Question: Is Icici Direct NSDL Or CDSL?

Is Icici direct good?

ICICI Direct is an online trading platform of ICICI Securities, one of the largest stock brokers in India.

Here are a few reasons why ICICI Direct is a great choice as a stock broker: Offers 3-in-1 account for smooth and fast online trading..

Is Zerodha account NSDL or CDSL?

If you’ve opened an account with Zerodha before 15th September 2015 you will have an IL&FS(DP) DEMAT account, in that case, your DEMAT will be with NSDL(Depository).

Which brokerage plan is best in Icici direct?

ICICI Direct I-Saver PlanSegmentBrokerage FeeEquity Delivery0.75% to 0.25%Equity Intraday0.75% to 0.25%Equity Futures0.05% to 0.03%Equity Options₹95 to ₹65 per lot5 more rows•Oct 12, 2020

Why is Icici direct brokerage so high?

ICICIDirect Brokerage is VERY EXPENSIVE. The Brokerage can only be reduced by subscribing to ICICIdirect Prime or prepaid brokerage plans. ICICIDirect doesn’t offer commodity trading. ICICI securities minimum brokerage charge as per the official I-Secure Plan is ₹35 per trade; it is extremely high for novice traders.

Is Icici direct better than Zerodha?

ICICI Direct is a retail trading flagship of ICICI Securities and is a full-service stockbroker. … On one hand, Zerodha allows trading at much cheaper overall brokerage while on the other ICICI Direct provides different research reports and intraday tips to its customers.

What are NSDL and CDSL charges?

Though NSDL/CDSL are government institutions, they need to earn a revenue, and the way they earn is by charging a transaction fees whenever shares leave your demat account. Both NSDL/CDSL charge around Rs 5 per debit, that is Rs 5/Scrip/Day (immaterial of how many times you have sold during the day).

Which bank demat account is best?

Best bank to offer demat account in IndiaICICI Bank.HDFC Bank.Kotak Mahindra Bank.Axis Bank.SBI Bank.

Which is better CDSL and NSDL?

Both NSDL and CDSL are depositories, and technically there is no difference between the two. NSDL started in 1996 vs CDSL in 1998. NSDL has NSE as its largest shareholder whereas CDSL has BSE. … NSDL holds more because of a tie up they managed to get with some of the big banks in India.

What is CDSL DP TXN charges?

DP charges are the revenue source for depositories and its participants. DP charges are a flat transaction fee, irrespective of the quantity sold. Hence, the fee charged is per scrip and not the volume sold. So, these charges remain the same whether you sell 1 share or 100 shares.

Is Icici an NSDL or CDSL?

ICICI Securities is the depository participant (DP) with both NSDL and CDSL. National Securities Depository Ltd (NSDL) and Central Depository Services India Ltd (CDSL) are two central securities depositories approved by the Government of India. They are the only two companies to hold your demat account.

How do I know if I have NSDL or CDSL?

The Demat Account has a 16-digit numeric character in case of CDSL, whereas in case of NSDL, the Demat Account number starts with “IN” followed by a 14-digit numeric code. An example of a Demat Account number is CDSL can be 01234567890987654 where an instance of a Demat Account number is NSDL can be IN01234567890987.

What is depository participant name for Icici direct?

DP ID of your demat account in ICICI Direct is a depository identification number allocated to ICICI by NSDL or CDSL depositories. The DP id is part of your demat account number which is a 16 digit alphanumeric code. The first 8 digits represent the DP ID and the last 8 digits is your client ID.