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Why Open Demat Account with ICICI Direct?


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How to Open Demat Account?

Steps to open a Demat Account

Step 01

Verify your personal details

Step 02

Complete self KYC Process

Step 03

Digitally sign your document with e-signature

Documents Required To Open A Demat Account

Below is a complete checklist of required documents

PAN Card

Mandatory and important document to open a demat account.


Sign on a white paper and upload it. Ensure that your signature matches the one on your PAN card.

Bank proof

As proof of your bank account, enter correct IFSC code and bank account number. Image of a cancelled cheque or your bank statement/passbook for the last six months is required only if Bank verification fails.

Financial document

To trade in derivatives such as F&O, you need to submit the soft copy of the Income Tax Return (ITR) statement, salary slips for three months, bank statement for six months, net-worth certificate, Demat holding statement, or holding report. This is optional and not mandatory.


Open a Demat Account online with ICICI Direct in 10 mins

Things to know before opening a Demat Account

What Is A Demat Account?

Demat account is the short form for Dematerialized account. It is a digital platform for trading of financial securities like Stocks, Mutual Funds, ETF, Insurance, Bonds, and Government Securities. Unlike earlier days wherein physical certificates were issues for trading in share market, Demat account allows the traders to hold their shares in a digital or electronic format for share market trading. As the stocks and securities are stored in an electronic form, it makes buying and selling of shares very easy and transparent and helps the investors or traders easily manage their holdings.

Once the Demat account is opened, the shares that are brought are credited to your Demat account electronically and when sold, they are debited from your Demat account. For example, if you buy 10 Infosys shares, those shares will be stored in your Demat account. If you decide to sell 5 of them, the Demat account will reflect that change. It makes buying and selling investments easy and secure, eliminates the need for physical paperwork.

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Demat Account FAQs

To know more about the Demat account charges of ICICI Direct Demat account, visit https://www.icicidirect.com/services/brokerage/prime-plan

To open your Demat account with ICICI Direct it takes 10 minutes.

After submitting your Demat account application form, the Depository Participant [DP] will carry out the necessary verification of the information you provided in the form. On successful verification, you will be provided with your login details. In the event that your application is not processed, due to any missing information, you will be notified by our representative

A joint Demat account is a Dematerialized account in which two or more individuals can hold and manage securities (such as stocks, bonds, and mutual funds) jointly with equal rights. These individuals could be, for example, family members, business partners, or friends. ICICI Direct Demat account gives you the facility of opening a Joint Demat account

A 3-in-1 Demat account is an account that combines three essential components into a single integrated package for seamless trading and investing. The three components are:

Demat Account:This is the account where you hold your securities such as stocks, bonds, and other financial instruments in electronic form.  

Trading Account: A trading account is used for buying and selling securities in the stock market. The trading account is linked to your demat account for the seamless transfer of securities during transactions.

Bank Account:The bank account is linked to the demat and trading accounts to facilitate the transfer of funds for buying and selling securities

There is no minimum balance requirement to maintain a Demat account.

The process will vary from one depository participant to another. Here are the steps you need to follow if you have a Demat account with ICICI Direct:

  • Login to ICICI Direct website.
  • Look for the 'Customer Service' page.
  • Go to the 'My Account' section.
  • Scroll down to the 'My Account Details' section.
  • You will find your Demat account number in this section.

The nominee addition details vary from platform to platform. If you have an account with ICICI Direct, you can add nominees through online and offline routes. For the online route, you can log in to your account go to the Settings section, and add the nominee details.

Yes, it is possible to transfer shares from one Demat account to another. This process is known as Demat account transfer.

In general, the option will be available under the 'Fund' section of your account. You can log in to your DP account, look for 'Funds', and under it, you will see the 'Withdraw Funds' (or something similar) option. Click on it and submit the request.

Mutual funds in India can be held in two primary forms: in physical form (paper certificates) or in Dematerialized (Demat) form. Therefore, a Demat account is not mandatory for mutual funds.

Yes, it is possible to have more than one Demat account. You may choose to open multiple Demat accounts for various reasons, depending on your financial needs and preferences.

Yes. A Demat account is generally considered a safe and secure way to hold and manage your financial securities. They are regulated and managed by the Securities and Exchange Board of India (SEBI), which oversees the functioning of Demat accounts and depository participants.

No, a Demat account is not required for investing in Systematic Investment Plans (SIPs) of mutual funds.

As of February 2024, the number of Demat accounts in India are 14.39 crore.

Yes. A government employee, like any other individual, can open a Demat account.

Checking the shares in your Demat account involves accessing your Demat account statement, which provides a detailed overview of the securities held in electronic form. The process may slightly vary depending on your Depository Participant (DP), but here are general steps you can follow:

  • Log In to Your Demat Account
  • Navigate to Holdings or Portfolio Section
  • View Detailed Holdings
  • Filter by Asset Class
  • Check Transaction History

Your Demat account number is not typically directly associated with your PAN (Permanent Account Number) card. The Demat account number is assigned by your Depository Participant (DP) when you open a Demat account with them. To know the Demat account number using PAN card follow these simple steps:

  • Check Demat account statements
  • Contact customer support
  • Check welcome kit or account opening documents
  • Visit DP's Office

Converting physical shares into electronic or Demat form is a process known as Dematerialization. The process involves converting the physical share certificates into electronic form, and the resulting electronic securities are then credited to your Demat account. Here are the general steps to convert physical shares into a Demat account:

  • Open a Demat Account
  • Complete KYC Process:
  • Fill Dematerialization Request Form (DRF)
  • Submit DRF and Physical Certificates
  • Verification Process
  • Cancellation of Physical Certificates
  • Credit to Demat Account

In the context of a Demat account, DP name refers to the name of the Depository Participant (DP) with whom an individual holds their Demat account. A DP is an entity registered with the depository (such as NSDL or CDSL) and acts as an intermediary between the account holder and the depository.