ICICI Direct Options Brokerage Charges (20 Plan) Explained

Published on Wednesday, April 4, 2018 by Chittorgarh.com Team | Modified on Monday, August 16, 2021

ICICI Direct Options Brokerage Charges (20 Plan) Explained

ICICIdirect options trading brokerage is flat Rs 20 per order irrespective of the size or the number of lots in an order in the NEO plan. The brokerage is applicable on both sides of the trade (buy and sell).

This ICICIdirect options 20 plan is available for Equity, Currency and Commodity Options trading at BSE, NSE and MCX.

ICICIdirect provides research, recommendations and daily trading tips for options trading for free to all customers. It also offers online IPO, Mutual Fund investment, Bonds etc.

ICICIdirect Options trading Advantages

  • Discount brokerage - Flat Rs 20 per order brokerage.
  • Equity Futures Brokerage is Rs 0 (Free) with ICICIdirect Neo.
  • Same brokerage across all trading segments at BSE, NSE and MCX.
  • ICICI Bank is among the most respected company in India.
  • 3-in-1 account for seamless trading experience.
  • Excellent online trading website and mobile trading app.
  • Wide network of branches across India.
  • A relationship manager (RM) is available.

ICICIdirect Options trading disadvantages

  • Equity Delivery brokerage is 0.55%, if you do not opt for Prime/Prepaid plan.
  • Call & Trade is available at an extra charge of Rs 50 per trade.
  • ICICIdirect doesn't offer Direct Mutual Funds.

ICICIdirect Options Brokerage

ICICIdirect offers 4 types of brokerage plans to its customers:

  1. ICICIdirect Prime Plan
  2. Lifetime Prepaid Brokerage Plan
  3. ICICIdirect NEO Plan
  4. Option 20

1. ICICIdirect Prime Membership Plan

ICICIdirect Prime membership plan offers reduced brokerage, instant payout when selling stocks (eATM) and exclusive research for options trading for free.

ICICIdirect Prime Plan Brokerage for Options Trading

Prime Plan

Equity Options (Per Lot)

Currency F&O (per order)

Commodity Futures(per order)

Rs 299

Rs 40

Rs 20

Rs 20

Rs 999

Rs 35

Rs 20

Rs 20

Rs 1,999

Rs 25

Rs 20

Rs 20

Rs 2,999

Rs 20

Rs 20

Rs 20

2. ICICIdirect NEO Plan

ICICIdirect NEO Plan is a discounted brokerage plan launched in early 2021. This plan offers Zero brokerage in Equity Future, Rs. 20 per order in Equity Intraday, Options, Currency and Commodity.

ICICIdirect Neo plan comes with one-time subscription fee of Rs.299 only.

ICICIdirect Neo Plan details

  • Scheme Validity: Lifetime 
  • Equity Futures: Zero Brokerage for all future trades
  • Equity Intraday: Rs.20 per order unlimited
  • Options: Rs.20 per order unlimited
  • Currency & Commodity Derivative: Rs.20 per order unlimited
  • Margin Trading Interest: 0.025% Per day only
  • Demat AMC: Rs. 300

Note: Customer can take Prime Membership along with ICICIdirect NEO plan to reduce brokerage across all products.

ICICIdirect Options 20 plan Brokerage



Yearly Fee

Rs 299 Prime Membership

Equity Options

Rs 20 per order

Currency F&O

Rs 20 per order

Commodity F&O

Rs 20 per order

Equity Future

Rs 0 per order (FREE)

Equity Delivery


3. Lifetime Prepaid Brokerage Plan

ICICIdirect Lifetime Prepaid Brokerage plan has revised its Lifetime prepaid rates to half. With this plan, customers can save more than 50% of brokerage across all products.

Benefits of Lifetime Prepaid Brokerage Plan 

  • Reduce more than 50% reduction in brokerage 
  • Buy Stock and pay later at just 8.9% p.a.
  • Payout within 30 minutes on selling shares
  • Validity of plan is for 15 years
  • Customers can get the refund of the un-utilized amount after one year
  • Options brokerage in the prepaid plan.

ICICIdirect Options Trading Prepaid Brokerage Plan

Prepaid Plan Options (Rs per lot) Currency F&O (per order) Commodity Futures (per order)

Rs 5,000




Rs 12,500




Rs 25,000




Rs 50,000




Rs 100,000




Rs 150,000




4. ICICIdirect Option 20

ICICIdirect offers a unique brokerage plan for the Options trader. The Plan offers the best of rates in Options at Rs.20 per order and only Rs.5 per lot.

To give you an example, if you trade in 20 lots of Nifty Contract with your standard brokerage plan, you will have to pay Rs.1900, whereas, with the Option 20 plan, you will pay just Rs.120 for the entire transaction. In addition, this brokerage comes for both Intraday and Carry forwarded trades in Options at no cost.

In addition to the above, this plan also offers you to trade in a small premium of less than Rs.5 and square off your position within 5 minutes, the per lot Brokerage gets eliminated on your transaction. This means you will pay only Rs.20 for the entire order.


ICICIdirect is the leading full-service broker offering online options trading for flat Rs 20 per trade (NEO plan) with one-time subscription fee of Rs 299. To reduce brokerage across all products, subscribe to yearly Prime Plan starting at Rs. 299 (Prime Plan). They charge brokerage that is equivalent to leading discount brokers like Zerodha and Upstox. But there are few catches like yearly subscription fee, high equity delivery brokerage (0.55%), high Call & Trading charges (Rs 50 per order).

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3. Ankit Rambhia   I Like It. |Report Abuse|  Link|Jan 31, 2022 7:33:33 PMReply
Worst service ever
on 27th jan 2022(Monthly expiry) i bought 4000 quantity of Maruti Suzuki 8700 CE (Average price around 8)
they squared of my position at 1.33 pm at 0.5 paisa without any intimation/Consent.
due to this i lost more than 5lacs as at 2.45 premium went above 135/-
so 4000 * 135
2. Martin   I Like It. |Report Abuse|  Link|Nov 11, 2021 9:14:58 PMReply
ICICI Neo Plan is worst plan in the market, it is a day time Robbery by the bank.
1. Martin   I Like It. |Report Abuse|  Link|Sep 18, 2021 1:20:55 PMReply
Neo Plan does not give any advantages, as ICICI start deducting daily interest of ~ 12%/year! Does not make profitable trading!