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What is an 'eATM Order'?

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eATM' which stands for 'Equity-ATM' is a facility offered by ICICIdirect wherein the customer receives funds payout within 5 minutes of executing a cash sell transaction. The customer does need not to wait for T +2 days to receive the funds.


5 Comments

5. SUDDHODAN ROY   I Like It. | Report Abuse |   Link | Aug 6, 2021 11:30:47 AM Reply
The balance withheld amount after paying the 99 % gross in the eATM scheme, is not returned. What are the items of charges deducted ? Is ICICIDirect also charging interest for 2 days on the gross amount, since 99 % of the funds are being paid within 30 minutes ? In such a case, what is the annualised rate of interest ?
4. ARUL KUMAR   I Like It. | Report Abuse |   Link | May 3, 2021 4:17:35 PM Reply
HI SIR, DURING SELL THE STOCK 20 % OF MONEY IS WITHHELD, WHEN THE MONEY IS CREDITED IN MY ACCOUNT
3. Rahul Desai   I Like It. | Report Abuse |   Link | Jul 21, 2020 8:23:34 PM Reply
I have an amount with held at the end of the e ATM sell transaction under - Fund Allocation as on 20/07/2020. When will this amount be released and credited to my linked bank account?
2. H Panchal   I Like It. | Report Abuse |   Link | Jul 20, 2020 4:59:29 PM Reply
When i can receive withheld amount ?
1. pinak roy   I Like It. | Report Abuse |   Link | Jul 8, 2020 10:41:51 PM Reply
when the withheld amount of eatm sell transaction is released.
1.1. Team Chittorgarh.com   I Like It. | Report Abuse |   Link | Jul 9, 2020 9:19:13 AM
Dear Sir,
The withheld amount of eATM sell transaction is released on T+2 days where T is the day of your trade execution.

This is inline with standard trade settlement cycle.