Demat account in ICICI bank ?

Does any member of boddunan have icici bank demat account ? If yes can you tell me why do they deduct money around rs700 to 800 every 2 to 3 months, though we have minimum amount ?

i can tell you only after you tell me that do you transact in shares through your account or just keep it without transaction? Unless you link it with your saving account they cannot deduct any amount from it.

I have'nt done any transaction of shares past few months, but then too it is deducted, and when I use to trade even then they use to deduct

I have'nt done any transaction of shares past few months, but then too it is deducted, and when I use to trade even then they use to deduct

They only deduct once every year or if you are trading below the required amount in one transaction.

I have a demat account and the charges are deducted once a year and they charge rs 450 annually to maintain your account.However, there are charges when you go down below the minimum balance of Rs 10,000 per quarter, this is calculated for a minimum of sixty days average balance ...The best thing to do would be to go to the bank and clear your doubts...


Here is a link...http://www.icicibank.com/Personal-Banking/demat/serviceCharges.html

Thank you Usha Manohar, for the information and for the link, before the minimum about was 5000 now i think they have increased to 10,000

So your doubt is clear now, this thread is closed.