About EATM

You can place eATM order by selecting eATM check box in "Cash sell" page under equity "Place Order". Also, you can place eATM order from "eATM" page under equity "Place Order”. The rest of the details that need to be filled would be the same as in a normal sell transaction.

The Brokerage rate applicable for eATM trades would be same as normal cash sell product which will be as per customer's mapped Brokerage scheme.

ICICIdirect.com offers the facility of eATM on both NSE and BSE. To view the list of scrips available for eATM please visit ICICIdirect.com:

Login > Equity> Stock list > Select the respective exchange

In order to view the list of ETFs enabled for eATM please visit ICICIdirect.com:

Login > Equity > ETF list

ICICIdirect can add/delete scrips to/from these lists for which eATM would be permitted.

Yes, at time of eATM sell you will receive funds in 5 minutes however I-Sec is providing eATM facility on as and when basis and has the full discretion to modify, delay or stop payout of funds

Yes, you may not be able to place an eATM order if in case:

Your Total Current Equity Limit is negative. You can allocate sufficient funds to Equities so that your Total Current Equity Limit becomes positive.

The daily eATM limit is breached. Please note, you will be able to place eATM orders on the next trading day with fresh limits.

Any other reasons at the discretion of I-Sec.

You can place multiple trade in eATM but limit is on total transaction value. The Minimum daily limit of eATM is Rs 50000 per customer and maximum daily limit of eATM is depend on prime or prepaid plan selected. ICICIdirect can however change this limit at its discretion. This limit is inclusive of eATM trades placed on both NSE and BSE. Please note, if this limit is breached, then you will not be able to transact in any eATM product on that day.

A certain amount of Trade Value is retained against your eATM sell transactions and kept as eATM withheld amount. This amount is retained towards recovery of brokerage and other statutory levies. The amount retained will be released in Limits after adjustment of recoveries. Once the brokerage process is carried out for that trade date, you can utilize this amount. The payout of this amount will be credited in your account, once the same is processed as per existing normal equity payout process of T+2 days.

For instance, if you place an eATM Sell order of Trade Value Rs 1,000 at 10:00 AM and the eATM withheld amount percentage is 1%, the eATM withheld amount will be Rs 10 (1% * 1000 = 10). This means you would receive a payout of Rs990 (1000-10 = 990) within a certain duration say 10:05 AM. If the amount of Brokerage and Taxes for this transaction is Rs 5, then remaining Rs 5 will be released in Limits after adjustment of recoveries. Once the brokerage is processed for that trade date, your payout for the same will be given as per the existing normal equity payout process.

You can see it in Trade Book under Details. It can also be seen on Order Verification page at the time of eATM order placement.

If there are other non-eATM trades in the same settlement, the payment or receipt of funds for those trades will be credited/debited separately on the normal payout or payin day respectively.

For instance:

Case 1:

eATM Sell: Rs 3,000

Cash Sell: Rs 2,000

Suppose the eATM withheld amount is Rs 30 then Rs 2,970 (3000-30 = 2970) will be credited in the your account during the day on transaction date itself as payout is given at frequent intervals and the balance of Rs 2,000 will be credited on the normal payout day.

Case 2:

eATM Sell: Rs 3,000

Cash Buy: Rs 4,000

Suppose the eATM withheld amount is Rs 30 then Rs 2970 (3000-30 = 2970) will be credited in the your account during the day on transaction date itself as payout is given at frequent intervals and Rs 4,000 will be debited on the T day.