ICICIdirect - Prepaid Brokerage Plan

Published on Tuesday, November 27, 2018 by Chittorgarh.com Team | Modified on Sunday, August 9, 2020

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ICICIdirect - Prepaid Brokerage Plan

The ICICI Direct Lifetime Prepaid Brokerage Plan offers discounted brokerage rates and savings on your transaction cost. In this plan, you need to pay upfront brokerage which will be valid for 15 years. You can utilize the amount within 15 years and you have the option to get the unspent fund returned after 15 years. They also provide 18 - 84% savings on brokerage.

You have the flexibility to choose from 6 different plans in the Lifetime Prepaid Brokerage Plan. Here are the ICICI Direct Lifetime Prepaid Brokerage Plan rates:


ICICI Direct Lifetime Prepaid Brokerage Plan Features

  • 6 choices in the plan
  • One-time Fee to be paid at the start of the plan
  • Minimum fee limit of ₹10,000 and maximum of ₹3 lakhs
  • Brokerage charges reduces with high value prepaid plan
  • Margin funding interest rate from 12.9% per year to 8.9% per year.
  • The validity of the plan is 15 years
  • Recharge or top-up facility available
  • Refund facility available after completion of 1 year
  • Unutilized funds will be refunded at the end of the plan
  • eATM or Equity ATM facility available in which customers can enjoy a reduced payout cycle of 30 minutes instead of T+2 days.

ICICI Direct Prepaid Brokerage Plan

Prepaid Plan Brokerage - Cash Brokerage - Future Brokerage - Options Brokerage - Curr Options eATM Limit Margin Trading Interest Rate
₹10,000 0.25% 0.025% ₹35 per lot 0 ₹10 Lacs 12.9% per year
₹25,000 0.22% 0.022% ₹30 per lot 0 ₹10 Lacs 12.9% per year
₹50,000 0.18% 0.018% ₹25 per lot 0 ₹25 Lacs 11.4% per year
₹100,000 0.15% 0.015% ₹20 per lot 0 ₹1 Cr 8.9% per year
₹200,000 0.12% 0.012% ₹15 per lot 0 ₹1 Cr 8.9% per year
₹300,000 0.09% 0.009% ₹10 per lot 0 ₹1 Cr 8.9% per year

Note:

  1. GST @18% will be charged on prepaid plans. So, if you plan to take ₹10,000 plan you need to pay ₹11,800.
  2. For Intra-day Futures & Options trades, both buy and sell Legs, will be charged separately as per your applicable brokerage rates.
  3. ₹20 Plus + GST would be charged for each debit transaction in your demat account.
  4. For transactions in Penny Stocks, NCD's and Bonds, brokerage as per your prepaid card will be charged.

Minimum Brokerage in ICICI Direct Prepaid Plans

Segment Minimum Brokerage Charges
Delivery Segment ₹25 or 2.5% whichever is lower
Systematic Equity Plan (SEP) ₹10 or 2.5% whichever is lower
Margin Trading ₹15 or 2.5% whichever is lower

Find more detail at:



Frequently Asked Questions

  1. 1. How do ICICI Direct Prepaid plans work?

    In the ICICI direct prepaid plan, you need to make a one-time deposit. The validity of the plan is 15 years and you can use the amount anytime to pay brokerage on your trades. For any transaction done during the validity period, the brokerage will be deducted from the money paid. You can top up the limit whenever it is exhausted.

     

  2. 2. What is ICICI Direct eATM?

    eATM is an abbreviation for Equity ATM. It is a facility offered by ICICIdirect in which a customer would receive the credit of funds within 30 minutes from the time of execution of a sell order in the cash segment. Normally, the payout cycle is of T+2 days but in eATM, the payout cycle is reduced to 30 mins. This helps a trader in managing his funds better and make more trades with the same funds as the fund is not locked for 2 days.

     

  3. 3. How can I subscribe to ICICI Direct Prepaid Brokerage Plan?

    If you already have an ICICI direct trading account, then you can subscribe to the prepaid brokerage plan online. Here are steps for ICICI Direct Prepaid Brokerage plan subscription-

    1. Login to your ICICI trading account
    2. Visit the customer service page
    3. Go to the brokerage plan section
    4. Select the prepaid brokerage plan

    You can also subscribe by calling ICICI direct customer care.

     

  4. 4. What is the validity period of ICICI prepaid brokerage plans?

    The ICICIDirect Prepaid brokerage plan is valid for 15 years. You can use the balance any time during the validity period.

     

  5. 5. Can I exit from ICICI prepaid lifetime brokerage plans?

    Yes, you can exit from the ICICIDirect lifetime Prepaid brokerage plan after completing 1 year. The balance in your brokerage account after adjusting for any dues will be refunded to you. You will then be automatically subscribed to the I Secure brokerage plan. Please note that you have to mandatorily complete 1 year from the date of subscription to get a refund.

     

  6. 6. What happens to my balance money after completion of the validity period of the ICICI Direct lifetime prepaid brokerage plan?

    After the completion of 15 years, The un-utilized brokerage balance after adjusting against any outstanding dues will be refunded and your account will be linked to I Secure Brokerage plan.

     

  7. 7. Will I get interest paid in ICICI prepaid brokerage plan?

    No interest is paid on the Lifetime Prepaid brokerage plan.

     

  8. 8. Should I subscribe to the ICICIdirect lifetime prepaid brokerage plan?

    The plan is best suited for active traders who trade in high volumes. The pre-paid package of ₹25,000 would make sense only if your trading volumes are above ₹15 lakh per annum.

     

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1 Comments

Mr. h
1. Mr. h  Dec 13, 2019 17:55 I Like It. | I Don't Like It. | Report Abuse Reply
Intraday cash segment brokerage only for first leg of trading? Or do we need to pay for both brokerage for both buy and sell side in this plan?








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