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Open ICICI 3-in-1 Account

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    What are the Annual Maintenance Charges (AMC)?

    The Annual Maintenance Charge (AMC) for an ICICI Direct Demat Account is:

    > ₹700 per year + applicable taxes

    > Waived for the first year

    > Applicable from the second year onwards

    For small investors who do not invest regularly or frequently in the stock market, SEBI has introduced an exclusive demat account called Basic Services Demat Account [BSDA].

    SEBI states that only one account can be opened under the BSDA category. You will need to be the first/primary/sole holder of the account. Besides, you cannot hold any other demat account with you being the primary holder across any depository. 

    To qualify for the BSDA category, the value of your securities held in your demat account must not exceed Rs. 10 lakhs at any time. Here, it is essential to remember that your demat account has a cutoff date. So, the balance in your account must consistently be under Rs. 10 lakhs to prevent its conversion back into a standard demat account.

    You can choose to convert your existing demat account to the BSDA category, provided you do not hold any other demat account under the same PAN card as the sole holder.

    Cost benefits of a BSDA 

    > On holdings worth up to Rs. 4 lakhs, you do not need to pay AMC charges on your BSDA.

    > If your holdings are in the range of Rs. 4 lakhs to 10 lakhs, you will need to pay AMC charges with or without Power of Attorney [POA] at Rs. 100.

    > Suppose the holdings go above Rs. 10 lakhs. In that case, you will have to give an Annual Maintenance Charge depending on the rates offered by your Depository Participant applicable to regular [non-BSDA] demat from that date onwards.

    Is there any charge for opening a Demat and Trading Account? How to open 3-in-1 Account through the offline journey? What are the interest rates applicable on trading funds parked in a savings account? Who can open a Demat and Trading Account with ICICI Direct? How can I open an ICICI 3-in-1 Account if I don’t have an ICICI Bank Savings Account? How ICICI 2-in-1 Account Works? Can I open a Demat Account without opening an ICICI Savings Account? Will I earn interest on the funds lying unused in my trading account? Which journey for account opening is suitable for me? How can I open an HUF Account? Is Demat account one of the components to open an Account with ICICI Direct? Do I need to open a 3-in-1 Account if I already have an ICICI Bank Account? How can I generate my username and password for the first login? When can I start trading after opening my account? / How long do I wait before I can start trading? How long does it take to open a Demat account? I have submitted my account opening application. What happens next? What is a joint Demat account? How to open a Joint Demat Account? What is a 3-in-1 Account? What is a 2-in-1 Account? Is there any minimum balance requirement for a Demat Account? How can I find my Demat Account Number? Is a Demat Account required to invest in Mutual Funds? Can I have more than one Demat account? Is the Demat account safe? Is a Demat Account required for SIP investments? Can government employees open a Demat Account? How can I check the shares held in my Demat Account? How can I open an ICICI Corporate Account? What are the documents required to open a corporate account? Is it mandatory to open a 3-in-1 Account to trade with ICICI Direct? What are the steps of opening a Demat and Trading account? What is the process for opening an account through the New-to-Bank (NTB) Journey? What is the New-to-Bank (NTB) Journey? Who can open accounts through the NTB Journey? How can I open a Demat and Trading Account through the iMobile App? What documents are required to open an ICICI 3-in-1 Account?