ICICI Direct Brokerage Charges, Fees, AMC, Transaction Charges 2020


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ICICI Direct is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group, India's top financial service provider offering banking and other financial services. ICICI Secur... Know more about ICICI Securities Pvt Ltd.

ICICI Direct Account Charges

ICICI Direct offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with ICICI Direct. ICICI Direct fee structure and trading commission rates are explained as below.

To open ICICI Direct account you have to pay account opening charges and annual maintenance charges (AMC).

ICICI Direct Account Open Charges | ICICI Direct AMC 2020

TransactionFee
Trading Account Opening Charges (One Time)₹0
Trading Annual Maintenance Charges AMC (Yearly Fee)₹0
Demat Account Opening Charges (One Time)₹0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)₹700 (from 2nd year)
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

ICICI Direct Brokerage Charges 2020

Customer pays a commission (brokerage) when buying or selling stocks through ICICI Direct. The brokerage charges for equity, commodities and currency derivative trading for ICICI Direct are explained as below.

ICICI Direct 3-in-1 Account (I-Secure Plan)

SegmentBrokerage Fee
Monthly Fee (Fixed)
Equity Delivery0.55%
Equity Intraday0.275%
Equity Futures0.05% to 0.03%
Equity Options₹95 to ₹35 per lot
Currency Futures0.050% to 0.030%
Currency Options₹25 to ₹10 per lot
Commodity FuturesNA
Commodity OptionsNA

ICICI Direct I-Saver Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)
Equity Delivery0.75% to 0.25%
Equity Intraday0.75% to 0.25%
Equity Futures0.05% to 0.03%
Equity Options₹95 to ₹65 per lot
Currency Futures0.05% to 0.03%
Currency Options0.25 to ₹65 per lot
Commodity FuturesNA
Commodity OptionsNA

ICICI Direct ICICIdirect Prime Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)₹900
Equity Delivery0.25%
Equity Intraday0.25%
Equity Futures0.025%
Equity Options₹35
Currency Futures₹0
Currency Options₹0
Commodity FuturesNA
Commodity OptionsNA
ICICI Direct Special Offer

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.


ICICI Direct Demat Account Charges 2020

The Demat account transactions are charged separately from the trading commission. Find ICICI Direct Demat account charges 2020.

ICICI Direct Depository Service Charges for Resident Retail Customers

Sr Particulars Charges
1 Account Opening Charges Nil
2 Annual Service Charges (AMC) ₹700
3 Buy - Market and Off-Market Nil
4 Sell - Market and Off-Market (Maximum ₹500 for debt instruments / Nil for Trades done on www.icicidirect.com)
  * Instruction submitted through Internet (E-inst / IVR) 0.04% (Minimum ₹30 and Maximum ₹25,000)
  * Instruction submitted through Call Centre 0.04% (Minimum ₹35 and Maximum ₹25,000)
  * Instruction submitted at Branches 0.04% (Minimum ₹40 and Maximum ₹25,000)
5 Rejection/fails ₹30
6 Extra charges for the processing of TIFDs submitted late (% of transaction value)  
  * Instruction submitted through Internet (Einst/IVR) Nil
  * Instruction submitted through Call Centre Nil
  * Instruction submitted at branches (accepted at Client's risk) ₹10 per ISIN
(Nil for e-instructions)
7 Dematerialisation  
  * For each request form ₹50
  * Extra for each certificate ₹3
8 Rematerialisation A fee of ₹25 for every hundred securities or part thereof, subject to a maximum fee of ₹3,00,000 or a flat fee of ₹25 per certificate, whichever is higher.
9 Reconversion of MF units ₹25 per instruction
10 Closure of Account Nil
11 Pledge Creation/Closure/Confirmation/ Invocation  
  * If, ICICI Bank is counterparty 0.02% (Minimum ₹35 and Maximum ₹25,000)
  * If, ICICI Bank is not counterparty 0.04% (Minimum ₹45 and Maximum ₹25,000)
12 Additional Account Statements ₹20
13 Reissuance of Delivery Instruction Slip (DIS) ₹50 per booklet

ICICI Direct Transaction Charges (Exchange Turnover Charge)

A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .

ICICI Direct Transaction Charges 2020

SegmentTransaction Fee
Equity DeliveryNSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side)
Equity IntradayNSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side)
Equity Futures₹180 per Cr (0.0018%)
Equity Options₹5000 per Cr (0.05%) (on premium)
Currency Futures₹120 per Cr (0.0012%)
Currency Options₹5000 per Cr (0.05%) (on premium)
CommodityNA

ICICI Direct Trading Taxes

ICICI Direct charges government taxes and fees in addition to the brokerage. These ICICI Direct trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the ICICI Direct tax calculation.

