Icici direct
Spurious charges for closing of Demat Account

I've already sent a written letter to ICICI Direct to close my Demat A/C on 30th March.

The lady from ICICI called me and told me that I've to pay Rs 861/- to close my account. This

amount includes yearly fees and some penalty (because I want to shift to another Demat A/C).

This is a second case in row that I'm informing about the fraud committed by ICICI Direct.

They have no explanation about the charges and they force me not to close only to save their

business. I don't know why should anybody will ever prefer this sort of unprofessional service

when there are a lot of better service-providers all around. I'ld like to take up this case

to Cusumer court and SEBI. This is height of fraud and I'm highly frustrated after hearing all these

threatenings from ICICI people.

Company: Icici direct
Country: India

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