ICICI Direct a bank-based stockbroker comes with multiple brokerage plans that allow the trader to get the benefit of getting all the services at the minimum price. But to access the trading service, one needs to open a demat account with the broker. This makes it important to first check the details of ICICI Direct account opening charges.
ICICI Demat Account Opening Charges
While ICICI Demat account opening, you come across different brokerage plans option and the opening charges depend upon the plan you opt for.
Here considering the basic plan, you can open a demat account for FREE. Along with this ICICI Direct AMC Charges are also zero for the first year.
Now, apart from the default brokerage plan, there is one discounted plan ICICI Direct NEO. With this plan, you can trade in futures at zero cost and at a flat brokerage in other segments.
When you choose to trade using this plan at the time of account opening, then you need to pay the subscription cost of ₹299 plus GST.
Thus, you can say that ICICI Direct account opening charges for the NEO plan are ₹299.
ICICI NEO Account Opening Charges
ICICI Direct demat account thus offers many benefits and options to its traders where they can save their money. It is important to check all other costs associated with the brokerage plan and other offers provided by the broker to avoid any confusion later.
Still confused, which broker is best for trading? Fret not! Fill in the basic details in the form below and we will assist you in choosing the right stockbroker and in opening a demat account online for FREE!