ICICI Direct Demat Account Charges

ICICI Direct is a full-service broker that offers a wide range of services to help investors make informed investment decisions but they charge heavily for their services.

In this article, I’ll cover everything from demat account charges to other fees you might encounter along the way. Let’s discuss the charges of the ICICI Direct demat account in detail.

Charges of ICICI Direct Demat Account

Account Opening Charges

To open an ICICI Direct account, you have to pay an account opening fee is Zero. ICICI Direct account includes a trading account, a demat account, and an integrated bank account.

Some plans like the ICICI Direct Prime plan or the I-Secure plan require a subscription fee.

Brokerage Charges

ICICI Direct’s regular plan brokerage charges are discussed below – 

• For equity delivery, the brokerage charge is 0.55%. 
• For equity intraday, the brokerage charge is 0.275%. 
• For futures, the brokerage charge is 0.05%. 
• For options, the brokerage charge is Rs. 95 per lot.

ICICI Direct also offers other benefits like a dedicated relationship manager and priority customer service.

However, ICICI Direct has recently launched a flat brokerage plan to compete with the market.

You may like to read – Zerodha vs ICICI Direct

ICICI Direct Neo Plan

Segment	Brokerage
Equity Intraday	Rs. 20 per order
Equity Futures	Rs. 0 per order
Equity Options	Rs. 20 per order
Currency F&O	Rs. 20 per order
Commodity F&O	Rs. 20 per order

AMC Charges

ICICI Direct charges an annual maintenance fee of Rs. 700 for the demat account.

Delivery Charges

ICICI Direct charges delivery charges vary from plan to plan.

For example, in a regular plan, the equity delivery charges are  0.55% per order while in the neo plan the delivery charges are Rs 20 per order.

You can check the Zerodha charges, Angel One and Fyers which offer zero brokerage on delivery trades. 

Intraday Charges

ICICI Direct intraday charges for equity intraday trades are 0.275% of the transaction value.

F&O Charges

For Futures, the charge is 0.05%, and for Options, it is Rs. 95 per lot.

Call and Trade Charges

ICICI Direct charges Rs. 25 per call for placing trades over the phone.

Mutual Funds Charges

If you are investing less than Rs.8 lakhs in mutual funds via ICICI Direct means paying a fee of Rs.100 per transaction for lump-sum purchases. 

For SIP transactions, the charge is Rs.30 or 1.5% of the investment value (whichever is lower). Don’t forget the 10.30% service tax per transaction.

Charges for Canceled Orders

ICICI Direct charges Rs. 25 per canceled order.

Fund Transfer Charges

ICICI Direct charges Rs. 9 per transfer if you transfer funds to your trading account through NEFT or RTGS. However, if you transfer funds through IMPS, there is no charge.

Fund Withdrawal Charges

ICICI Direct charges Rs. 25 per fund withdrawal.

Charges for GTT orders

GTT (Good Till Triggered) orders are orders that remain open until a specific trigger point is reached. ICICI Direct equity delivery charges for GTT orders as per the brokerage plan.

Charges For BTST orders

BTST (Buy Today Sell Tomorrow) is a trading strategy where you buy a stock today and sell it tomorrow. ICICI Direct charges Rs. 25 per BTST order.

Auto-square Off Charges

If you don’t have enough funds in your account to hold the positions, ICICI Direct will automatically square off your positions. They charge Rs. 25 per Auto-square off order.

Pledge Charges

If you pledge your securities to get a loan, ICICI Direct charges 0.02% of the loan amount as pledge charges.

Unpledge Charges

ICICI Direct charges Rs. 25 per unpledge request if you want to unpledge your securities.

CMR Physical copy

ICICI Direct charges Rs. 50 for sending a physical copy of your Contract Note, Trade Confirmation, and Account Statement.

Off-market Charges

ICICI Direct charges Rs. 25 per off-market transaction.

API Subscription Charges

If you want to use the ICICI Direct API to build your trading software, they charge Rs. 1000 per month.

Penalty for Shortfall

If you don’t maintain the minimum balance in your account, ICICI Direct charges a penalty of Rs. 100 per day.

MTF Charges

Margin Trading Facility (MTF) is a service that allows you to buy shares by borrowing money from ICICI Direct. They charge 0.04% per day as MTF interest.

Government Taxes and Regulatory Charges

STT Charges

Securities Transaction Tax (STT) is a tax that is levied on securities transactions. ICICI Direct charges STT on all equity transactions. The charge is 0.1% of the transaction value on the sell side.

Transaction Charges

ICICI Direct charges transaction charges on all trades.

Equity delivery trades	0.03% of the transaction value, with a maximum of Rs. 30.
Equity intraday trades	0.03% of the transaction value, with a maximum of Rs. 30.
For futures	0.0021% of the transaction value, with a maximum of Rs. 500.
For options	Rs. 500 per crore of the transaction value.

DP Charges

ICICI Direct charges a DP charge of Rs. 25 per transaction for dematerializing shares.

DP charges refer to the charges that are levied by the Depository Participant (DP) for the dematerialization of physical shares. ICICI Direct charges Rs. 25 for every debit transaction of shares from your demat account.

GST (Goods and Services Tax)

GST is levied by the government on the services provided by the broker. 18% GST needs to be paid on all the charges like brokerage fees, SEBI charges, and transaction fees.

ICICI Direct Prime Plan

ICICI Direct Prime Plan is a subscription-based plan available for professional traders with high trading volumes. The Prime plan comes with a yearly fee and offers lower brokerage rates compared to the standard plan.

Here are the details of the charges under the ICICI Direct Prime Plan:

1. Account Opening Charges – Rs. 0
2. Annual Maintenance Charges (AMC) – Rs. 900 (Waived off for the first year)
3. Call and Trade Charges – Rs. 20 per executed order
4. Mutual Funds Charges – Zero Subscription fees, but Rs. 100 as transaction charges
5. DP Charges – Rs. 13.5 per debit transaction for ICICI Bank customers and Rs. 21.5 for non-ICICI Bank customers

Brokerage charges under the ICICI Direct Prime plan

Prime Plan	Scheme validity	Delivery brokerage	Intraday/ Futures	Equity Options	Currency F&O	Commodity F&O
Rs. 299	1-year	0.27%	0.027%	Rs. 40 per lot	Rs. 20 per lot	Rs. 20 per lot
Rs. 999	Lifetime	0.22%	0.022%	Rs. 35 per lot	Rs. 20 per lot	Rs. 20 per lot
Rs. 1,999	Lifetime	0.18%	0.018%	Rs. 25 per lot	Rs. 20 per lot	Rs. 20 per lot
Rs. 2,999	Lifetime	0.15%	0.015%	Rs. 20 per lot	Rs. 20 per lot	Rs. 20 per lot
Rs. 3,999	Lifetime	0.12%	0.012%	Rs. 15 per lot	Rs. 20 per lot	Rs. 20 per lot
Rs. 4,999	Lifetime	0.10%	0.010%	Rs. 10 per lot	Rs. 20 per lot	Rs. 20 per lot

The Prime Plan also offers other benefits like free research reports, a dedicated relationship manager, and priority customer service.

I have also written other brokers’ charges in detail, which you can check below to get a better understanding.

• Zerodha Annual Charges
• Groww Annual Charges
• Paytm Demat Account Charges
• Upstox Annual Charges
• 5paisa AMC Charges

Conclusion

If you are planning to use ICICI Direct’s services, it is important to understand the fees and charges associated with them. This will help you avoid any surprises and make informed decisions about your investments.

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