ICICI Direct Brokerage Review, Transaction Charges

 
 
 
 
 

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ICICI Brokerage Charges, Transaction Charges

ICICI Direct is a full-service broker that avails its customer for retail trading and investment service from ICICI securities that is the famous and largest stock broker in India. It was incorporated on 9 March, 1995 as ICICI Brokerage Services. The company offers a broad range of investment options to the retail and institutional customers.
The ICICI Securities is part of ICICI Group, the India’s top financial service provider offers several banking and other financial services. It offers various online trading and investment services to customers on major level through the ICICI direct platform.
ICICI Direct avails their customers by providing a complete set of investment products such as online equity trading, derivatives trading, Mutual Fund & IPO, Fixed Deposit, Bonds, NCDs, Wealth products, Home Loans, Loan Against Securities etc, all of it under one login. It is among the most visited investment portals in India.

How much brokerage does icicidirect charge

ICICI Direct Brokerage Plans
The customer pays a commission or brokerage at the time of buying or selling the stocks through ICICI Direct. The amount charged as brokerage in charged for trading in various segments such as equity, commodity and currency derivative. ICICI Direct offers several brokerage plans that suits the needs of the customer. The brokerage From ICICI direct are listed below:
1. ICICI Direct Prime Plan.
2. ICICI Direct Neo Plan.
3. ICICI I-Secure Plan.
4. Prepaid Brokerage Plan.


ICICI Direct Prime Plan

Prime Plan (₹)

Total amount with GST (₹)

Scheme Validity (in days)

Cash %

Margin/ Futures %

Options (Per Lot)

Currency Futures & Options (Per Order)

Commodity Futures (Per Order)

eATM Limit (₹)

Special MTF Interest rates/ LPC (yearly)

299

352.82

365

0.27

0.027

 ₹40

₹ 20

 ₹20

2.5 lakhs

14.90%

999

1,178.82

365

0.22

0.022

₹35

₹20

 ₹20

10 lakhs

12.90%

1,999

2,358.82

365

0.18

0.018

₹25

 ₹20

 ₹20

25 lakhs

10.40%

2,999

3,538.82

365

0.15

0.015

 ₹20

 ₹20

 ₹20

1 Cr

8.90%

3,999

4,718.82

365

0.12

0.012

 ₹15

₹20

 ₹20

1 Cr

8.90%

4,999

5,898.82

365

0.1

0.01

 ₹10

 ₹20

 ₹20

1 Cr

7.90%

Savings as compared to I-Secure brokerage plan @0.55%

Prime Plan (₹)

Delivery Brokerage Rates (%)

Futures & Margin (%)

Prime Brokerage on Options (Per lot)

Savings in Delivery Brokerage Rates (as compared to I-Secure)

Savings in Futures & Margin brokerage Rates

Savings in Options (Per lot)

299

0.25

0.027

 40

51%

46%

58%

999

0.22

0.022

 35

60%

56%

63%

1999

0.18

0.018

 25

67%

64%

74%

2999

0.15

0.015

 20

73%

70%

79%

3999

0.12

0.012

 15

78%

76%

84%

4999

0.1

0.01

 10

84%

80%

89%


Following is the Minimum Brokerage Charged

Plan

Delivery Segment

SEP

Margin Segment

Transaction up to in (₹)

Brokerage in (₹) or in %

Transaction up to in (₹) 

Brokerage in (₹) or in %

Transaction up to in (₹)

Brokerage in (₹) or in %

299

9,259

 

 

₹25 or 0.75 % whichever is lower

4,000

 

 

₹10 or 0.75 % whichever is lower

55,555

 

 

₹15 or 2.5 % whichever is lower

999

11,363

4,545

68,182

1999

13,889

5,556

83,333

2999

16,667

6,667

1,00,000

3999

20,833

8,333

1,25,000

4999

25,000

10,000

1,50,000

Note:
• Brokerage of 0.15% is applicable on physical delivery of F&O contract regardless of the brokerage plan.


ICICI Direct Neo Plan

Segment

Brokerage Charges

Monthly Fee (Fixed)

N/A

Equity Delivery

0.55%

Equity Intraday

₹20 per order

Equity Futures

₹0 (Nil)

Equity Options

₹20 per order

Currency Futures

₹20 per order

Currency Options

₹20 per order

Commodity Futures

₹20 per order

Commodity Options

₹20 per order

Note:
• Brokerage of 0.15% is applicable on physical delivery of F&O contract regardless of the brokerage plan.

