Beware of ICICI Bank., It is one of the most unethical shady banks in the operation in the Indian market today. Services are the most shoddy and they loot the customers at their own will. They employ undergraduates temps(temporary Workers) who cannot even comprehend customer issues. Their marketing agents will misinform you on the products and entice you to use their services and once you start an account they will fleece you left right center. I myself had opened a zero balance account with ICICI webtrade for online trading, without intimating me they started deducting Rs 750 per quarter from my account for non maintenance of quarterly balance. They did not even have the courtesy to inform the customers that they have changed their policy for the zero balance account . The web trade account opening form clearly mentioned it was a zero balance account. They nearly siphoned out Rs 5, 000 + over a period of 3 years
Now comes the ICICIdirect website.The ICICI webtrade site is the most sloppy site most of the trading days it does not work, If it does work it works on Sundays and Public Holidays no wonder it is maintained by 3i infotech their sister company. One just cannot use thier web trade services. Transaction charges are so high that other than the buffoon kamath no one else will make money.
So if you open an ICICI direct account you are sure to lose money however smart you trade.
If you go to the ICICI branch for any support you will lose one working half day , since all the customers you see in an ICICI Branch has come to clear some or other mess the ICICI staff create. The RBI should also conduct an enquiry of how such a bank operates with temporary contract staff.
ICICI demat charges are the highest. Frustrated with thier services on 31st March 2005 I closed my demat account IN 300183 13106422 and my trading account but still they have billed me annual charges till March 31 2006.Do you think I can take this Kamath Joker to consumer court, I have heard numerous incidents from my freinds and relatives of how ICICI Web trade and the ICICI Group has cheated and fleeced them.
The Call Center welcome script should be changed to Hum Hain Na Acha lagta hai Hum Har Wakt Tumhe Luttae hai. Har Dagar Par Har Safar Mein Hum Hain Na Tumhe Lutne Ne Ke Liye La La La La La La .Hum Hain Na.
In short any transactions/Services with any of these Joker Kamat /ICICI Group(banking, Insurance, loans, Cards, trading....) be doubly careful else they will defraud/fleece you out.
Stay Away from ICICI.
Next time a ICICI Marketing Executive visits you throw him out of the Window.
ICICI Sucks.