ICICIdirect Vs SMC Global 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.

SMC is a leading financial service provider in India offering services across brokerage, investment banking, wealth management, financing, depository services, insurance broking, clearing services, mortgage advisory and real estate advisory to corporate, institutional, high net worth individuals and other retail clients.

SMC India has customer base of over 16 lakhs customers and 50 branches & 2400+ registered sub brokers and authorized persons spread across 500+ cities.

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

17, Netaji Subhash Marg,
Opp. Golcha Cinema, Daryaganj,
New Delhi, Delhi, India 110002

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.

Broking (Equity, Commodity & Currency Derivatives) at BSE, NSE and MCX, Mutual Funds & IPO, NBFC, Online Trading, Wealth Management, Investment Banking, Insurance, Real Estate, Research, Depository Participant CDSL & NSDL

Stamp Duty at actuals

Nil.

For Individual account: ₹700 p.a.

For Corporate account: ₹1500 p.a.

• Individual Client
  • General AMC Scheme: Rs 300 P.A. (POA Clients), Rs 350 P.A. (Non POA Clients)
  • Onetime Yearly AMC Scheme: Rs 1000 P.A.(POA Clients), Rs 1300 P.A. (Non POA Clients)
  • No AMC Scheme: Rs 3000 Refundable Deposit
• Corporate Clients: Rs 1000 P.A.

₹0 for ICICI Bank customers.

₹7500 for Non ICICI BANK customers.

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

Rs 5 Per Certificate (Rs 30 for 1st Certificate) Courier Charges Extra (Rs 25 for Local & Rs 40 for outstation courier)

₹25 + CDSL charges at actual

Rs 25 (For one certificate/100 shares) Courier Charges Extra(Rs 25 for Local & Rs 40 for outstation courier)

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 )

• On Maket Transaction: Rs 15 (POA Clients), Rs 20 (Non POA clients)
• Off Market Instruction: 0.03% (subject to Min. Rs 20 & Max. Rs 50 Charges Per instruction)

0.02% or minimum of ₹35

Rs 60

0.02% or minimum of ₹35

Rs 60

0.02% or minimum of ₹35

Rs 30

Rs 20 per instruction

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

• AMC charged yearly in advance.
• DIS Book Charges: Rs 30 (20 leafs)
• Client Modification Charges: Rs 25
• Security deposit for CDSL 'easiest' facility (optional) is Rs 2,500