ICICI Direct I-Secure Plan

 

BROKERAGE IN CASH

Total Eligible Turnover (Per calendar Quarter)

Brokerage (%)

Second Leg of Intraday Trades

Effective Brokerage on Intraday Square off

Irrespective of turnover

0.55

Nil

0.275%

 

BROKERAGE IN FUTURE, FUTURE PLUS AND FUTURE PLUS STOP LOSS

For Equity Futures

Equity Future and Future Plus

Brokerage (%)

Flat Brokerage on other leg of Intraday square off

0.050

 50/-

 

BROKERAGE IN CURRENCY FUTURES & FUTURE PLUS STOP LOSS

Currency Futures & Futures Plus Stop Loss

₹20 Per Order

 

BROKERAGE IN COMMODITY FUTURES

Commodity Futures

₹20 Per Order

 

BROKERAGE IN OPTIONS & OPTION PLUS

Flat brokerage per contract lot

Flat Brokerage on Second leg of Intraday square off (per lot)

₹95/-

 ₹50/-

 

BROKERAGE IN COMMODITY FUTURES

Currency Option

₹20 Per Order

 

Note:
• GST@18% will be charged on the Total brokerage value.
• Brokerage of 0.15% is applicable on physical delivery of F&O contract regardless of the brokerage plan.

ICICI Direct Lifetime Prepaid Brokerage Plan

This lifetime prepaid brokerage plan has a validity of 15 years. You can choose from 7 innovative plans as per your choice.

Prepaid Plan (₹)

Total amt with GST (₹)

Cash %

Margin/ Futures %

Options (per lot)

Currency Futures & Options (per Order)

Commodity Futures (Per Order)

eATM Limit
(₹)

2,500

2,950

0.25

0.025

 35

₹20

₹20

10 Lakhs

5,000

5,900

0.22

0.022

 30

₹20

₹20

25 Lakhs

12,500

14,750

0.18

0.018

 25

₹20

₹20

25 Lakhs

25,000

29,500

0.15

0.015

 20

₹20

₹20

1 Cr

50,000

59,000

0.12

0.012

 15

₹20

₹20

1 Cr

75,000

88,500

0.09

0.009

 10

₹20

₹20

1 Cr

1,00,000

1,18,000

0.07

0.007

 7

₹20

₹20

1 Cr


Savings as compared to I-Secure brokerage plan @0.55%

Prepaid Card Value

Delivery Brokerage Rates (in %)

Futures and Intra-day Margin / Margin Plus (as per Prepaid Brokerage plan) in %

Prepaid Brokerage on Options (in Per lot)

Savings in Delivery Brokerage Rates (I-Secure)

Savings in Futures Intra-day brokerage Rates

Savings in Options (in Per lot)

2,500

0.25

0.025

₹35

55%

50%

63%

5,000

0.22

0.022

 ₹30

60%

56%

68%

12,500

0.18

0.018

 ₹25

67%

64%

74%

25,000

0.15

0.015

 ₹20

73%

70%

79%

50,000

0.12

0.012

₹15

78%

76%

84%

75,000

0.09

0.009

 ₹10

84%

82%

89%

1,00,000

0.07

0.007

₹7

87%

86%

93%


Following is the Minimum Brokerage Charged

Prepaid Card in (₹)

Delivery Segment

SEP

Margin Segment

Transaction up to in (₹)

Brokerage in (₹) or in %

Transaction up to in (₹)

Brokerage in (₹) or in %

Transaction up to in (₹)

Brokerage in (₹) or in %

2,500

10,000

 

 

₹25 or 0.75 % whichever is lower

4,000

 

 

₹10 or 0.75 % whichever is lower

60,000

 

 

₹15 or 2.5 % whichever is lower

5,000

11,364

4,545

68,182

12,500

13,889

5,556

83,333

25,000

16,667

6,667

1,00,000

50,000

20,833

8,333

1,25,000

75,000

27,778

11,111

1,66,666

1,00,000

35,714

14,285

2,14,285


Below are the Late Payment/ Interest charges on outstanding payment after the pay-in date for positions taken under Margin - Client Square Off mode in BSE and NSE.

Prepaid Card (Rs.)

Annual Rate

Daily Rate

2,500

12.90%

0.04%

5,000

12.90%

0.04%

12,500

11.40%

0.03%

25,000

8.90%

0.02%

50,000

8.90%

0.02%

1,00,000

7.90%

0.02%

Note:
• Brokerage of 0.15% is applicable on physical delivery of F&O contract regardless of the brokerage plan.


Other Charges

Transaction Charges

This charge is a combination of Exchange Turnover Charge and Trade Clearing Charge.

