extra trade racer charges of Rs.75 deducted every month

Location/place: Mumbai

Name of company/service: Icici bank demat

I had opened a demat account with icicibank in 2004 and they deduct the normal charges on yearly basis.

But recently they hae started this traderacer service which I have not subscribed to. Still they have deducted the amount.
>As checked the Trade Racer facility for your ICICI Trading Account8500378411 is Activated. Trade Racer would be free for customers who give a brokerage of more than Rs 750 in a month . Any customer doing less than Rs 750 per month would be debited nominal charges for of Rs 75 + Service tax towards subscription for Trade Racer. The charges would be debited to the customer if not eligible, at the end of the month.
>In case a customer subscribes mid of the month, he would be levied subscription charges on a pro rata basis. Say, if a customer subscribes to Trade Racer on 6th of month till end of month the charges levied would be Rs. 60 + ST.
>We have already sent the intimation mailers to all our customersregarding Trade Racer chargespertaining to subscription and un subscription at their registered e-mail ID.
>Meghna Desai
>>Customer Service Officer
>ICICI Securities Ltd

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