Are 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 Charges of 2019|
|Equity Intraday||0.03% – 0.05%|
|Equity Futures||0.03% – 0.05%|
|Equity Options||Rs.35 – Rs.95 per lot|
|Currency Futures||0.03% – 0.05%|
|Currency Options||Rs.10 – Rs.35 per lot|
|Flat Fees, if any|
If a client want to trade in equity delivery, he/she needs to pay 0.55% as a brokerage charges. The brokerage charges for equity Intraday, equity futures and currency futures are lies between 0.03%- 0.05% respectively.
For equity options brokerage charges are Rs. 35- Rs. 95 per lot and currency options are Rs. 10- Rs. 35 per lot.
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ICICI Direct Special Brokerage Plans
Below mentioned table gives you details of ICICI direct special brokerage plans:
|Plan:||3-in-1 Account [I-Secure Plan]|
|Flat Monthly Fee|
|Equity Futures||0.05% to 0.03%|
|Equity Options||Rs 95 to Rs 35 per lot|
|Currency Futures||0.050% to 0.030%|
|Currency Options||Rs 25 to Rs 10 per lot|
|Plan:||ICICIDirect Brokerage Plan [ I-Saver Plan]|
|Flat Monthly Fee|
|Equity Delivery||0.75% to 0.25%|
|Equity Intraday||0.75% to 0.25%|
|Equity Futures||0.05% to 0.03%|
|Equity Options||Rs 95 to Rs 65 per lot|
|Currency Futures||0.05% to 0.03%|
|Currency Options||Rs 95 to Rs 65 per lot|
The 3 in 1 account secure plan, which includes ICICI trading & demat account, its brokerage fee for equity delivery is 0.55%. For Equity Futures and currency futures the charges lies between 0.05% to 0.30%.
In secure plan, the brokerage charges for equity intraday is 0.028%, for equity options Rs.95 to Rs.35 per lot and for currency option Rs.25 to Rs.10 per lot.
The 3 in 1 account saver plan, the brokerage fee for equity delivery and equity Intraday is 0.75% to 0.25%. And for equity futures and currency futures is 0.05% to 0.03% respectively. For equity options and currency options Rs. 95 to Rs. 65 per lot respectively.
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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 of 2019|
|Account Processing Charges||Zero|
|Trading Account Opening Charges [One Time]||Rs 975|
|Trading AMC [Yearly]||NIL|
|Demat Account Opening Charges [One Time]||NIL|
|Demat AMC [Yearly]||Rs 600|
|Margin Money||Rs.20,000 Minimum|
There are separate charges for trading and demat opening account. One time trading account opening charges Rs. 975 and there are no maintenance charges for trading account.
There are no charges for opening demat account. Only clients have to pay RS.600 yearly as a demat account maintenance charges.
The clients can start their trading with margin money Rs.2o,000.
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ICICI Direct Transaction Charges
Get detailed about the ICICI transaction charges:
|Transaction Charges 2019|
|Equity Delivery||NSE: 0.0031% and for BSE: 0.0028%|
|Equity Intraday||NSE: 0.0031% and for BSE: 0.0028%|
|Equity Options||0.05% on Premium|
|Currency Options||0.05% on Premium|
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:
|Other Charges 2019|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% of Total Turnover|
|Stamp Duty||0.002% – 0.004% – Depends on State|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.75 per Segment|
|Account Closure Charges||Zero|
- The SEBI turnover charges at 0.0002% 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. 28.
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. Broekrage pattern for all the segments is Equity Delivery – 0.55%, Intraday, Futures and Currency Futures – 0.03% – 0.05%, Options – Rs.35 – Rs.95 per lot and Currency Options – Rs.10 – Rs.35 per lot.
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 from 0.03% – 0.05% and final percentage rely on multiple factors.
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 0.55%.
Ques – How much ICICI Direct Charge for Options?
Answer – Investors are not sifting towards options and if you choose the same, you have to pay a charge of brokerage on the per lot basis. Options are traded in lots and brokerage rate is based on per lot basis. For Equity options, it is Rs.35 – Rs.95 per lot, and contrarily for the Currency Options, it is Rs.10 – Rs.35 per lot.
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.600 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 0.55% for this particular category and it ranges for other categories.
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