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 Rs 10,000 plan has equity delivery brokerage of 0.25% and the Rs 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.

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