ICICI Direct Charges – Find Brokerage Charges, Account Opening Charges and more
75% MarginAre you looking for the information regarding ICICI direct charges? If yes, then you have to come to the right place. From the account opening charges to special plans, here we will cover everything related to the ICICI direct.
ICICI Direct is one of the largest broking companies in India who offers large variety of investment services & levy various types of charges to their clients. So, let’s review ICICI Direct brokerage charges and other charges.
ICICI Direct Brokerage Charges
Find below the detail of ICICI direct brokerage charges:
|Brokerage Charge & Fees|
|Equity Intraday||Rs 20 per order|
|Equity Futures||Rs 0 (Free)|
|Equity Options||Rs 20 per order|
|Currency Futures||Rs 20 per order|
|Currency Options||Rs 20 per order|
|Commodity||Rs 20 per order|
|Minimum Brokerage||Rs.20 per Trade|
If a client want to trade in equity delivery, he/she needs to pay Rs.20 per order as a brokerage charges. The brokerage charges for equity Intraday, equity options and currency options are fixed at a flat rate of Rs.20 per order.
For equity futures, and currency futures the brokerage charges are nil. If you trade in either of the segment, the charges are waived off.
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ICICI Direct Special Brokerage Plans
Below mentioned table gives you details of ICICI direct special brokerage plans:
ICICI Direct Prime Brokerage Plan
|Prime Plan (Rs.)||299||999||1,999.00||2,999.00|
|Total amount with GST (Rs.)||352.82||1,178.82||2,358.82||3,538.82|
|Scheme Validity (in days)||365||365||365||365|
|Margin / Futures %||0.027||0.022||0.018||0.015|
|Options (Per Lot) (Rs.)||40||35||25||20|
|Currency Futures||20 per order||20 per order||20 per order||20 per order|
|Currency Options||20 per order||20 per order||20 per order||20 per order|
|Commodity Futures||20 per order||20 per order||20 per order||20 per order|
|eATM Limit (Rs.)||2.5 lakhs||10 lakhs||25 lakhs||1 Cr|
|Special MTF Interest rates/LPC (% per Day)||0.04||0.035||0.031||0.02|
The ICICI Direct Prime Brokerage Plan comes up with many advantages which reduce the brokerage cost to a great extent. As you can see, there are differnet levels or plans you can choose fron, and the following brokerage and the other charges are specified in the table.
The common fashion followed is of Rs.20 per order for all the segments with slight variations. Besides, there are a lot of other charges specified in the table as well, such as the eATM limit, Special MTF interest rates and more.
ICICI Direct PREPAID BROKERAGE PLAN
|Prepaid Plan (₹)||5,000.00||12,500.00||25,000.00||50,000.00||1,00,000.00||1,50,000.00|
|Total amt with GST (₹)||5,900.00||14,750.00||29,500.00||59,000.00||1,18,000.00||1,77,000.00|
|Margin / Futures %||0.025||0.022||0.018||0.015||0.012||0.009|
|Options (per lot)₹||35||30||25||20||15||10|
|Currency Futures||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order|
|Currency Options||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order|
|Commodity Futures||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order||Rs.20 per order|
This is the general plan offered to resident Indians, and has specified different levels, differentiated with price. This distinction exists since the company aims to provide special tailored plans for the investors.
Each segment data is provided in the table, which is commonly Rs.20 per order for derivatives. The charges for the equity segments vary as per the plan you chose. GST charges are as well provided in the table for your consideration.
ICICI Direct I-Secure Plan
|Commodity Futures Trading||Rs.20 per order|
|Equity Options Trading||Rs.95 per contract lot|
|Currency Futures Trading||Rs.20 per order|
|Currency Options Trading||Rs.20 per order|
This is the I-Secure Plan as offeed by the broker. A flat charge is taken for the Currency and the Commodity Futures segment, while the Equity Options segment has a charge f Rs.95 per lot.
Delivery segment on the other hand has a charge of 0.55%, wheres the intraday segment has a charge of 0.28%. Lastly, if you wish to trade in equity futures segmnet, you have to pay a charge of 0.05%.
ICICI Direct NRI PREPAID BROKERAGE Plan
|Prepaid Plan (Rs.)||10000||50000||100000||200000||300000|
|Eligible Cash Turnover (Rs.)||1333333||10000000||28571429||66666667||1.5E+08|
Here is a specially customized plan for the NRIs. NRIs can opt for a prepaid plan, as provided in the table above. You can see they offer 5 different levels in the prepaid plan, starting from Rs.10,000 to Rs.3,00,000.
This plan is valid for 15 years and you can check the eligible cash turnover in the table itself. A GST is as well levied, and you can see that the cash brokerage would range from 0.20% to 0.75%. Higher the opted plan price, lower shall be the brokerage.
ICICI Direct NRI Brokerage
|Total Eligible Turnover (Volume of Transaction) per month||Brokerage|
|Trades above Rs. 50,00,000/- (Above Rs. 50 lacs)||0.50%|
|Rs . 25,00,001/- to Rs. 50,00,000/- (Rs. 25 lacs to Rs. 50 lacs)||0.75%|
|Rs . 10,00,001/- to Rs. 25,00,000/- ( Rs. 10 lacs to Rs. 25 lacs)||0.90%|
|Rs . 5,00,001/- to Rs. 10,00,000/- ( Rs. 5 lacs to Rs. 10 lacs)||1.00%|
|Up to Rs. 5,00,000/- (Rs. 5 lacs)||1.25%|
This is the contrary brokerage plan NRIs can avail for, other than the prepaid brokerage plan. Here, the brokerage is levied as per the total turnover slab, as provided in the table. So, the slabs are as per the monthly turnover basis, and you have to pay the percentage of brokerage of the slab you will fall in.
