ICICI DEMAT ACCOUNT

ICICI Demat Account

ICICI Demat Account is a service provided by ICICI Bank, one of the leading private sector banks in India. “Demat” stands for “Dematerialization,” which is the process of converting physical share certificates into electronic form. A Demat account acts as a repository to hold these electronic securities, such as shares, bonds, government securities, mutual fund units, and other financial instruments.

ICICI Demat Account offers a convenient and secure way to hold and manage your investments in electronic form, eliminating the risks and hassles associated with physical certificates. It allows for easy transfer, tracking, and monitoring of your investments.

To open an ICICI Demat Account, you will need to complete the necessary documentation, provide identity and address proof, and have an existing savings account with ICICI Bank. Once the account is opened, you can start trading and investing in various financial instruments through the Demat account.

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BENEFITS OF ICICI DEMAT ACCOUNT :

  1. Safe and Secure:

    ICICI Demat Account provides a secure way to hold your securities in electronic form, reducing the risk of loss, theft, or damage associated with physical share certificates.

  2. Convenient Trading:

    With a Demat account, you can buy and sell shares and other securities seamlessly through online trading platforms, making the entire process more convenient and efficient.

  3. Paperless Transactions:

    Demat accounts eliminate the need for physical paperwork, making transactions and record-keeping hassle-free.

  4. Easy Access:

    You can access your Demat account online or through the ICICI mobile app, allowing you to track and manage your investments from anywhere at any time.

  5. Quick Settlements:

    When you sell securities, the funds are credited to your linked ICICI Bank account quickly, ensuring faster settlement and liquidity.

  6. Portfolio Diversification:

    With a Demat account, you can invest in a wide range of financial instruments, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and government securities, enabling portfolio diversification.

FEATURS OF ICICI DEMAT ACCOUNT:

  1. Electronic Holding:

    ICICI Demat Account allows you to hold various financial instruments such as shares, bonds, government securities, mutual funds, and exchange-traded funds (ETFs) in electronic form.

  2. Online Trading:

    The Demat account is linked to ICICI’s online trading platform, enabling you to buy and sell securities conveniently over the internet.

  3. Real-time Access:

    You can access your Demat account and monitor your investments in real-time through ICICI’s online portal or mobile app.

  4. Automatic Updates:

    Corporate actions such as bonus issues, stock splits, and dividends are automatically updated in your Demat account, keeping you informed about changes in your holdings.

  5. Nomination Facility:

    You can nominate a beneficiary to your Demat account, ensuring a smooth transfer of assets in case of unforeseen circumstances.

PROCESS TO OPEN ICICI DEMAT ACCOUNT :

  1. Gather Required Documents:

    Prepare the necessary documents, including identity proof, address proof, passport-sized photographs, and PAN card.

  2. Visit ICICI Bank Branch or Website:

    You can choose to visit the nearest ICICI Bank branch or access the official ICICI Bank website to apply for a Demat account online.

  3. Fill the Application Form:

    If you visit a branch, collect the Demat account application form from the customer service desk. If applying online, navigate to the Demat account section on the website and click on “Open an Account” or a similar option.

  4. Provide Details:

    Fill in the application form with accurate details such as name, contact information, PAN number, bank account details, etc.

  5. Submit Documents:

    Attach the necessary documents, including photocopies of your PAN card, identity proof, address proof, and passport-sized photographs. Self-attest these documents as required.

  6. In-Person Verification (IPV):

    If you are applying online, you may be required to complete the In-Person Verification (IPV) process. This is usually done through video verification or in-person verification at an ICICI branch.

  7. Signatures:

    Sign the application form and any other documents as required.

  8. Pay Account Opening Charges:

    ICICI Bank may charge a nominal fee for opening the Demat account. Make the payment through the available payment methods.

  9. Account Activation:

    Once the application form and documents are verified and processed, you will receive your Demat account details, including your Demat account number.

  10. Linking Bank Account:

    Link your ICICI Demat Account with your existing ICICI savings/current account or any other linked bank account. This is necessary for a seamless transfer of funds during trading.

  11. Receive Welcome Kit:

    ICICI Bank will send you a welcome kit containing your Demat account details, login credentials for online access, and other relevant information.

DOCUMENT REQUIRED TO OPEN ICICI DEMAT ACCOUNT :

To open an ICICI Demat Account, you will need the following documents:

Identity Proof:

Passport
Aadhaar Card
Voter ID Card
Driving License
PAN Card (Mandatory)
Address Proof:

Aadhaar Card
Voter ID Card
Passport
Driving License
Utility Bills (electricity, water, gas, etc.) – Not more than 3 months old
Bank Account Statement – Not more than 3 months old
Rent Agreement – Registered and notarized
Registered Sale Deed
Passport-sized Photographs: Recent passport-sized color photographs.

PAN Card: It serves as both identity and address proof, but a separate PAN card photocopy is usually required.

Cancelled Cheque or Bank Statement: A cancelled cheque or bank statement as proof of your linked bank account.

Income Proof (For trading in derivatives or specific segments):

Income Tax Return (ITR) Acknowledgement
Salary Slips
Form 16
Net Worth Certificate

WHY CHOOSE FAYDA PAY FOR ICICI DEMAT ACCOUNT :

  1. Simplified Account Opening Process:

    We have streamlined the account opening process to be simple and efficient. No more complicated paperwork or lengthy waiting times; get started with just a few clicks!

  2. Trusted ICICI Partnership:

    As an authorized partner of ICICI Bank, we ensure that you receive top-notch services and have access to a reputable banking institution.

  3. Local Expertise:

    We understand the unique needs and challenges faced by rural communities. Our team comprises local experts who are dedicated to serving you better.

  4. Empowering Retailers:

    Fayda Pay empowers local shop retailers by providing them with an additional stream of income through our ICICI Demat Account services.

  5. Financial Literacy:

    We go the extra mile to educate and empower our customers with essential financial literacy, enabling better decision-making and financial growth.

  6. Access to Diverse Investment Options:

    With an ICICI Demat Account, you can explore a wide range of investment opportunities, from stocks and mutual funds to government securities, tailored to your risk appetite and financial goals.

  7. User-Friendly Platform:

    Our online platform is designed for ease of use, making it accessible to all, regardless of their tech-savviness.

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FAQ

An ICICI Demat Account is essential for seamless and secure trading and investing in the stock market and other financial instruments. It allows you to hold and manage your investments electronically, providing easy access and simplified tracking.

Opening an ICICI Demat Account with Fayda Pay is quick and hassle-free. Visit our website, fill out the application form, submit the required documents, and complete the verification process. Our team will guide you through every step.

Absolutely! Fayda Pay is dedicated to providing ICICI Demat Account services in rural areas, promoting financial inclusion and empowering local shop retailers and individuals with new earning opportunities.

By choosing Fayda Pay for your ICICI Demat Account, you gain access to simplified account opening, personalized customer support, diverse investment options, and financial literacy to make informed decisions.

Yes, your financial information and transactions are safe and secure with Fayda Pay. We employ the latest security measures to protect your data and ensure a seamless and worry-free experience

Absolutely! We empower local shop retailers by providing them with an opportunity to earn additional income through our ICICI Demat Account services.