What are the Documents Required for Opening an Account with ICICI Direct?
When venturing into the world of investing, opening a Demat account is a crucial first step. ICICI Direct, a prominent player in the brokerage industry, requires specific documents for the account setup process. Additionally, it’s essential to be aware of the associated charges, including Account Maintenance Charges. In this article, we’ll delve into the documents needed to open a Demat account with ICICI Direct and shed light on what Account Maintenance Charges entail.
Required Documents for Demat Account Opening
Following are the list of documents you need to open demat account in ICICI Direct:
Proof of Identity (POI):
To establish your identity, ICICI Direct accepts documents like Aadhar card, PAN card, Voter ID card, Passport, Ration Card, Driving License, and various government-issued photo ID cards.
Proof of Address (POA):
For address verification, you can submit documents such as Passport, Voter ID card, Ration card, Aadhar card, Driving License, Registered Lease or Sale Agreement of Residence, and other official proofs.
Proof of Income:
In case you plan to engage in derivative trading, providing proof of income becomes necessary. This can be accomplished through documents like Income Tax Returns, net worth certificate issued by a Chartered Accountant, salary slips from a registered employer, or bank statements reflecting monthly income.
Proof of Bank Account:
A canceled cheque bearing your name and the bank’s IFSC code is required to link your existing bank account with the Demat account.
PAN Card:
Irrespective of the bank or broker, possessing a PAN card is mandatory for opening a Demat account.
Passport-Sized Photographs:
Include 1 to 3 passport-sized photographs as a standard requirement for the account opening process.
Attesting Documents
Certain documents may need attestation by a gazetted officer to verify their authenticity. ICICI Direct recognizes various officials who are authorized to certify documents, including armed forces officers, magistrates in judicial services, government doctors, engineers, and many others.