ICICI Direct Tax on Trading

Tax ICICI DirectRates

Securities Transaction Tax (STT)

  • Equity Delivery: 0.1% on both Buy and Sell
  • Equity Intraday: 0.025% on the Sell Side
  • Equity Futures: 0.01% on Sell Side
  • Equity Options: 0.05% on Sell Side(on Premium)
  • Commodity Futures: 0.01% on sell side (Non-Agri)
  • Commodity Options: 0.05% on sell side
  • Currency F&O: No STT
  • On Exercise transaction: 0.125%
  • � Right to entitlement: 0.05% on sell side

Exchange Transaction Charges

Refer table above

GST

18% on (Brokerage + Transaction Charge + SEBI Fee)

SEBI Charges

0.00005% (₹5/Crore)

Stamp Duty

(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.

Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)

ICICI Direct Special Offer

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

Frequently Asked Questions

  1. 1. How much ICICI Direct charges?

    ICICI customer pays ₹975 one-time fees to open a 3-in-1 account with ICICI Direct. The default brokerage plan offers equity delivery at 0.55%, Intraday at 0.275% each side, Futures at 0.05% and options at ₹95 per lot.

    In addition to brokerage charges, the customer has to pay various government taxes, demat debit transaction charges and annual maintenance change of ₹700.

    ICICI Direct also offers Prepaid Plans and Prime Plans which reduces brokerage rate for frequent traders.

    Visit the ICICI Direct Brokerage Charges page for more detail.

     

  2. 2. How ICICIDirect calculates brokerage?

    ICICIDirect follows a % based brokerage model wherein a percentage of the total trading value is charged subject to a minimum fee. The percentage varies from plan to plan.

    By default, ICICI Direct customers have an I-Secure plan. In this plan, they charge 0.55% brokerage for equity delivery trades and 0.275% for intraday.

    ICICI Direct Brokerage Calculation

    • If you buy 1000 shares of ₹100 each share, you pay ₹550 brokerage + taxes.
    • If you sell 1000 shares of ₹100 each share, you again pay ₹550 brokerages + taxes.

    Note:

    • The ICICI Direct minimum brokerage is ₹35 per trade or 2.5% whichever is lower.
    • Brokerage on stocks priced up to ₹10 is at ₹0.05 per share or ₹35 whichever is higher.

     

  3. 3. How to check brokerage plan in ICICIDirect?

    ICICI offers a range of brokerage plans to its customer. You can check your current brokerage plan by login into your ICICI Direct online trading account. To check the brokerage plan, please take the following steps:

    • Login to your ICICI Direct Account.
    • Go to the Customer Service Page.
    • In the left navigation under 'My Profile' click on 'Select brokerage Plan'.
    • Check your current plan or make changes.

     

  4. 4. What is ICICI Direct brokerage?

    ICICI Direct offers 4 brokerage plans to customers. The brokerage charges vary by these plans.

    1. ICICI Direct I-Secure Plan is the default plan of ICICI Securities customers. It charges 0.55% brokerage on turnover for equity delivery trades and 275% for intraday. This is a postpaid plan which is most commonly proffered by its customer.
    2. ICICI Direct I-Saver Plan offers brokerage based on the trading volume, i.e. high brokerage for low volume and low brokerage for high volume traders. This plan suitable for traders/investors who trade in high volumes and can benefit from the low brokerage. The brokerage charged is in the range of 0.25% to 0.75% for delivery and 0.125% to 0.375% for intraday.
    3. ICICI Direct Prepaid Plan offers a reduced brokerage rate when you buy a prepaid plan. There are 6 prepaid plans available ranging from ₹10,000 to ₹300,000 plan. Each plan is valid for 15 years. The brokerage in ₹10,000 is 0.25% in cash, 0.025% in intra-day and future and ₹35 per lot for options. The brokerage reduces as you move to a higher prepaid plan.
    4. ICICI Direct Prime Plan offers an eATM facility with reduced brokerage charges for a fixed yearly fee of ₹900, ₹4500 or ₹9500. The brokerage in ₹900 Prime Plan is 0.25% in cash, 0.025% in intra-day and future and ₹35 per lot for options. This plan gives ₹10 lakhs eATM daily limit.

     

  5. 5. What is ICICI Direct prime?

    The ICICI Direct Prime is a yearly subscription plan that reduces your brokerage by 50% to 60% and allows you to get the money from the sale of shares back in your trading account on the same day, instead of waiting for T+2 days where T is the day of trading.

    The instant credit facility is known as Equity ATM (eATM). Through eATM, customers receive a credit of funds from sell orders within 30 minutes (as against the current payout cycle of T+2). This fund can be immediately utilized to buy shares or pay for margin.

