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Open a trading account online on ICICI Direct

by | Jun 24, 2024 | Income Tax | 0 comments

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Important Keyword: F&O Trading, Trading Income.

Open a trading account online on ICICI Direct

You can open a trading account online with ICICI Direct. The transformation of stock markets from an open outcry system to an electronic system has made trading more efficient and accessible. A trading account functions as an investment account that electronically holds your cash or securities, allowing you to buy or sell these securities in the stock market. Stock traders use online trading platforms to trade various instruments such as shares, securities, commodities, and currencies.

For income tax purposes, earnings from activities like Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading are classified as Business Income.

Steps to open a trading account online on ICICI Direct

  1. Visit the ICICI website.
    Navigate to the website and fill your PAN, Date of Birth and Name on. Click on Next.

    icici create demat account
  2. Fill in your details.
    Including:
    -Email id
    -Mobile no.
    -Pincode

    icici details
  3. OTP Verification.
    Enter the OTP that you receive on your registered mobile number.
  4. Set a New Password.
    Enter a new password.

    icicidirect set password
  5. Link your bank account.
    If you have an ICICI bank account just enter the account number. Click on Next.

    icici link bank
  6. In case you don’t have an ICICI Bank account. Click on Continue.
    Give access of DigiLocker to ICICI direct by logging into your DigiLocker account.

    icici bank acc link
  7. Complete your DigiLocker Verification.
    Press Continue once you finish the verification.

    icici digi locker
  8. Upload PAN and photo.
    Fill in your personal and financial details.
  9. Next you need to do an In-Person Verification (IPV) on webcam.
    E-sign using Aadhaar. After that enter your Aadhaar number.
  10. ICICI Direct Trading Account Login
    After 24 hours. you can log in to your account.

    icicidirect login

Read More: Kotak Securities: Download Holding Statement for Traders

Web Stories: Kotak Securities: Download Holding Statement for Traders

Official Income Tax Return filing website: https://incometaxindia.gov.in/

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