ICICIdirect Neo is our revolutionary new-age brokerage plan where you have to pay Zero Brokerage on Futures, only Rs.20 per order on unlimited Options and Equity Intraday trades.
| Scheme Validity | : | Lifetime |
| Plan Fees | : | Rs.299 |
| Demat AMC | : |
| Interest on Shares as Margin | : | 0.025% per day only |
| eATM | : | Get money in 5 minutes on selling shares |
For the advantages of combining Neo with Prime
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“The Neo plan that has been launched is going to be path breaking in nature and it opens up a different avenue. The plan is a lot more competitive in nature which I think will create a lot of excitement amongst people who usually trade in the financial markets. My best wishes to ICICIdirect Team.”
“Neo will reduce brokerage charges to a great extent. I have found it very useful after using it and am very happy with how it is working for me.”
“The Neo plan is excellent because it’s a lifetime plan. It is well received in the market and I have introduced my family to use ICICIdirect trading platform as well as my colleagues and friends.”
ICICIdirect Neo is the discounted brokerage plan offered by ICICIdirect. The benefits of ICICIdirect Neo are:
Futures: All Futures trades at Zero brokerage. Applies to Intraday and Carry Forward
Options: All Options trades at flat Rs.20 per order unlimited for Intraday and Carry Forward
Equity Intraday: Equity intraday trades at only Rs.20 per order. Applies to both Margin Broker and Margin Plus
For Eg: If you have already subscribed to Option 20 plan, then on activation of ICICIdirect Neo plan, Option trades would be charged Rs 20/order at no extra cost for lot size as per ICICIdirect Neo plan.
The minimum brokerage which shall be charged in Equity Intraday (Margin Broker and Margin Plus) for transactions upto Rs.40000 will be 0.05% of the trade value or Rs.20 per order, whichever is lower.
For example: If the trade value for an order placed in Margin Broker is Rs.30,000. Since it is less than Rs.40,000, we shall choose the lower value between 0.05% of trade value or Rs.20. 0.05% of trade value Rs.30,000 is Rs.15, which is lower than Rs.20 and thus will be the brokerage charged for the Margin Broker trade worth Rs.30,000.
The ‘Change mode’ and ‘Convert to Delivery’ functionality would not be available for intraday products in ICICIdirect Neo plan.
There will be no change in the statutory charges and taxes levied. Statutory charges and taxes will be levied on all trades.
Trades squared off in Equity Intraday (Margin Plus and Margin Broker) and F&O segment by the system through expiry or due to margin shortfall will be charged a separate charge of Rs 50 per order with effect from January 1, 2021.
The system-square off charges would be capped to maximum Rs 100 for a particular trade date in Derivatives segment. However, no such capping would there in Equity segment and the customers would be charged for each system square off order. The below system orders are excluded in the System orders calculation
Orders placed through Call n Trade would be chargeable at the rate of Rs.50 per order with effect from January 1, 2021.
If ICICI Direct Neo subscription is active, then withdrawal of funds from your ICICI Direct wallet to your bank account is charged Rs 9 per transfer with effect from January 16, 2021. Deposit of funds has no charges and can be done free of cost.
Buy orders in Margin Trading Facility shall be charged as per your prevailing plan while for squaring off in the same day (intraday) shall be charged as per ICICIdirect Neo plan of Rs 20 per order.
If utilizing Shares as Margin facility in Derivatives, then Interest is charged at a rate of 0.025% per day on 100% of Shares as Margin under ICICI Direct Neo plan with effect from January 1, 2021.
No, the interest on F&O Shares as Margin (SAM) would be applicable only for carry-forward positions and not for positions which have been squared off during the day. So, you can take intraday positions with SAM without any additional charges.
You have to pay a one-time/lifetime subscription fee of Rs 299 + GST.
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