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ICICIdirect - Prepaid Brokerage Plan

Published on Tuesday, November 27, 2018 by Chittorgarh.com Team | Modified on Monday, August 16, 2021

ICICIdirect - Prepaid Brokerage Plan

The ICICIdirect 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 un-utilised 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 ICICIdirect Lifetime Prepaid Brokerage Plan rates:


ICICIdirect Lifetime Prepaid Brokerage Plan Features

  • Choose from the six brokerage plans.
  • Payout within 30 mins on the selling of shares.
  • One-time fee to be paid at the start of the plan.
  • Minimum fee limit of Rs 5,000 and maximum of Rs 1.5 lakhs.
  • Buy stock and pay later at just 8.90% p.a. with Margin Funding.
  • The validity of the plan is for 15 years.
  • Recharge or top-up facility available.
  • Refund facility available after completion of 1 year.
  • Unutilized funds get 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 Prepaid Brokerage Plan

Prepaid Plan Equity Cash % Equity Margin/Future % Equity Options/Lot Currency F&O/Order Commodity Futures/Order
Rs 5,000 0.25 0.025 Rs 35 Rs 20 Rs 20
Rs 12,500 0.22 0.022 Rs 30 Rs 20 Rs 20
Rs 25,000 0.18 0.018 Rs 25 Rs 20 Rs 20
Rs 50,000 0.15 0.015 Rs 20 Rs 20 Rs 20
Rs 100,000 0.12 0.012 Rs 15 Rs 20 Rs 20
Rs 150,000 0.09 0.009 Rs 10 Rs 20 Rs 20

Note:

  1. GST @18% will be charged on prepaid plans. So, if you plan to take Rs 5,000 plan you need to pay Rs 5,900.
  2. For Intra-day Futures & Options trades, both buy and sell Legs, will be charged separately as per your applicable brokerage rates.
  3. Rs 20 + GST would be charged for each sell 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 ICICIdirect Prepaid Plans

Segment Minimum Brokerage Charges
Delivery Segment Rs 25 or 0.75% whichever is lower
Systematic Equity Plan (SEP) Rs 10 or 0.75% whichever is lower
Margin Trading Rs 15 or 2.5% whichever is lower

Steps to get ICICIdirect Prepaid Plan

  1. Login to ICICIdirect.com.
  2. Go to 'Settings'.
  3. Click on 'My Brokerage Plan'.
  4. Choose 'Prepaid Plan'.
  5. Submit the request.

Note: Customers are requested to maintain the sufficient Net withdrawal balance. The plan subscription fee gets automatically deducted from your linked ICICI bank account. You get a confirmation email once the new plan is active.

*Important: If you select the Prepaid plan before 3.30 PM on any working day, it gets activated on the same day on successful debit. However, if you opt for the Prepaid plan after 3.30 PM, it gets activated from the next working day on successful debit.


Read more...

ICICIdirect Special Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

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 Rs 25,000 would make sense only if your trading volumes are above Rs 15 lakh per annum.

     

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1 Comments

1. Mr. h  Dec 13, 2019 6:55:15 PM I 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?