I hv a demat ac in icicdirect.com but i m not happy do i hv to open a new ac for investment?

i hv dmat ac in icicidirect but i m not happy with it do i hv to open a new ac if i want to invest though some other bank

The brokerage charges at ICICI are quiter high compared to some other broking companies that also provide depository services.

but the most important is that u r not happy with ur current demat service, so it would be better to do an internet survey of those companies that open demat accounts and depending upon their brokerage charges and their online trading efficiency u can choose what is best for u.

ICICIdirect and HDFC are the first ones out there that offer a single account to handle all of the services, research, analysis, news, notification, duplicate statements, electronic links everywhere, bill payment, email notification, digital certificates for security, high availability servers etc etc. Their offerings and services match the pricing. I do agree that there are many other places that have lower fees, but I think they all come with lower offerings/funcationality. You would want to check all of these details in a side by side pro/con comparison chart (make it yourself) to determine the best answer for you.

As far as the operation is concerned, you will have to close this account and transfer the stocks to the other demat account for best use of existing investments (margin availability etc). Also, it will make it easier on you to manage a single account.

All in all, if you have a good size account, focusing on making money and getting high level of services is a WINNING PROPOSITION, as opposed to a 'expense control thinking'.

I have an account at ICICI, and am enjoying it very much due to thier simplicity.

On a high volume day, they have a large number of servers, and I can still get it. Will you get there at all other places? That is the big question, and for another 12 to 24 months I am sticking it out with ICICI.

And, yes, I do not work for them!!!!!

KKP_Investor

The online tradin accounts do charge more than the ordinary tradin account with any of the BSE/NSE member.

ICICI direct charges .8 % + STT. Whereas ITI financial services a NSE member charges just .4 % + STT. So u can shift non-online tradin account.