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ICICIdirect - Prepaid Brokerage Plan

Published on Tuesday, November 27, 2018 by Chittorgarh.com Team | Modified on Thursday, May 19, 2022

ICICIdirect - Prepaid Brokerage Plan

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:


ICICIdirect Lifetime Prepaid Brokerage Plan Features

  • Choose from the seven brokerage plans.
  • Payout within 5 mins on the selling of shares.
  • One-time fee to be paid at the start of the plan.
  • Minimum fee limit of Rs 2,500 and maximum of Rs 1 lakhs.
  • Buy stock and pay later at just 7.90% p.a. with Margin Funding.
  • The validity of the plan is for 15 years to Valid for lifetime, even after you have completely utilized your prepaid balance.
  • 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 5 minutes instead of T+2 days.
  • Free lookup period of 7 days available (wherein you can unsubscribe the plan within 7 days of plan selection if the plan does not work for you as expected).

ICICI Prepaid Brokerage Plan

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:

  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. Brokerage of 0.15% shall be applicable on Physical Delivery of F&O Contracts irrespective of existing chosen plan.

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 Offer

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 5 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 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.

     

     

  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 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.

     

     

  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?

    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.

     

     

  5. 5. Can I withdraw unutilised balance?

    Yes, after completion of one year from the subscription you can get a refund of the unutilised amount.

     

     

  6. 6. Can I upgrade my prepaid plan to higher prepaid plan?

    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.

     

     

  7. 7. Can customer check the Prepaid card balance?

    Yes, the customer can check the prepaid card balance. Follow the below steps to check the prepaid card balance:

     

     

  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   I Like It. |Report Abuse|  Link|Dec 13, 2019 6:55:15 PMReply
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?