Segment

Transaction Fee

Equity Delivery

NSE ₹310 per Cr | BSE ₹280 per Cr (0.0028%) (Each Side)

Equity Intraday

NSE ₹310 per Cr | 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)

Commodity

NA

 

Direct Taxes

Securities Transaction Taxes

Segment

Brokerage Charges

Equity Delivery

0.1% on both Buy and Sell

Equity Intraday

0.025%

Equity Futures

0.01% on sell side

Equity Options

0.05% on sell side (On premium)

Commodity Futures

0.001% on sell side (Non-Agri)

Commodity Options

0.05% on sell side

Currency Futures

NA

Currency Options

NA

On Exercise Transaction

0.125%

Right to Entitlement

0.05% on sell side

 

Stamp Duty Charges

Segment

Brokerage Charges

Equity Delivery

0.015% (On buy side)

Equity Intraday

0.003% (On buy side)

Equity Futures

0.002% (On buy side)

Equity Options

0.003% (On buy side)

Currency Futures

0.0001% (On buy side)

Currency Options

0.0001% (On buy side)

Commodity Futures

0.002%

Commodity Options

0.003% (MCX)

 

Important Charges

Segment

Charges

GST

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

SEBI Charges

0.00005% (₹5/ Crore)

 , 

Frequently Asked Questions


Yes, ICICI Prudential Mutual Fund is good. It is a reputed fund house offering the direct mutual fund services. By investing in direct schemes, you can save on commissions and charges. These commissions and charges add up to a significant amount in the long-term.
With this facility, If an order remains unexecuted on a specific trade but you are not required to log in again and place the same orders again. ICICI direct will keep submitting the remaining order to the exchange everyday morning.
While an IPO is open for bidding, the customer can place the order for IPO share anytime (24*7) simply by visiting the ICICI Direct website.
The brokerage charged by ICICI Direct is very expensive. The brokerage charges will be reduced by subscribing to ICICI Direct prime or prepaid brokerage plans. The brokerage charged is very high for the novice traders.
A Limit Price is an order to buy or sell shares at the specified price or a better price. The better price for a buy order will be the lowest possible whereas, for a sell order it will be the highest possible. You need to specify a maximum price for a buy order and a minimum price for a sell order. The order will be executed at the specified price or a lower price for the buy orders or a higher price for sell orders.
The online account opening with the Aadhar based digital signature is not provided to the NRIs. The US based NRIs can open an account online. The paperless process takes just 2 days to open an account once the application is submitted.
The Post IPO is closed the allotment process gets completed within the next 5th working days and on the 6th working day the shares are listed on the exchange.
The ICICI Direct account gets automatically deactivated if it remains unused for 6 months. The account will continue to attract charges. So, in case you are planning to deactivate your account for few days or couple of months then it does not make much difference whether it is active or deactivated.
ICICI Direct is an integrated account of trading, demat and bank accounts. In such accounts, all the accounts are linked together to facilitate the customers with the smooth and faster trading. All the accounts are opened altogether at once by filling a single application form.
“Convert to Delivery” (CTD) in ICICI Direct is an option where in the customers can convert your intraday positions (margin buy) into cash delivery. The customer can convert the entire order or a part of it. The customers is required to pay the entire trading value (100% margin) while converting the order.
Only one IPO application is allowed per savings bank account with the ICICI Bank.
The ICICI Direct customers can open a demat account for free of cost. The customers planning to open a ICICI trading account along with the demat account will be charged ₹975 for opening the account.
No, ICICI Direct does not provide trading services in the commodity segment.
Yes, you can withdraw an IPO application while the IPO is still open. Simply visit ICICI direct website, visit the IPO order book for placing a withdrawal request.
The ICICI direct bullet brokerage allows the customers to trade in Intraday for free brokerage. They will square off within 5 minutes by the customer. ICICI does not charge any brokerage for the intraday position squared-off in less than 5 minutes. However, the other charges and taxes will be applicable as per their brokerage plan. This plan is offered on the Intraday Margin plus facility.
ICICI Direct Equity ATM (eATM) is the facility where the customers receive money from selling the shares in 30 minutes into their trading account. In a normal settlement cycle, the money is credited to their T+2 working day excluding holidays.
ICICI Direct Cloud Order facility designed for placing the quick orders. Instead of filling the order form while the market is on, you could prepare and save a number of orders well in advance. Such orders remain in the cloud order queue until you delete them. These orders are not sent to the exchange until they place the order.
ICICI Direct offers both the NSDL and CDSL depositories for the demat account. The customers can select any one of them at the time of opening an account. The ICICI Securities is the depository participant with both the NSDL and CDSL.
In order to convert an Intraday position to delivery (Cash Segment), you need to click on the “Convert to Delivery” (CTD) link on the “Margins Positions” page. You can convert a position in full or part. The CTD would require the full payment of the trading value.
IOC order in ICICI Direct is an abbreviation for “Immediate or Cancelled” order. It is a type of order validity that you have to select while placing a buy or sell order. The other options in order validity are ”Day” and “VTC” (Valid Till Cancelled).

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