ICICI bank provides demat account for its customers those who are willing to take part in the Indian stock market by investing there. The bank features a wide range of demat facilities of which the ICICI demat account is the initial part. Besides this ICICI demat account also facilitates some other features like:
• Transaction statement – Counter party, transaction type, specific date range. • Bill details. • ISIN look up – Information on the face value and the status value of the ISIN. • Settlement calendar- Information regarding pay in and pay out date. • Status on request. • Customer ledger. • E-instructions. • Mobile alerts. • TIFD and IDT booklets on request. • Personal details – Clients name and address holders name, account type and details. • No charges for opening DP required.
The process of opening an ICICI demat account is also very simple and easy and requires the following simple steps:
• Properly filling the application form. • Details of bank account with which the demat account is to be joined. • Submission of the photocopies of the documents required for identity proof (passport, pan card, driving license, voter ID card). • Submission of the photocopies of the documents required for residence proof (passport, pan card, driving license, voter ID card). • Passport size photographs of the customer. • Customer needs to choose between Standard Rate Card, Frequent Rate Card and Bonus Rate Card as par trade volume. • NRI rate card applicable for those who are stating their foreign address for communication. • Proper selection of the mode of investment. Any one among PINs or Non PINs like mutual funds, derivatives, prior investments, gifts and inheritance. • The customer, if an NRI should decide the combination from among PINS NRE, PINS NRO, Non-PINS NRE, Non-PINS NRO. • No RBI permission required.