ICICI direct is a major full-service retail stockbroker that provides a range of brokerage products targeted to different investor types. These plans feature a number of low-cost choices that allow for brokerage-free Futures trading as well as access to a variety of value-added services.
Depending on the plan, these services may include instant fund withdrawals following sell trades, access to unique research content, and the option to buy now and pay later. Each plan is tailored to unique investor needs and preferences, allowing clients to select the greatest fit for their trading and investing activity.
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1. ICICIdirect Prime plan
ICICIdirect Prime plan is a revolutionary brokerage plan that comes with numerous powerful advantages. This brokerage plan offers a significant reduction of more than 50% across all products, making trading more cost-effective. It also provides the convenience of instant payouts for sold stocks through eATM, ensuring quick access to funds.
Additionally, the option to buy stocks and pay later at a competitive rate of just 9.69% per annum makes it a flexible and attractive choice for traders looking to manage their investments efficiently while minimizing costs. There is an annual fee for ICICIdirect Prime that ranges from Rs 299 to Rs 9,999 as well as a lifetime plan alternative.
ICICI Direct’s Prime Plan has distinct brokerage charges for each trading domain, such as equity cash, equities futures, equity options, currency derivatives, and commodity futures.
| Prime Plan () | Cash % | Margin / Futures % | Options (Per Lot) | Currency & Commodity (Per Order) | Special MTF Interest Rates (% p.a) |
| 299(annual) | 0.25 | 0.025 | Rs 35 | Rs 20 | 20.49% |
| 999
(lifetime) |
0.22 | 0.022 | Rs 35 | Rs 20 | 20.49% |
| 1,999
(lifetime) |
0.18 | 0.018 | Rs25 | Rs 20 | 16.49% |
| 2,999
(Lifetime) |
0.15 | 0.015 | Rs 20 | Rs 20 | 16.49% |
| 4,999
(lifetime) |
0.1 | 0.01 | Rs 10 | Rs 20 | 9.69% |
| 9,999
(Lifetime) |
0.07 | 0.007 | Rs 7 | Rs 20 | 9.69% |
Regulatory Charges
| Factor | Description |
| GST | 18% GST applicable on Prime Plan amount |
| Plan Validity | Prime 299 plan: 1 year; Other plans from 10-02-2022: Lifetime |
| Call and Trade Charges | Rs. 50 per order in Currency & Commodity segment |
| Brokerage | 0.15% applicable on Physical Delivery of F&O Contracts |
| Interest on Collateral | 0.027% per day + GST in Commodity & Currency segment on shares used as margin |
2. ICICIdirect’s I-Secure Plan
In ICICIdirect’s I-Secure Plan, Margin and Margin Plus accounts have a brokerage setting of 0.050%. Rs 25 or 2.5% of the trade value whichever is less, will be levied as minimum brokerage on transactions not above the Rupees Fifty thousand mark. Moreover, besides the minimum brokerage, there are also statutory charges like GST, SEBI turnover charges, Transaction Charges and Stamp duty.
Thus anything that is over Rs 50,000 must attract a brokerage fee chargeable at 0.050%. By this way smaller transactions are protected from excessive brokerages while big trades remain with a competitive brokerage rate that complies with market norms.
ICICIdirect’s minimum brokerage price is Rs 35 per trade or 2.5% of the trade amount, whichever is lesser. The minimum brokerage for stocks valued up to Rs 10 is Rs 0.05 per share or Rs 35, whichever is higher.
Brokerage Charges
| Segment | Brokerage |
| Equity Delivery | 0.55% |
| Equity Intraday | 0.275% |
| Equity Margin & Margin Plus | 0.050% |
| Equity Future & Future Plus | 0.05% |
| Equity Future & Future Plus (Intraday) | Rs 50 |
| Options & Option Plus | Rs 95 per lot |
| Options & Option Plus (Intraday) | Rs 50 per lot |
| Currency Futures & Options | Rs 20 per order |
| Commodity Futures | Rs 20 per order |
| NCDs / Bonds | 0.25% |
Regulatory Charges
| Charge | Rate/Amount |
| GST on brokerage | 18% of total brokerage |
| SEBI turnover charges | 0.0001% of turnover (₹ 10 per crore) |
| Transaction Charges | 0.00095% of turnover |
| Stamp Duty (On Buy Side) | 0.0001% of turnover |
| Call and Trade/System Square Off Charges | Rs. 50 per order |
| Interest on Shares as Collateral | 0.027% per day + GST |
3. ICICIdirect Neo Plan
The ICICIdirect Neo Plan, introduced in January 2021 as the ICICI Neo Zero Brokerage Plan, offers a flat-rate brokerage structure designed to provide true discount brokerage services to resident Indian customers. This plan includes brokerage-free equity futures trading and charges Rs 20 per order for Equity Intraday and Options trading.