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ICICI Direct Account Opening Charges
This table provides you information of account opening charges levied by ICICI direct:
|Account Opening Charges|
|Demat Services||ICICI Direct|
|Trading Charges [One Time]||Rs 0 (Free)|
|Trading AMC [Yearly]||Rs 0 (Free)|
|Demat Charges [One Time]||Rs 0 (Free)|
|Demat AMC [Yearly]||Rs 300 (from 2nd year)|
|Margin Money||75% Margin|
There are separate charges for trading and demat opening account. One time trading account opening charges nil and neither are there any maintenance charges for trading account.
There are no charges for opening demat account. Only clients have to pay Rs.300 yearly, probably from second year of holding the account as a demat account maintenance charges.
The clients can start their trading with margin money 75% Margin.
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ICICI Direct Transaction Charges
Get detailed about the ICICI transaction charges:
|Equity Delivery||NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)|
|Equity Intraday||NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)|
|Equity Futures||Rs 180 per Cr (0.0018%)|
|Equity Options||Rs 5000 per Cr (0.05%) (on premium)|
|Currency Futures||Rs 120 per Cr (0.0012%)|
|Currency Options||Rs 5000 per Cr (0.05%) (on premium)|
|Commodity||Group A – Rs 260 per Cr (0.0026%)|
ICICI direct equity delivery and equity intraday transaction charges for NSE 0.0031% and for BSE 0.0028%. For equity futures and currency futures on premium are 0.05% respectively. The transaction charges for equity future 0.00%.
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ICICI Direct Other Charges
Find below ICICI direct other charges:
|SEBI Turnover Charges||0.00005% (Rs. 5/Crore)|
|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
|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)|
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||75% Margin|
|Reactivation Charges||Rs 75 per instruction|
|Account Closure Charges||NIL|
|Dematerialisation Charges||Rs 50|
|Pledge Creation||If, ICICI Bank is counterpartY – 0.02% (Minimum Rs 35 and Maximum Rs 25,000)|
|Pledge Invocation||If, ICICI Bank is not counterparty – 0.04% (Minimum Rs 45 and Maximum Rs 25,000)|
|Margin Pledge/Unpledge/ Pledge closure||Rs. 15.5 per scrip|
|Margin Repledge||Rs. 13.5 + Rs. 13.5 (Rs. 27 per scrip)|
- The SEBI turnover charges at 0.0005% of total turnover.
- The STT is 0.0126% of total turnover.
- Stamp duty charges that change from the state to state lies between 0.002%- 0.004%
- The GST charges levied by government is 18% of ( brokerage+ transaction charges ).
- ICICI direct reactivation charges Rs. 75 per segment.
- There will be no account closure charges.
- The dematerialisation charges are Rs. 50.
ICICI Direct Brokerage Charges FAQ
Ques – Does ICICI Direct Charge Brokerage?
Answer – Yes, as stock brokers have the right to charge a fee for the services they provide, ICICI Direct also levies a charge on its clients, referred to as brokerage. The charge is however not constant for all the segments and ranges. Since, this broker is a full service broker, it levies high brokerage charge.
Ques – What is ICICI Direct Brokerage Charges?
Answer – ICICI Direct provides trading and investment services in a lot of domains, i.e. financial instruments. Brokerage pattern is dependent on the plan you choose, where the broker provides 6 different plans. The most popular of all plans is the NEO Plan.
Ques – What is Intraday Brokerage of ICICI Direct?
Answer – To encourage investors to try their hands at intraday trading, this stock broker charges fewer brokerage for the domain of intraday. The charge is lesser in comparison with delivery trading. Brokerage for the Intraday segment ranges as per the plan you choose.
Ques – What other Charges levied by ICICI Direct?
Answer – As we all know, the first charge is the brokerage. Then, the broker also levies account related charges i.e. account opening as well as AMC. Furthermore, there are other charges subject to the specific service that you avail for, such as account closure or re opening. Final set of charges are related to government.
Ques – Is ICICI Direct a discount broker?
Answer – No, ICICI Direct is not a discount broker and carries stock broking activities in a full fledged manner with establishment of sub units. They are also involved in the research services, and provide an end to end financial assistance to their clients. They have a huge hub of sub brokers established across the country.
Ques – Does ICICI Direct have Free Delivery?
Answer – Unfortunately, free brokerage for delivery trading is not a part of the vast range of offers ICICI Direct provides. It charges the highest rate for equity delivery, and if you are their client, you are obligated to pay the same. The charge for equity delivery, as set by the company is based on plans chosen.
Ques – How much ICICI Direct Charge for Options?
Answer – Investors are sifting towards options and if you choose the same, you have to pay a charge of brokerage on the chosen plan basis.
Ques – What are ICICI Direct Transaction Charges?
Answer – Transaction charges are taken on the basis of each trade order placed. However, there is nothing to worry about as the transaction charges are pretty tiny and barely make a huge impact. The charges go as NSE: 0.0031% and for BSE: 0.0028% for Delivery and intraday, 0.05% on Premium for options and currency options. 0.00% is levied on Futures and currency futures.
Ques – What is the Demat AMC in ICICI Direct?
Answer – In order to hold an account with this stock broker, you have to pay a charge on a yearly basis which is referred to as AMC. AMC refers to account maintenance charge and is levied at the rate of Rs.300 per year. Traders have to make this payment through the duration they hold a demat account.
Ques – Is ICICI Direct Brokerage Free?
Answer – No, this company does not provide this feasibility even in the segment – Equity Delivery. Equity delivery is generally free of charge with a lot of stock brokers, the full service brokers included. But, ICICI Direct charges a fee for this particular category and it ranges for other categories.
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