ICICIdirect Vs Choice Broking Demat Account Comparison

ICICI Bank is India's largest private sector bank with total assets of Rs. 6,461.29 billion (US$ 103 billion) at March 31, 2015 and profit after tax Rs. 111.75 billion (US$ 1,788 million) for the year ended March 31, 2015. ICICI Bank currently has a network of 4,050 Branches and 12,817 ATM`s across India.

Choice Equity Broking Private Limited popularly known as Choice Broking, is a full-service broker providing a wide range of services to its customers. Choice Broking is a subsidiary of publicly listed Choice International Ltd. with a pan India presence for Stock and Commodities Broking, Loan syndication, Insurance, Mutual Fund, etc. The company offers free trading and Demat account opening to its customers.

ICICI Bank Tower, 5Th Flr South Wing,
Tower ii, Plt No 12 Financil Dist,
Gachibowli Hyderabad,
Andhra Pradesh, India - 500032

Chakarawarti Ashok Co Ophsg Cts No156,157,158, J.B.Nagar Off Sahar Road, Andheri (E) Mumbai Maharashtra India-400099

ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.

NSE- Cash, FNO and CD segment BSE- Cash and Derivative. MCX-SX- Currency Derv. USE - Currency Derv. Group Company Member - MCX, NCDEX, ICEX

Stamp Duty at actuals

Nil

For Individual account: ₹700 p.a.

For Corporate account: ₹1500 p.a.

Choice Broking offers Standard and special plans to individual customers to opt for.

1. Basic Standard Plan: ₹200
2. Special Plan:
   1. Lifetime AMC Free Plan (One Time - Non-refundable) :₹1,500
   2. Lifetime AMC Free Plan (One Time - Refundable deposit) :₹,3000

Note:

1. First year AMC is free.
2. In case of no scheme chosen at the end of first year, default standard plan will be applied.
3. In case of Corporates, AMC of ₹1,000 applied from first year.

₹0 for ICICI Bank customers.

₹7500 for Non ICICI BANK customers.

Nil

₹50 Per Demat Request Form and ₹10 For Each Certificates

₹25 per certificate

₹25 + CDSL charges at actual

₹25 per 100 Securities or 0.04% whichever is higher

For Normal Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum ₹30)

For Debt instruments Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum ₹30 & maximum ₹25,000 )

₹10per transaction + GST

0.02% or minimum of ₹35

₹50 or 0.02% whichever is higher + GST

0.02% or minimum of ₹35

0.02% or minimum of ₹35

₹100 or 0.05% whichever is higher + GST

₹10 per instruction + GST

₹200 for restoring services if account is suspended for non payment of charges.

Additional request for every DIS Booklet: ₹100.