    Read more detail about the ICICIDirect Prime Plan.

    Note: In a normal settlement cycle, it gets T+2 days (T being the day of the trading) to get your money into your trading account when you sell stocks. In ICICI Direct prime plan, the money is available in your eATM on the same day within 30 minutes thus allowing you to reuse it for trade in the other stocks & securities.

    ICICI Direct Prime Plan Facts

    • The plan has a yearly fee of ₹900, ₹4500 and ₹9500.
    • The funds from sell under ICICI Direct Plans are not available in your bank account on the same day. They are available only in your trading account to buy shares or use as margin for intraday trading.
    • You get instant credit of up to ₹1 Crore when selling stocks without any additional cost. The payout limits differ upon the prime plan you choose.

    ICICI Direct Prime Brokerage Plans

    Prime Plan eATM Daily Limit Brokerage (Equity Cash) Brokerage (Intraday & Futures) Brokerage (Options)

    ₹900 Yearly

    ₹10 Lakhs

    0.25%

    0.025%

    ₹35 per lot

    ₹4500 Yearly

    ₹25 Lakhs

    0.18%

    0.018%

    ₹25 per lot

    ₹9500 Yearly

    ₹1 Crore

    0.15%

    0.015%

    ₹20 per lot

    Steps to subscribe for ICICI Direct Prime Plan

    1. Login to your ICICIDirect.com
    2. Click on "Customer Service' button into the navigation bar
    3. In the left navigation bar, go to 'My Profile' section
    4. Click on the 'Select Brokerage Plan' link
    5. Choose 'Prime Plan' and select one of the prime plans
    6. Submit the request

    The plan subscription fee is automatically deducted from your linked ICICI bank account. You get a confirmation email once the new plan is active.

     

  6. 6. What is eATM in ICICI Direct?

    ICICI Direct Equity ATM (eATM) is a facility wherein you will receive the money from selling shares in 30 minutes into your trading account (not bank account). In a normal settlement cycle, the money is credited on T+2 working day excluding holidays.

    eATM facility is available through ICICI Direct Prime Plan. The prime plans are available at a fixed yearly cost of ₹900, ₹4500 or ₹9500.

    Key Features of eATM orders:

    • Money credited in 30 minutes of the sell
    • The credit of up to ₹1 Crore per day (amount varies by the plan)

    Note: The credit available through eATM is only available in your trading account. This fund can be used to buy shares or paying margin for intraday trading. The funds are not available in your bank account and thus you cannot withdraw the funds.

     

  7. 7. What is ICICI Direct prepaid brokerage plan?

    The ICICI Direct Prepaid Brokerage Plan allows you to trade at 50% to 80% less brokerage charge when you pay an upfront payment of brokerage. The ICICI prepaid brokerage has a validity of 15 years.

    It is like a prepaid mobile phone plan which has validity and you have to pay the money in advance.

    ICICI Direct offers 6 prepaid plans. The brokerage charges reduce when you buy a higher-priced plan.

    For example, the ₹10,000 plan has equity delivery brokerage of 0.25% and the ₹3 lakhs has it at 0.09%. In both cases, it's significantly lower from the default brokerage of 0.55%.

    Visit ICICI Direct Prepaid Brokerage Plan to check the brokerage plans.

    Note:

    • In Intra-day Futures & Options, both buy and sell Legs of trade will be charged as per applicable brokerage rates.
    • Brokerage for Penny Stocks, NCDs and Bonds will be as per the equity trading rates applicable to your prepaid plan.
    • You can exit the plan and take the refund of the unutilized amount after 1 Year from the date of subscription.
    • The prepaid brokerage account is non-transferable.
    • No interest will be paid on the prepaid brokerage plan.
    • The prepaid amount cannot be used for trading.

     

  8. 8. What is bullet brokerage in ICICI Direct?

    The ICICI Direct bullet brokerage allows you to do brokerage free intraday trading which are squared-off within 5 minutes by the customer. ICICI doesn't charge any brokerage for an intraday position squared-off in less than 5 minutes. However, other charges and taxes will be applicable as per your brokerage plan.

    This plan is offered on Intraday Margin plus facility.

     

Contact ICICI Direct / Request Call Back

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

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ICICI Direct Competitors Review

Information on this page was last updated on Monday, October 12, 2020


1 Comments

Raviraj
1. Raviraj  May 15, 2020 06:15 I Like It. | Report Abuse Reply
Details of Plans for mutual fund transactions charges
Jay I
1.1. Jay I  Sep 30, 2020 15:40 I Like It. | Report Abuse
Kindly avoid ICICI Securities. Brokerage is high. I kept my trading account idle, and now operating with India Infoline








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