In this article, you will read about the ICICI Direct Charges which will include all kinds of charges that are levied when you trade. We will start with the ICICI Direct brokerage charges and will take you through the transaction charges.
Then, we will also go through the Demat and trading account opening and annual maintenance charges and other charges which are known as mandatory or statutory charges.
ICICI Direct is known for its various financial and investment services and Demat and trading services are some of its fortes in that. When you are thinking about opening a Demat and trading account to start trading, you must check these ICICI Direct Brokerage Charges.
This is so, you get an understanding of the cost that you may incur if you trade on the ICICI Direct platform. So, let us start with the brokerage charges.
|Equity Delivery Trading||0.55%|
|Equity Intraday Trading||Rs 20 per order|
|Margin Money||75% Margin|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 75 per instruction|
What are the ICICI Direct Brokerage Charges?
|What are the Equity Delivery Charges?||0.55%|
|What are the Equity Intraday Charges?||Rs 20 per order|
|What is the brokerage on Equity Futures?||Rs 0 (Free)|
|How much brokerage charged for Equity Options?||Rs 20 per order|
|What is the brokerage on Currency Futures?||Rs 20 per order|
|What is the brokerage on Currency Options?||Rs 20 per order|
|How much brokerage charged for Commodity Trading?||Rs 20 per order|
|Brokerage Calculator||ICICI Direct Brokerage Calculator|
If you are looking at the table above for the ICICI Direct Brokerage Charges, then you must be thinking that these charges are pretty high, aren’t you? However, if you compare it properly with other premier stock brokerage houses, then you will find that the charges levied by ICICI Direct are quite nominal.
Moreover, as you can see they do not have a fixed brokerage plan and they offer flexible schemes to suit every pocket and every investor’s investment budget.
As you can see in the table above, except for the delivery trades which are charged at 0.55% for each transaction, other segments have a wide range of brokerage charges available. Even the brokerage charges for the options segment are so low which starts from only Rs.20 per lot and going up to Rs.20 for the equity options.
It is even lower for the currency options as you can check in the table. Similarly, for the cash segment, and futures segments, the brokerage charges depend on the brokerage plan you choose.
Before placing the orders, you can always calculate the brokerage amount using the ICICI direct brokerage calculator from this site. This will help you to understand the cost involved in the transaction and then you can easily set your target price by adding the profit margin you want.
Open Demat Account with ICICI Direct Now! – Fill up the Form
What are the ICICI Direct Account Opening Charges?
|Account Opening Charges|
|Are there any Trading Account Charges [One Time]?||Rs 0 (Free)|
|How much is the Trading Account AMC [Yearly]?||Rs 0 (Free)|
|Are there any Demat Charges [One Time]?||Rs 0 (Free)|
|How much is the Demat AMC [Yearly]?||Rs 300 (from 2nd year)|
|Is any minimum Margin Money required?||75% Margin|
The ICICI Direct Demat Charges for opening the account are nil. This means you can open the account for free. However, there is an annual maintenance fee that is charged for the Demat account maintenance by the firm and it is Rs 300 (from 2nd year).
It is payable on a yearly basis and to run the Demat account you need to pay this amount. ICICI Direct Trading Charges is Rs.0 which is a one-time fee that you need to pay to open the account.
While you pay this ICICI Direct Account Opening Charges for the trading account, you do not have to pay any annual maintenance fee for the trading account. So, all in all, you have to pay the account opening fee for the trading account and AMC for the Demat account.
Apart from the account opening charges and AMC, there is a margin money requirement that needs to be fulfilled. It is 75% Margin as the minimum amount which needs to be there in the trading account anytime. It is required for trading.
Find out Brokerage & Other Charges of Stock Brokers
What are the ICICI Direct Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)|
|What are the Transaction Charges for Equity Intraday?||NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)|
|How much are the Transaction Charges for Equity Futures?||Rs 180 per Cr (0.0018%)|
|How much are the Transaction Charges for Equity Options?||Rs 5000 per Cr (0.05%) (on premium)|
|What are the Transaction Charges for Currency Futures?||Rs 120 per Cr (0.0012%)|
|What are the Transaction Charges for Currency Options?||Rs 5000 per Cr (0.05%) (on premium)|
|Any Transaction Charges for Commodity Trading?||Group A – Rs 260 per Cr (0.0026%)|
The ICICI Direct Charges for the transaction as you can see in the above table varies for both the exchanges and also across the segments/asset classes. Transaction charges are charged for carrying out the transaction on the stock exchange and it is mandatory to pay this charge to your trader.
While for the futures segment, the ICICI Direct transaction charges are the same for both the exchanges, and also for the options segments, but different for the delivery and cash segment. For the options, you need to pay the transaction charge on the premium of the options and not only the price of the shares.
If you compare the transaction charges with other firms, you may find the transaction charges in ICICI Direct are competitively lower than many other firms, especially for the futures segments which are 0.00180% for the equity futures and 0.00120% for the currency futures segment.
What are the other remaining ICICI Direct Charges?
|How much are the Transaction Charges levied?||0.00280% of Total Turnover|
|What are the STT charges?||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 the 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
|How much is the Stamp Duty levied?||(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)|
|How is the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Any Margin Funding Charges?||18% + GST|
|How much is the Reactivation Charge?||Rs 75 per instruction|
|Any charges for Account Closure?||NIL|
|What are the Dematerialisation Charges?||Rs 50|
The above-mentioned ICICI Direct Charges / Govt Charges are referred to as the other charges which are imposed by the government and SEBI. These charges are not charged by the brokerage house and thus, are quite similar in all the brokerage firms.
For example, the STT is the same across all the brokerage houses at a rate of 0.0126% which is levied on the total turnover (except for a few brokerage houses). Similarly, the stamp duty is decided by the state from where you are trading and not the brokerage house or any other entity.
Then there is GST which you have to pay on the transaction at the rate of 18%. All the other charges are mandatory and need to be paid for each transaction.
Check out the Charges of other Stock Brokers
General FAQs on ICICI Securities Charges
Let us have a look at the FAQs on ICICI Direct Charges:
Does ICICI Securities provide fixed brokerage options?
No, ICICI Direct doesn’t provide any fixed brokerage plans. It has different brokerage schemes for customers.
Does ICICI Securities have different brokerage charges for penny stocks?
No, there are no different brokerage charges for penny stocks.
Can I calculate ICICI Securities brokerage even before I place a Trade?
Yes, you can use the ICICI Direct Brokerage calculator on this site and calculate the brokerage charges for the trade you are going to do.
Can I calculate ICICI Securities margin/limit/exposure?
Yes, you can also calculate the exposure, limit, and margin balance before placing the order.
Are there any account opening fees by ICICI Securities?
No, there is no account opening fee for the trading or demat account.
Is there any AMC levied by ICICI Securities?
Yes, there is an annual maintenance charge (AMC) levied by ICICI Direct but only on the Demat account and not on the trading account.
ICICI Direct Charges – Conclusion
As you read about the ICICI Direct Charges including the ICICI Direct Demat Charges, transaction charges, and brokerage charges, it must have been a clearer picture now for you to understand the expenses you are going to incur by trading on this platform.
ICICI Direct charges are quite reasonable for most of the segments and also there are efficient services and a wide range of products to support your trading needs.
Open Demat Account with ICICI Direct Now! – Fill up the Form
Find out the Brokerage Charges of other Stock Brokers
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