- Instant payout of up to Rs. 1 cr on selling shares
- NCD/ Bonds and Penny stock brokerage charged at prepaid brokerage rates
Login â€“ click on Settings â€“ My brokerage Plan â€“ Prepaid brokerage. Snapshot attached for your reference
Click here to Subscribe for Prepaid pan
If the Prepaid selection is done before 3.30PM on any trading day, the prepaid plan will get activated on same day on successful debit of funds. If the Prepaid selection is done post 3.30 PM it will get enabled for customers on the next trading day.
No. There is no need to allocate money for Prepaid. The fund needs to be available in the free balance in the customerâ€™s linked bank account. The money will be debited from the customers linked account.
The plan amount + GST of 18% should be available. E.g. for a 5000 Prepaid plan. Rs. 5,000, the plan amount + 18% GST Rs.900 (i.e. Rs. 5900) should be available in customerâ€™s account. If the required amount is not available in the customerâ€™s account, the debit will fail and Prepaid will not be activated. The customer will have to select Prepaid again
Customer will also get a credit of the GST paid on the card value. Any GST paid on transactions will be adjusted against the credit of GST paid on the card value.
The Prepaid plan has a validity of 15 years with an option to opt for refund of unutilized amount after 1 year.
Yes, there is a free look period of 5 days from the day of activation of Prepaid. The client will have an option to opt out of Prepaid.
Yes, Minimum brokerage in Delivery segment will be Rs.25 or 0.75% of turnover, whichever is lower; in SEP segment, it will be Rs.10 or 0.75% of turnover, whichever is lower and in Margin segment, it will be Rs.15 or 2.5% of turnover, whichever is lower.
DP charges are levied when a customer sells the shares from demat account. It is charge to be paid to the Depositories and Depository participants. In ICICIdirect lifetime Prepaid Plan on selling a share from demat account, there will be a DP charges of Rs. 20 on every debit instruction. This is inclusive of the NSDL or CDSL charges. This will be debited from the linked bank account whenever there is a sell transaction. E.g If customer has Reliance Industries share in his demat and he sells the same. A flat Rs 20 would be levied irrespective of the trade value. In case the customer is selling Reliance Industries shares multiple times during the day, there will only be a single debit instruction and only Rs. 20 will be charged. On other hand if the customer sells 2 different stocks of different companies on same day, then there will be 2 debit instructions and Rs 20*2 = Rs 40 will be levied.
In case if you opt to continue with the full tenure of Prepaid, after 15 years any un-utilized brokerage balance will be refunded back to you and your account will be mapped to I Secure Brokerage plan
You can take a top up for your prepaid plan once your existing Prepaid card balance reaches 10% or below of the card value.
Yes, the customer can login to the www.icicidirect.com and visit Customer Service page and go to Usage summary.
Or Click here to check Prepaid Usage Summary