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What is a Demat Account?

A Demat Account holds shares and securities electronically or in a dematerialised form. It is an easy and convenient way of holding assets such as shares, Exchange-Traded Funds [ETFs], government securities and bonds.

A Demat Account allows for quick, secure and convenient transactions for buying and selling shares and other securities. With a Demat Account, shares or other financial instruments can be easily accessed and all activities can be instantly checked by simply logging into the account anytime. A Demat Account is connected with a trading account to simplify stock market transactions.

What is Dematerialisation?

Dematerialisation is a proper form of keeping record online in demat account and is designed to offer enhanced protection and increased speed for buying and selling in an electronic form.

A Demat Account enables the electronic transaction of shares and securities to be bought and sold through the process of Dematerialisation. Financial transactions involving stocks and other securities of the investor are held in the Demat Account as a means for convenient and hassle-free trades.

Intraday Trading Brokerage Charges

₹20

Intraday Trading Brokerage Charges (Unlimited per order)

Sell stocks and get money within 30 mins

30 mins

Sell stocks and get money within 30 mins

Margin Funding interest rate to buy stocks

8.9% P.A.

Margin Funding interest rate to buy stocks

  • 0

    Futures trading charges

    01
  • 20

    Options & Intraday trading (Unlimited per order)

    02
  • 20

    Commodity & Currency Derivative (Unlimited per order)

    03

How To Open a Demat Account?

  • Enter your mobile number
  • Link your bank account
  • Identify yourself by validating Aadhaar
  • Enter personal details & Upload documents
  • Verify your Live Photo & E-Sign documents

Benefits of Demat Account

One-stop storage

One-stop storage

Users can track their investments and transactions through a single Demat Account.

Safety and security of assets

Safety and security of assets

There is no fear of loss, theft or damage to the stocks and securities owing to the Demat Account's digital format.

Elimination of Odd-lots

Elimination of Odd-lots

Buying and selling of single units are possible with a Demat Account.

Reduced costs

Reduced costs

Stamp duty and other handling costs are eliminated due to the digital format.

Easy liquidation and monetisation

Easy liquidation and monetisation

A Demat Account offers easy liquidation of assets.

Effortless KYC Updating

Effortless KYC Updation

Users can easily update any change in address, mobile number or nominee details via a single Demat Account.

Swift settlements

Swift settlements

A Demat Account reduces settlement cycles, thus saving users time and effort.

Easy Transmission

Easy Transmission

A joint Demat Account can add a next-of-kin as a nominee to effortlessly transfer assets.

ICICI direct Demat Account Features

A Demat Account makes financial transactions easy and convenient - features of Demat Account include.

Simplified buying and selling of shares

Simplified buying and selling of shares

A Demat Account helps in buying and selling shares online. Formerly, transferring shares physically would take anywhere between a fortnight to a month. A Demat Account ensures a simplified process with reduced costs. Besides, holding securities in the electronic form does not require stamp duty when transferring them.

Transfer securities electronically

Transfer securities electronically

With a Demat Account, users can transfer securities online in seconds. Delivery Instruction Slips [DIS] are used to transfer securities from one Demat Account electronically.

Loans on your securities

Loans on securities

When choosing an online Demat Account opening, users benefit from taking a loan on their securities. Pledging securities held in the online Demat Account as collateral can help obtain necessary funds when needed.

Receive dividends directly

Receive dividends directly

Users can receive stock dividends and bonus issues of shares released by companies directly and safely through a Demat Account.

Quicker dematerialization and rematerialization

Quicker Dematerialisation and rematerialisation

Upon providing instructions to the DP, users can convert physical certificates into electronic forms whenever needed. Certificates can also be converted into physical form if required through rematerialisation.

Option to freeze the account

Option to freeze the account

A Demat Account can be suspended for a specific period whenever needed. This feature comes in handy when users avoid unexpected debits or credits into their Demat Account. Users can also opt to freeze their Demat Account for a specific number of securities in the account.

Accessing multiple options

Accessing multiple options

A user can operate a Demat Account electronically through various devices and modes. A Demat Account can be accessed via a computer, laptop, and other smart devices through the Internet.

Easy access to the Indian stock market

Easy access to the Indian stock market

Non-Resident Indians can also open a Demat Account and invest in shares in the Indian stock market through their NRE or NRO bank account.

Documents Required to Open a Demat Account

To open a Demat Account requires specific documents. Below is a complete checklist of documents to open a Demat Account.

  1. Proof of identity [POI]

    These include driving license, voter identification, Unique Identification Number [UID] etc.

  2. Proof of Address (POA)

    As a document proof for address to open Demat Account online, you will need to provide passport copy, ration card, voter identification, driving license with photograph, maintenance bill, insurance papers, utility our telephone receipts, electricity bills not older than three months, bank account statement or passbook, Aadhaar etc.

  3. Proof of income

    To trade in derivatives such as Futures and Options, users need to provide a copy of their Income Tax Returns [ITR] acknowledgement, proof of salary, current bank account statement, etc., as part of the Demat Account opening process.

  4. Proof of bank account

    A cancelled personalised cheque leaf must be furnished.

  5. PAN Card

    This is a mandatory and important document it is required while opening a Demat Account.

  6. Recent passport-sized photographs

    Users must provide copies of recent passport-sized photographs to open a Demat Account.

  7. Power of Attorney [POA]

    Users will require to sign the Power of Attorney, in addition to the required documents when opening a Demat Account. A POA helps a broker transfer securities and margins, unsettled trades and transfer funds from the Demat Account. The POA document must be given in the brokerage company's name and not an employee within the brokerage firm, as it contains the Demat Account number and bank account details.

Proof of identity [POI]

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Demat Account FAQs

To know more about its charges, visit

https://www.icicidirect.com/services/brokerage/prime-plan

To open your demat account, it typically takes 2 to 5 working days — depending on the kind of account.

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 one a primary account holder can hold the same account another holder. In a joint demat account account, there can be a maximum of three account holders, with one primary holder. However, a joint demat account cannot be opened with a minor.

Yes. You need to link the two accounts for seamless and hassle free transactions.

Yes. You can open multiple demat accounts as long as you open them with different Depository Participants [DP]. That means, you cannot open more than one demat account through the same depositary participant.

Typically, there are three different types of demat accounts: a regular Demat Account, Repatriable Demat Account and Non-Repatriable Demat Account.

Yes. You can open a demat account without a trading account. To convert your physical shareholdings and hold them into the dematerialized format, a demat account works as a repository that does not require a trading account.

As part of a three and one account, you get the combination and benefits of a savings bank account, trading account and the demat account. All these three are linked to one another for seamless online investments and trading in the stock market.

ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. AMFI Regn. No.: ARN-0845. PFRDA registration numbers:  POP no -05092018. I-Sec acts as a Composite Corporate agent having registration number –CA0113. Investments in securities market are subject to market risks, read all the related documents carefully before investing.Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Please note, Mutual Fund, Corporate Fixed Deposits, Bonds, IPO and Loans related services are not Exchange traded products and I-Sec is acting as a distributor to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. Please note, Insurance related services are not Exchange traded products and I-Sec is acting as a corporate agent to solicit these products. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein mentioned are solely for informational and educational purpose.