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Navigate Smart Investments with ICICI Direct Brokerage: Transparent Pricing for Informed Traders | Garv Thakur

 
 
 
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ICICI Brokerage Charges, Transaction Charges

ICICI Direct is a full-service broker that avails its customer for retail trading and investment service from ICICI securities that is the famous and largest stock broker in India. It was incorporated on 9 March, 1995 as ICICI Brokerage Services. The company offers a broad range of investment options to the retail and institutional customers.
The ICICI Securities is part of ICICI Group, the India’s top financial service provider offers several banking and other financial services. It offers various online trading and investment services to customers on major level through the ICICI direct platform.
ICICI Direct avails their customers by providing a complete set of investment products such as online equity trading, derivatives trading, Mutual Fund & IPO, Fixed Deposit, Bonds, NCDs, Wealth products, Home Loans, Loan Against Securities etc, all of it under one login. It is among the most visited investment portals in India.

Brokerage at ICICI Direct

ICICI Direct Brokerage Plans, iValue Plan, Prime Plan, and Moneysaver Plan
The customer pays a commission or brokerage at the time of buying or selling the stocks through ICICI Direct. The amount charged as brokerage in charged for trading in various segments such as equity, commodity and currency derivative. ICICI Direct offers several brokerage plans that suits the needs of the customer. The brokerage From ICICI direct are listed below:

1. iValue Plan
2. Prime Plan
3. Moneysaver Plan

1. iVALUE Plan – Designed for Traders

  • Flat ₹20 per order for Futures, Equity Intraday, Options, and Commodities trades.
  • Demat AMC: ₹300 (Discounted from ₹700 for iVALUE subscribers)

Segment

Brokerage Charges

Order Type

Futures

₹20 per order

Intraday & Carry Forward

Options

₹20 per order

Intraday & Carry Forward

Equity Intraday

₹20 per order

Intraday & Carry Forward

2. ICICI Direct Prime Plan

The Prime Plan is for investors who want lower brokerage and faster payouts.

Key Benefits:
  • Lower Brokerage – Pay as low as 0.07% on delivery trades
  • Save More – Get up to 50% brokerage reduction on all products
  • Instant Payout – Get money within 5 minutes after selling shares
  • Cashless Trading – Buy stocks now, pay later
  • Low Interest – Buy now, pay later at just 9.69% per year


Prime Brokerage Plan Detail

Prime Plan (Rs.)

299
Annual

999
One Time

2999
One Time

4999
One Time

9999
One Time

Cash %

0.25

0.22

0.15

0.1

0.07

Margin %

0.025

0.022

0.015

0.01

0.007

Futures %

0.025

0.022

0.015

0.01

0.007

Options (Per lot)(Rs.)

49

49

29

19

9

Currency & Commodity (Futures and options)

Rs.20

Rs.20

Rs.20

Rs.20

Rs.20

Special MTF Interest rates (Yearly) %

20.49

20.49

16.49

9.69

9.69

Shares As Margin Interest Rate (Futures and Options)

0%

0%

0%

0%

0%

Notes: 18% GST will be applicable on the Prime Plan amount. The validity of Prime 299 plan will be one year, and all other plans subscribed from 10-02-2022 will be Lifetime. Trades executed in the Currency & commodity segment through Call N Trade or your RM/ Advisors will be charged an additional Rs.50/- per order.


3. Moneysaver Plan

Cash%

Margin/Futures %

Options (Per Lot)

Currency & Commodity (Per Order)( ₹)

eATM Limit (₹)

Special MTF Interest Rates (% p.a)

0.29

0.029

49

20

50,000

20.49%


Important Notes:
  • NCD/Bonds Brokerage: 0.25%
  • Penny Stocks Brokerage: 0.29%
  • Plan Migration: Customers shifting from Prime, Prepaid, or Special Brokerage Plans will be moved to the MoneySaver Plan
  • Intraday Square Off: No brokerage on the second leg of intraday cash transactions
  • No Minimum Brokerage: Delivery, Stock SIP, and MTF trades will be charged at 0.29%, regardless of trade value

Example Calculation:

Trade Value

Trade Value

₹1,000

₹2.90

₹10,000

₹29.00


Other Charges

Transaction Charges

This charge is a combination of Exchange Turnover Charge and Trade Clearing Charge.

