Hidden Cost Of ICICI BANK Demat Account | ICICI BANK Hidden Cost | Beware Of ICICI BANK | ICICI Bank – Many Hidden Fee | Read Before Open ICICI Bank Demat Account
Hidden Cost Of ICICI BANK Demat Account | ICICI BANK Hidden Cost | Beware Of ICICI BANK | ICICI Bank – Many Hidden Fee | Read Before Open ICICI Bank Demat Account
If you want to open a demat account in ICICI Bank, please read this article. I am also opened a ICICI BANK demat account & face the axe of hidden cost. ICICI BANK have a lots of hidden cost. ICICI BANK claim in their website that “NO Hidden Cost”, but they still have it.
Hidden Cost/Fee Of ICICI Bank Demat Account – Beware Of Hidden Cost :
- Minimum charge per transaction in ICICI Bank Demat is Rs 28 or (0.75% + Tax) – Whichever is higher. But when ICICI Bank agent meet you to open your account they don’t tell you the minimum Rs 28 per transaction fee. This Rs 28 per transaction is totally a hidden cost. I lost Rs 1500 by this way.
- Minimum charge apply for all transaction including intraday & delivery. But as per ICIC Bank demat account guideline – they should only charge it for delivery.
- For intraday transaction, charge is Rs 0.01 per transaction, but they always charge you Rs 28. This is also another hidden cost/fee.
- ICICI bank charge Rs 750 per year for demat account + first 2 year free. But many account holder charged also in first two years. This is another hidden cost.
- ICICI Bank often charge you many surcharge like Rs 10 or Rs 20 . Many account holder don’t pay attention in such charge, but ICICI Bank use this trick to takeout hidden fee from customer. Suppose 500000 customer charged Rs 10 as surcharge. Then ICICI Bank profit 50 lakh just from hidden cost.
So please visit ICICI Bank branch & demand for details. If you satisfied with the charge,then only open demat account in ICICI Bank.