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
9.65% 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) %
17.99
17.99
16.49
9.65
9.65
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
17.99%
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)
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
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.
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.
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.
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).
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Gaurav
Nice Review
bhagwat Jain
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
bhagwat Jain
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.