Segment

Transaction Fee

Equity Delivery

NSE ₹310 per Cr | BSE ₹280 per Cr (0.0028%) (Each Side)

Equity Intraday

NSE ₹310 per Cr | BSE ₹280 per Cr (0.0028%) (Each Side)

Equity Futures

₹180 per Cr (0.0018%)

Equity Options

₹5000 per Cr (0.05%) (On premium)

Currency Futures

₹120 per Cr (0.0012%)

Currency Options

₹5000 per Cr. (0.05) (On Premium)

Commodity

NA

 

Direct Taxes

Securities Transaction Taxes

Segment

Brokerage Charges

Equity Delivery

0.1% on both Buy and Sell

Equity Intraday

0.025%

Equity Futures

0.01% on sell side

Equity Options

0.05% on sell side (On premium)

Commodity Futures

0.001% on sell side (Non-Agri)

Commodity Options

0.05% on sell side

Currency Futures

NA

Currency Options

NA

On Exercise Transaction

0.125%

Right to Entitlement

0.05% on sell side

 

Stamp Duty Charges

Segment

Brokerage Charges

Equity Delivery

0.015% (On buy side)

Equity Intraday

0.003% (On buy side)

Equity Futures

0.002% (On buy side)

Equity Options

0.003% (On buy side)

Currency Futures

0.0001% (On buy side)

Currency Options

0.0001% (On buy side)

Commodity Futures

0.002%

Commodity Options

0.003% (MCX)

 

Important Charges

Segment

Charges

GST

18% on (Brokerage + Transaction Charge + SEBI Fee)

SEBI Charges

0.00005% (₹5/ Crore)

 , 

Comments for Navigate Smart Investments with ICICI Direct Brokerage: Transparent Pricing for Informed Traders | Garv Thakur

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Frequently Asked Questions

Yes, ICICI Prudential Mutual Fund is good. It is a reputed fund house offering the direct mutual fund services. By investing in direct schemes, you can save on commissions and charges. These commissions and charges add up to a significant amount in the long-term.
With this facility, If an order remains unexecuted on a specific trade but you are not required to log in again and place the same orders again. ICICI direct will keep submitting the remaining order to the exchange everyday morning.
While an IPO is open for bidding, the customer can place the order for IPO share anytime (24*7) simply by visiting the ICICI Direct website.
The brokerage charged by ICICI Direct is very expensive. The brokerage charges will be reduced by subscribing to ICICI Direct prime or prepaid brokerage plans. The brokerage charged is very high for the novice traders.
A Limit Price is an order to buy or sell shares at the specified price or a better price. The better price for a buy order will be the lowest possible whereas, for a sell order it will be the highest possible. You need to specify a maximum price for a buy order and a minimum price for a sell order. The order will be executed at the specified price or a lower price for the buy orders or a higher price for sell orders.
The online account opening with the Aadhar based digital signature is not provided to the NRIs. The US based NRIs can open an account online. The paperless process takes just 2 days to open an account once the application is submitted.
The Post IPO is closed the allotment process gets completed within the next 5th working days and on the 6th working day the shares are listed on the exchange.
The ICICI Direct account gets automatically deactivated if it remains unused for 6 months. The account will continue to attract charges. So, in case you are planning to deactivate your account for few days or couple of months then it does not make much difference whether it is active or deactivated.
ICICI Direct is an integrated account of trading, demat and bank accounts. In such accounts, all the accounts are linked together to facilitate the customers with the smooth and faster trading. All the accounts are opened altogether at once by filling a single application form.
“Convert to Delivery” (CTD) in ICICI Direct is an option where in the customers can convert your intraday positions (margin buy) into cash delivery. The customer can convert the entire order or a part of it. The customers is required to pay the entire trading value (100% margin) while converting the order.
Only one IPO application is allowed per savings bank account with the ICICI Bank.
The ICICI Direct customers can open a demat account for free of cost. The customers planning to open a ICICI trading account along with the demat account will be charged ₹975 for opening the account.
No, ICICI Direct does not provide trading services in the commodity segment.
Yes, you can withdraw an IPO application while the IPO is still open. Simply visit ICICI direct website, visit the IPO order book for placing a withdrawal request.
The ICICI direct bullet brokerage allows the customers to trade in Intraday for free brokerage. They will square off within 5 minutes by the customer. ICICI does not charge any brokerage for the intraday position squared-off in less than 5 minutes. However, the other charges and taxes will be applicable as per their brokerage plan. This plan is offered on the Intraday Margin plus facility.
ICICI Direct Equity ATM (eATM) is the facility where the customers receive money from selling the shares in 30 minutes into their trading account. In a normal settlement cycle, the money is credited to their T+2 working day excluding holidays.
ICICI Direct Cloud Order facility designed for placing the quick orders. Instead of filling the order form while the market is on, you could prepare and save a number of orders well in advance. Such orders remain in the cloud order queue until you delete them. These orders are not sent to the exchange until they place the order.
ICICI Direct offers both the NSDL and CDSL depositories for the demat account. The customers can select any one of them at the time of opening an account. The ICICI Securities is the depository participant with both the NSDL and CDSL.
In order to convert an Intraday position to delivery (Cash Segment), you need to click on the “Convert to Delivery” (CTD) link on the “Margins Positions” page. You can convert a position in full or part. The CTD would require the full payment of the trading value.
IOC order in ICICI Direct is an abbreviation for “Immediate or Cancelled” order. It is a type of order validity that you have to select while placing a buy or sell order. The other options in order validity are ”Day” and “VTC” (Valid Till Cancelled).

ICICI Direct Reviews