GO Cashless in Intraday trading with Shares as Margin

Experience cashless trading with Shares as Margin

Many times traders see an opportunity to trade but face the issue of immediate arrangement of funds in order to trade in stocks. This shortage of funds leads to an opportunity loss.

We, at ICICIdirect, understand this pain and hence, we bring to you a facility with which you can use your own shares to create limits to trade when you are short on funds. This facility is Shares as Margin.

With Shares as Margin, you can generate instant limits with your existing shares available in your Demat A/C.

How to create limit?
You can create a limit by following the below steps:

· Login into your account

· Go to Shares as Margin

· Click on Pledge & Create limit and select the stock you wish to pledge

· After placing the pledge request, you will receive a link on your mobile number and email id registered with the depository

to validate the Pledge.

· To confirm, you will have to provide OTP authentication on that link. OTP will be sent to your Mobile number and E-mail id registered with the depositories.

Benefits of Shares as Margin Facility

1)Zero cost of interest for using shares as margin in Intraday trading*
2)Choose from 900+ stocks to create margin
3)Enhance your Buying power by utilizing shares that are otherwise lying idle
4)A simple and hassle free process to create limits
5)Release shares from Pledge at anytime

Charges for Pledging / Un-pledging the shares

There will be a charge of Rs. 20 + GST for Pledging / Un-pledging of Shares in accordance with depositories NSDL and CDSL. These charges are applicable on a per-ISIN basis in each instruction.
* Only applicable in intraday trades in Margin and Margin plus products