What is Demat Account?
A Demat Account holds shares and securities electronically or in a dematerialised form. It is an easy and convenient way of holding assets such as shares, Exchange-Traded Funds [ETFs], government securities and bonds.
What is Trading Account?
The 3-in-1 online trading account gives you the convenience of opening a online trading, demat & bank account. You can view live share price, trade in shares, be it Intraday Trading or delivery on NSE and BSE, trade in Futures & Options, Currencies, invest in Mutual Funds, IPOs and Life Insurance through our seamless and secure 3-in-1 online trading account.
What are the features of Trading Account?
- Seamless Trading: You can trade in shares (Intraday Trading or Delivery) without going through the hassle of tracking settlement cycles, writing cheques and transfer instructions. Absolutely hassle free!
- Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through ICICIdirect.com. It provides you the flexibility to pay only when you trade
- Wide range of products: Share trading in both NSE and BSE, innovative offerings like - Margin, MarginPlus, BTST, SPOT. Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance
- Control: You can be rest assured, that your order will be precisely for the amount you wanted it to be, without any deviation, giving you full control of your money and your trades
- Award Winning Research: We understand the need for the right research to make the right investment decision and has focused heavily in this area. Our team with its consistent delivery has been voted as the 'Most preferred brand of financial advisory services' at the CNBC Awaaz Consumer Awards, 2007
- Tracking and Review: Monitoring your investments is as important if not more than making that investment itself. Our portfolio tracker and watchlist along with sms alerts will always keep you updated on the status of your investments with us and act on them when required
What is the difference between Demat and Trading account?
The key difference between a Demat and a Trading account is that a Demat account is used to hold your securities such as your share certificates and other documents in electronic format whereas a Trading account is used for buying and selling these securities in the stock market. The combination of Trading, Demat and savings account is known as a 3-in-1 account in the stock market.
What is ICICIdirect.com 3-in-1 account i.e. Demat, Trading and Bank account?
ICICIdirect offers you a Unique 3-in-1 On-line Trading Account which integrates your demat, savings and trading account t have secure and seamless investment experience.
Advantages of 3-in-1 account:
The 3-in-1 trading account gives you the convenience of opening a demat, trading & bank account. Trade in Shares, Futures & Options, Currencies, invest in Mutual Funds, IPOs and Life Insurance through our seamless and secure 3-in-1 online trading account.
- Integrates your banking, trading and demat account
- Single window for all your investment needs
- Live streaming quotes with Trade Racer
- Accessibility on multiple platforms for trading like web, mobile and call-n-trade(Place order over the phone)
- Distinguished Brokerage Plans for various Products
What are the documents required to open 3-in-1 account with ICICI Direct?
Documents required:
- Address proof
- Permanent Account Number (PAN) card
- Passport-sized colour photographs
Apart from Trading account, what else is required to start online investment?
After opening trading account, you need to have a bank balance in your linked Savings Account with your trading account and one has to choose his brokerage plan like Prime or prepaid.
What are the charges to open ICICIdirect 3-in-1 account?
Account opening charges for trading account depends on the scheme opted by customer for Demat account charges depend on Demat account opted by customer (BSDA / REGULAR) and for saving account is ₹5000.
The Account opening fee varies from 0 to ₹975 rupees. There are multiple schemes available, for more details on the scheme, please call on 1860 123 1122.
There is no AMC (Annual Maintenance charges) for Demat Account for the first Year. However, charge of ₹700 (excluding taxes) is levied from 2nd year onwards.
However, if the Demat account is under BSDA, no AMC is levied for holding value upto ₹50000.
