Facebook Pixel Tracking

ICICI Direct - Irrelevant charges in Demat Account and poor services

prateek agarwal filed complaint against ICICI Direct on Feb 15, 2018

Hi team,

I have an issue, that in last year I have opened an Demat account with icici Direct. As I am Nri Customer I told my requirement to them that I just want to apply for an Indian IPO, not day to day trading. They told me that for an Nri customer it is mandatory to open * Demat Account. They told me that only I have to pay Inr **** for PIS Approval every month.
They never informed me about Amc charges for each Demat Account. Now I received the * invoices from them for each Demat account for Amc charges i.e. Inr **** each account.
Upon contacting to there customer service team they told me that I can close my non working accounts and keep only one and charges will be pro rata I am ready to bear the same. But neither team is responding me on my emails nor sending me account closure forms. I have sent them more than ** emails but no revert.

Can you please help me to resolve this issue urgently. Please refer attached email for your reference.

Share, let the world know

Complaint Status

Resolution Demanded:

Refund / Credit for purchase

Replace / Fix problem

ICICI Direct

5

Total Complaints

2

Total Resolved

40.00%

Consumer Satisfaction

Frustrated?

Thousands of customers like you have trusted Voxya to resolve their issues

- Preeti Anandan

I am very pleased with Voxya. They helped me resolve my issue without much hassle. Very impressed and satisfied.

- Preeti Anandan

- Sachin A Rosario

My two years of blood & sweat got valued finally with Voxya. I got a full refund with no hustle after they received notice.

- Sachin A Rosario

Are you facing
similar issue?

File a Complaint today and let our
experts help you in taking
legal action and getting resolution.

Get started free

Related Complaints

Harshavardhan Panguluri on Sep 11, 2023

ICICI Direct – Charged 826 without any intimation Closed

As I opened the account previously and buyed aal stock of ** ₹ so I left it,So I continuously recieving sms's that my fund balance -*** but actually I don't know what it is So,To close this Account they are telling...

NITIN SONI on Mar 20, 2021

icici direct  – Demat Charges cut without any use annually maintenance charges Closed

I have an account in your Bank. My savings account no. is ************ an demat account no IN***** ********. When I joined I'direct (ICICI Direct) as a equity advisor, ICICI get this demat account opened. That Dem...

Zubeda Khorasi on Nov 19, 2021

ICICI Direct – Loss due to wrong square off of option position by bankOpen

I had placed an order on **th September **** to buy one lot of Opt-Pirent-** sept-**** call at Rs ***.** and trade got executed at **:** hours. However in the evening I received my trade and order confirmation where...

Vijayakrishna Muniyangala Ramachandra on Sep 4, 2021

ICICI Direct – Wrong advice to sell stocks and charging for subscription even after telling to cancel it Open

I had asked ICICI direct to cancel my subscription to premium portfolio. They told me to click on exit portfolio for that. Once I did that they realized it was a wrong advice. I had sold the stocks in portfolio as a...