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    General Queries

    Why am I receiving an SMS saying fund balance Rs. 0 sent by NSE?

    The fund balance is shown as Rs. 0 because ICICI Direct follows a 3-in-1 account model. Here’s what that means:

    • When you allocate funds for trading, the amount is blocked in your ICICI Bank account, not transferred to the broker.
    • Since the funds remain in your bank account, ICICI Securities does not have custody of your money unless a trade is executed.
    • As per NSE reporting rules, brokers must report only the funds actually held by them. Since ICICI Securities holds no funds on your behalf in this model, your fund balance is reported as Rs. 0.

    This is different from the 2-in-1 model used by other brokers, wherein funds are transferred to the broker's pool account in advance and show up in their reports.

    Important Changes to Pay-In and Payout Processing effective 14th November 2024 Why haven't I received proceeds after sale of shares? Why am I getting frequent messages from NSE regarding funds and securities balance? (ICICI SECURITIES LIMITED on DD-MM-YY reported your Fund bal Rs. 0 & Securities bal 0. This excludes your Bank, DP & PMS bal with the broker - NSE.) Update in Funds Payout & Margin Adjustment Process for Equity and F&O Trades How the fund payout process works for stocks and F&O? Why my payout amount is different from sales proceed / MTM profits ? How can I clear my outstanding amount in my ICICI Direct trading account?
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    How are mutual funds taxed? How are delisted shares taxed? Can I carry forward my capital losses? Can I offset short-term loss against long-term gain? What happens if I don’t report my losses? How are bonus shares taxed? How are stock splits reflected in capital gains? What is the difference between realized and unrealized gains? What documents should I keep before filing my ITR? What if I traded through multiple brokers? Why are pledged shares not shown in my capital gains report? How do I report foreign shares or ETFs in my ITR? What is Short-Term Capital Gain (STCG)? What is Long-Term Capital Gain (LTCG)? How are capital gains calculated? Why is my capital gain different from my actual profit? How are ETFs taxed? Are sovereign gold bonds taxable? How are REITs and InvITs taxed? What documents are required to report income/loss from derivative trades in ITR? Does brokerage get deducted while calculating capital gains? Where can I view my dividend income Why is the dividend amount in my bank different from the report? Has TDS been deducted from my income? Is dividend income taxable? Where can I check TDS deducted? Which ITR form should I file? Which income should I report while filing ITR? Can I revise my ITR if I entered incorrect capital gains? Is intraday trading treated as capital gain? How is Futures & Options (F&O) income taxed? Is STT deductible? How is inheritance of shares taxed? How are rights issues treated for tax purposes? How are ESOPs taxed? How is gift of shares taxed? What happens if I sell shares bought through IPO? What is the holding period for different asset classes?