The brokerage rate for Equity delivery is set at 0.55%. Notable features of the Neo Plan include free research and trading tips, margin funding at 0.025% per day, quick fund availability within 30 minutes via eATM upon selling shares, an increased selling limit, and reduced brokerage rates across all products.
| Feature | Charges |
| ICICIdirect Neo Account Opening | Rs 0 (Free) |
| ICICIdirect Neo AMC Charges | Rs 300 per year |
| ICICIdirect Neo Plan | Rs 299 with Lifetime validity |
When you combine the ICICIdirect Neo Plan with the ICICIdirect Prime Plan, you have the flexibility to select any Prime Plan ranging from Rs. 299 to Rs. 2,999 per year. Additionally, you can opt for the ICICIdirect Neo plan with a one-time payment of Rs. 299. Margin funding is offered at a very low annual interest rate of 9.65%.
| Trading Segment | Brokerage |
| Equity Delivery | 0.55% |
| 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 Futures | Rs 20 per order |
| NCD/ Bonds | 0.75% |
4. ICICIdirect Lifetime Prepaid Brokerage Plan
The ICICIdirect Lifetime Prepaid Brokerage Plan is intended to give long-term benefits and cost savings to traders. With this plan, you pay an upfront brokerage fee that is good for life. This prepaid sum can be used for trading activities, and even after it is depleted, you will continue to benefit from lower brokerage rates and other plan benefits.
| Prepaid Plan (life time) |
Eq Cash(%) | Eq Margin/Future | Future | Options/Lot | Currency and Commodity F&O/Order | MTF Interest Rates (% p.a) |
| Rs 2,500 | 0.25 | Rs 20 | 0 | Rs 20 | Rs 20 | 20.49% |
| Rs 5,000 | 0.22 | Rs 20 | 0 | Rs 20 | Rs 20 | 20.49% |
| Rs 12,500 | 0.18 | Rs 20 | 0 | Rs 20 | Rs 20 | 20.49% |
| Rs 25,000 | 0.15 | Rs 20 | 0 | Rs 20 | Rs 20 | 16.49% |
| Rs 50,000 | 0.12 | Rs 20 | 0 | Rs 20 | Rs 20 | 16.49% |
| Rs 100,000 | 0.07 | Rs 20 | 0 | Rs 20 | Rs 20 | 9.69% |
Note
- Prepaid plans are subject to a GST rate of 18%. For example, if you opt for a Rs 5,000 plan, you will need to pay Rs 5,900, inclusive of GST.
- Intra-day Futures & Options trades incur separate charges for both the buy and sell legs, based on the applicable brokerage rates.
- A charge of Rs 20 plus GST is applied for each sell transaction in your demat account.
- Physical Delivery of F&O Contracts is subject to a brokerage fee of 0.15%, regardless of the chosen plan.
Minimum brokerage charges apply to different trading segments. For the Delivery Segment, the minimum brokerage is Rs 25 or 0.75% of the transaction value, whichever is lesser. Similarly, in the Systematic Equity Plan (SEP), the minimum brokerage is Rs 10 or 0.75% of the transaction value, whichever is lower.
In Margin Trading, a minimum brokerage of Rs 15 or 2.5% of the transaction value is required, whichever is lesser. These minimum brokerage costs maintain a similar fee structure across all trading operations, providing traders and investors with transparency and consistency in brokerage computations.
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5.ICICI Direct Equity ATM
ICICI Direct Equity ATM (eATM) is a feature that allows customers to receive funds quickly after executing a sell order in the cash segment. Instead of waiting for the usual T+2 payout cycle, funds are credited within 5 minutes. This service is part of ICICI Direct’s Prime Brokerage Plans, where customers can access fund credits of up to Rs 1 crore based on the specific plan they opt for.
| Plan | eATM Daily Limit | Delivery Brokerage (%) | Validity |
| Rs 299 | Rs 2.5 Lakhs | 0.27 | Annual |
| Rs 999 | Rs 10 Lakhs | 0.22 | Lifetime |
| Rs 1,999 | Rs 25 Lakhs | 0.18 | Lifetime |
| Rs 2,999 | Rs 1 Cr | 0.15 | Lifetime |
| Rs 3,999 | Rs 1 Cr | 0.12 | Lifetime |
| Rs 4,999 | Rs 1 Cr | 0.10 | Lifetime |
When enrolled in ICICI Direct’s Prime Brokerage Plan, all sell orders are automatically processed as eATM orders. The instant availability of funds depends on the specific Prime Plan chosen by the customer
6. ICICI Direct Money saver plan
| Cash (%) | Margin/Futures (%) | Options (Per Lot) | Currency & Commodity (Per Order)(₹) | eATM Limit (₹) | Special MTF Interest Rates (% p.a) |
| 0.29 | 0.029 | 45 | 20 | 50,000 | 20.49% |
Note
- Brokerage for NCDs, Bonds, and Penny stocks is set at 0.25%.
- Customers moving from other brokerage plans to MoneySaver plan.
- No brokerage charged for the second leg of intra-day square off transactions in cash.
- There are no minimum brokerage charges. All trades in Delivery, Stock SIP, and MTF are charged at 0.29% regardless of the trade value.
- In the Commodity and Currency segments, interest at 0.027% per day plus GST is applied to shares used as collateral and margin.
- Call and Trade line and system square off charges will be applicable at the rate of Rs. 50 per order
Conclusion
ICICIdirect provides a wide selection of brokerage plans to meet the diversified demands of its investors. The Prime plan distinguishes out for its large cost savings across all goods, fast eATM fund withdrawals, and a buy now, pay later option.
The I-Secure approach prioritizes preserving smaller transactions with low brokerage costs, guaranteeing competitive rates for bigger trades, and conforming to market standards. The Neo plan features a flat-rate brokerage structure with additional perks such as free research, quick money availability, and lower rates.
The Lifetime prepaid plan offers long-term cost savings and benefits, while the Equity ATM feature speeds up money access after sell orders. Lastly, the MoneySaver plan caters to NCDs, Bonds, and Penny stocks with no minimum brokerage charges and special considerations for intra-day transactions, making it a comprehensive choice for diverse trading strategies.
