Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Published on Tuesday, November 27, 2018 by Chittorgarh.com Team | Modified on Thursday, May 19, 2022
ICICIdirect Account Opening
ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
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 a Lifetime. You can utilize the amount till it gets exhausted and you will continue to enjoy lower brokerage and all other benefits even after you have completely utilised your prepaid balance. They also provide 50 - 87% savings on brokerage.
You have the flexibility to choose from 7 different plans in the Lifetime Prepaid Brokerage Plan. Here are the ICICIdirect Lifetime Prepaid Brokerage Plan rates:
| Prepaid Plan | Eq Cash | Eq Margin/Future | Options/Lot | Currency and Commodity F&O/Order | Daily eATM limit (Rs) | MTF Interest Rates (% p.a) |
|---|---|---|---|---|---|---|
| Rs 2,500 | 0.25% | 0.025% | Rs 35 | Rs 20 | Rs 10 lakhs | 12.90% |
| Rs 5,000 | 0.22% | 0.022% | Rs 30 | Rs 20 | Rs 25 lakhs | 12.90% |
| Rs 12,500 | 0.18% | 0.018% | Rs 25 | Rs 20 | Rs 25 lakhs | 11.40% |
| Rs 25,000 | 0.15% | 0.015% | Rs 20 | Rs 20 | Rs 1 Crore | 8.90% |
| Rs 50,000 | 0.12% | 0.012% | Rs 15 | Rs 20 | Rs 1 Crore | 8.90% |
| Rs 75,000 | 0.09% | 0.009% | Rs 10 | Rs 20 | Rs 1 Crore | 8.90% |
| Rs 100,000 | 0.07% | 0.007% | Rs 7 | Rs 20 | Rs 1 Crore | 7.90% |
Note:
| 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
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.
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In the ICICIdirect’s Prepaid plans, you need to make a one-time deposit of brokerage and GST. Once you subscribe to prepaid plans, brokerage for all your transactions gets deducted from the prepaid balance which you have paid. The validity of the plan is lifetime, you can use the amount till it gets exhausted. You will continue to avail all benefits of this plan even after you completely utilised your prepaid balance. After completion of the prepaid card, brokerage and GST will get deducted from your bank account.
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 5 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 5 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.
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-
You can also subscribe by calling ICICI direct customer care.
Prepaid plans are valid for a lifetime. You will continue to enjoy lower brokerage and all other benefits even after you have completely utilised your prepaid balance.
Yes, after completion of one year from the subscription you can get a refund of the unutilised amount.
Yes, you can upgrade your plan once your existing Prepaid card balance reaches 50% or below of the card value. Your upgraded prepaid card will start once your existing prepaid card exhaust.
Yes, the customer can check the prepaid card balance. Follow the below steps to check the prepaid card balance:
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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| Link|December 13, 2019 5:55:15 PMReply
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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