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What are the Account Opening charges in ICICI Direct?

Account opening: ₹0 (Free)

This applies to both the trading account and demat account — no one-time joining fee regardless of which brokerage plan you choose (MoneySaver, iValue, or Prime).

What you do pay after opening:

Charge Amount
Account opening ₹0
Demat AMC (standard) ₹700/year
Demat AMC (with iValue) ₹300/year
iValue plan subscription ₹299 one-time (lifetime)
Prime plan subscription ₹999 / ₹4,999 / ₹9,999 (lifetime)

So the account is free to open, but the ₹700/year AMC kicks in from year 1 — unlike Zerodha (₹300/yr from year 1) or discount brokers like Groww, Dhan, and Shoonya (₹0 forever).

Practical advice: If you open an ICICI Direct account, subscribe to iValue (₹299 one-time) immediately — it drops the AMC to ₹300/year and brings F&O brokerage to ₹20/order. That single step saves ₹400/year on AMC alone, paying back within 9 months

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Topic: ICICI Direct FAQs

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