Revised Depository Service Charges for residents retail customers and corporates w.e.f 01/11/2006

Charge Head Standard Charges Frequent/Sub-brokers Charges A/c Opening Nil Nil Annual Service Charges Rs. 500/- (Rs 450/- for customers receiving statements by e-mail ) Rs. 1250/- (Rs 1200/- for customers receiving statements by e-mail ) Agreement Stamp Paper Rs. 100/- Rs. 100/- Buy - Market and Off-Market Nil Nil Sell - Market and Off-Market (% of transaction value of each ISIN) – Max. Rs. 500 for debt instruments     For trade done on www.icicidirect.com Nil Nil   For instruction submitted through Internet (e-instructions) 0.04% (Min. Rs. 10/-) 0.02% (Min. Rs. 5/-)    For instruction submitted through Call Centre (e-instructions) 0.04% (Min. Rs. 15/-) 0.02% (Min. Rs. 10/-)    For instruction submitted through Branches 0.04% (Min. Rs. 30/-) 0.02% (Min. Rs. 15/-) Rejection/fails Rs. 30 /- Rs. 15/- Extra charges for processing of instructions submitted on the execution date late (accepted at Client's risk)       For instruction submitted through Internet (e-instructions) Nil Nil   For instruction submitted through Call Centre (e-instructions) Nil Nil   For instruction submitted through Branches Rs. 10/- per ISIN Rs. 10/- per ISIN Dematerialisation         For each request form Rs. 35/- Rs. 35/-   Extra for each certifcate Rs. 2/- Rs. 2/- Rematerialisation (For each request form) Rs. 20/- Rs. 20/- Closure of Account Nil Nil Pledge Creation/Closure/Confirmation/ Invocation (% of value for each ISIN in each request)       If ICICI Bank is the counter party 0.02% (Min. Rs. 15/-) 0.02% (Min. Rs. 15/-)   If ICICI Bank is not the counter party 0.04% (Min. Rs. 30/-) 0.04% (Min. Rs. 30/-) Additional Account Statements Rs. 20/- Rs. 20/-

NSDL charges are chargeable extra at actuals. Present NSDL Charges are :

Conditions:

	The value of shares and charges is calculated as per NSDL formula and rates.
	There will be a charge of Rs. 100/- for dishonor of any cheque or unsuccessful attempt to recover payment through direct debit or ECS. The depository services are liable to discontinuation if ICICI Bank is unable to recover charges from the customer for any reason whatsoever. In such cases there will be a charge of Rs. 250/- for resumption of services and the services will be resumed after a minimum of three working days from the date of receipt of request at Central Processing Office, Mumbai.
	Any service that is not indicated above will be charged separately as per the rates applicable from time to time.
	ICICI Bank reserves the right to revise the tariff structure from time to time, with notice of 30 days. The notice may be given by ordinary post or by an advertisement in a national daily.
	If the Demat Account is closed during the year, no pro-rata refund of Annual Service Charge will be made.

There are two options for the recovery of demat service charges:

Option : 1
Customers who have only a depository relationship with ICICI Bank, will be required to pay an advance fee for each Demat Account, which will adjusted against service charges.The customer will also undertake to replenish the balance immediately when it falls below the threshold amount, as specified below :

Option : 2
Customers who have a banking relationship with ICICI Bank will provide a debit authorisation for recovery of charges.