ICICI Bank broker Accounts

ICICI Bank Account Type

　　ICICI Bank offers a comprehensive trading solution through its ICICI Direct 3-in-1 account, which integrates a savings bank account, a trading account, and a demat account. This structure allows seamless transactions between these accounts, making it easier for users to invest in stocks, mutual funds, IPOs, and derivatives. The account types include:

NRE Bank Account: For repatriable transactions.
NRO Bank Account: For non-repatriable transactions.
NRI Trading Account: Allows NRIs to trade in the Indian stock market.
Demat Account: Holds securities in electronic format.

　　The brokerage charges for the ICICI Direct NRI trading account are as follows:

Equity Delivery: 0.50% to 1.25%
Equity Futures: 0.03% to 0.05%
Equity Options: ₹70 to ₹95
Account Opening Charges: ₹4,000
Annual Maintenance Charges (AMC): ₹0 for the first year, ₹300 from the second year onwards.

ICICI Bank Broker Account Opening Process

　　To open an ICICI Direct account, follow these steps:

Visit the Website: Go to ICICI Direct.
Select 'Open Account': Click on the 'Open Account' option.
Fill the Application Form: Provide your mobile number, PAN, date of birth, and email ID.
Upload Documents: You will need to upload scanned copies of:

Passport
Valid Visa
Address Proof
PAN Card
Passport-sized photos

In-Person Verification (IPV): For NRI accounts, an ICICI representative will visit you for verification.
Account Activation: Once your application is verified, your account will be activated within 2 to 7 working days.

　　For NRIs, the process can be completed online if you reside in the USA, allowing for a paperless application that can be processed in just 2 days. For other countries, the application is typically paper-based.

　　Documentation Required: