What is unique about the ICICI Direct e-Invest account?

The ICICI Direct e-Invest account is more than just a trading account. It offers a unique 3-in-1 feature that seamlessly integrates your trading account, savings bank account, and demat account. This integration simplifies the entire investment process — from placing orders to settlements — by enabling automatic fund transfers and share movements with no paperwork. With this setup, online investing becomes smooth, convenient, and hassle-free.

What is the 3-IN-1 concept?

The 3-in-1 account combines your ICICI Direct trading account, ICICI Bank savings account, and ICICI Bank demat account. For this integration to work, both the savings and demat accounts must be opened with ICICI Bank. You may choose any ICICI Bank branch convenient to you for opening your bank account.

Can I have multiple demat accounts linked to my e-Invest account?

Yes, you can link up to four demat accounts to your e-Invest account. However, four is the maximum number of demat accounts that can be linked at a time.

Can I have multiple Bank accounts linked to my e-invest account?

No, currently you can link only one bank account to your e-Invest account.

What if I already have a demat or bank account with another bank or depository?

To benefit from the 3-in-1 account integration, your trading, bank, and demat accounts must all be held with ICICI Group. Accounts held with other banks or depositories cannot be linked for this service.

Who is eligible for this service?

All resident Indians, as well as Non-Resident Indians (NRIs) residing in Gulf Cooperation Council (GCC) countries — including the United Arab Emirates, Saudi Arabia, Bahrain, Kuwait, Oman, and Qatar — are eligible to avail this service.

How do I become an ICICIdirect customer?

You can open an ICICI Direct 3-in-1 account online by visiting the ICICI Direct website or through the mobile app.

How do I request an account opening form?

You can request a visit from our representative (available in Select Cities) by registering online through our website. Alternatively, you may:

• Visit any ICICI Bank branch or centre where our representatives can assist you.


• Email us at helpdesk@icicidirect.com and our Customer Service Executive (CSE) will contact you to help complete the account opening process.

I have submitted my application. What happens next?

Your application will be reviewed, and you will be notified once it is accepted and your accounts are activated. If there are any missing or incorrect details, our representative will contact you via call or email to complete the process.

How do I know if my application has been accepted?

You can track your application status by visiting the “Know Your Account Status” section under the Customer Service page on www.icicidirect.com. You will also receive an email confirmation once your account has been successfully opened.

Do I need to maintain a minimum balance in my bank account?

Yes, the Monthly Average Balance (MAB) requirement will depend on the specific savings account variant you open with ICICI Bank.

What documents will I receive once my ICICI Direct account is opened?

Once your account is successfully opened, you will receive the following:

• A PIN mailer containing your user ID and password for ICICIdirect, sent by ICICI Securities Ltd


• A cheque book and ATM-cum-Debit Card (if a new savings account was opened), sent by ICICI Bank Ltd.


• A Membership Guide and internet banking credentials for your demat account, sent by ICICI Bank Demat Services

Note: The Transfer Instruction Delivery Booklet (TIDB) will be sent to your registered address.

When is a trading account termed as ‘Inactive’ or ‘Dormant’?

A trading account is considered inactive or dormant if no trades are placed across any exchange or segment for a period of one year. ICICI Direct does not freeze such accounts; however, any new trade initiated from an inactive or dormant account will be subject to additional due diligence and verification, as deemed necessary by ICICI Direct.

Customers are notified via email when their account is marked inactive. If no action is taken within the specified timeframe, the account may be temporarily suspended.

If I already have an ICICI Bank account and an ICICI Demat account, can I use them for online investing?

Yes, you can use your existing ICICI Bank and ICICI Demat accounts for trading. All fund transactions will be debited from or credited to the bank account linked to your ICICIdirect trading account.

What type of Bank Account can I use with my e-invest account?

You will need a savings bank account with ICICI Bank. This account must be linked to your e-Invest account. If you don’t already have an ICICI Bank account, a new online savings account will be opened for you as part of the e-Invest account setup.

How frequently can I check the status of my accounts?

You can access the status and details of your bank, demat, and e-Invest accounts online 24/7 through the ICICIdirect platform. All trade-related updates and order information are available in real time. Trade outcomes will also reflect in your linked bank and demat accounts on T+1 working day, eliminating the need to wait for statements.

What is an ICICI Bank Online Banking account?

ICICI Bank’s online banking service is called Infinity. When you open an ICICI Direct e-Invest account, a linked ICICI Bank savings account is also opened, which is compatible with the Infinity platform.

You can access Infinity via www.icicibank.com using a secure login ID and password. It allows you to view your account balance, transaction history, transfer funds, and make online bill payments.

If you've opened a new bank account or linked an existing account not registered with Infinity, your login credentials will be sent to you separately. However, this will not impact your ability to trade on ICICI Direct.

I am a new customer and have just been informed that my ICICI Direct e-Invest account is active. How do I place my first trade?

You can begin by learning how to trade through these resources:

• ICICI Direct iLearn Portal


• All Videos


• Knowledge Center

I want to buy some shares, but I don’t have money in my bank account. What should I do?

You need to first deposit funds into your ICICI Bank account. You can do this by:

• Depositing cash or a cheque using a pay-in slip


• If depositing a cheque, wait for it to clear before proceeding.

I’ve deposited a cheque but still can’t place a purchase order. Why?

There could be two reasons:

1. The cheque hasn’t cleared yet. Please check with your ICICI Bank branch to confirm the clearance status.

2. You haven’t allocated funds for trading. Even if the funds are available in your account, they need to be explicitly allocated for trading or investment on ICICIdirect.

Can I withdraw the amount allocated for trading?

Yes, just as you can allocate funds for trading, you can also reduce the allocated amount — provided it hasn’t been blocked due to any pending orders. Once funds are deallocated, they can be withdrawn from your linked ICICI Bank account.

Can I borrow or get a line of credit against my Demat Account?

Currently, this service is not offered. However, we are actively exploring such features. Your feedback on this requirement is welcome and will help shape future offerings.

On which exchanges can I buy and sell shares?

ICICI Direct provides execution capabilities on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

What kind of orders can I place?

You can place two types of orders:

• Limit Order: You specify the maximum price you are willing to pay for a buy order, or the minimum price you are willing to accept for a sell order. The trade will only be executed if the market reaches your specified price or better.


• Market Order: This order executes at the best available price in the market at the time of placement. It typically has a higher chance of execution. Market orders can only be placed during exchange trading hours.

Which shares can I buy and sell?

You can trade shares listed in the Cash Segment that are in compulsory dematerialised form on NSE and BSE. The list of eligible stocks is updated regularly based on regulatory guidelines.

Additionally, select stocks are available for trading in the Margin Segment as well.

Will I get online confirmation of orders and trades?

Yes, all orders and trades are confirmed online in real time. Once you place an order, it is validated and sent to the exchange without any manual intervention.

You can track the status in the Order Book. At the end of the trading day, you will receive:

• An email confirmation of your trades


• Digitally signed contract notes via email


• Access to contract notes under:
  Login >> Stocks >> Reports >> Digital Contract Note

Is it guaranteed that an order will be executed in full or at one price?

No. Execution depends on market conditions:

• A limit order may remain unexecuted if there are no matching bids or offers at your specified price


• Partial executions are possible. The remaining quantity becomes a new order for the balance.


• Each executed portion could happen at a different price, especially in fast-moving markets.

• If no matching orders exist, the unexecuted quantity is automatically converted into a limit order at the last traded price.


• If the last trade happened at ₹100, and only 40 out of 100 shares were sold, the remaining 60 will be converted into a limit order at ₹100.


• If the last execution occurred at ₹95, then the limit for the remaining order will be ₹95.

Can I modify my order?

Yes, you can modify your order any time before it is executed. To do this, go to the Order Book on ICICI Direct and click the ‘Modify’ link next to the relevant order.

However, you cannot modify an order while it is queued with the exchange (i.e. when confirmation is pending). If the order is partially executed, only the unexecuted portion can be modified.

Can I cancel my order?

Yes, you can cancel any order that hasn’t been executed yet. Visit the Order Book and click the ‘Cancel’ link next to the order you wish to cancel. If the order is already partially executed, only the unexecuted portion can be cancelled.

Can I place orders after trading hours? What happens to them?

Yes, you can place limit orders after trading hours. These are queued in the system and sent to the exchange when the market reopens (either in the pre-open or normal trading session). The order status will show as ‘Requested’ in your Order Book until it's sent to the exchange.

Do I need funds before placing a buy order?

Yes, you must have sufficient funds in your linked ICICI Bank account before placing a buy order. Alternatively, if you've sold shares, you can use the sale proceeds to buy other shares.

Can I go short?

Yes, short selling is allowed in the Margin Product. However, short positions must be squared off before the specified time on the same trading day. You cannot short sell under the Cash Product, where you may only sell shares that are available in your demat account.

How will I be informed of my trade execution?

Trade executions are confirmed online in real time. You can view order status in the Order Book, where it updates to ‘Executed’ or ‘Part Executed’ accordingly. Details of executed trades are also available in the Trade Book by clicking the relevant Order Reference Number.

Additionally, you will:

• Receive an email confirmation


• Get a digitally signed contract note at the end of the day


• Be able to download your notes under:
  Login >> Stocks >> Reports >> Digital Contract Note

You can choose to receive trade confirmations either per trade or consolidated at the end of the day.

What is a contract note?

A contract note is a legally valid confirmation of the trades executed on your behalf during a trading day. It includes trade details in the prescribed format and is shared in duplicate — one copy for you and one for the broker. This document formalises the trade between you and the brokerage.

Can I trade on margin?

Yes, margin trading is available on select stocks. You can use this facility to buy or sell shares with partial capital upfront, subject to eligibility and risk profiling.

What is a Disclose Quantity (DQ) order?

A Disclosed Quantity (DQ) order allows you to show only part of your total order quantity to the market at a time.

For example:
If you place an order to sell 1,000 shares with a DQ of 200, only 200 will be visible to the market initially. Once that’s traded, the next 200 will be revealed, and so on.

• On NSE, DQ must be at least 10% of the total order but less than the full order quantity.



• On BSE, the DQ must be at least 10% or 1,000 shares, whichever is lower, and also less than the full order quantity.

What are price bands?

Exchanges define price bands to limit how much a stock can move in a single trading day.

• Most stocks can move within a band of ±20% from the previous day’s closing price.


• Stocks under derivatives or with high volatility may have tighter bands like ±5% or ±10%.


• Orders placed outside the permitted range are rejected by the exchange system.

Why am I unable to place certain orders or perform certain actions in this product?

Certain orders and actions have been restricted to comply with regulatory norms related to securities settlement. As per SEBI guidelines, netting off of trades has become mandatory, which limits some order types and actions.

To view the full list of restricted features, please refer to the detailed guidelines on the ICICIdirect platform click here..

What is Buy Today Sell Tomorrow® (BTST®) ?

Buy Today Sell Tomorrow® (BTST®) is a facility that allows you to sell shares even before they are credited to your demat account. This means you don’t have to wait for the standard settlement (T+1) to complete.
With BTST®, you gain early liquidity as you can exit the position on the same or next trading day without waiting for delivery from the exchange.

How can I place a BTST®order ?

To place a BTST®order:

1. Go to the Security Projections page on ICICIdirect.
2. Click the BTST® Sell hyperlink next to the relevant stock.
3.Fill in the order details, similar to a normal cash sell order

Can I place a BTST® order through the normal Cash Sell order entry page?

Yes, you can place a BTST® order using the Cash Sell order entry page. However, if the order quantity exceeds your total available quantity (i.e. day’s buy quantity + demat allocation), the system will automatically split your order into two parts — regular sell and BTST®sell.
Example:
Let's say:

• Day buy quantity for ACC = 10


• Demat allocation quantity for ACC = 20


• Total BTST® eligible quantity = 30


Case 1: Placing a Cash Sell order for 45 shares on NSE:

The system will automatically break the order as follows:


• 30 shares (Day Buy + Demat Allocation) – placed as a normal sell order on NSE


• 15 shares – placed as a BTST® sell order on NSE

Case 2: Placing a Cash Sell order for 45 shares on BSE:

The system will break it into:


• 30 shares (Day Buy + Demat Allocation) – normal sell order on BSE


• 15 shares – BTST® sell order on BSE

• The order quantity is added to the Blocked Quantity


• The Available Quantity is reduced accordingly
You can continue placing additional BTST® or normal sell orders up to the available quantity

• During the day: BTST® quantity is shown as both blocked and adjusted against same-day transactions


• After EOD: Your holdings and limits are updated to reflect netting outcomes


Despite interim display changes, you can place cash sell orders up to the net bought quantity during the trading day.

• Low liquidity


• Exchange surveillance lists (e.g., GSM)


• Stocks linked to suspicious messaging activity (e.g., fake SMS scrips)


ICICI Direct reserves the right to modify this list at its discretion.

• The exchange may deliver shares via auction or may close out your buy trade.


• However, by the time the auction is processed, your sell-side settlement may already be due.


• In this case, you will be liable for auction penalties, losses, and other incidental charges.


• ICICI Direct will not be responsible for short deliveries from the exchange or any resulting impact.


• Your cash limits will be reduced temporarily to cover the potential auction loss. These limits will be adjusted once actual auction proceeds are known.

• A shortfall from the clearing corporation


• An invalid or dormant mapped demat account

Example:

You buy 100 shares on Monday. If a shortfall occurs on Tuesday (settlement day), and you receive only 40 shares via auction on Wednesday:

• 40 shares will appear in your demat holdings


• For the remaining 60 shares, funds will be credited once received as part of a close-out

• Your cash limit will be blocked equal to the value of the sell trade plus a 20% markup, regardless of your available limit.


• On T+2, shares will either be received through auction or funds will be credited for the shortfall.

• ₹12,600 (105 × 100 + 20%) is blocked


• On T+2, if 40 shares are received via auction, the rest (60 shares) are settled via fund credit (e.g., 60 × ₹107 = ₹6,420)

• BTST® sell quantity will be adjusted against both auction delivery and your existing holdings


• The remaining shares will be deducted from your demat holdings


• Funds for the shortfall portion will be credited after the close-out

• On T+2, if you receive 40 shares via auction, they are adjusted against the BTST sell


• The remaining 60 shares are deducted from your existing 1,000-share holding


• Updated holding = 940 shares


• Close-out amount for 60 shares will be credited to your account

• Enter the total demat balance quantity as pre-populated.


• The difference between the unallocated (free) quantity and the previous day’s buy quantity will be auto-allocated.


• If the scrip is BTST-enabled, shares bought the previous day can be sold.

• For Cash Sell, place the order via the Place Order or Demat Holdings page.


• For BTST® Sell, use the Securities Projection (BTST) page.

Example:

• You have 100 free shares and bought 40 more yesterday.


• On the next day, you can allocate 60 shares and place a Cash Sell order, while the remaining 40 can be sold via BTST®

• You bought 100 shares earlier, and 40 shares yesterday.


• On T+2, 100 shares get auto-allocated.


• You can now:


• Place a Cash Sell order for 100 shares


• Place a BTST® Sell order for 40 shares

What is a settlement cycle?

The settlement cycle is T+1, which means trades are settled one business day after the trade date.

If I have purchased a share, do I have to take delivery?

• Rolling Segment: You may sell the share before the end of the settlement cycle. However, if you hold it beyond the cycle, you must take delivery by paying for it.


• TT Segment: Settlement is done without netting off positions. If you purchase shares, you must mandatorily take delivery. Selling the same shares in the same settlement is not allowed.

If I have sold some shares, can I use the cash projections from the sale to buy other shares?

Settlement of funds is done on a net basis for each segment:

• Cash from sale of TT Segment stock can be used only to buy TT Segment stocks.


• Cash from sale of Rolling Segment stock can be used only to buy Rolling Segment stocks.


• No cross-usage is allowed between TT and Rolling segments in the same settlement.

Why is part of my sell trade value for Cash product transactions being withheld for the day?

As per SEBI regulations, 20% of the sell value is required as upfront margin. Hence, only 80% of the sell value is made available for fresh trades on the same day, and the withheld 20% is released after market hours for the next trade date.

• If the sell trade follows a buy trade (same stock, same exchange, same quantity): The transaction is treated as intraday (except BTST and CTD sells), and no margin is withheld.


• If the sell trade is done first, then a buy trade: The sell is treated as a delivery transaction, and 20% margin is withheld.


• BTST Transactions:


○ T+1 day in T+2 settled stocks: 40% of the sell value is withheld. Half of this (20%) is released at EOD on T+1, and the rest on T+2.

○ T+2 day in T+2 settled stocks or T+1 day in T+1 settled stocks: 20% of the sell value is withheld and released the next trade day (similar to cash sells).

Example

• On Sept 21, if you sell stock in BTST (bought on Sept 20) for ₹100:
  
  ○ ₹40 will be withheld, ₹60 released instantly.
  
  ○ Out of the ₹40 withheld, ₹20 is released at EOD on Sept 22, and the remaining ₹20 at EOD on Sept 23.

You can view withheld amounts in the Trade Book (Equity) or under ‘Converted to Delivery’ on the Margin page.

If I have sold, do I have to give delivery of shares?

• Rolling Segment: You may buy back the shares before the end of the settlement cycle. If not, you must give delivery from your demat account.


• TT Segment: There is no netting-off. If you sell shares, you must mandatorily give delivery. Any purchases in the same settlement are treated separately and do not offset the delivery obligation.

I buy a share, how will the payment be made and how will I get the shares?

• Payment: Made on the Pay-In day, based on the settlement cycle and the exchange. The money is debited directly from your linked bank account.



• Shares: Received from the exchange and automatically credited to your demat account.

I have bought some shares but some amount has not been deducted from my bank account.

The amount is debited from your linked ICICI Bank account on the trade day itself. You can check the exact debit date on the Cash Projection page.

I have bought some shares but they have not come into my demat account.

Shares are credited to your demat account on the Pay-Out day (T+1 working day).

• The Order Verification screen at the time of placing a buy order shows the expected credit date.



• Alternatively, if shares are not received due to short delivery by the counterparty broker, the exchange conducts an auction to procure them.



• If shares are still not received in the auction, the exchange recovers penalty from the defaulting broker and compensates the buyer with the equivalent consideration.

I have sold some shares but the payment has not come into my bank account.

Sale proceeds are credited to your linked bank account on the Pay-Out day (T+1 working day).

What is a short delivery?

Short delivery occurs when a seller fails to deliver shares (partly or fully) during a settlement cycle.
You can view details of any short delivery in the My Messages link under the Equity page.

What is an auction?

An auction is conducted by the exchange to fulfill delivery obligations to buying members when selling members fail to deliver shares.

• If shares are short-delivered, bad deliveries, or company objections are not rectified, the exchange buys the required quantity from the market and allots them to the buyer.


• Auctions are generally held on Fridays.

What factors give rise to an auction?

The primary reason is short delivery of shares by selling members.

What happens if the shares are not bought in the auction?

If shares cannot be bought in an auction:

• The transaction is financially closed out as per SEBI guidelines.


• The close-out price is the higher of:
  
  ○  The highest traded price of the scrip between the trade day and the auction day, OR
  
  ○  20% above the last available closing price on the auction day.


• Funds are adjusted during the pay-in/pay-out process of the relevant auction.

What happens in case of Internal Shortage within ICICI Securities (when both Buyer and Seller are ICICI Securities’ clients)?

Internal shortage occurs when both the buyer and seller are ICICI Securities’ clients and the seller defaults in delivering securities. In such cases, the buyer may not receive shares on the settlement day (T+1).

As per SEBI Circular (SEBI/HO/MIRSD/MIRSD-PODI/P/CIR/2024/75 dated June 05, 2024) and NCL Circular (NCL/CMPFT/66688 dated February 14, 2025, effective February 25, 2025):

• Securities payout will be credited directly to the client’s demat account by the clearing corporation/depositories (NSDL/CDSL).


• For any shortage (including internal shortages), brokers must use the auction mechanism prescribed by the clearing corporation (CC).


• The policy for settling shortages will follow CC guidelines from time to time.

• All internal shortages will be reported to CC, which will conduct an auction.


• Settlement-wise and product-wise (Cash Sell, ATM, BTST, MTF Sell/BTST, SPOT Sell, etc.) shortages will be reported on settlement day.


• CC will debit the auction valuation amount from ICICI Securities’ settlement account, which will be blocked from the seller’s funds/securities.


• If shares are not received in the auction due to reasons like valuation not paid, corporate action, unsuccessful auction, or incorrect reporting, the position will be financially closed out at the CC auction rate or, if unavailable, at CC’s close-out rate.


• If neither auction nor close-out rate is available, the highest price of the scrip from Trade Day to Settlement Day will be used as the internal shortage close-out rate.


• Auction/close-out charges debited by CC will be recovered from the seller client.

• If the buyer does not receive securities on settlement day, CC will conduct an auction and credit shares on the auction settlement day.


• If securities cannot be delivered even after the auction, the position will be financially closed out at CC’s close-out rate (or, if unavailable, at the internal shortage close-out rate — the highest price from Trade Day to Settlement Day).


• Auction amounts will be credited to the buyer on auction settlement day or within one working day thereafter.

• If an MTF buy position is marked for payout shortage, the position will continue until auction settlement day.


• If securities are received and marked under MTF pledge, the position continues as is.


• If securities are not marked under MTF pledge, the position will be squared off.


• If CC does a financial close-out on auction settlement day, the quantity will be closed through “Convert to Delivery” (CTD) mode, and any close-out amount will be credited to the client.


• If the client squares off the MTF position before auction settlement day, it will be treated as a sell shortage and settled under the above process.

• If securities are received in auction → they will be auto-pledged under MTF and made available to you.


• If funds close-out is received → ICICI Direct will close your MTF open position (to the extent of shortage) using the Convert to Delivery (CTD) feature. The equivalent funds will be credited once received from the Clearing Corporation.

What is CUSPA? (Client Unpaid Securities Pledgee Account)

The shares bought under delivery products which are not fully or partly paid shall be transferred to the ‘Client Unpaid Securities Pledgee Account’ (CUSPA) and the same shall be auto-pledged in favour of ICICI Securities Ltd under CUSPA. The outstanding obligation at the end of T-day, along with combined ledger balances, shall be considered for the calculation and accordingly the shares will be considered for pledging under CUSPA. Communication about outstanding obligations shall be sent to the client via ‘Email’ and ‘My Messages’ about and Clearing Corporation shall transfer the shares to CUSPA.

What actions does ICICI Securities take to liquidate CUSPA shares if I do not fulfil my outstanding payment obligations?

On settlement date, such shares are eligible for Buy Today and Sell Tomorrow (BTST) transactions. However, if the customer fails to clear the outstanding obligation on the settlement date, ICICI Securities will liquidate the pledged securities to recover dues on T+2 days onwards on the best-efforts basis. Brokerage & charges as applicable.

How can my shares will be released from CUSPA?

If you fulfil the outstanding funds obligation on or before the settlement and before CC transfers, then such shares pledged to CUSPA will be released and the securities will be available as free balance in your demat account. In case only partial outstanding balance is cleared, then proportionate shares shall be released after the completion of the required processes.

Why am I unable to place certain orders when that stocks are present under CUSPA holdings?

If you have any stocks held under CUSPA holdings, you won’t be able to place new orders in the below products in both the exchanges until the shares are marked under CUSPA.
1. MTF Buy
2. Cash Buy including SEP / OneClick etc.
3. GTT
4. MTF T+n day CTD

What is Margin Trading at ICICI Direct?

Margin trading allows you to take buy/sell positions in stocks with the intention of squaring them off within the same settlement cycle.

• If the stock price moves in your favour (rises for a buy position or falls for a sell position), you make a profit.


• If it moves adversely, you incur a loss.

• 100% of order value for a buy in Cash segment.
• Shares in your demat account for a sell in Cash segment.

Why is my Pledge not confirmed in MTF?

Under the Direct Payout facility, shares purchased under MTF are transferred to your mapped demat account followed by creation of an auto-pledge in favour of ‘Client Securities under Margin Funding Account’. If the pledge cannot be established due to an inactive, frozen, or suspended demat account or any other reason which are beyond our control, I-Sec reserves the right to settle, square off, or close out such unconfirmed positions within five trading days from the payout date.

What is CSMFA (Client Securities under Margin Funding Account) and why are my shares auto pledged in MTF in CSMFA?

It is an account the broker maintains with the depositories to manage pledges of securities bought through the Margin Trading Facility (MTF). When you purchase shares under MTF, they are automatically pledged in favour of ICICI Direct – CSMFA in your demat account. If the pledge cannot be created, any unconfirmed MTF position will be squared off (closed) within five working days of the payout date.

How is Margin Trading different from trading in the Cash segment?

• In Cash Segment, all trades are meant for delivery unless squared off. For example, if you buy 100 shares of Reliance in Cash, you must pay the full value and receive delivery in your demat.


• In Margin Segment, positions are primarily meant for squaring off within the settlement. You only pay a margin percentage instead of the full value.

• Cash Buy: To buy 100 Reliance shares at ₹2,000, you need ₹2,00,000 blocked in full.


• Margin Buy: For the same 100 shares, only a % (say 20–25%) of order value is blocked. If Reliance rises, you profit; if it falls, losses increase due to leverage.


• Margin Sell: You can sell without holding shares in demat, but sufficient limit must be available.

• Cash = Full value blocked.


• Margin = Partial value blocked (higher leverage, higher risk)

What do ‘Broker Square Off’ and ‘Client Square Off’ mean?

• Broker Mode: All unexecuted margin orders and open positions marked as ‘Broker’ are automatically squared off by ICICI Direct during the End of Settlement (EOS) process.


• Client Mode (also called Margin Trading Facility – MTF): Positions remain open for up to 360 days. It is the client’s responsibility to square off before the stipulated time.

Can I place Broker Square Off and Client Square Off mode orders on NSE and BSE?

Yes. Both Broker and Client square off mode transactions are allowed on NSE and BSE, with the 360-day limit applicable to Client mode positions.

What is the ‘Intraday’ page?

The Intraday page displays margin positions taken in the current settlement cycle. It allows you to:

• Add Margin – Increase margin for your open positions.


• Convert to Delivery (CTD) – Convert margin position to Cash and take delivery.


• Square Off – Close your position by placing a square off order.

What is the ‘MTF (Pay Later)’ page? What are the details available on the ‘MTF’ (Pay later) page?

The MTF (Pay Later) page displays all your open margin buy positions taken in Client square off mode that were not squared off in earlier settlements.

Details available on this page include:

• Stock Code & Expiry Date


• Open Quantity


• Average Price vs Current Price


• Initial Margin & Amount Payable


• Minimum Margin & Available Margin


• Profit/Loss & Additional Margin Required


• Action options (Sell, Add Margin, Convert to Delivery)

• Settlement Number


• Convert to Delivery Quantity


• Profit/Loss %


• Squared off Quantity


• Exchange & Trade Date


• Cover Order Quantity

Is there any impact on my position if a corporate action takes place in the scrip?

Yes. In case of a corporate action (e.g., Bonus, Split, Rights Issue), your open MTF positions may be squared off earlier than the number of days specified on the MTF (Pay Later) page. Fresh positions in that scrip will also be restricted until trading is re-enabled.

Example: If you bought 100 shares of TISCO at ₹300 on March 11, 2016, and March 17, 2016 is the ex-date for Bonus, your position would be squared off 1–2 days before the ex-date. You would also not be allowed to create fresh positions in TISCO for a few days around the corporate action.

Can I place Margin orders at any time during the day, including late market hours?

Yes

• In Margin Client Square Off mode, you can trade till 3:30 p.m. (or till the market is open).


• In Margin Broker Square Off mode, you can trade till the End of Settlement (EOS) process is run for the day.


• After EOS, only Buy positions in Client Square Off mode are permitted (in eligible scrips).

Which stocks are eligible for Margin Trading? Why is the list limited?

Margin trading is allowed only in select stocks that meet exchange requirements for liquidity and trading volume. These stocks account for over 95% of total market turnover.

• The list of eligible stocks is available under the Stock List page on the Equity section.


• ICICI Direct may add or remove stocks from this list at its discretion without prior notice.

How do I place a Margin Buy/Sell order?

• To place a Buy order in Margin, you need to visit the 'Place Order' page under Equity Transact section and select 'Intraday’ tab and select ‘Buy’ option.


• To place a Sell order in Margin, you need to visit the 'Place Order' page under Equity Transact section and select ‘Intraday' tab and select ‘Sell’ option.

How do I pledge my Client-MTF positions?

As per SEBI’s February 25, 2020 circular:

• All funded stocks under MTF must be pledged in favour of ICICI Securities.


• From Feb 24, 2025 trades onward, shares bought under MTF will be auto-pledged on the settlement day (no OTP confirmation required).


• The pledge is created in your demat account in favour of ICICI Securities ‘Client Unpaid Securities Margin Funding Account’ (CUSMFA).

Are there additional charges for pledging MTF shares?

Yes. Depository charges (NSDL/CDSL) apply on a per-ISIN basis:

Type of Instruction	Charges (per ISIN)	Effective Date
MTF Pledge Creation/Closure/Invocation	₹25 + GST	April 4, 2025

How is delivery managed when I sell MTF-funded shares?

When you sell MTF-funded shares, ICICI Securities will invoke the pledge on those shares to meet the delivery obligation, regardless of whether the sale is initiated by you, your dealer, or due to a risk trigger.

Can I short-sell shares I don’t hold in my demat account?

Yes, you can short-sell using the Margin product. However, such positions must be squared off the same day before the EOS process. Open net short positions cannot be carried forward.

Can I place Overnight Orders in Margin Broker Square Off mode?

No. Overnight Buy/Sell orders are not permitted in Broker Square Off mode.

Can I place Overnight Orders in Margin Client Square Off mode?

Yes.

• Fresh Overnight Orders (Buy/Sell) can be placed from the MTF (Pay Later) tab under Place Order.


• Square Off Overnight Orders can be placed from the MTF (Pay Later) page itself.

What happens after I place an overnight Margin – Client mode order? When will my order be sent to the exchange?

Your overnight client mode order will appear in the Order Book with the status Requested. These orders are sent to the exchange when trading resumes in the next session.

When will my overnight order in ‘Requested’ status become ‘Ordered’?

Overnight orders move to Ordered status once sent to the exchange:

• In the pre-open session for pre-open enabled stocks.


• In the normal market session for other stocks.

Is there any change in margin blocking for overnight orders?

No. Margin blocking remains the same as per the existing rules.

Can I place orders in the pre-open session?

Yes. You can place orders in the pre-open session, but only for pre-open enabled stocks and in Margin Client Square Off mode.

Are shares blocked in DP when a sell order is placed in the margin segment?

No. Unlike the Cash segment, shares are not blocked in your demat account when you place a sell order in Margin.

Can I trade in Margin and Cash on the same day in the same scrip?

Yes. You can trade in both Cash and Margin on the same day in the same scrip, on the same exchange or across different exchanges, irrespective of the Margin square off mode.

Can I convert a pending Margin order into a Cash segment order?

No. Only executed Margin positions can be converted to Delivery (Cash). Pending Margin orders cannot be converted — you will need to cancel the Margin order and place a fresh Cash order.

Can I take Margin positions with Client mode if unsettled positions exist in Cash?

Yes. You can take Margin positions with client mode even if unsettled positions exist in Cash. All unsettled Cash positions can be viewed under the Securities Projection page in Equity.

Can I choose different square off modes in the same scrip on different days?

Yes. You can choose one mode (Broker/Client) for a scrip on one day and another mode on a different day. However, you cannot have different modes for the same scrip on the same day across exchanges.

I hold a position in a scrip in the MTF (Pay Later) page. Can I place Cash orders in the same scrip?

Yes. You can place Cash buy or sell orders in the same scrip on the same or different exchanges. Alternatively, you may:

• Convert your MTF position to Delivery (Cash) using the Convert to Delivery option, or


• Place new Margin orders (Broker/Client mode) in the same scrip.

I have squared off my position in Pending for Delivery. Can I place Cash orders in the same scrip today?

Yes. You can place Cash sell orders in the same scrip on the same or different exchanges after squaring off your Pending for Delivery position. You can also place fresh Margin orders in the same scrip on the same day.

Can I place Margin orders in Client mode in a scrip where I have pledged shares as margin?

Yes. You can place Margin orders in Client mode even if you have pledged shares as margin in the same scrip, and vice versa.

Is the facility to buy in Client Square Off mode available for all scrips?

No. This facility is available only for select securities.

How can I know which securities have the Client Square Off facility?

You can check the list under:
Stock > Services > Stock List > Intraday/Pay Later – MTF column.
If the column shows Y, the facility is available; if it shows N, it is not.

How do I differentiate between Margin and Cash orders in the Order Book?

To distinguish between the two order types, ‘Intraday’ for Margin orders with yellow background and 'Delivery' for Cash orders with white background will be displayed in the order book.

How can I view my open Margin positions?

• For same-day positions: Visit the Intraday link under Open Positions. The table shows stock details, buy/sell position, open quantity, average price, current price, MTM profit/loss, and total margin blocked.

How can I change the square off mode of my open Margin positions?

To change the square off mode of Margin positions click on:

'Change Mode' link on the 'Margin Positions' page in case of positions taken in current settlement.

The 'Square off mode' column on this page displays the current mode of square off chosen by you for that position. 'Change Mode' link will display the square off mode selected which is not currently chosen by you for the position. On clicking the 'Submit' button, you can change the square off mode. For example, if your current square off mode is 'Broker', on clicking the 'Submit' button, you can change the square off mode to 'Client'.

Please note, you can change the square off mode from Margin Position page anytime before the EOS process is run for the day.

How many times can I change the square off mode?

You can change the square off mode of a position as many numbers of times as you want from Margin Position page till the time the EOS process is run. After the EOS process the square off mode of Margin positions cannot be changed.

Why am I not able to Convert to Delivery (CTD) certain existing Margin and MTF positions?

The Convert to Delivery (CTD) feature will be disabled during the MTF Corporate Action:

→For Split: Record Day and Record +1 day.

→For Bonus: Record Day, Record+ 1 day and Record +2 day.

As per Regulatory requirements regarding securities settlement, netting off of customer's trades has become mandatory. In order to comply with these regulatory norms, we have restricted certain orders and actions for the customers. In order to view the full list of restrictions please  click here..

How much margin is blocked when placing a Margin order?

Margin is blocked at the applicable percentage of the order value:

• For market orders, margin is blocked based on the last traded price.


• On execution, the blocked margin is adjusted to the actual execution price.

Is the margin percentage uniform for all securities?

No. Margin percentage varies depending on:.

• Liquidity of the security


• Volatility of the stock


• General market conditions

Is margin blocked on all margin orders?

No. Margin is blocked only on fresh margin orders that create new positions.

• Cover orders (placed to square off existing executed positions) do not attract margin.


• If part of the order is fresh and part is cover, only the fresh portion attracts margin.

• You bought 100 shares of Reliance in Margin. If you now place a sell order of 100 Reliance shares, it will be treated as a cover order and no margin will be blocked.


• If you place a sell order for 150 Reliance shares, 100 will be treated as cover (no margin), but the additional 50 will attract margin.


• Cover order applies only against executed trades, not pending orders. For example, if you have a pending buy order of 100 TISCO shares and place a sell order of 100 TISCO shares, the sell order is treated as a fresh order and margin is blocked.

Is there any impact on the limit after a buy/sell order in Margin is executed?

Yes. Execution of Margin orders affects your trading limits:

• Fresh position: Margin blocked is adjusted as per the execution price, and limits are updated accordingly.


• Cover order: Margin blocked on the squared-off position is released, and P&L is adjusted. Profit is withheld for the day and added later.

When is margin blocked on margin positions released?

Margin is released when:

• A Margin sell position is squared off or converted to Delivery.


• A Margin buy position is squared off.

What is meant by ‘squaring off a position’? What is a cover order?

• Squaring off: Closing an existing Margin position by placing the opposite order.


• Cover order: The order placed to square off an open position.

How do I place a square off order in Margin to close my open positions?

• For positions created during the day: Use the normal buy/sell page or click Square Off hyperlink on the Intraday page.


• For positions from earlier settlements: Use the Square Off link on the MTF (Pay Later) page.

How does the profit and loss get recognized on execution of square off (cover) orders?

Profit and Loss is calculated by comparing:

• The execution price of the square off order, with
• The weighted average price of the original position.

• 50 shares @ ₹110 = ₹5,500


• 50 shares @ ₹90 = ₹4,500


• Weighted Average = ₹10,000 ÷ 100 = ₹100 per share

• Profit = 60 × (105 – 100) = ₹300

In case of profit or excess margin, can I reduce the margin blocked to increase my limit?

No. Margin cannot be reduced manually. It is released only when:

• You cancel an unexecuted margin order, or


• You close out an existing margin position.

Where can I see the quantity squared off for positions taken in earlier settlements?

Click on the Stock Code in the MTF (Pay Later) page. A detailed view will open showing the squared-off quantity.

Is it compulsory to square off all Margin positions within the settlement?

Yes. All open Margin positions (except those converted to delivery) must be squared off within the settlement.

What happens if for some reason margin positions remain open at the end of settlement?

If margin positions remain open at the end of the settlement, ICICI Direct will attempt to square them off on a best-effort basis. However, the responsibility lies with you to close your positions. If positions are not closed, you must arrange the required funds/securities for settlement, and you will be liable for any consequences such as auction, penalty, or interest.

What will happen if MTF positions are not squared off by me in the same settlement?

MTF positions not squared off on the same day will be moved to the Pending for Delivery page. You must either:

• Convert them to delivery (Cash) by clicking Convert to Delivery, or


• Square them off by clicking Square Off.

What does End of Settlement (EOS) mean? What is the stipulated time for running the EOS and which positions are squared off?

End of Settlement (EOS) is a process where open margin positions not squared off within the stipulated time are identified and squared off by ICICI Direct.

ICICI Direct runs two types of EOS processes:

• EOS for current settlement:
  
  ○ All unexecuted Broker square off mode buy/sell orders and open Broker mode positions are cancelled/squared off.
  
  ○ Action depends on the type of position and pending orders:
  
  

  S.No. Open Position Pending Orders Action         1 Broker Mode Sell Client Mode Buy Cancel     Broker Mode Buy Cancel     Broker Mode Sell Cancel         2 Broker Mode Buy Broker Mode Sell Cancel Broker Mode Buy Cancel         3 Client Mode Buy (T Day) Client Mode Buy Not Cancelled Broker Mode Sell Cancel         4 No Open Position Broker Mode Buy Cancel Broker Mode Sell Cancel Client Mode Buy Not Cancelled

  
  
• EOS for earlier settlements:
  
  ○ Unexecuted square-off orders for earlier settlements are cancelled.
  
  ○ Buy positions in Client mode (seen on Pending for Delivery page) are squared off.
  
  ○ The stipulated time for earlier settlement EOS is displayed daily on the Pending for Delivery page. If it cannot be run on the scheduled day, I-Sec may run it on the next trading day at its discretion.
  
  

Will all open positions be squared off when the EOS process is run?

• Sell positions: All open Sell positions are squared off by ICICI Direct on best-effort basis.


• Buy positions:
  
  ○ Only Buy positions in Broker mode are squared off by ICICI Direct during EOS.
  
  ○ Buy positions in Client mode are your responsibility. These remain open until the permitted holding period, after which ICICI Direct may square them off if required funds are not brought in.

Will the current settlement EOS process cancel my pending Sell orders if I have an Open Buy position in Client mode on T Day?

The EOS (End of Settlement) process will cancel your pending Sell orders only if the total quantity of your pending Sell orders exceeds your open Buy position quantity in Client mode for that scrip.

• If your Sell order quantity equals or is less than your open Buy position quantity, the orders will not be cancelled as they are treated as square-off orders.


• Open Buy positions in Client Square-off mode are not squared off by the EOS process.

Case 1 – Sell orders exceed open position:
• Open Buy position: 100 qty


• Pending Sell orders: 60 + 40 + 30 = 130 qty


• Since Sell orders (130) > Open position (100), all Sell orders (130) will be cancelled by EOS.

Case 2 – Sell orders equal open position:
• Open Buy position: 100 qty


• Pending Sell orders: 60 + 40 = 100 qty


• Since Sell orders (100) = Open position (100), Sell orders will not be cancelled (treated as square-off orders).

Case 3 – Sell orders less than open position:
• Open Buy position: 100 qty


• Pending Sell orders: 10 + 20 + 15 = 45 qty


• Since Sell orders (45) < Open position (100), Sell orders will not be cancelled (treated as square-off orders).

Will the current settlement EOS process cancel all my pending Buy orders if I have a Sell open position on T Day?

Yes. All pending Buy orders (Broker and Client mode) will be cancelled if you have a Sell open position. After cancellation, your Sell position will be squared off in the EOS process.

Can Margin Sell Orders be modified after the End of Settlement process?

No. Once the EOS process is run, Margin Sell orders cannot be modified.

Are there any client-wise, stock-wise position limits for Client Mode positions?

Yes. There are position limits defined by ICICI Direct for Margin Trading Facility (MTF). If these limits are breached, I-Sec may square off positions at its discretion.

Example :

If the client-wise limit for ITC is ₹40 Cr but your position reaches ₹41 Cr, ICICI Direct may square off part of your position to bring it within limits.

Are there any Overall Stock limits for Client Mode positions?

Yes. There are overall stock-wise limits for Client Mode positions. If these limits are breached, ICICI Direct reserves the right to square off your positions at its discretion.

Is there any single client exposure limits for Margin Trading Facility as per SEBI guidelines?

Yes, there is single client exposure limits for Margin Trading Facility as per SEBI guidelines and if this limit is breached then I-Sec reserves the right to square off the positions at its discretion.

Example :

Suppose the Max allowable client wise exposure limit is 30 Cr. and Client positions is 32 Cr which exceeds the limit of 30 Cr. then the position of customer may get squared off by I-Sec at its discretion to bring client positions within the above limit.

Is there any Max allowable exposure limits for Margin Trading Facility as per SEBI guidelines?

Yes, SEBI has given Max allowable exposure limits to Trading Members for Margin Trading Facility and if this limit is breached then I-Sec reserves the right to square off the positions at its discretion.

Where can I declare Promoter/Promoter Group status?

You can declare Promoter/Promoter Group status from 'Update Promoter Status' link available on below mentioned pages :

1. 'Pending for Delivery' page
2. 'Block/Create Limit' and 'Blocked Securities' pages under 'Shares as Margin'

Why declaration of stocks in which I am part of Promoter/Promoter Group is required?

You are required to declare the stocks in which you are part of Promoter/Promoter Group as per SEBI guidelines as this declaration will be used for reporting to exchanges if you have taken MTF position in such stocks or given them as collateral. Also, you can add / delete your promoter status by addition / deletion of record through 'Update Promoter Status' link.

Please note for all other not declared stocks, you will be considered as Non Promoter for the purpose of reporting your transactions to exchanges under the Margin Trading product as per SEBI guidelines.

Will my Margin Trading Facility positions may get squared off if the Stock in which I have taken position moves out from the eligible list of Stocks?

Yes, your Margin Trading Facility position may get squared off by I-Sec at its discretion in case the Stock in which you have taken the position moves out from the eligible list of Stocks.

What is meant by 'Convert to Delivery' ?

'Convert to Delivery' (CTD) is an option through which you can convert a Margin open position into a Cash position and receive or give delivery of shares thereof. You can do CTD of your Broker mode or Client mode position from Open position page on T Day before End of Settlement Process for Broker Mode and Trading hour for Client mode. Margin Client mode/MTF positions, CTD request will not be allowed to place for non - trading days and for trading days post 10:30 pm.

For example,

1. If you have a margin position of 'Buy 100 Reliance Shares' marked either in the Client square off mode or the Broker Square off mode, you can choose to receive delivery against the same by choosing the 'Convert to Delivery' option on T day any time till End of Settlement or Trading hours for Broker Mode and Client mode respectively. You can convert even a part of the total quantity of 100.
2. If you have a margin position of 'Sell 50 Reliance Shares' you can choose to give delivery of shares against the sell margin position if you have the requisite shares in your demat account by choosing 'Convert to Delivery' option. You can convert even a part of the total quantity of 50.

How do I convert my margin position into delivery (cash segment)?

To convert a Margin position, which is taken in the current settlement, to delivery (Cash segment), you can click on the link 'Convert to Delivery' (CTD) on the 'Margin Positions' page.

Similarly, to convert the positions of the earlier settlements you can click on the link 'Convert to Delivery' on the 'Pending for Delivery' page to convert the desired quantity to delivery.

Part or full convert to delivery is permitted in both the above cases.

Please ensure that you have adequate allocation of funds/stock in your linked bank/demat account to convert the buy/sell position respectively.

I have more than 1 position 'Pending for Delivery' in a scrip, which position can I convert to delivery first?

Convert to Delivery can be done for any position in any settlement.

Where can I see the quantity/positions converted to delivery?

You can view the quantity/positions converted to delivery by visiting :

1. The 'Converted to Delivery' page present on the Trading section under the Equity page.
2. The 'CTD Qty' link present on the 'Pending for Delivery' page.

When can I do cash sell for the shares received through Convert to Delivery?

You will be able to sell the shares in Cash on T+3 day after receiving the same in your demat account.

Can I convert my position in Cash Segment into Margin Positions?

No. Only the position in margin can be converted to delivery (cash) and not vice versa.

How does 'Convert to Delivery' impact limits?

On converting a 'Buy' position to delivery, additional amount is blocked from your limits to provide for 100% of the trade value of the converted quantity. On converting a 'Sell' position to delivery, the shares for the converted quantity are blocked in your demat account. The limit increases on account of release of the margin blocked earlier on the 'Sell' position and further on account of 100% of the sale proceeds of the converted quantity.

Can I convert to delivery my Margin positions with Client square off mode on the same day of taking the position?

Yes, margin positions with client square off mode can be Converted to delivery in the same settlement in which the position is taken till same day Trading hours. Alternatively, you can also modify such positions to Broker mode from Margin Position page and do a Convert to delivery on the same day of taking the positions.

Can I change the square off mode from Broker to Client for position in current settlement after having done convert to delivery for part quantity ?

Yes, if you have done a Convert to delivery of part quantity of your Broker mode position, you will be able to change the square off mode of this position to Client mode for the balance quantity from Margin Position page.

How is margin availability checked by I-Sec for open Margin positions marked under Broker square off mode?

The Intra-day Mark to Market process run by I-Sec checks the margin availability in case of Buy & Sell positions marked under the Broker square off mode, this is checked by comparing the Available Margin with the Minimum margin required for the position.

What will happen if during the day the last traded price for the scrip breaches beyond a certain % of the previous trading day closing price?

In case of Margin positions in price band scrips under the Broker and Client square off mode, I-Sec monitors the percentage change in the price of these scrips.

In case of certain scrips, if the last traded price of any such scrip moves beyond a certain %, I-Sec at its sole discretion will disable the scrip from further trading in the margin product under the Broker and Client square off mode and will check:

	1. If the scrip is in negative as compared with the previous trading day closing price then cancel all unexecuted fresh buy orders and pending sell square off orders and square off all the long positions at market price
In addition to above in case of Broker square off mode I-Sec will check:
	2. If the scrip is in positive as compared with the previous trading day closing price then cancel all unexecuted fresh sell orders and pending buy square off orders and square off all short positions at market price

The percentage of price change of a scrip specified by I-Sec can be different for Broker square off mode and Client Square off mode. For e.g. Under Broker square off mode, this percentage for a scrip can be say 16% and under Client Square off mode can be say 20%.

To know list of such scrips, please visit stock list page where price band column would be marked as "Y" for such scrips.

However, other scrips not included in the above list will not be disabled for further trading in Margin due to the above reason during the day. Please note this will be applicable to all your client mode positions on NSE as well as Margin Trading facility positions on BSE.

How is margin availability checked by I-Sec for open Margin positions marked under Client square off mode?

The Intra-day Mark to Market process run by I-Sec checks the margin availability in case of Buy positions marked under the Client square off mode, this is checked by comparing the Available Margin with the Minimum margin required for the position.

Can there be a change in the margin requirements on my Margin positions?

Yes, at frequent intervals, for positions marked under the Broker and Client square off mode, I-Sec checks whether margin blocked on positions is sufficient in light of the prevailing market conditions. If the available margin is not sufficient, additional margin is checked and in case the same is not available, the positions are squared off on best effort basis in the Intra-day Mark to Market process run by I-Sec.

What is meant by Intra-Day Mark to Market process? Is it run for all positions?

Intra-Day Mark to Market process is a process whereby I-Sec checks whether sufficient margin is available on positions. There are separate Intra-Day Mark to Market processes run for :

	1. all open Buy & Sell Margin positions marked under the Broker square off mode and
	2. all open Buy Margin positions marked under the Client square off mode.

If the Available Margin (AM) falls below the Minimum Margin (MM) for any position, I-Sec, through this process, blocks additional margin required out of the Limits available, if any. I-Sec may, at its discretion and at suitable time intervals, run the Intra-day Mark to Market processes.

Is the Intra-day Mark to Market process same for all Margin Buy and Sell positions marked under the Broker square off mode?

Yes, there would be a single Intra-day Mark to Market process run for all your open Buy and Sell Margin positions under broker square off mode.

Is the Intra-day Mark to Market process same for all Margin Buy positions marked under the Client square off mode?

No. Two types of intra-day mark to market processes are run by I-Sec for Margin Buy positions marked under the Client square off mode, as follows:

	1. Intra-day Mark to Market for positions taken in the current settlement: In this case, if the AM is less then MM and there are no Limits available, the Intra-day Mark to Market process would cancel all unexecuted orders in such security and if additional margin is further required, the process would square off the positions which have a margin shortfall.
	2. Intra day Mark to Market for positions in the 'Pending for Delivery': In case AM is less then MM and there are no Limits available, the Intra-day Mark to Market process would cancel all pending square off orders in such security and if additional margin is further required, the process would square off the positions which have a margin shortfall.

What is Minimum Margin (MM)? How is it calculated? Where can I see the Minimum margin amount?

Minimum Margin is the margin amount that you should ensure to maintain with I-Sec at all points of time for your open Margin Buy and Sell positions under Broker square off mode and for all your open Buy positions under Client square off mode. Once the available margin with I-Sec on such positions goes below the minimum required margin,I-Sec would block additional margin required from the limit available and in absence of sufficient limits for the required margin such positions will be squared off either in part or full. The details are explained in the FAQs below.

	1. Minimum Margin for Broker Square off mode is calculated as Weighted Average position price * Position Quantity * MM% for Broker mode
	2. Minimum Margin for Client Square off mode is calculated as Amount Payable+ (Amount Payable*Minimum Margin% for Client mode)

Minimum Margin amount can be viewed on the Margin Positions page or the Pending for Delivery page for the current day margin positions (broker & client square off mode) or earlier settlement margin open positions respectively.

Is Minimum Margin different for Margin positions under Broker and Client square off mode?

Yes, minimum Margin is different for different scrips and also different for same scrip under Broker and Client square off modes.

Where can I see the Minimum Margin% applicable for a scrip?

The Minimum Margin % for both Client and Broker square off mode positions can be viewed on the Stock List page. Path: Login to your account → Equity section → Services → Stock List.

What is Available Margin? Where can I view the Available Margin amount?

• For Broker square off mode, Available Margin = Total Margin blocked (including any add margin) ± MTM Profit/Loss.


• For Client square off mode, Available Margin = Current Market Price (CMP) × Position Quantity.

• Intraday page → for positions in current settlement, and


• MTF (Pay Later) page → for Client mode positions carried from earlier settlements.

What is Amount Payable? Where can I view it? How is it calculated?

Amount Payable is the balance you must pay over and above the margin already paid to take delivery of a margin position.

• For Broker square off mode: Payable amount must be settled on T Day before the end of settlement. It is shown on the Intraday page.


• For Client square off mode: Payable amount can be settled on or after T Day but within the stipulated time. It is shown on both the Intraday and MTF (Pay Later) pages.

. What is Margin Amount? How is it calculated?

Margin Amount is the initial margin blocked for your Margin positions. It is calculated by applying the margin % on the trade value of margin transactions.

• Any add margin is also included.


• During the day, this margin amount (including add margin, if any) remains blocked.


• For Pending for Delivery positions, the margin amount is debited from your bank account at end of day.

. What is Additional Margin?

Additional Margin is the extra amount required when Available Margin falls below the Minimum Margin required. It safeguards your position from being squared off.

How is additional margin calculated for Broker Square-Off Mode positions in the intraday MTM process?

When your position in Broker Square-Off Mode goes into the intraday MTM loop, additional margin is calculated as:

Additional Margin = (CMP × Quantity × Initial Margin%) − Available Margin

• CMP = Current Market Price


• Initial Margin% = Margin % defined for the stock


• Available Margin = Margin initially blocked ± MTM Profit/Loss

• You bought 100 shares at ₹600. IM% = 16%, MM% = 11%.


• Margin blocked = 600 × 100 × 16% = ₹9,600


• CMP, let’s say falls to ₹550 → MTM loss = ₹5,000 → Available Margin = 9,600 − 5,000 = ₹4,600


• New Initial Margin = 550 × 100 × 16% = ₹8,800


• Additional Margin = 8,800 − 4,600 = ₹4,200

How is additional margin calculated for Client Square-Off Mode positions in the intraday MTM process?

For Client Square-Off Mode, additional margin is calculated in two steps:
Step 1:
If available margin < minimum margin, then:
Additional Margin = Amount Payable − [Available Margin − (Available Margin × IM%)]
The system tries to block this from your free limits.
Step 2 (if Step 1 margin not fully met):

• System cancels pending orders in that scrip.


• Recalculates a Revised Initial Margin = Amount Payable ÷ (1 − IM%).


• New Additional Margin = Revised Initial Margin − Available Margin


• Blocks free limits again or squares off if still short.

• You bought 100 shares at ₹600. IM% = 25%, MM% = 16%.


• Margin blocked = ₹15,000; Amount Payable = ₹45,000


• CMP = ₹500 → Available Margin = 500 × 100 = ₹50,000


• Minimum Margin = 45,000 × 1.16 = ₹52,200 → shortfall exists

• Amount Payable = 45,000 − 5,000 = 40,000


• Revised Initial Margin = 40,000 ÷ 0.75 = 53,333


• New Additional Margin = 53,333 − 50,000 = ₹3,333

System tries to block ₹3,333; if not available, it may square off part of your position.

What happens if I have more than one Client mode position in different settlements in the same scrip?

All Client mode positions in the same scrip across settlements are clubbed for margin calculation.

. Why are positions under Client square-off mode clubbed at the scrip level for margin calculation?

Positions under Client square-off mode are clubbed at the scrip level across settlements so that excess margin available in one position can be adjusted against the shortfall in another position of the same scrip.
This ensures that:

• If one position in a scrip has more Available Margin than required, and another position in the same scrip has insufficient margin, the excess from the first position can be utilized for the second.


• This clubbing helps optimize margin usage and provides a net benefit to the client instead of treating each position separately.

. How do I check if there is a margin shortfall on any margin position?

If the Available Margin on any position is highlighted in red on the Intraday or MTF (Pay Later) page, it indicates the margin is close to breaching the minimum requirement. If it falls below, the position may be squared off by ICICI Direct unless you allocate additional margin.

Note: The Intraday and MTF (Pay Later) pages do not auto-refresh. You must click View to see the latest Available Margin values, as they change with every market price move.

. How do you call for additional margin during the MTM process?

During the Mark-to-Market (MTM) process, additional margin required is directly blocked from the trading limits available in your account.

What happens if limits are not sufficient to meet the additional margin requirements?

1.Broker (Intraday) square off mode: If limits are insufficient, whatever available limit is there will be blocked to safeguard the position. If still short, the system will calculate the quantity to be squared off.

2.Client (MTF) square off mode: If limits are insufficient, the available limit is blocked, and the system recalculates the additional margin requirement. Since the amount payable reduces when some limit is blocked, the margin shortfall also reduces. After recalculation, if shortfall persists, the system will calculate the quantity to be squared off.

What will happen if there are multiple open positions in the same scrip under Client square off mode, but limits are not enough for all?

When available limits are not enough to meet additional margin for all positions:

• The system allocates limits first to the position requiring the highest additional margin,


• Then to the next highest, and so on.

Once all available limits are exhausted, additional margin is recalculated and the system squares off the necessary quantity.

. What happens if the limit is insufficient, but I have unallocated funds in my bank account?

ICICI Direct does not draw directly from unallocated funds in your bank account while meeting additional margin requirements. This ensures your regular banking operations are not disturbed. Therefore, you must allocate sufficient funds to equities in advance if you are carrying open margin positions.

Will the entire position be squared off in case the additional margin required is not available in limits?

No. Only such quantity as calculated by the system during the Intra-day MTM process will be squared off. In some cases the square off quantity may be equal to the position quantity.

How is the square off quantity calculated by the Intra-day Mark to Market process?

1. Broker square off mode positions square off quantity will be calculated as :
	a. X = MIN(MAX(ROUNDDOWN((Available Margin+Current Limit)/(CMP*IM%),0),0),Position Quantity) b. Y = Position Quantity - X c. If Y >=1, then proceed for square off. d. where, X is the position quantity that can continue to be maintained with the available margin and the available limits and Y is the quantity to be squared off by the system.
2. Client square off mode positions square off quantity will be calculated as :
	Total additional margin requirement / CMP * (IM% / (1-IM%)), where CMP is the current Market Price of the scrip or the positions quantity whichever is minimum. The square off quantity arrived by the above formula is rounded up for placing square off order at market price.

IM% is the Margin% applicable to the scrip and is available on the Stock List page and is same for same scrip under Broker and Client square off mode. For viewing the Stock list, login to your account and go to Stock List option in Equity section of the Trading page.

Which position under Client square off mode will be squared off first in case the square off quantity is greater than the position quantity in a scrip in a settlement?

In case positions are open in multiple settlements under Client square off mode in same scrip then the position under a settlement where the Additional margin requirement is the highest will be squared off first, followed by the position having second highest additional margin requirement and so on.

Can I do anything to safeguard the positions from being closed out (squared off)?

Yes, you can always allocate additional margin, suo moto, on any open margin position. Since the close-out process is triggered when losses exceed the threshold level and available margin is less than the margin required, having adequate margins will ensure additional margins are available in case the market turns unfavourably volatile with respect to your position. You can add margin to your position by clicking on 'Add Margin' link on the 'Margin Positions' or 'Pending for Delivery' page by specifying further margin amount to be allocated against the respective position.

Please note there is also an additional tracking tool provided to track your positions on the basis of Trigger Price and LTP. For more details you can refer below FAQs.

What is Trigger price displayed on Margin position page and Pending for Delivery page for Margin positions?

Trigger price is just an additional tracking tool provided to track your positions to ascertain at what price level the position may get squared off on the basis of Trigger Price and LTP. However, you can continue to track your positions for intraday mark to market process on the basis of Available Margin and Minimum Margin and allocate additional margin if Available Margin amount is displayed in red colour.

Trigger price is a price which indicates that your Margin position may get squared off if LTP breaches the indicated trigger price. Positions may be squared off due to below two reasons :

1. Intraday Mark to Market process
   
   
2. LTP moves beyond a certain % from previous day close price (process for Price Band scrips)

Is Trigger Price calculated for all scrips i.e. Price Band and No Band scrips?

Yes Trigger price will be calculated for all scrips :

1. Price Band Scrips:- In case of Price Band scrips trigger price will be calculated with regards to both Intraday Mark to Market process (based on minimum margin requirement) and process where LTP moves beyond a certain % from previous day's close price (based solely on price movement without considering margin requirement) and higher of the two will be displayed in case of Buy positions and lower of the two will be displayed in case of sell positions.
   
   
2. No Band Scrips:- In case of no price band scrips Trigger price will be calculated only with regards to Intraday Mark to Market to process (based on minimum margin requirement).

Is Trigger Price calculated for both Broker mode and Client mode positions?

Yes, trigger Price is calculated for both Broker Mode and Client Mode positions.

Will Trigger Price be calculated immediately on order placement?

No, trigger price will not be calculated immediately on order placement. Trigger Price gets calculated only once your Buy or Sell order in Broker mode product and Buy Order in Client Mode product results into an executed trade and becomes an open position.

How is the Trigger Price calculated for Margin Broker mode positions ?

Trigger Price is calculated as follows:

1. In case of Price band scrips:
   
   1. In case of Buy Broker mode positions:
      
      Example: ACC is a price band scrip and you have bought 100 shares of ACC at 600 each. IM% on ACC is 4% and MM% on ACC is 2%. Previous Day close for ACC is Rs 590
      
      
      1. Trigger Price calculation as per Intraday MTM Process for Buy Positions: Weighted Average Trade Price-(( Initial Margin Blocked - Minimum Margin)/Position Quantity).
         
         600-((2400-1200)/100)=588
         
         
      2. Trigger Price calculation as per LTP moving beyond a certain % process ( which is say 16%) for Buy Positions: Previous Day Close-(Previous Day Close * 16%).
         
         590-(590*16%)=495.60
      
      In the above case Trigger price would be displayed as Rs 588 on Margin position page as higher of Intraday MTM Trigger price and LTP moving beyond a certain % Trigger price would be displayed.
      
      
   2. In case of Sell Broker mode positions:
      
      Example: ABB is a price band scrip and you have sold 100 shares of ABB at 1095 each. IM% on ABB is 4% and MM% on ABB is 2%. Previous Day close for ABB is Rs 950.
      
      
      1. Trigger Price calculation as per Intraday MTM Process for Sell Positions: Weighted Average Trade Price+(( Initial Margin Blocked - Minimum Margin)/Position Quantity).
         
         1095+((4380-2190)/100)=1116.90
         
         
      2. Trigger Price calculation as per LTP moving beyond a certain % process ( which is say 16%) for Sell Positions: Previous Day Close+(Previous Day Close * 16%).
         
         950+(950*16%)=1102
      
      In the above case Trigger price would be displayed as Rs 1102 on Margin position page as lower of Intraday MTM Trigger price and LTP moving beyond a certain %Trigger price would be displayed.
      
      Please note that Trigger price as per LTP moving beyond a certain % and Intraday Mark to Market process will be calculated only for Price Band scrips. For other scrips i.e no band scrips Trigger price will be calculated only with regards to Intraday Mark to Market process.
      
      
2. In case of No Band scrips:
   
   
   1. In case of Buy Broker mode positions: Trigger price for no band scrips will be calculated as follows:
      
      Example: CIPLA is a non price band scrip and you have bought 100 shares of CIPLA at 650 each. IM% on CIPLA is 4% and MM% on CIPLA is 2%.
      
      Trigger Price calculation as per Intraday MTM Process: Weighted Average Trade Price-(( Initial Margin Blocked - Minimum Margin)/Position Quantity).
      
      650-((2600-1300)/100)=637
      
      In the above case Trigger price would be displayed as Rs 637 on Margin position page.
      
      
   2. In case of Sell Broker mode positions: Trigger price for non band scrips will be calculated as follows:
      
      Example: RELIND is a non price band scrip and you have sold 100 shares of RELIND at Rs 1000 each. IM% on RELIND is 4% and MM% on RELIND is 2%. Trigger Price calculation as per Intraday MTM Process: Weighted Average Trade Price+(( Initial Margin Blocked - Minimum Margin)/Position Quantity).
      
      1000+((4000-2000)/100)=1020.
      
      In the above case Trigger price would be displayed as Rs 1020 on Margin position page.
      
      Please note that CIPLA and RELIND here are no price band scrips hence Trigger price as per LTP moving beyond a certain %process will not be calculated.

How is the Trigger Price calculated for Margin Client Mode positions ?

Trigger Price is calculated as follows :

1. In case of Price Band Scrips: Trigger Price for price band scrips will be calculated as follows:
   
   Example: ABC is a price band scrip and you have bought 100 shares of ABC at Rs 500 each. IM% on ABC is 8% and MM% on ABC is 5%. Previous Day close for ABC is Rs 510
   
   
   1. Trigger Price calculation as per Intraday MTM process for Buy positions: Minimum Margin/Total Quantity
      
      48300/100=483
      
      
   2. Trigger Price calculation for process where LTP moving beyond a certain % from previous day's close price ( which is say 21%) for Buy Positions: Previous Day Close-(Previous Day Close * 21%). Note: This percentage would be subject to change at the sole discretion of I-Sec from time to time
      
      510-(510*21%)= 402.9
   
   In the above case, Trigger price would be displayed as Rs 483 i.e. higher of Intraday MTM Trigger price and LTP moving beyond a certain % Trigger price
   
   
2. In case of No Band scrip: Trigger Price for No Band Scrip will be calculated as follows:
   
   Example: GAIL is a non price band scrip and you have bought 100 shares of GAIL at Rs 350 each. IM% on GAIL is 8% and MM% on GAIL is 5%
   
   Trigger Price Calculation as per Intraday MTM process: Minimum Margin/Total Quantity
   
   33810/100=338.10
   
   In the above case Trigger price would be displayed as Rs 338.10
   
   Please note that GAIL here is a no price band scrip hence Trigger price as per LTP moving beyond a certain %process will not be calculated

How is Trigger Price calculated if I have more than 1 position under Client square off mode in different settlements in the same scrip?

All the positions under Client square off mode will be clubbed at scrip level across settlements for calculation of Trigger Price.

1. In case of Price Band Scrips: Trigger Price for price band scrips will be calculated as follows:
   
   Example : You have a positions of 100 Qty in XYZ (Price Band Scrip)at Rs 135 taken in settlement no. 2017140 and another position of 100 Qty in XYZ at Rs 140 taken in settlement no. 2017141 . IM % on XYZ is 8% and MM% on XYZ is 5%.Previous Day Close for XYZ is Rs 160
   
   
   1. Trigger Price calculation as per Intra Day MTM process :
      
      Total Quantity : Sum of Quantity across settlement
      
      100+100=200 Qty
      
      Total Minimum Margin : Total Net Payable amount + (Total Net Payable amount * Minimum Margin percentage)
      
      25300+(25300*5%)=26565
      
      Trigger Price : Total Minimum Margin/ Total Quantity
      
      26565/200=132.83
      
      
   2. Trigger Price calculation for process where LTP moving beyond a certain % from previous day's close price (which is say 21%): Previous day Close -(Previous day Close* 21%) Note: This percentage would be subject to change at the sole discretion of I-Sec from time to time
      
      160-(160*21%)= 126.4
      
      In the above case, Trigger price would be displayed as Rs 132.83 i.e. higher of Intraday MTM Trigger price and LTP moving beyond a certain % Trigger price.
      
      
2. In case of No Band scrip: Trigger Price for No Band Scrip will be calculated as follows:
   
   Example : You have a positions of 100 Qty in EXIIND (No Band Scrip)at Rs 150 taken in settlement no. 2016095 and another position of 100 Qty in EXIIND at Rs 160 taken in settlement no. 2016096 . IM % on EXIIND is 8% and MM% on EXIIND is 5%.
   
   Trigger Price calculation as per Intra Day MTM process:
   
   Total Quantity : Sum of Quantity across settlement
   
   100+100=200 Qty
   
   Total Minimum Margin : Total Net Payable amount + (Total Net Payable amount * Minimum Margin percentage)
   
   28520+(28520*5%)=29946
   
   Trigger Price : Total Minimum Margin/ Total Quantity
   
   29946/200=149.73
   
   In the above case Trigger Price would be displayed as Rs 149.73
   
   Please note that EXIIND here is a no price band scrip hence Trigger price as per LTP moving beyond a certain % process will not be calculated.
   

Can a Trigger Price earlier displayed change later ?

Yes, trigger price may change if there is any change in Initial Margin Blocked value. Some of the events where Initial margin blocked value may change are like Increase in open position in same scrip, partial square off of existing position, Add Margin, and Convert to Delivery.

Is the brokerage rate different for Cash and Intra day Margin product transactions?

Yes, the brokerage plan is different for Cash and Intra day Margin product transactions. For more details on the brokerage plans please visit the site www.icicidirect.com < Customer Service Page < Important Information < Brokerage

Is the brokerage rate different for positions which are marked as 'Pending for Delivery' i.e. are not squared off in the same settlement?

Yes, margin buy open positions that are marked as 'Pending for Delivery' shall attract the brokerage as applicable for the Cash product transactions.

Is there any interest on positions which are marked for 'Pending for Delivery'?

Yes interest on late payment for positions taken in NSE and Interest on Outstanding obligation for margin trading positions in BSE would be calculated as follows:

1. On amount payable
2. Margin blocked in the form of Shares as Margin (SAM)
3. Additional interest, if any in case above interest charged falls below the minimum interest requirement under the provisions of Companies Act. This will apply irrespective of margin blocked in the form of Cash or SAM.

How is Interest calculated on Amount Payable? Where can I see the Interest amount charged?

Interest will be calculated on the amount payable for the number of days delay in payment on your pending for delivery positions. The number of days delay would start from the exchange payin date for the settlement of the respective transaction and charged till the date the funds are actually received (eg. till the date of CTD or add margin or till the date of funds received/pay out date after squaring off of positions). The interest shall be charged per day basis would be displayed under the 'Interest on Outstanding obligation Details' link under your Equity trading section.

For example:

1. You bought 500 qty shares of ACC at Rs. 200 under client mode on May 14, 2012 with 25% Cash Margin and sold full qty on May 21, 2012. In this example interest on Outstanding obligation would be calculated as follows:
   
   Amount Payable = (500*200)-(500*200*25%) = 75000
   Buy transactions Exchange Payin Date = T+2 i.e. May 14, 2012 + 2 days = May 16, 2012
   Sell Square off transactions Exchange Payout Date = T+2 i.e. May 21, 2012 + 2 days = May 23, 2012
   No. of days delay in payment = May 16 to May 23, 2012 = 7 days delay
   Thereby, for the above case say interest is 0.05% per day or alternatively approximately 18% p.a. then this would be calculated on the amount payable for 7 days delay as follows:
   Interest on Outstanding obligation / Late Payment per day = Amount Payable * Interest % on Outstanding obligation / Late Payment *1/ 365 =75000*18%*1/365 = Rs. 36.98/- per day or Rs. 258.90/- for 7 days or approximately 0.05% per day
   The above interest amount on a per day basis from T+3 day i.e. May 17, 2012 onwards till May 23, 2012 would be displayed on the Interest on Outstanding obligation Details link under your Equity trading section.
   
   
   
2. In the above example say if you did CTD of full 500 shares on May 17, 2012 then interest on Outstanding obligation / Late Payment would be calculated for one day's delay as follows: No. of days delay in payment = May 16 to May 17, 2012 = 1 day
   Interest on Outstanding obligation / Late Payment = 75000 * 18%*1/365 = Rs. 36.98/- or approximately 0.05% per day
   
   
3. Similar to above example say if you did full add margin of Rs.75000 using Cash Limit on May 17, 2012 instead of CTD then interest on Outstanding obligation / Late Payment as the case would be calculated for one day's delay as follows:
   No. of days delay in payment = May 16 to May 17, 2012 = 1 day Interest on Outstanding obligation / Late Payment = 75000 * 18%*1/365 = Rs. 36.98/- or approximately 0.05% per day
   
   
4. In the above example say if you did CTD of 100 shares on May 17, 2012 and squared off the balance 400 shares on May 21,2012 then the interest on Outstanding obligation / Late Payment would be calculated as follows:
   
   Total No. of days delay in payment = May 16 to May 23, 2012 = 7 days delay
   Daily interest on Outstanding obligation would be calculated as follows:
   
   May 17, 2012: Amount payable for 500 shares = 75000, Interest = 75000*18%/365= Rs. 36.98 or approximately 0.05% per day
   May 18, 2012: Amount payable for 400 shares since 100 shares CTD done = 75000 - CTD proportion of amount payable = 75000-15000 = 60000, Interest= 60000*18%/365= Rs.29.58 or approximately 0.05% per day
   May 19, 2012: Amount payable for 400 shares = 60000, Interest = 60000*18% /365=Rs. 29.58 or approximately 0.05% per day
   May 20, 2012: Amount payable for 400 shares = 60000, Interest = 60000*18%/365=Rs.29.58 or approximately 0.05% per day
   May 21, 2012: Amount payable for 400 shares = 60000, Interest = 60000*18%/365=Rs.29.58 or approximately 0.05% per day
   May 22, 2012: Amount payable for 400 shares = 60000, Interest = 60000*18% /365=Rs.29.58% or approximately 0.05% per day
   May 23, 2012: Amount payable for 400 shares = 60000, Interest = 60000*18% /365=Rs.29.58 or approximately 0.05% per day
   
   
5. You bought 500 qty shares of ACC at Rs. 200 under client mode on May 14, 2012 with 25% Cash Margin and sold full qty on T+1 i.e. May 15, 2012. In this example interest on Outstanding obligation / Late Payment would be calculated as follows:
   
   Amount Payable = (500*200)-(500*200*25%) = 75000
   Buy transactions Exchange Payin Date = T+2 i.e. May 14, 2012 + 2 days = May 16, 2012
   Sell Square off transactions Exchange Payout Date = T+2 i.e. May 15, 2012 + 2 days = May 17, 2012
   No. of days delay in payment = May 16 to May 17, 2012 = 1 day delay
   Interest = 75000 *18% *1/365 = Rs. 36.98/- or approximately 0.05% per day
   
   
   

How is Interest calculated on Shares As Margin amount blocked against Pending for Delivery positions . Where can I see the interest amount charged ?

As mentioned in the above FAQ's , interest will be charged for Shares as Margin amount blocked against your Pending for Delivery positions. Interest would be calculated on 'Shares As Margin' (SAM) amount blocked against the position marked under 'Pending for Delivery' for the number of days SAM amount is blocked. The number of days delay would start from the exchange payin date for the settlement of the respective transaction and charged till the date securities Limit is blocked against the position. The interest on securities Limit blocked on a per day basis would be displayed from T+2 Day under the 'Interest on Outstanding Obligation' link under your Equity trading section.

For example:

1. You bought 100 qty shares of XYZ at Rs. 500 under client mode using securities Limit on December 5, 2016 with 20% Margin and sold full qty on December 12, 2016. In this example interest on securities Limit blocked would be calculated as follows:
   
   SAM Amount Blocked = (500*100*20%) = 10000
   Buy transactions Exchange Payin Date = T+2 i.e. December 5,2016 + 2 days = December 7,2016
   Sell Square off transactions Date = T+5 i.e. December 12, 2016
   No. of days SAM Amount Blocked = December 7 to December 11, 2016 = 5 days
   Thereby, for the above case say interest on SAM Amount blocked is 0.05% per day or alternatively approximately 18% p.a. then this would be calculated on SAM Amount blocked against the position for 5 days as follows:
   Interest on SAM Amount blocked per day = SAM amount Blocked against position * Interest % on SAM blocked *1/ 365 =10000*18%*1/365 = Rs. 4.93/- per day or Rs.24.65/- for 5 days or approximately 0.05% per day
   The above interest amount on a per day basis from T+2 day i.e. December 7, 2016 onwards till December 11, 2016 would be displayed on the Interest on Outstanding Obligation link under your Equity trading section.
   
   
   
2. In the above example say if you did CTD of full 100 shares on December 8, 2016 then interest on SAM Blocked would be calculated for one day i.e for December 7, 2016
   Interest on SAM blocked = 10000*18%*1/365 = Rs. 4.93/-or approximately 0.05% per day
   
   
3. Similar to above example say if you did full add margin of Rs.40000 from securities Limit on December 8, 2016 instead of CTD then interest on SAM Amount blocked would be calculated from December 8, 2016 to December 11, 2016 as follows:
   
   SAM Blocked = 10000 + 40000
   Interest on SAM blocked = 50000 *18%*1/365 = Rs. 24.65/- or approximately 0.05% per day
   
   
4. In the above example say if you did CTD of 10 shares on December 8, 2016 and squared off the balance 90 shares on December 12, 2016 then the interest on Outstanding Obligation/Late payment would be calculated as follows:
   
   Total No. of days SAM Amount Blocked = December 7 to December 11, 2016 = 5 days
   Daily interest on outstanding obligation/Late Payment would be calculated as follows:
   December 7, 2016: SAM Blocked for 100 shares = 10000, Interest = 10000*18%*1/365 = Rs. 4.93/- or approximately 0.05% per day
   December 8, 2016: SAM Blocked for 90 shares since 10 Shares CTD done = 10000- CTD proportion of SAM amount blocked= 10000-1000 =9000, Interest = 9000*18%*1/365 = Rs. 4.43/- or approximately 0.05% per day
   December 9, 2016: SAM Blocked for 90 shares =9000, Interest = 9000*18%*1/365 = Rs. 4.43/- or approximately 0.05% per day
   December 10, 2016: SAM Blocked for 90 shares =9000, Interest = 9000*18%*1/365 = Rs. 4.43/- or approximately 0.05% per day
   December 11, 2016: SAM Blocked for 90 shares =9000, Interest = 9000*18%*1/365 = Rs. 4.43/- or approximately 0.05% per day
   December 12, 2016: SAM Blocked for 90 shares will be zero, hence no interest will be charged on SAM
   December 13, 2016: SAM Blocked for 90 shares will be zero, hence no interest will be charged on SAM
   December 14, 2016: SAM Blocked for 90 shares will be zero, hence no interest will be charged on SAM
   
   
5. You bought 50 qty shares of TCS at Rs. 2000 under client mode using securities limit on December 5, 2016 with 15% Margin and sold full qty on T+1 i.e. December 6, 2016. In this example interest on Outstanding obligation / Late Payment would be calculated as follows: .
   
   Initial Margin (Blocked using SAM Margin) =50*2000*15%=15000
   Amount Payable = (2000*50)-15000 =100000-15000 = 85000
   Buy transactions Exchange Payin Date = T+2 i.e. December 5, 2016 + 2 days = December 7, 2016
   Sell Square off transactions Exchange Payout Date = T+2 i.e. December 6, 2016 + 2 days = December 8, 2016
   No. of days delay in payment = December 7 to December 8, 2016 = 1 day delay
   Say Interest % for Interest on Outstanding Obligation be 0.05% per day
   Interest on Amount Payable = 85000*0.05% = 42.5 or approximately 0.05% per day
   In this case no interest would be calculated on SAM amount blocked of Rs. 15000 against the position since full qty is sold on T+1 and only Interest of 42.5 would be charged on amount payable of Rs 85000 for 1 day delay in payment.
   
   

How is interest on Pending for Delivery positions calculated if Margin blocked contains both Cash as well as SAM component?

In case Margin blocked contains both Cash as well as SAM component then Interest on Pending for Delivery positions will be calculated as below :

Example : You have bought ABC share of 100 Qty at a price of Rs 1000 with 10% Initial Margin.
Position Value = 1000*100 =100000
Initial Margin (blocked using SAM Margin) = 1000*100*10% = 10000.
Add Margin (Using Cash Margin) = 75000
Amount Payable = 100000- (10000+75000) = 100000- 85000 =15000
Say Interest % for Interest on Outstanding Obligation be 0.05% per day
Interest on Amount Payable = 15000*0.05% = 7.5
Interest on SAM = 10000*0.05% = 5
Total Interest = 12.5

Is there any additional Interest on Pending for Delivery positions apart from the Interest charged on amount payable and margin blocked in the form of 'Shares As Margin'(SAM) ?

Yes, as mentioned above , additional interest (if any) may be charged in case interest charged on Amount payable and SAM amount blocked falls below the minimum interest requirement under the provisions of Companies Act. This will apply irrespective of margin blocked in the form of Cash or SAM.
Please refer the Example mentioned in the above FAQ wherein Total Interest = 12.5
Now Say the Minimum Interest required as per Companies Act is 0.02%
Then, Minimum Interest amount required as per Companies Act = 100000*0.02%=19
Then Additional Interest that may be charged will be = 19-12.5 =6.5

Will there be any change in the Interest if additional SAM is allocated?

Yes, in case additional SAM is allocated then the chargeable amount for Interest may go up i.e. the interest may be higher than the actual interest amount charged on previous days. This may happen in case you use 'Release Cash and Block SAM' on 'Pending for Delivery' page. Explanation is provided in the following FAQ's.

How can I reduce my Interest on Outstanding Obligation?

Yes, you can reduce your interest on Outstanding Obligation by doing Convert to Delivery for your pending for Delivery positions.

Can I swap my Margin from SAM to Cash to lower my interest obligation?

Yes, you can swap your margin from Cash to SAM. This can be done after market hours using link 'Release SAM and Block Cash' on 'Pending for Delivery' page

Example: You have bought ABC share of 10 Qty at a price of Rs 1000 with 10% Initial Mar-gin.
Position Value = 1000*10 =10000
Initial Margin = 1000*10*10% = 1000, where SAM Margin Blocked is 800 and Cash Margin blocked is 200
Amount Payable = 10000- 1000 =9000
Say Interest % for Interest on Outstanding Obligation be 0.05% per day
Interest on Amount Payable = 9000*0.05% = 4.5
Interest on SAM = 800*0.05% = 0.4
Total Interest = Rs. 4.9
On next trading day, if further free cash limit provided by you is Rs. 5000 then on using 'Release SAM and Block Cash' link on 'Pending for Delivery' page, system will release SAM margin of Rs. 800 and will block cash margin of Rs. 800 from free cash limits. In this case Interest will be as below:
Interest on Amount payable = 9000*0.05% =4.5
Interest on SAM = 0
Total Interest = Rs. 4.5

Can I swap my Margin from Cash to SAM? Will there be any financial impact on doing this?

Yes, you can swap your margin from Cash to SAM. This can be done after market hours using link 'Release Cash and Block SAM' on 'Pending for Delivery' page. However, please note your interest may go up as there is interest charged on the Shares as Margin amount as mentioned in the above FAQs.
Example: You have bought ABC share of 10 Qty at a price of Rs 1000 with 10% Initial Mar-gin.
Position Value = 1000*10 =10000
Initial Margin = 1000*10*10% = 1000, where SAM Margin Blocked is 800 and Cash Margin blocked is 200
Amount Payable = 10000- 1000 =9000
Say Interest % for Interest on Outstanding Obligation be 0.05% per day
Interest on Amount Payable = 9000*0.05% = 4.5
Interest on SAM = 800*0.05% = 0.4
Total Interest = 4.9
On next trading day, if further free securities limit provided by you is Rs. 5000 then on using 'Release Cash and Block SAM' link on 'Pending for Delivery' page, system will release cash margin of Rs. 200 and will block SAM margin of Rs. 200 from free securities limits. In this case Interest will be as below:
Interest on Amount payable = 9000*0.05% =4.5
Interest on SAM = 800+200 =1000*0.05% = 0.5
Total Interest = 5.00

Can I do 'Release Cash and Block SAM' and 'Release SAM and Block Cash' for any amount of margin blocked against the Client mode positions?

Yes, you can do 'Release Cash and Block SAM' and 'Release SAM and Block Cash' for any amount of margin blocked against the positions provided it is above minimum amount set which will be at the discretion of ICICI Securities.

Do I need to pay TDS (Tax Deducted at Source) for the Interest on Outstanding Obligation charged under MTF ?

If you are a body corporate or a person to whom tax audit is applicable, then you are liable to deduct tax on the interest paid to ICICI Securities Ltd (I-Sec). Please refer few details in this regards:

1. You need to pay TDS under section 194A of the Income Tax Act, 1961 at the rate applicable from time to time
2. The TDS needs to be paid to Government (Income Tax Department) using your TAN (Tax Deduction Account Number) by 7th day of the following month( in case of March due date is April 30th) in which TDS was deducted. For eg. If TDS on interest paid to I-Sec is deducted in the month of July 2017 then TDS needs to be paid to Government by 7th August 2017.
3. On a quarterly basis you need to file the TDS return online on TRACES website, quoting I-Sec PAN (AAACI0996E) against the deduction of TDS on interest paid to I-Sec
4. Post filing of TDS return, download the TDS certificate from TRACES and email the same to us at financialmanagers@icicisecurities.com
5. The TDS amount paid by you will be credited to your account once I-Sec receives the TDS Certificate as stated in above point.

What brokerage will be charged on margin positions taken in the current settlement and converted to delivery on the same day?

All margin positions converted to delivery on the same day shall attract the brokerage (including statutory charges) as applicable for Cash product transactions.

Can open position be squared off in different exchange?

With the implementation of interoperability, open position can be squared off in any exchange by using 'Square Off' option on Margin & MTF Open Position page.

What does 'Y' / 'N' indicate in Interop column in Order Book?

With the implementation of interoperability, if the square off order is placed in the different exchange by using 'Square Off' option on Margin & MTF Open Position page then 'Y' is displayed for this order in Interop column and otherwise 'N' is displayed.

Can interop order quantity be modified more than open position quantity?

No. Interop order quantity can't be modified more than open position quantity. In Margin, to place reverse flow order of excess quantity, separate order can be placed. In MTF, sell order for excess quantity can't be placed.

What happens in EOS (End Of Settlement) in case of unexecuted/pending interop square off orders?

Any unexecuted/pending square off orders (including interop orders) get cancelled in EOS (End Of Settlement) and Market Square Off Order gets placed at the exchange (source exchange) where original position(s) is/are created.

Why is Open Position exchange getting displayed different than the order exchange?

With the implementation of interoperability, if interop order gets executed after reverse flow order from Margin page then separate open position may get created for interop order and it is displayed with source exchange i.e. original position exchange.

What forms of Margin are acceptable for taking Margin positions?

In order to take margin positions, margin can be given in the following forms:

1. Cash (by way of allocation of funds from your bank account)
2. Specified securities (by way of blocking securities allocated from your Demat account in favour of ICICI Securities).

On what positions would the cash Margin debited?

Cash Margins would be debited on Margin Client mode open positions on NSE and BSE.

Will any Margin get debited if I have taken position by blocking shares in my Demat Account?

No. In case the total margin required on your total open positions is met by the blocked shares alone, in such case no funds would be debited as margin from your account even if there are idle funds lying in your linked bank account. However, margin will get debited in any of the following scenarios:

1. In case the total margin required on your total open positions is partially met by the blocked shares, in such case the balance required margin amount at end of day shall get debited from your bank allocation in Equity from your linked bank account.
2. In case there are no blocked shares in your account, then the entire required margin amount at end of day shall get debited from your bank allocation in Equity from your linked bank account.

When will Margin be debited from my linked bank account?

Margin shall be debited from your linked bank account at end of the day from your Equity allocation to the extent of limit utilized after adjusting shares as margin available and blocked against the total margin blocked against your Pending for Delivery Positions (PFD) on PFD page.

Can the blocked margin get released?

No. The blocked margin cannot be released as that is the required margin against positions. However, please note in case the initial margin blocked in 'Pending for Delivery' page is reduced then the debited I-Sec Margin will be credited to Equity allocation of your linked bank account at the End of the day after adjusting shares as margin.

Can I withdraw the margin during the day?

No. You cannot withdraw the margin amount during the day.

In what scenarios will excess debited margin be credited back to my account?

The excess margin amount deposited with ICICI Securities can be credited at EOD in below mentioned scenarios. The margin amount will get credited to the Equity allocation of your linked bank account.

1. By blocking additional shares lying in your demat account up to the extent of margin required and doing 'Release Cash and Block SAM' from Pending for Delivery page.
   Example,
   On T-1 day, Rs.5000 (Rs.3000 as shares and Rs.2000 cash debited from your allocation and kept in I-Sec Margin account) margin was required on your total open positions on 'Pending for Delivery' page. Now, say on T day EOD, the new margin requirement is Rs.5400 and at the same time free Shares as Margin limit provided by you is 5400. In such case, after doing 'Release Cash and Block SAM', system would release 2000 cash margin in your Equity Allocation under Block for Trade and block full SAM
2. By squaring off the open positions.

. Where can I see the Margin amount debited from my linked bank account?

You can see the Margin amount on Equity limit page under I-Sec Margin amount in your trading account. Also, you can visit 'I-Sec Margin History' link on 'I-Sec Margin Details' page to see the historical records of I-Sec Margin debit or credit.

Is there any restriction on debit/credit of I-Sec margin amount?

Yes, ICICI Securities will not debit/credit I-Sec margin amount in case I-Sec margin debit/credit amount is less than minimum amount set which will be at the discretion of ICICI Securities.

What is the margin requirement for MTF sell transaction?

As per regulatory requirements, upfront margin is required to be collected on sell transaction as well in Cash market segment which is 20% of the traded value. Accordingly, for MTF sell transaction done on T+1 day for scrip bought on T day, additional margin is required and you are required to keep sufficient limits in your account that will be blocked based on margin requirements and will be released on settlement day of buy transaction. At end of the day it will be debited and on settlement day it will be credited back to your account and respective Equity limits. In case of insufficient additional required limit, such MTF sell order on T+1 day will not get placed.
e.g. On 21st Sept MTF sell transaction is done against MTF buy of 20th Sept, then additional margin will be blocked on such transaction as per margin requirements. BTST trade value is say Rs.120 and MTF buy trade value is say Rs. 100 then 20% of (120+100=220) i.e. Rs. 44 margin is required to be maintained for placing MTF sell order on T+1 day.

What is MarginPLUS?

MarginPLUS is an intra day product having an order placement feature wherein you limit your loss on every position by necessarily placing a cover order specifying the SLTP and a limit price. The product also offers you an option to protect your gains by placing a cover profit order at a limit price which would get executed when your profit price has reached without you having to monitor the markets on a continuous basis.

What is fresh order?

The order which is placed for creating the position is called fresh order. The fresh order can be either a Market or a Limit order.

Can I place a limit fresh order?

Yes, fresh order can be placed as a Limit order.

What is a cover order?

The fresh order as defined above creates an open position in the MarginPLUS product. The cover order is an opposite order taken by you to close your open position. Assuming you have taken a buy position, your cover order will naturally be a sell order. The cover order will compulsorily have to be a cover SLTP (stop loss) order. You also have an optional facility of placing a cover profit order along with the mandatory cover SLTP order.

Can I place MarginPLUS orders in all stocks?

Only select stocks have been enabled for trading under the MarginPLUS product. Only those stocks, which meet the criteria on liquidity and volume have been enabled for trading under the MarginPLUS product.

I-Sec reserves the right to select the stocks for MarginPLUS and may, at its sole discretion, include or exclude any stock for trading in the MarginPLUS product without any prior intimation.

Is it compulsory to choose a Cover "SLTP Order" while placing a MarginPLUS order?

Yes, it is mandatory to place a Cover SLTP order along with your MarginPLUS fresh order.

Is it compulsory to choose a Cover "Profit Order" while placing a MarginPLUS order?

No. Cover Profit order under MarginPLUS is an optional facility and can be placed only after the position is created from MarginPLUS open positions page. This cover profit order facility is provided to help you book profits on your MarginPLUS position in favourable market conditions without you having to continuously monitor the markets. You may choose to keep your MarginPLUS position with only SLTP as your cover order which is a mandatory cover order required while MarginPLUS order placement.

Can I place a cover profit order after the Fresh and cover SLTP orders have been placed?

Yes, you can place cover profit order only from MarginPLUS open positions page i.e. after your Fresh and cover SLTP orders have been placed. You can place this by clicking on 'Place Profit Order' link in the action column of 'Cover Profit order' section.

Can I place Cover Profit order in all MarginPLUS enabled scrips ?

No. Cover Profit order facility is provided only in select scrips enabled for MarginPLUS. I-Sec reserves the right to stock enablement for profit order facility under the MarginPLUS product and may, at its sole discretion, include or exclude any stock from the MarginPLUS profit order stock list without any prior intimation.

From where do I place the MarginPLUS orders ?

MarginPLUS order comprises of Fresh and Cover SLTP orders which can be simultaneously placed from the same order placement screen. Thereafter Cover Profit order(s) can be placed only from MarginPLUS Position page after the position is created. A separate hyperlink MarginPLUS order is available under the Equity trading section to place these orders.

What is a Cover Stop Loss order?

A Cover Stop loss order allows you to place an order which gets triggered only when the market price of the relevant security reaches or crosses a trigger price specified by the investor in the form of 'Stop Loss Trigger Price'. When a stop loss trigger price (SLTP) is specified in a limit order, the order remains passive (i.e. not eligible for execution) till the price of the stock crosses the specified SLTP. Once the last traded price of the stock reaches or surpasses the SLTP, the order becomes activated (i.e. eligible for execution at the exchange) and once triggered behaves like a normal limit order. It is used as a tool to limit the loss on a position.

Examples:

Cover Stop Loss Buy Order
'A' short sells Reliance shares at ₹325 in expectation that the price will fall. However, in the event the price rises above his buy price 'A' would like to limit his losses. 'A' may place a limit buy order specifying a Stop loss trigger price of ₹345 and a limit price of ₹350. The stop loss trigger price (SLTP) has to be between the last traded price and the buy limit price. Once the market price of Reliance breaches the SLTP i.e. ₹345, the order gets converted to a limit buy order at ₹350.

Cover Stop Loss Sell Order
'A' buys Reliance at ₹325 in expectation that the price will rise. However, in the event the price falls, 'A' would like to limit his losses. 'A' may place a limit sell order specifying a Stop loss trigger price of ₹305 and a limit price of ₹300. The stop loss trigger price has to be between the limit price and the last traded price at the time of placing the stop loss order. Once the last traded price touches or crosses ₹305, the order gets converted into a limit sell order at ₹300.

Important:

Please note that in a buy order, the SLTP should be a price lower than the buy price i.e less than the last traded price. An SLTP cannot be placed for a price that has already been surpassed by the market when the SLTP is being placed. Similarly, in case of a stop loss sell order the SLTP should be greater than the sell price of fresh order i.e. higher than the last traded price.

What is a Cover Profit Order?

Cover Profit order under MarginPLUS is an optional facility and can be placed only after the position is created from MarginPLUS open positions page. This cover profit order facility is provided to help you book profits on your MarginPLUS position in favourable market conditions without you having to continuously monitor the markets.

What is Reorder in MarginPLUS?

Reorder functionality will help you in quickly recreating similar MarginPLUS orders using the details of the previously placed orders. Please note, default quantity displayed at the time of placing reorder against your MarginPLUS orders/position will be the quantity entered/auto calculated at the time of original order placement. However, if you wish to change the quantity or use Trading Amount feature then you may please edit your order before placing.

Is there any minimum difference % to be maintained between SLTP and Cover Profit order limit price ?

Yes, a minimum difference % between the SLTP and the Cover Profit order limit price has to be maintained at the time of order placement as well as on order modifications. The cover Profit order limit price would be as follows:

1. In case Cover Profit order is a buy order, the cover profit order limit price should be below SLTP by defined % i.e. SLTP - (X% of SLTP)
2. In case the Cover Profit order is a sell order, the cover profit order limit price should be above the Stop Loss Trigger price by defined % i.e. SLTP + (X% of SLTP)

1. In case you have taken a MarginPLUS Sell position of 500 RELIND with Buy cover SLTP order,
   (Sell) Position price = 100
   (Buy) Stop Loss price = 105
   (Buy) Cover Profit Limit price = 105 - (105*5%) = 99.75
   
   In the above case your cover profit order limit price should be less than or equal to 99.75 else the order validation will fail.


2. In case you have taken a MarginPLUS Buy position of 500 RELIND with Sell cover SLTP order,
   (Buy) Position price = 100
   (Sell) Stop Loss price = 98
   (Sell) Cover Profit Limit price = 98 + (98*5%) = 102.90
   
   In the above case your cover profit order limit price should be greater than or equal to 102.90 else the order validation will fail.

Where can I see the minimum difference % for a scrip?

You can view the minimum difference % for various scrips by visiting the Equity stock list link on the Equity trading page of www.icicidirect.com or by clicking MarginPLUS % link on marginPLUS order placement page after entering the stock code.

What are the details required to be given to place a fresh order?

Following details should be provided to place a fresh order.

1. Exchange
2. Stock
3. Action (Buy/Sell)
4. Quantity or Trading amount
5. Order Type - Market/Limit
6. Limit Price (if order type is selected as Limit)

How is Quantity calculated if the Trading Amount is entered? How is Trading Amount calculated if the Quantity is entered?

You have a choice either to enter the Quantity or Trading Amount during MarginPLUS order placement. You are required to enter the cover order's Stop Loss Trigger Price (SLTP) and limit price to use the "Quantity or Trading Amount calculation tool".

A. Quantity and Trading Amount will be calculated and displayed as follows when fresh order type is market order:

1. On entering Trading amount, system calculates and auto populates the quantity by using the best bid/offer price (for your Sell/Buy order respectively) at the point of time when this tool is used. Since First leg is a market order and can get executed at a different price than considered at the time of order placement, the system will consider 99% of the Trading amount chosen by you for deriving the quantity.
   
   Example : You want to take a Buy position in Stock POWGRI with your Equity Current Limit of ₹10,000/- and the Best Offer Price at that time is 100. Now, say you have entered your cover order SLTP at ₹99 and Limit Price at ₹97. The Margin Plus % here is 0% and Margin % is 2%. Thereby, margin to be blocked for 1 quantity is ₹Max{[((100-97)*1)+(100*1*0%)],(100*1*2%)} = 3. The maximum Quantity that can be bought for this stock using the Trading Amount will be calculated as follows:
   1. Trading Amount = 10,000
   2. 99% Trading Amount = 9,900
   3. Maximum Buy Quantity = 9,900 / 3 = 3300
   
   
2. On choosing the Quantity tool option for calculation of Trading Amount, system will calculate and auto populate the required funds i.e. the margin required to take position, that can buy you the desired stock quantity. System calculates required Trading amount using weighted average price of best 5 bid / offer prices for the quantity entered.
   
   Example : You want to take a Buy position in Stock POWGRI for 100 quantity and the weighted average price at that is ₹105. Now, say you have entered your cover order SLTP at ₹102, auto-populated Limit Price is ₹100 and MarginPLUS % is 0% and Margin % is 2%. Thereby, margin to be blocked for 1 quantity is ₹Max{[((105-100)*1)+(105*0%*1)],( 105*1*2%)} = 5.
   1. Quantity entered = 100
   2. Required Trading Amount = 100*5 = Rs. 500

1. On entering the Trading amount, system calculates and auto populates the quantity by using the Limit price entered in the Limit Price field of your Fresh Buy/Sell order.
   
   Example: You want to take a Buy position in stock ITC with your Equity Current Limit of Rs 9900 and the Limit price enterd by you for Fresh orders is Rs 350. Now say you have entered your Cover order SLTP at Rs 340 and Limit price at Rs 335. The Margin Plus % here is 0% and Margin % is 2%. Thereby, margin to be blocked for 1 qty is Max {[((350-335) *1) +(350*0%*1)], (350*1*2%)} = 15. The maximum quantity that can be bought for this stock using the Trading Amount will be calculated as follows:
   1. Trading Amount = 9900
   2. Maximum Buy Quantity = 9900/15 = 660
   
   
2. On choosing the Quantity option for calculation of Trading Amount, system will calculate and auto populate the required funds i.e. the margin required to take position, that can buy you the desired stock quantity.
   
   Example: You want to take 330 quantity of Buy position in stock ITC and the Limit price you have entered for fresh order is Rs 350. Now say you have entered your Cover order SLTP at 340 and auto populated Limit price is 335. The Margin Plus % here is 0% and Margin % is 2%. Thereby margin to be blocked for 1 quantity is Max{((350-335)*1))+(350*1*0%)],(350*1*2%)} = 15
   1. Quantity Entered = 330
   2. Required Trading Amount = 330*15 = Rs 4950

Are the fresh orders, cover SLTP and cover profit orders to be placed together?

Fresh and cover SLTP orders under MarginPLUS are to be placed together. The Cover profit order is an optional feature and you may choose to place the cover profit order only from MarginPLUS Position page after the position is created.

Should the quantity of fresh ,cover SLTP order and cover profit order be the same?

Yes, the quantity needs to be the same.

What are the details for a cover SLTP order?

The details for a cover SLTP order are as follows:

1. Exchange
2. Stock
3. Action (Buy/Sell)
4. Order Type - Limit
5. Stop Loss Trigger Price
6. Limit price
7. Quantity

What are the details for cover profit order?

The details for a cover Profit order are as follows:

1. Exchange
2. Stock
3. Action (Buy/Sell)
4. Quantity
5. Order Type - Limit
6. Price

Can I cancel the Fresh and Cover SLTP order?

Yes, you can cancel both the orders simultaneously provided they both remain fully unexecuted. If any of the two orders gets execution then you shall not be allowed to cancel any of them.

Can I cancel only Fresh order?

No, only fresh order cannot be cancelled. However, only in cases where your cover order gets cancelled/rejected then you shall be given a link to Cancel your fresh order from Order Book.

Can I cancel the cover SLTP order?

No, cover SLTP order cannot be cancelled. However only in cases where your fresh order gets cancelled/rejected then you shall be given a link to Cancel your cover SLTP order from Order Book.

Can I modify the fresh order?

Yes, you can either modify Fresh order from Limit to Market or modify the Limit price of your fresh order from the order book. Please note that this modification will be available only if your fresh order is fully pending for execution or partially executed and cover order is fully pending for execution. You can modify fresh limit order to a market order.

If the Cover SLTP order gets rejected by Exchange, will I be able to re-enter the Cover SLTP Order?

Yes, you would be able to place Cover SLTP Order from the Open Positions screen where a link named 'Order' will appear if the same is rejected by Exchange. The Client agrees that ICICI Securities would not be liable for losses, if any, incurred on such position if Client does not re-enter a Cover Order. It shall be the responsibility of the client to monitor his/her positions and take adequate measures to safeguard himself against any such events. The link shall only appear when your fresh order is fully executed and cover is rejected.

Can I modify the cover SLTP order?

Yes, you can modify the price of your cover SLTP order subject to the Trigger price conditions being fulfilled.

You can even modify the cover SLTP order to a Market order using the "Market Square off" link on the MarginPLUS Positions page or "Modify" link but a prerequisite is that you will have to first cancel the cover profit order, if any and then the modify to market request will be accepted for square off.

Assume you take a buy position for the fresh order of 1000 shares at current market price of ₹100/-. Simultaneously, you also place the sell (cover SLTP order) of 1000 shares at Limit price ₹90/- and SLTP ₹95/-. The above trigger condition is defined with a view to curtail losses.

If subsequently the current market price shoots up to ₹110/-. You can modify the order as below Limit price ₹103/- SLTP ₹108/- or alternatively you can modify the order to market.

Can Cover SLTP Order be converted to a "Market Order"?

Yes, as mentioned above you can either modify your cover order to market after cancelling the cover profit order, if any or use the "Market Square off" link available on the MarginPLUS Positions page to square off your position at market price.

How does the 'Market Square Off' link help?

Market Square Off link is provided on MarginPLUS Positions page to assist customers to square off their position at market price. This link will enable customers with below two steps using a single screen:

1. Cancellation of cover profit order and
2. Modification of cover SLTP order to market

In the above two step case, what if I miss out proceeding with the second step and click any other trading link before completing the step 2?

It is required that the two steps are completed to square off your MarginPLUS position at market else only cancellation of cover profit order will take place and market square off will not happen. However, you can once again choose the 'Market Square off' link and if your cancellation is done then it will directly take you to Step 2 i.e. modify to market and on proceeding your cover SLTP order will be sent to exchange as market square off order.

Can I Cancel the Cover Profit Order?

Yes you can cancel the cover profit order anytime during the market hours.

Can I modify the Cover Profit Order?

Yes, the limit price of the cover profit order can be modified subject to the minimum difference % validations mentioned above.

Can Cover Profit Order be converted to a "Market Order"?

No. As mentioned above, you can choose to cancel the profit order and modify the SLTP order to market in case you wish to execute your cover order at market price.

What is the quantity that can be submitted for fresh orders?

1. Fresh limit order: The maximum quantity that can be submitted for fresh orders is generally maximum quantity allowed fot that particular stock. However I-Sec reserves the right to modify this permissible maximum quantity based on market conditions and risk factors.

2. Fresh Market order: The maximum quantity that can be submitted for fresh market orders is the total of best 5 Bid/offer quantities that is available in the best bids and offers. If the quantity that you input is greater than the quantity available in the best 5 bids and offers then the order will not go through.

Assuming that you want to place a buy order for 5000 shares @100, and the first 5 offer quantity available for the buy order are as under:

Offer Qty.	Offer Price
1500	98
1000	98.5
500	97
500	97.5
100	96

In the above scenario, the first 5 Offer quantity available is 3600 and since the buy order quantity placed is 5000 which exceeds the best 5 offer quantity, it would be rejected by the system. Similar would be the case in Sell order, wherein if the total sell qty is greater that the first 5 Bid quantities available then it would be rejected. The maximum order qty to be placed should be equal to the first 5 bid/offer quantity available at that point of time.

What will be the price at which margin for an order will be calculated?

For fresh market orders the price would be calculated as the weighted average price of the best 5 bids and offers available for calculating the margin requirement. If the following offers are available in the best 5 bids and offers and the client places a Buy order for quantity of 4500.

ACC

Best 5 bids		Best 5 offers
Qty.	Price	Qty.	Price
1500	5	1500	11
1500	5.5	1500	11.5
3000	8	3000	12.75
0	0	1500	13
0	0	0	0

Calculation of Buy price

Qty	Price	Value
1500	11	16,500
1500	11	16,500
1500	11.5	17,250
1500	12.75	19,125
4500	-	52,875

Weighted average price would be 11.75 = (52,875 / 4500) which would be used for calculating the margin requirement for this MarginPLUS order.

For fresh limit order, system shall take the fresh order limit price instead of weighted average price of the best 5 bids and offers for calculation of margin requirement.

What is the margin that is charged on placement of MarginPLUS order?

Margin in case of MarginPLUS product will be higher of two margins stated below:

1.Maximum possible loss that you may incur considering the difference between the Fresh & Cover order prices plus an addtional margin calculated as per MarginPLUS % specified, if any.

2. Margin computed as per the Margin% specified for the stock under this product.

You may visit the stock list page under Equity to view the prescribed margins for MarginPLUS product which is specified for each stock.

Formula:

Fresh Buy Market Order: Max[{(Weighted average price of fresh order - limit price of cover SLTP order) * Quantity} + {Weighted average price of fresh order * Quantity * Margin Plus %, if any, for the Stock}, {Weighted average price of fresh order * Quantity * Margin %}]

Please note, in case fresh sell market order the first part of the formula will change where loss will be computed as Limit price of cover SLTP order - Weighted average price of fresh order, rest of the formula will remain the same.

Fresh Buy Limit Order: Max[{(Limit price of fresh order - Limit price of cover SLTP order) * Quantity} + {Limit price of fresh order * Quantity * Margin Plus %, if any, for the stock}, {Limit price of fresh order * Quantity * Margin %}]

Please note, in case fresh sell limit order the first part of the formula will change where loss will be computed as Limit price of cover SLTP order – Limit Price if fresh order, rest of the formula will remain the same.

Margin is blocked as per the above formula on order placement and adjusted further based on the actual execution price.

Example 1 – Fresh Market Order:

Assume you take a buy position for the fresh order of 1000 shares at current market price of ₹100/-. Simultaneously you also place the Sell (cover SLTP order) of 1000 shares as Limit price ₹90/- SLTP ₹95/-.The Margin Plus percentage for the scrip is either 0 or 10%. The Margin% for the scrip is either 15% or 5%.

(A) In case the Margin Plus percentage is 0% and Margin % is 15%
Max{[((100-90)*1000) + (100*1000*0%)],(100*1000*15%)}
= ₹15,000/-

(B) In case the Margin Plus percentage is 10 and Margin % is 5%
Max{[((100-90)*1000) + (100*1000*10%)],(100*1000*5%)}
= ₹20,000/-

Example 2 – Fresh Limit Order:

In the above example if you place a fresh limit order at 99 the margin amount would be blocked as below :
(A) In case the MarginPLUS percentage is 0% and Margin % is 15%
Max{[((99-90)*1000) + (99*1000*0%)],(99*1000*15%)}
= ₹14,850/-

(B) In case the MarginPLUS percentage is 10% and Margin % is 5%
Max{[((99-90)*1000) + (99*1000*10%)],(99*1000*5%)}
= ₹18,900/-

Would the margin be recalculated at the time of modification?

Yes, it is recalculated and excess amount if any will be released or additional margin needed will be blocked if you change the limit price of your fresh order or cover SLTP order.

(A) In the above example of order at market price, where Margin Plus % is 10 and Margin % is 5% if you modify the SLTP to ₹ 97/- and limit price to ₹92/-.The margin amount would be recalculated as
Max{[((100-92)*1000) + (100*1000*10%)],(100*1000*5%)}
= ₹18000/-

The excess amount of ₹2000/- would be released and added in your limit.

(B) In the above example where Margin Plus % is 10% and Margin% is 5% if you modify the limit price of your cover SLTP order to ₹88/- margin amount would be recalculated as
Max{[((100-88)*1000) + (100*1000*10%)],(100*1000*5%)}
= ₹22000/-

Additional amount of ₹2000/- would be blocked. If limits are insufficient then you will be unable to modify the order.

(C) In the above example of order at limit price, where Margin Plus % is 0% and Margin % is 15% if you modify the limit price of your fresh limit order from Rs. 99/- to Rs. 101/- without modifying SLTP and cover order limit price, margin amount would be recalculated as
Max{[((101-90)*1000) + (101*1000*0%)],(101*1000*15%)}
= ₹15,150/-

Additional amount of 300/- would be blocked. If limits are insufficient then you will be unable to modify the order.

Would the Margin be recalculated when the order gets executed?

Yes, at the time of order placement at market price the weighted average price of bids/offers is considered and in case of limit order, limit price is considered for margin calculation. It may happen that execution happens at a different price than the one at which limits have been blocked.

Is the minimum difference % between SLTP and Limit price of Cover SLTP order different for different stocks?

Yes, I-Sec would define the difference minimum difference percentage for different stocks depending upon the volatility and market conditions of the scrip.

What is the difference between limit price and SLTP price that can be specified for a Cover SLTP Order?

Depending on the stock volatility and market situation, I-Sec Ltd would specify the minimum % difference between limit price and SLTP price of your cover SLTP order that can be maintained on order placement and modification for a particular stock. This percentage could be revised by I-Sec even during the day. Existing orders would be unaffected by the revision but however if the orders are modified the revised percentage would apply.

The value for limit price would automatically appear in the Limit Price field based on the minimum difference % for the stock between the Limit Price compared to the Stop Loss Trigger Price (SLTP). The auto-calculated limit price would be uneditable during order placement. However, during modification of Cover SLTP Order (2nd Leg Order) either from Order Book or MarginPLUS position page, limit price would be auto calculated and you can modify the limit price as per your preference.

Example: A 5% difference has to be maintained between the limit price and SLTP for cover SLTP order for ACC.

You have taken a buy position (fresh order) for 1000 shares in ACC at Current price of ₹100/-. You specify the sell order (Cover SLTP order) for 1000 shares in ACC at SLTP of ₹95/-. Since this is a sell cover SLTP order the limit price would be lower than the SLTP. Limit price in this case can be ₹90.25/- and below.

If any price between 90.25 and 95 is specified the order cannot be placed.

How does the concept of MarginPLUS work?

In case of Fresh Buy:

a) Current market Price rises – Position is making a profit You can choose to modify the sell cover SLTP order to a market order to immediately book profits at market price.

In case execution of your profit order is received first, then the SLTP order would be immediately cancelled by the system and system will then nearly in a minute's time cancel the remaining profit cover order quantity if full execution is not received and then place market order for the cancelled quantity.

b) Current market price falls - Position is making a loss: Once the current market price starts falling and reaches Sell cover SLTP price, the cover SLTP order would be triggered to a limit order. The cover SLTP order would get executed at the best prices available up to the SLTP limit price.

In case you have opted for a profit order, then on first execution of the cover SLTP order the cover Profit order would be immediately cancelled by the system and balance cover SLTP order will remain open for further execution.

In case of Fresh Sell:

a) Current market price rises- Position is making a loss: Once the current market price starts rising and reaches buy cover SLTP price, the cover SLTP order would be triggered to a limit order. The cover SLTP order would get executed at the best prices available up to the SLTP limit price.

In case you have opted for a profit order then on first execution of the cover SLTP order the cover Profit order would be immediately cancelled by the system and balance cover SLTP order will remain open for further execution.

b) Current market price falls- Position is making a profit: You can either modify your cover Profit order limit price or you can choose to modify the buy cover SLTP order to a market order to immediately book profits at market price.

In case first execution of your profit order is received first then the SLTP order would be immediately cancelled by the system and system will then nearly in a minute's time cancel the remaining profit cover order quantity if full execution is not received and then place market order for the cancelled quantity.

What happens to cover Stop Loss order if the cover Profit order gets executed first?

On receipt of the first execution of the cover Profit order, the cover SLTP order will be immediately cancelled by the system and system will then nearly in a minute's time cancel the remaining cover profit order if full execution is not received and then will place a fresh order at market price for the cancelled quantity.

Why does the system cancel my cover Profit order on part execution and place a fresh order at market price for balance quantity?

This is done to ensure that you get the best price execution nearest to your profit limit price available at the time your cover profit order was partly executed and don't loose out on the opportunity of booking profit if the exact profit limit price is not available at exchange end.

What happens to cover Profit order if the cover SLTP order gets executed first?

On receipt of the first execution of the cover SLTP order the cover Profit order will be immediately cancelled by the system and as the balance quantity subsequently gets a match the cover SLTP order will keep getting executed. You can also modify the balance SLTP or convert it to market to square off the position at your price. As mentioned above, you can choose to cancel the profit order and modify the SLTP order to market or use the "Market Square Off" link.

What happens to the open position remaining at the end of the day?

In case of MarginPLUS, all the positions created for the day are expected to be squared off by the customers before the market closes as this is an Intra day product. In case, if the positions still remains open at the end of day, I-Sec on best effort basis would initiate the Square off process at market price for all the open positions.

Will there be any Mark to Market process like in Margin trading?

No. Since the feature of MarginPLUS cover order is available which also indicates the maximum downside involved in a particular position, there is no need of mark to market process.

Can I do convert to delivery?

No. You do not have the option of convert to delivery in MarginPLUS.

Do I have the option of Add Margin?

No. The option of Add Margin is not available, since it is not relevant due to absence of Mark to Market process in MarginPLUS product.

Where do I view my open positions?

You can view your Open positions on the MarginPLUS Positions page of your www.icicidirect.com account.

Can I-Sec disable a scrip from MarginPLUS trading during the day?

Yes, I-Sec can disable a scrip from MarginPLUS trading during the day.

What will happen to the MarginPLUS orders that I have placed in such disabled scrip's?

You will be unable to place new orders in such scrip's. However, you can modify the orders already placed. To square off such positions you can cancel profit order, if any and modify cover SLTP order to a market order or use the "Market Square Off" link.

What would be the brokerage payable on these trades?

The Brokerage would be the normal brokerages that are charged for margin orders. You can refer the latest brokerage schedule on our website www.icicidirect.com on the path Customer service page > Important Information > Brokerage.

What is My EOS ?

My EOS is a facility provided to quickly close your open Margin PLUS orders / positions.

For eg.: If your Fresh order is executed and SLTP order is in ordered status and if you do My EOS confirmation message will be displayed stating that "Are you sure you want to close this position" and on clicking "Ok" system will modify your SLTP order to Market order.

In the above example if Fresh order is in ordered status and if you do My EOS confirmation message will be displayed stating that "Are you sure you want to close this position" and on clicking "Ok" system will cancel your Fresh and SLTP orders.

Will My EOS link be displayed against all the orders in order book.?

No. My EOS link will be displayed only against Margin PLUS fresh order(s) in order book irrespective of the status.

Will My EOS link be displayed against all the positions in MarginPLUS position page ?

Yes, my EOS link will be displayed against each open position on Margin PLUS position page under the "Square OFF at Market Price" column

Is there any difference if I do My EOS from Order book or Margin PLUS position page?

No. There is no difference if you do My EOS from order book or Margin PLUS position page.

Will My EOS link be displayed in order book for already closed positions?

Yes My EOS link will be displayed against all fresh orders irrespective of the status. However there will be no impact if you run My EOS for already closed positions.

Can I use Shares as Margin (SAM) limits for placing MarginPLUS Orders?

Yes, shares as Margin (SAM) facility is available for MarginPlus. For more details, you can [ click here ] to refer FAQs on Shares as Margin (SAM).

What Limits are allowed for Placing MarginPLUS Order?

Cash and Shares as Margin (SAM) limits are allowed for MarginPLUS Order where SAM limits will be used first for blocking limits.

Can my MarginPLUS order(s)/position(s) get squared off by I-Sec for any reason?

Yes, your MarginPlus position may get squared off by I-Sec in case there is no other marginable product order(s)/position(s) and your 'Current Securities Limit' goes negative after utilizing cash limit and negative Current Securities Limit is above internal Threshold Limit set by I-Sec.

What happens if my Equity limit goes negative and in which situation does I-Sec square off my MaginPLUS positions?

In case of Negative 'Current Securities Limit after considering cash limit' and negative Current Securities Limit is above internal threshold limit set by I-Sec, I-Sec Will Cancel/Square off your MarginPLUS order(s)/position(s) only when you do not have other Marginable order(s)/position(s) like Margin intraday or MTF and the following steps will be followed to cover the limit negativity:

1. In case of Marginable Positions (other than MarginPlus) where SAM limit is used, Margin Intraday Order(s)/Position(s) will be considered first and then MTF

2. Pending MarginPLUS Order(s) i.e., Fresh and Cover order(s) will get cancelled.

3. Square off MarginPLUS Position(s) randomly one at time. I-Sec Will Square off Positon(s) till the negative Current Securities Limit comes below internal Threshold limit set by I-Sec.

For Example:

Internal Threshold Limit set by I-Sec is "-3000" and Negative Current Securities limit is "-10000" and following are the Orders and Positions created by the customer:

1.Buy Margin Position of 10 Qty of Reliance Industries at 2300 and the Margin Blocked is 3000.

2.Open MaginPLUS Order (Both Fresh and Cover order are pending for execution) of 10 Qty if TCS at 3550 and Margin Blocked for this order is 3550.

3.Buy MaginPLUS Position of 20 Qty of Deepak Nitrite Ltd at 2300 and Margin Blocked for this Scrip is 3760

4.Buy MaginPLUS Position of 20 Shares of Pidlite Industries at 2300 and Margin Blocked is 7000

Here in this Example the Current Securities Limit negativity is above threshold Limit so I-Sec Will Cancel and or Square off Positions in Following Manner till the Current Securities Limit is within the Threshold limit:

1. First I-Sec will place Square off Order for Long Margin Position of 10 Qty of Reliance Industries.

Therefore, 'Current Securities Limit' after square off will be "-7000"

2. Furthermore, still the Current Securities Limit is Negative then I-Sec Will Cancel one by one MaginPLUS Open Orders. Hence open MarginPlus order of 10 Qty of TCS will be cancelled and its blocked margin will be released.

Now after cancelling the above order Revised Current Securities Limit will be: "-3450"

3. Since there is no other pending order in this case to cancel hence process moves to one by one square off on random basis as still the negative limit is more than threshold limit, now I-Sec will square off MaginPLUS orders one by one randomly such that 'Current Securities Limit' is within the threshold limit.

Hence I-Sec Will square off 20 Qty of Deepak Nitrite Ltd Position as required to reduce the Negative 'Current Securities Limit' which will release margin of 3760.

Now after square off the above position Revised Current Securities Limit will be "310".

1. What is Good till Trigger (GTT)?

A Good till Triggered (henceforth referred to as 'GTT') is the trigger-based order placement feature which allows you to place buy or sell orders in stocks of your choice at your specified price which will remain active until the trigger condition is met or the GTT request is cancelled / expired. The maximum validity date for which the GTT trigger will be valid, is 365 days after which it will get expired. It is particularly useful for traders who can't actively monitor the market throughout the day.

2. How does GTT feature work?

You can set a trigger price and a limit price for a GTT request. When the last traded price (LTP) breaches the specified trigger price, limit order will be placed with the exchange at the specified quantity and price. The GTT requests will be valid till triggered/cancelled/expired, whichever is earlier. The GTT request placed by you will be with ICICI Securities Limited (henceforth referred to as 'I-Sec') in GTT Book and limit order will be sent to exchange only when the trigger condition is met.

3. Can all customers of I-Sec avail GTT facility?

Yes, all online existing and new customers of I-Sec who are eligible to trade in Equity Cash product can avail GTT facility.

4. Is GTT feature available for all products?

No. The facility of placing GTT request is available only for Cash Products only under the Equity segment. Please note you cannot place GTT requests in any other products under Equity like Margin Broker Mode, Margin Client Mode, Margin Plus etc.

5. Can I place Buy and Sell orders with GTT request validity?

Yes, GTT request are available for both your Buy as well as Sell orders in Cash product only.

6. Can I place GTT request in any stock and exchange?

GTT request can only be placed in particular Stock Exchange combination if it is allowed for placing GTT Requests as per I-Sec Risk Management System (henceforth referred to as 'RMS'). Please visit the Equity "Stock List" page under Services tab in Stocks Section. On clicking the stock name, GTT Allowed Y/ N field will be available to view whether the selected Stock Exchange combination is allowed for GTT facility or not. However, I-Sec RMS can disable any of the stocks for placing GTT requests at its discretion.

7. Do I need to allocate funds for placing GTT request?

No, you don't need to allocate funds while placing GTT request. However, you will have to ensure that sufficient limits are available in Equity segment when your GTT request is triggered, to meet requisite limit required for the order.

8. What will be the validity of GTT request?

GTT request will be valid till it is triggered, cancelled or till expiry of validity, whichever is earlier. The maximum validity of a GTT is 365 days, after which it will get expired. Please note in case the triggered order remains open/ unexecuted for the day then the order expires and the GTT request will no longer be valid. In such cases you may want to place your GTT request again.

9. What is Trigger price and Limit price in GTT request?

Trigger price is the price at which your request will get triggered for sending order to exchange & limit price is the price at which your order will get placed at exchange.

10. What are different types of GTT requests?

There are below types of GTT requests–

1. Buy Single
2. Sell Single
3. Sell OCO (One Cancels Other)
4. Cover Sell Single
5. Cover Sell OCO (One Cancels Other)

11. What is Single trigger type in GTT?

Single trigger type GTT request is where you can set a single trigger price, which can be greater than / lower than the LTP, once the LTP crosses your trigger price, order will be placed with the exchanges at your predetermined limit price.

Example1: Say, LTP of a stock is Rs. 100 and you set the trigger price at Rs. 90 and the limit price at Rs. 89, then once the LTP trades below Rs. 90, your GTT request will be triggered and an order will be placed with the exchange at Rs. 89.

Example2: Say, LTP of a stock is Rs. 100 and you set the trigger price at Rs. 110 and the limit price at Rs. 111, then once the LTP trades above Rs. 110, your GTT request will be triggered and an order will be placed with the exchange at Rs. 111.

12. What is OCO request type in GTT?

In Sell OCO or Cover Sell OCO type GTT requests, both 'Stoploss' and 'Target' trigger price conditions can be set simultaneously. When either of the trigger price condition is fulfilled, then the other one which is not triggered will get immediately cancelled.

Example: LTP of a stock is Rs. 100 and you place a OCO GTT request with the Stoploss Trigger price at Rs. 90 and Stoploss Limit price at Rs. 89 and Target Trigger price at Rs 110 and Target Limit price at Rs. 111. Now if the LTP trades below Rs. 90, then the stop loss condition is met so, Target price condition will get cancelled immediately and stoploss order will be sent to the exchange at Rs. 89.

13. What is Cover request type in GTT?

Cover GTT request can be placed along with the fresh order from the existing order placement page.

Example: Currently, a stock is trading at LTP of Rs. 101 and You are placing buy order for a stock at a Limit Price of Rs 100. Along with the same order, you place cover GTT request with Stoploss Trigger price of Rs. 90, Stoploss Limit price of Rs. 89, Target Trigger price of Rs. 110 and Target Limit price of Rs. 111. Once Buy order of Rs. 100 is fully executed, cover GTT request will become Active and until then it will remain Inactive. Now, after GTT request becomes Active, if the LTP reaches on or below Rs. 90, then the stop loss condition is met so, Target price condition will get cancelled immediately and stoploss order will be sent to the exchange for execution at Rs. 89.

14. Where can I place GTT request?

You can place GTT request from the following pages as mentioned below:

1. "GTT" page in "Place Order" tab: GTT Buy as well as GTT Sell requests.
2. "Delivery Page" in "Place Order" Tab: Sell GTT Request along with Normal Fresh Buy order of Day Validity.
3. "Demat Holding" page: GTT Sell requests.
4. "Get Quotes" page: GTT Buy as well as Sell requests.

15. Can I modify GTT request?

Yes, you can modify trigger prices (Stop Loss/ Target) or limit price as well as quantity for your GTT request from the GTT book as long as it is not triggered. Please note that you will be able to modify the request only when the trigger is in 'Active status'.
On modifying the fresh buy order in case of GTT Sell request with Fresh Buy, if you desire to modify Cover GTT request then you will need to do it separately.

16. Can I place only Target or only Stoploss or both Target and Stoploss request in GTT?

Yes,
In case of Cover OCO GTT trigger type, you can choose to place only Stoploss or only Target or simultaneously both.
In case of OCO GTT, simultaneously both Stoploss and Target trigger price will need to be set.
In case of Single GTT, only Stoploss or only Target can be placed i.e., only one trigger price can be set which can either be above or below the LTP.
Please note all GTT orders will be sent as limit price orders wherein the limit price by default will be same as trigger price but you can choose to change limit price which can be different from trigger price.

17. How do I see my GTT Requests?

To view the GTT requests, you can visit the 'GTT' section of the Order Book page. It gives you details of GTT request such as Stock for which GTT request was placed, Date & Time of GTT request placement, Buy/Sell position, LTP, Trigger Price, Limit Price, Qty, Current Status of GTT request and Action Buy to Modify/Cancel/Reorder the GTT request.
The Log will be displayed on clicking the GTT order reference hyperlink of your respective GTT request. The Remarks column in the order log will also display the GTT request rejection remarks, if any.

18. Where can I view the details of GTT orders which is placed with the exchange post triggering?

You can view the details of GTT orders placed post triggering of GTT request in your account under the normal Equity order book. A separate identifier will be displayed stating that “This is a system placed GTT Order” below the Order Reference No.

19. What are the various statuses in GTT book against GTT request?

The statuses against your GTT request in GTT book are:

1. Inactive- The status of GTT request is 'Inactive' in case of your Cover GTT request if your Fresh Buy order is not fully executed yet. Until GTT request is Inactive, it will not get triggered even if trigger price condition is fulfilled.
2. Active- The Status of GTT request is 'Active' in case of Single or OCO GTT request is placed. And for Cover GTT request when your fresh order is fully executed status of GTT becomes Active from Inactive.
3. Triggered- The status of GTT request is 'Triggered' in case of:
   1. Single GTT request when Trigger price condition is fulfilled.
   2. OCO GTT request when either of the Trigger price conditions i.e., Stoploss or Target is fulfilled.
      Triggered status of GTT request reflects the status of only GTT Trigger condition i.e. GTT trigger condition has been fulfilled so, it may happen that the order which was supposed to get sent on triggering is rejected due to various valid reasons. Hence, ensure checking 'Normal Order Book' and 'GTT Order Reference Number logs' for more details of such order." Also, as trigger is valid only once, same GTT request won't get triggered again.
4. Cancelled- The Status is cancelled against your GTT request if the request is cancelled by the customer or if the request is cancelled by the I-Sec RMS in scenarios such as corporate action of that stock, etc.¬¬
5. Expired - The status of GTT request is 'Expired' if the GTT trigger conditions are not met within the GTT validity period and the GTT request is no longer valid.

20. Why did my GTT request got triggered and no corresponding cash order was placed?

There could be various reasons for your GTT request being 'Triggered' and no corresponding cash order was placed they are as follows:

1. Insufficient funds in Equity segment during triggering of GTT request
2. Insufficient holdings in Equity Demat account during triggering of GTT sell request
3. The limit price is outside the price range for that day.
4. Particular stock is not allowed for Trading for that day
5. Due to Trading Validations as defined by I-Sec RMS, Refer “Trading Validations in Equity” for detailed validations.
6. If the no mandate available against the GTT sell order for a e-DIS account.
7. On trigger if the order does not meet the existing risk management checks applicable for 'Order placement' like; quantity, price, cumulative value checks etc.

21. Why did my GTT request get cancelled?

There could be various reasons for your GTT request being seen as 'Cancelled' and they are as follows:

1. You may have cancelled your GTT request from the GTT book.
2. In case of Fresh Buy with GTT Sell, if your fresh order is cancelled by you or rejected by exchange or if position quantity is less than the cover GTT quantity.
3. In case of any Corporate Action in the underlying where you have GTT request.
4. In any exceptional adverse scenario due to which I-Sec RMS requires to cancel the open GTT requests.

22. Why is there an error in placing in GTT request?

The GTT request will not be placed if the trigger conditions are not entered correctly and validation error will be displayed in the following cases while placing GTT requests:

1. The GTT trigger should be at least x% or y rupees away from the LTP.
2. If the Stoploss Trigger is entered above the LTP.
3. If the Target Trigger is entered below the LTP.
4. If the Stoploss limit price is entered more than z% away from the Stoploss Trigger Price.
5. If the Target limit price is entered more than z% away from the Target Trigger Price.

23. What will happen in case there is a corporate action happening in the stock in which I have placed GTT request?

If a corporate action is announced in particular stock then such stock will be disabled by I-Sec RMS for GTT request placement from Ex date - 1 day till Record date. If your GTT request in such stock is still Active / Inactive then your GTT request in such stocks will get cancelled during this period and orders will not be placed on subsequent days post cancellation. This is to safeguard your interest and avoid placement of orders at unrealistic prices due to the impact of corporate action. You are thereby requested to login into your account to see the status of GTT requests in such stocks and place fresh GTT requests again at appropriate prices in case you wish to continue with placement GTT request in such stocks after corporate action has been completed.

24. Can I place GTT request for Sell against an Demat Holding?

Yes, customer can place GTT Sell Single as well as OCO request from Demat Holding page by clicking on GTT Sell link.

25. What if the trigger conditions are met for GTT request but the holding is sold or there is existing sell order pending?

If the stock quantity available to sell is insufficient due to any reason such as another sell order is placed or executed, or insufficient Demat Holding etc., when the GTT request is triggered then no sell order will be placed. You will be able to view the updated remarks against such request in GTT book on clicking GTT Order Reference No.

26. What will happen to pending Sell GTT requests if you have already placed normal sell order from Demat Holding page and holding is squared off and now you have again created holding in same stock?

When pending GTT Sell request is triggered, system will check whether the stock quantity available to sell is sufficient or not and if it is sufficient the GTT Sell order will be sent to the exchange against the recreated position in the same stock.

27. Is there any additional charge or difference in the brokerage rate for normal Cash transactions and GTT orders?

No. There are no additional charges for placing GTT request also there is no change in the brokerage rates for your normal Cash transactions and GTT orders. The Brokerage rates and applicable charges are same for your normal Cash transactions and GTT orders.

28. How will GTT orders be settled?

The settlement for your GTT orders would be done in the same manner as normal cash transactions.

29. Can I place GTT requests through CallNTrade?

Yes, you can place your GTT requests through CallNTrade.

30. Is there any restriction on the number of GTT requests which can be placed?

You can place multiple GTT request in a day. Also, GTT requests can be placed in different stocks as well. However anytime Active and Inactive GTT requests should not exceed 100 requests in one account which may get updated by I-Sec RMS time to time.

31. Can I place GTT requests at any time during the day?

Yes, you can place GTT request at any time during market hours and even post market hours when the site is open for placing overnight orders.
However the orders will be only triggered only during market hours i.e during 09:15 am – 03:30pm.

32. Can I place GTT request being an e-DIS customer?

e-DIS customers can place GTT request but please note that you will need to take mandate for your Demat holdings against which there are Sell GTT request. Otherwise Sell GTT request triggered for your holdings will get rejected as you need to authorise delivery of stocks using M-PIN. This is not applicable in case of POA and DDPI customers.

33. How to ensure fast execution of Cash order placed due to triggering of GTT?

Entering the limit price of the trigger above the trigger price in case of GTT Buy and below the trigger price in case of GTT Sell may increase the chances of execution.

34. If my Fresh Buy Order does not get executed or only partially executed during the day, what will happen to the corresponding cover GTT placed along with this Fresh Buy order?

If your Fresh buy order does not get fully executed then at the End Of the Day, the inactive cover GTT request will get automatically cancelled since for Cover Sell GTT to be Active, Fresh Buy order requires full execution. You will have to place a fresh GTT or reorder the GTT placed earlier.

35. Why is the GTT not triggered even though the trigger conditions are met?

A GTT is triggered when the stock price breaches the trigger price and based on the ticks captured by the system. Due to high volume of transactions per second on the exchange, due to any circumstances, if the tick isn't captured, the GTT may not trigger and can remain pending until the stock price reaches the trigger price again. So, Trigger or Sending order after successful Trigger or Execution of orders after the trigger are not guaranteed for GTT.

1. What is trade analysis and why is it required?

"Trade Analysis" is a Post Trade Tool available on our website for intraday traders to analyze their trade's compared to various price points of a stock/contract during the trading time frame on a particular trade date. Reviewing trades by professional traders is critical part of post-trade and allows traders to take the screenshot of the stock/contract chart after the trade is completed, plots Buy and Sell points, recapping the trade and tweaking the trade rules for the future with the learnings of every position taken and exited on a trade date.

2. Can I analyze my trades in all products?

With "Trade Analysis" you can now analyze your trades done in MarginPLUS, FuturePLUS Stop Loss and OptionPLUS products.

3. From where can I use this Trade Analysis feature on the site?

Please visit the Trade Book, under Action column a link named "Trade Analysis" will be available against the same day's trade only under the action Buy/Sell.

4. Is this available for all trade dates?

This link is available only on the same day against trades done on that date and is not available for previous trade dates.

5. Can this feature be used any time during the same trading day?

No. This feature being a post trade tool can be used only after market hours and for the same trade date.

6. How to use the Trade Analysis?

Trade Analysis can be used to analyze the impact on the closed positions Profit/Loss by choosing a base for comparison i.e. Fresh trade or Cover Trade. In case you choose Fresh as base to analyze then the chart will freeze the entry price point as per your trade price and help analyze the impact on your Profit/Loss by changing the exit price points on the chart just by moving the mouse anywhere during the time frame and you can view the possibility of making Profits assuming you had exited at that time and price point available on that trading date. Similarly, you can choose to keep Cover Trade as base in that case the chart will freeze the exit price as your Cover trade price and just by moving the mouse you can see the impact had your entry price point been different as per the available price ticks on the same trade date.

7. What are the benefits of using Trade Analysis?

The Trade Analysis feature helps traders in easily plotting on the chart and knowing the possibility of making Profits or curtailing Losses on their closed position during the day had the trader chosen a different entry or exit price point available at a different time during the trading session. Also to support their analysis, key market data like Open, Close, High and Low Prices related to their position in that stock/contract is all made available on the same screen along with the intraday price chart.

8. Can customer compare any side of the trade, Fresh or Cover, to see the P/L he could have made on his position on that day?

Yes, customer can compare any side of the trade Fresh or Cover to see the Profit/Loss he could have made on his position on that day by selecting the Fresh or Cover options available on charts.

9. Can Trade analysis be done for Buy and Sell trades?

Yes, trade analysis can be done for Buy as well Sell trades.

10. Does the Profit/Loss displayed under Trade analysis consider Brokerage and other charges ?

No. Profit/Loss displayed under Trade analysis does not consider Brokerage and other charges. Trade analysis is purely based on your Trade price.

11. What can be viewed for a trade with Trade Analysis - Only Profits, Only Losses or Both?

Both Profit as well as Loss at different price points can be viewed for the trades with Trade Analysis

What is an Assessment Year?

The Assessment Year (AY) is the 12-month period from 1 April to 31 March, immediately following the financial year in which the income was earned. For example, for FY 2025–26, the AY is 2026–27, during which returns are filed.

What is a Previous Year?

The Previous Year is the financial year in which the income is earned. Example: April 1, 2025 to March 31, 2026 is the Previous Year for Assessment Year 2026–27.

Under which head is income from securities taxed?

• If securities are held as an investment (capital asset) → gains/losses are taxed as Capital Gains.


• If securities are held as stock-in-trade (business asset) → profits/losses are taxed as Business Income.

• Trading stock,


• Personal effects,


• Agricultural land outside municipal limits (or beyond 8 km where notified).


Jewellery and ornaments are not treated as personal effects and are subject to capital gains tax on sale.

• Bought shares on 1 Apr 2021, sold on 3 Aug 2021 → 4 months → Short-term.


• Bought shares on 11 May 2020, sold on 31 Oct 2021 → 17 months → Long-term.

• Gift or inheritance: If you received shares as a gift or through a will, you also get credit for the time the previous owner held them.
• Bonus shares: The holding period starts from the date of allotment of bonus shares, not your original shares.
• Rights issue shares: If you subscribe to rights shares, the period starts from the date of allotment of those shares. If you sell your “right” itself (without subscribing), the period starts from the date the company offered the right.
• Company merger/amalgamation: If your old company merges into another, your holding period includes the time you held shares in the old company.
• Company liquidation: Any period after the company goes into liquidation is not counted in your holding period.

• The shares you bought first are treated as sold first.


• Cost and holding period are calculated accordingly.


• Each Demat account is treated separately.

Example 1: Sale of all shares on 25 Apr 2023

Example 2: Mixed holdings and partial sales

• Profits and losses from such trades are taxed as Profits & Gains from Speculation Business (i.e., business income).


• Exception: If margin transactions are used strictly as a hedge to protect an existing holding from price movements, they are not treated as speculative. In that case, profits/losses are treated as non-speculative business income/loss.

• For listed equity shares and equity-oriented mutual funds , STCG is taxed at 20%.


• For other assets treated as short-term, gains are taxed at your normal slab rates.


• Brokerage and other acquisition expenses increase the cost; brokerage on sale reduces sale consideration.


• Short-term capital losses follow rules for set-off and carry-forward under the Income-tax Act.

• Sale = 5,000 × 165 = ₹825,000


• Cost = 5,000 × 155 = ₹775,000


• STCG = ₹50,000 (deduct sale brokerage; add buy brokerage to cost where applicable)

• Salary: ₹3,00,000


• STCG: ₹50,000


• Gross Total Income = ₹3,50,000

• Brokerage and acquisition expenses can be added to cost of acquisition.


• Brokerage and selling expenses can be deducted from sale consideration.
  
  Include these expenses when calculating capital gains or losses.

• Indexation benefit has been withdrawn (Finance (No. 2) Act, 2024), so you cannot index cost for inflation.


• As per Finance (No. 2) Act, 2024: for listed equity shares, LTCG is taxed at 12.5% if cumulative gains in the financial year exceed ₹1.25 lakh.

• Indexed cost was a method to adjust purchase cost for inflation using Cost Inflation Index (CII).


• Indexation benefits have been withdrawn under the Finance (No. 2) Act, 2024 for the categories described above. Therefore, you cannot apply indexation when computing capital gains for those assets going forward.

• Exception: Transactions entered into by a dealer/investor to hedge losses on holdings are not speculative.

• Profits/losses are classified under Profits & Gains from Business/Profession as speculative business income.


• Tax on such profits follows normal business tax rules (taxed at your slab rate or as applicable to business income).


• Important constraint: Loss from a speculation business can only be set off against profits of another speculation business (i.e., it cannot be set off against non-speculative income).

• LTCG = ₹75,000


• Other income = ₹3,75,000


• Max non-taxable threshold = ₹4,00,000


• Shortfall = ₹25,000 (4,00,000 − 3,75,000)


• Taxable LTCG = 75,000 − 25,000 = ₹50,000


• Tax on LTCG = 12.5% of 50,000 = ₹6,250

• If bonus shares were issued after 31-Jan-2018, cost of acquisition of the bonus shares is Nil (so proceeds on their sale will be treated as capital gains). Period of holding for bonus shares starts from the allotment date.


• If bonus shares were issued on or before 31-Jan-2018, the grandfathering rules (see below) apply.

1. Long Term Holding would not attract any tax if sold on or before March 31, 2018
2. Cost of Acquisition of Equity share would be considered to be higher of the actual cost or the Fair Market Value of it as on January 31, 2018.
3. However, to avoid an arbitrary loss situation, if the Actual Sale Consideration is lower than the Fair Market Value as on January 31, 2018, the Cost of Acquisition would be either the Actual Sale Price or Actual Cost, whichever is higher.

• FMV means the highest price on a recognised exchange on 31-Jan-2018; if not traded that day, use the last traded high prior to that date.

Reports and Statements available to get history of transactions that would help you in filling Income Tax return?

The following statements and reports are available for ICICI Direct Customers.

A. Equity: 

1.Statements: The statements can be downloaded from Customer Service Page under Link " Statements --- > Transaction statement and Select market Type as Equity" after due authentication with the user ID and password.
2.Contract Notes: The individual contract notes can be downloaded from Customer Service Page under Link " Statement --- > Digital Contract Notes and Select market Type as Equity" after due authentication with the user ID and password.
3.Transactions in Excel Sheet: The Transaction done in a financial year can be Exported to Excel. Select the period  from 01st April to 31st March in the Trade Book. For ex: If you wish to have all the transactions from April 06 to March 07, Select " Date From" as 01/04/2006 and "Date To" as 31/03/2007 and click on "Export to Excel". All the trades for the financial year would be transported in an excel sheet. Thereafter sort these sheet in Ascending order first based on "Stock" then by "Action" for you to compute the Profit / loss.
4.Intraday Equity Transactions in Excel Sheet: Margin and Margin Plus orders are called Intraday Transactions. To compute Profit / Loss incurred due to trades in Margin / Margin Plus, Select the period  from 01st April to 31st March in the Trade Book and select the Product as Margin or Margin Plus. For ex: If you wish to have all the transactions from April 06 to March 07, Select " Date From" as 01/04/2006 and "Date To" as 31/03/2007, select product as Margin and click on "Export to Excel". All the trades for the financial year would be transported in an excel sheet. Thereafter sort these sheet in Ascending order first based on "Stock" then by "Action" for you to compute the Profit / loss.
5.Demat Holdings: You can request for the Demat statement by writing to dematservices@icicibank.com or by visiting any of the nearest ICICI Bank Branch. You may register your Demat account for Internet Banking facility. To more details please contact our Customer Care
6.Demat Holdings as on 31st March: This can be requested as per the process as mentioned above under Point 5.

B. F&O:

1.Statements: The statements can be downloaded from Customer Service Page under Link " Statements --- > Transaction statement --- > Select market Type as Derivatives" after due authentication with the user ID and password.
2.Contract Notes: The individual contract notes can be downloaded from Customer Service Page under Link " Statement --- > Digital Contract Notes and Select market Type as Derivative " after due authentication with the user ID and password.
3.Portfolio Details: Under this link select the financial year and the Product type. This would provide you the Trades done in the selected period and the Realized Profit / loss. Please note that the Portfolio details would not have the Brokerage and other charges included in your Realized Profit / loss.

C. Mutual Funds:

1.Statements: The Mutual fund statement can be requested by contacting our customer care or writing to helpdesk@icicidirect.com
2.Transactions in Excel Sheet:  Select the period  from 01st April to 31st March in the order book and copy all the trades to an Excel sheet. For ex: If you wish to have all the transactions from April 06 to March 07, Select " Date From" as 01/04/2006 and "Date To" as 31/03/2007. Copy all these trades in an Excel Sheet. Thereafter these trades can be sorted in Ascending order through "Scheme Name", then by "Transaction Type" for you to compute the total purchase and redemption order made in that particular scheme. Please note that " P-Purchase, R-Redemption, SI-Switch In (Purchase), SO-Switch Out (Redemption), DR-Dividend Re-investment, TI - Transfer In request (Purchase. Original price needs to be computed by you as per your investment amount)
3.Cash Flow in Excel Sheet: To check the investment made in Mutual Fund  Select the period  from 01st April to 31st March in the Cash Flow link and copy all the Cash flow to an Excel sheet. For ex: If you wish to have all the transactions from April 06 to March 07, Select " Date From" as 01/04/2006 and "Date To" as 31/03/2007. Thereafter these trades can be sorted in Ascending order through "Scheme ", then by "Type" for you to compute the total purchase and redemption order made in that particular scheme.

What is a Book closure/Record date?

The registered shareholders of the company are entitled to corporate benefits such as dividend, bonus, rights etc. announced by the company from time to time. Since, the ownership of shares of companies traded on the stock exchange is freely transferable and to enable the company to know the persons entitled to the benefits, all transfers of securities have to be registered with the company (this is required in case of transfer of shares in physical form). Since transfer of securities is a continuous process open any time, the company announces cut off dates from time to time and members on the register of shareholders as of these cut off dates are entitled to the benefits. Such cut-off dates are record dates. Alternatively, the company might choose the close the register of shareholders for registration of transfer during a specified period. All transfer requests received before the commencement of the book closure or on or before the record date are considered for the purpose of transfer. A Company cannot close its books for more than 30 days at stretch for a book closure, and not more 45 days in a year. The period between two Book Closure cannot be less than 90 days.

What is the difference between book-closure and record-date?

ACC announced a Book Closure (BC) for the period 6th July to 30th July'96. During this period, the company had closed its register of security holders. This was done to determine the number of registered members who were eligible for the Bonus 3:5 and a dividend of 40%. The process of transfer of shares was operational till 5th July'96. The company announced a No Delivery period from 12th June to 9th July'96 before the Book Closure. During this period, trading was permitted in the securities but the trades were settled only after 9th July. Hence, the buyers of the shares were not be eligible for the Bonus 3:5 and a 40% dividend. The first day of the No Delivery period is considered as an Ex - Date since the buyer of the shares is not eligible for the corporate benefits for this BC.

The same logic holds good for Record date, but the two main differences are that : In case of a record date, the company does not close its register of security holders. Record date is a cut off date ( in the above example '5th july96) for determining the number of registered members who are eligible for the corporate benefits [Interim dividend (30%) ].

What is a 'No Delivery' period?

Whenever, a book closure or a record date is announced by a company, the exchange sets up a 'No Delivery' period for that security. During this period, trading is permitted in the security. However, these trades are settled only after the No-Delivery period is over. The start of No-Delivery period is the ex-date of the settlement.The settlement is clubbed with the settlement of the week whose pay-out date falls just after the end of the no-delivery period. This is done to ensure that investor's entitlement for the corporate benefits is clearly determined. No-delivery period generally extends to all weekly cycles touched from 15 days prior to the record date and 4 days subsequent to the record date (both inclusive).

What is an ex-date?

The first day of the 'No Delivery' period is the ex-date viz., if there is any corporate benefit such as rights, bonus, dividend etc. announced for which book closure/record date is fixed, the buyer of the shares on or after the ex-date will not be eligible for the benefits while the seller would be eligible for the same.

When a company issues new shares during a financial year, these may be entitled to only a pro-rata dividend for that year. Such shares are called NPP shares.

• They have the same market price as ordinary shares but different dividend rights.



• Holdings are reflected separately in your demat account, as they carry a different ISIN.

What happens if I hold NPP shares?

• Ordinary and NPP shares have different dividend entitlements.



• To compensate the buyer of NPP shares for lower dividends, a value adjustment is made:
  
  ○ If you sell NPP shares, you may need to pay the “new share dividend” (deducted from sale proceeds).
  
  ○ If you buy NPP shares, you will receive this compensatory value.

How can I verify that the dividend paid/received is correct?

Exchanges publish a list of scrips eligible for pro-rata (NPP) dividend for each settlement, including details of distinctive numbers and applicable dividend rates.

What is KYC?

KYC (Know Your Client) is SEBI’s mandated client identification process. It involves verifying your:

• Identity and address


• Financial status, occupation, and demographics

What are the KYC requirements for a Mutual Fund investor?

• Individuals: Must fill the KRA KYC application form and provide:
  ○ Proof of Identity (e.g., PAN card copy, passport, driving license)
  
  ○ Proof of Address (any valid document listed in Section B of KRA KYC Form)


• Non-individuals: Must submit certified documents relating to constitution/registration, as listed in Section C of the KRA KYC Form.

Where and how can I get KYC compliant? Do I need to repeat KYC with every Mutual Fund?

The Mutual Fund industry has appointed CDSL Ventures Ltd. (CVL), a wholly owned subsidiary of CDSL, to carry out the KYC process. CVL, through its Points of Service (PoS), accepts KYC forms, verifies documents, and issues a KYC Acknowledgement.

• The list of PoS is available on Mutual Fund, CDSL, and AMFI websites.


• KYC once done is valid across all Mutual Funds; you don’t need to repeat it for each fund.

What is a KYC Application Form?

A MF KYC Application Form has been designed for Individual and Non-Individual Investors separately.

• Forms are available on the websites of AMCs, AMFI, and CVL.


• Investors should carefully read the instructions before filling the form.

Do I need to visit a PoS personally?

Not necessarily. If you cannot visit, you may send the KYC form and documents (originals or attested copies) through your distributor or representative, who will complete the process at a PoS.

From when is KYC mandatory?

• From 1 February 2008, KYC was mandatory for investments above ₹50,000.


• From 1 October 2010, KYC is mandatory for all investments, regardless of amount.

Who needs to be KYC compliant? Is there any exemption?

• All investors, individual or non-individual, must be KYC compliant for Mutual Fund investments.


• This includes SIP investors (from 1 February 2008).


• Joint holders: Each holder must be KYC compliant, and copies of KYC acknowledgement for all must be attached with the application.


• Transmission cases (death of sole holder): Claimants must also submit their KYC Acknowledgement with other documents.

How are existing investors covered under KYC norms?

KYC is applicable to all. Existing investors are advised to obtain and submit their KYC Acknowledgement at the earliest to avoid inconvenience.

What happens if my KYC is cancelled or rejected?

If your KYC form is deficient due to missing info or documents, further investments will not be permitted until corrected.

Is there any charge for KYC?

Currently, KYC compliance is free of cost.

I am an NRI. How can I complete KYC?

• NRIs can fill the KYC form (available on AMC, AMFI, or CDSL websites).


• The completed form with attested documents can be submitted at a PoS or sent via your representative/distributor.

Are there any special requirements for an NRI?

Special requirements for NRIs are as follows:

• Certified true copies of passport, overseas address, and permanent address.


• If documents are in a foreign language, they must be translated into English.


• Documents can be attested by:
  
  ○ Notary Public
  
  ○ Branch Manager of a scheduled commercial/multinational bank
  
  ○ Indian Embassy officials

What are the requirements for a PIO?

PIOs must meet the same requirements as NRIs, plus submit a certified copy of their PIO Card.

Whom should I inform about changes in Name/Address/Status/Signature?

You must inform any convenient PoS (not directly the AMC or Registrar).

• Submit your KYC Acknowledgement and relevant proof (e.g., new address proof).


• Allow at least 15 days for the change to reflect across all Mutual Funds.

If I provide PAN proof with my investment, is that sufficient?

PAN proof covers only identity verification. KYC additionally requires verification of address and other investor details.

Why do I need to provide income details? Will they be kept confidential?

As per the Prevention of Money Laundering Act (PMLA), Mutual Funds must collect financial status details.

• No proof of income is required.


• Information is confidential and used only for regulatory purposes.

Do I need to update my income status if it changes?

Yes. If your income increases/decreases enough to change your declared bracket, update it at a PoS using the specified form. Proof is not required.

What if my signatures do not match?

If there is a signature mismatch, Mutual Funds may require bank attestation or other due diligence for investor protection. This is separate from KYC but necessary to prevent fraud.

.Can I invest in the 8.05% RBI Floating Rate Savings Bond? What is the maturity period?        Top

Yes, you can invest in the RBI Floating Rate Savings Bond, 2020 (Taxable) through the FD/Bonds section on the ICICIdirect platform.

• Current interest rate: 8.05% p.a. (revised every January and July)


• Issuer: Reserve Bank of India (on behalf of the Government of India)


• Maturity: 7 years

• Resident Individuals (not NRIs), in:



• Individual capacity


• Joint holding


• ‘Anyone or survivor’ basis


• On behalf of a minor (as parent or legal guardian)

• Hindu Undivided Families (HUFs) can also invest, but only offline via physical application.

• The bank processes the application


• It generates and manages the Bond Ledger Account (BLA) for your investment

. How do I apply for RBI Floating Rate Savings Bonds through ICICI Direct?

To invest in Savings Bonds via ICICI Direct:

1. First, Allocate funds under the category “Mutual Funds, IPO, and Others” by visiting the Modify Allocation page.

2. Navigate to:
   FD/Bonds >> Invest >> G-Sec >> Floating Rate Savings Bonds (Taxable)

3. Click ‘Place Order’ and fill in the required details to complete your application.

.When is the interest payable?

Interest is payable half-yearly from the date of issue. The schedule is as follows:

• First interest payment is made up to 31st July or 31st January, depending on the bond issue date.


• Subsequent interest payments are made every six months on 31st July and 31st January.

. Will I receive confirmation of my transaction?

Yes, a confirmation email detailing your transaction will be sent to your registered email ID.

. When will I receive my Bond Ledger Account number?

 Once the bonds are credited to your Bond Ledger Account (BLA):

• You’ll receive an email with the BLA number and investment details.


• You can also view your BLA number under Portfolio >> FD/Bonds >> Order Book on the ICICI Direct website.
  Orders >> FD/Bonds on the ICICI Direct app


• ICICI Bank will send you a certificate of holding by post within 15 days of BLA allotment.

• Interest earned is taxable as per the applicable provisions under the Income Tax Act, 1961.


• However, the bonds are exempt from Wealth Tax under the Wealth-tax Act.

. Will tax be deducted at source (TDS) on interest?

Yes. TDS will be deducted at the time of interest payment and credited to the Government.

Exception:
No tax will be deducted if you’ve declared tax exemption under the relevant provisions of the Income tax Act 1961 in the application and submitted a true copy of the valid exemption certificate obtained from the Income Tax Department.

. Can I use these bonds as collateral for loans? Can they be traded in the secondary market?

No. The RBI Floating Rate Savings Bonds are:

• Not tradable in the secondary market


• Not eligible as collateral for loans from banks, financial institutions, or NBFCs (Non-Banking Financial Companies)

• Age 60–70 years: Lock-in period of 6 years from date of issue


• Age 70–80 years: Lock-in period of 5 years


• Age 80 years and above: Lock-in period of 4 years

What resources does ICICI Direct provide to help me invest smarter?

ICICI Direct offers a wide range of tools and information to support better decision-making, including:

• Research recommendation and report


• Real-time quotes


• Market news and charts


• Company reports and financial data


• Earnings estimates and analytics


• A comprehensive Markets section with trends, updates, and research insights

How do I get my User ID and password for the first time?

For both Resident Individual (RI) and NRI e-Invest accounts (physically opened), you must generate your first-time login password by:

1. Visiting: Forgot Password – ICICI Direct

2. Entering your User ID, Date of Birth, and PAN

3. Completing the OTP verification process

How do I Change my password:

You can change your password anytime:

• Log in to www.icicidirect.com


• Go to Settings >> Change Login Details

Password Guidelines:

• Must be 8–12 characters long


• Should be alphanumeric


• Preferably include a special character


• Avoid common or easily guessable passwords

What if I forget my password or my account gets locked?

Visit the Unlock Account / Request New Password page on the Customer Service section. You can unlock your account or request a new password from there.

How will I receive my physical password if I request one?

Your new password will be sent to your registered communication address within 7 working days. You can check the status of your request on the same Unlock/Request Password page.

What is Two Factor Authentication?

As per SEBI Circular No. 36/2022 (dated June 14, 2022), two-factor authentication is mandatory for all internet-based trading sessions.

You will be required to enter:

• Your User ID


• Your Password


• And either your Date of Birth or PAN

How secure are my transactions on ICICI Direct?

ICICI Direct uses Secure Socket Layer (SSL) technology and 128-bit encryption to provide industry-standard security. These protocols ensure safe transmission of sensitive information and match the global standards followed by leading international trading platforms.

Secure Socket Layer (SSL) is a method of sending private documents through the internet by using a private key to secure messages

What should I do if I suspect unauthorised access to my account?

Immediately contact ICICI Direct to block your account:

📞 Block/Unblock Helpline:
040-33751200 / 040-64892200

How safe is my linked bank account?

While your ICICI Bank account is linked for fund transfers, only you can authorise transactions. ICICI Direct can only access the amount you allocate specifically for trading.

How safe are my User ID and password?

Your login credentials are stored in encrypted form and known only to you. Even your first login credentials are generated privately.

ICICI Direct automatically logs you out after 20 minutes of inactivity for security purposes. However, if you’re getting logged out too often despite being active, try the following:

Troubleshooting Steps:

• Tools > Internet Options > Delete Temporary Files

• Tools > Internet Options > Settings > “Check for newer versions of stored pages” > Set to Every visit to the page
  
  

• Tools > Internet Options > Privacy > Set to Medium/High


• OR go to Advanced:.

■  Enable “Override automatic cookie handling”

■  Block First & Third-party cookies

■  Enable “Always allow session cookies”

I have money in my bank account but my buy order is not accepted. Why?

Even if you have money in your bank account, it needs to be allocated for trading. Only then will it reflect as a Trading Limit. The amount required depends on the type of order:

• For a Cash order, 100% of the order value must be allocated.


• For a Margin order, only a specified percentage of the order value is required.

What happens when I allocate an amount for online investing?

When you allocate money, it gets blocked in your bank account and a Trading Limit is created. The blocked amount continues to earn normal bank interest. If you do not use this amount for trading, you can later unblock it, which will proportionately reduce your Trading Limit.

I have not allocated any money from my bank account, but my Trading Limit is still positive. Why?

This usually happens when you sell shares in the cash segment. The sale proceeds can generally be used on the same day to make purchases, which increases your Trading Limit.

I sold shares but my Trading Limit has not increased. Why?

This could be because the share you sold is in a No Delivery (ND) period. In such cases, funds are released only after T+1 settlement. You can check the list of stocks under ND. ICICI Direct tracks such trades and will update your Trading Limit on the correct settlement day.

Can I use this service without access to the Internet?

Internet access is required, but it does not have to be from your home or office. You can:

• Visit an ICICI Centre where terminals are available.


• Use any cybercafé to access www.icicidirect.com.


• Call Customer Care at 022-3355 1122 / 1860 123 1122 (Mon–Fri, 08:00 AM – 07:00 PM) and use the Call N Trade facility. After authentication, an officer will place orders on your behalf.

I find the site slow. Why?

Please give time for the browser cache to build up on your computer. You will find that the site will respond faster with time. The site uses advanced technology that loads only the portion of the page you request. Performance improves over time as your browser cache builds up.

I cannot see some parts of the site, like the login/logout buttons.

The site works best with Internet Explorer 7.0 or above and a screen resolution of 1024 × 768. Please check your browser version and resolution settings.

The order ticket does not scroll down. What should I do?

For certain features, you must use Internet Explorer 7.0 or above. Please update your browser.

Can I increase the font size?

Yes. You can use the zoom feature of your browser, which is available in all modern browsers.

I cannot see the sub-menus under the main menu.

Sub-menus appear when you hover your mouse over the main menu. Click on the sub-menu to open the respective page.

The virtual keyboard is not very visible during login.

The virtual keyboard becomes clearly visible when you click on “Use Virtual Keyboard”.

I cannot access the site from my office. Why?

The site is accessible behind a proxy server. If you face issues, contact your IT support team.

Can I access the site from my mobile phone?

Yes. If you have a GPRS/CDMA connection, you can access the low-bandwidth site (ICICI Direct.com on the move) designed for smaller screens.

The new site does not run smoothly on my mobile.

The new site is supported on most modern handsets. If you are using an older handset, we recommend switching to the Low Bandwidth Site (LBS) for smoother transactions. You can also share feedback at feedback@icicidirect.com

The site gets stuck or shows “Page cannot be displayed” on IE 6.0.

The site works best with IE 7.0 or above. If you are using IE 6.0, clear cookies and temporary internet files, and follow the browser’s prompts to update settings.

I cannot open multiple pages at once on the new site.

To open multiple pages, use File > New Window or the keyboard shortcut Ctrl + N. This will allow you to track and trade on two windows simultaneously.

I am unable to open ‘Modify Allocation’ in a separate window or tab using right click. What should I do?

The ‘Modify Allocation’ link is available on all transaction (buy or sell) pages. You can:

• Click the link directly and make the required allocation without losing your current page/filled content.


• Use the Order Book tab on ICICI Direct to modify allocation.


• Use File > New Window or Ctrl + N to open a new window and perform the modification.

Equity & Derivatives Segment:

• Details of transactions executed in your ICICI Direct account are sent to your registered e-mail ID in the form of digitally signed contract notes.


• These contract notes are also made available on the official website: www.ICICI Direct.com


• You can view or download these contract notes by logging in as follows: Login → Stock Reports → Digital Contract Notes


• In addition, daily e-mails are sent to clients providing information on orders and trades placed on that trading day.


• Equity transaction statements are also available online.
  
  To access them:
  
  Login → Stock Reports → Equity Transaction Statement

• ICICI Securities Ltd. (I-Sec), acting as an intermediary for distribution of mutual funds, has arrangements with various Asset Management Companies (AMCs) to facilitate mutual fund investments through www.ICICI Direct.com.


• In compliance with SEBI Regulations, I-Sec provides monthly electronic statements on the website for mutual fund transactions executed by clients during the immediately preceding month.


• To access your Mutual Fund Transaction Statement:

Login → Mutual Fund → Holdings → Statement

• The above details reflect the current company policy.


• These procedures are subject to change in order to comply with future regulatory requirements or internal company policies.

What is Call N Trade?

Call N Trade allows you to place orders in Equity, F&O, IPOs, Mutual Funds, and more — over the phone. This service is ideal for customers who are on the move or prefer trading via voice assistance.

After successful verification, our trained executives will place the order on your behalf.

Customer Care Numbers:

📞 022 3355 1122 / 1860 123 1122
🕗 8:00 AM – 7:00 PM (Mon–Fri)
📞 Commodities: 8:00 AM – 12:00 AM (Mon–Fri)

NRI Customers
📞 +91-22-3914-0422 (24x7 support)

International Toll-Free Numbers:

• USA: 1-833-965-1642


• UAE: 8000-183-0040


• Singapore: 800-101-4621


• UK: 0800-029-1679


• Australia: 1-800-976-163

What do I need to do to trade through the Call N Trade facility?

To use the Call N Trade facility, ensure the following:

1. You have a trading account with ICICI Direct

2. You have accepted the online terms and conditions

3.Either:

a. You have set an M-PIN for your account
OR
b. Your contact numbers are updated in your trading account

What if I don't have my access code (M-PIN)?

If you don’t have an M-PIN, call from your registered contact number. Our Customer Care executive will verify your identity by asking security questions and place orders on your behalf after successful verification.

What if my contact details are not registered?

You can still use the Call N Trade facility by providing your M-PIN and trading account number/User ID.

If you don’t have an M-PIN, you can generate one online. Alternatively, you may update your contact details in your trading account to simplify verification in future calls.

What are the timings for the Call N Trade facility?

The facility is available Monday to Friday, 8:00 AM to 7:00 PM IST, excluding trading holidays.

Can I place orders when the markets are closed?

Yes, you can place limit orders during non-market hours within the Call N Trade timings. These orders will be sent to the exchange once the market opens.

What are the charges for using the Call N Trade facility?

Calls Per Month	Charges
First 20 calls	Free
Beyond 20 calls	₹50 + GST per call

Additional charges:

• For trades in Currency and Commodity segments ₹50 per order


• For customers with an active ICICI Direct iValue plan: ₹20 per order in Equity and F&O segments

What does ASBA stand for?

ASBA means Applications Supported by Blocked Amount. It is an application authorizing the bank to block the IPO application money in your account until allotment. ICICI Direct offers this facility in affiliation with ICICI Bank.

What is the difference between the Non-ASBA IPO process and the ASBA process?

In the Non-ASBA IPO process, the bid amount(application money) is debited from the bank account once the bid application is successfully placed with ICICIDirect. Under the ASBA process, the amount is not debited from your bank account until successful allotment. Until such allotment, the amount will remain blocked in your bank account.

Do I need to execute any additional documentation to avail this facility?

No. No additional documentation is required.

Is this facility available for all IPOs?

Yes, ASBA facility is available for all IPOs.

How can I bid under the ASBA facility?

For placing a bid under the ASBA route, you will have to :
Login to your icicidirect.com account =>
Click on the "Trading Page" =>
Click on the "IPO Link" => a new checkbox "ASBA" has been provided on this page. Presently, ASBA and Retail are ticked by default. Retail Customers would only be required to enter the "Quantity" and "Price" and accept the "Terms & Conditions" before submitting the bids.
For bidding under the Non-ASBA process you would be required to untick the "ASBA" option and proceed as usual.

Can I bid in an IPO under ASBA as well as under NON ASBA route?

No. If an applicant applies through both ASBA as well as non ASBA then both the applications having the same PAN, will be treated as multiple application and hence rejected.

Will I get priority in allotment for bidding under this facility?

No. ASBA forms will be treated similar to the non-ASBA forms while finalizing the basis of allotment..

Do I need to manually update my portfolio for IPO shares?

No. Allotted IPO shares are automatically updated in your portfolio.

Till what time can I bid under this facility?

Bidding time will be same for ASBA and Non ASBA applications.

Can I bid at multiple rates under ASBA?

Yes. You can place up to three bids under ASBA.

Can I revise my bid under ASBA?

Yes. You can revise your bid.

• In case of an upward revision, an additional lien will be marked for the incremental amount.


• In case of a downward revision, the excess blocked amount will not be released immediately and will only be released after allotment.

Can I withdraw the amount blocked for an ASBA bid application?

No. The blocked amount cannot be withdrawn. It will remain blocked unless you cancel the application before the issue close date. If not cancelled, it stays blocked until the allotment process is completed.

What happens when the issue fails/is withdrawn?

In case the issue fails/withdrawn ICICIDirect shall unblock the application money from the bank accounts upon receiving instructions from the Registrar.

To update your address in ICICI Direct, you must first change it in your Demat account.

Procedure to change address in Demat

1. Fill the Change of Address form (Individual/Non-Individual) available at:www.icicibank.com Demat Services > Service Request Form > Form for Change in Correspondence Address.
2. Attach documents:
   1. Self-attested PAN card copy (mandatory)
   2. Self-attested address proof (list available in the form)
3. The form must be signed by all account holders.
4. Documents must also be attested by an ICICI Bank official. Visit any ICICI Bank Demat desk for attestation.
5. Submit the documents at any ICICI Bank branch with Demat facilities. Branch details available at:
   www.icicibank.com > Demat Services > Service Request Form > Demat Branches or directly via: http://maps.icicibank.com/mobile/

Procedure to change address in Mutual Fund (AMC):

• Submit a separate Request for Change of Address form to each AMC where you hold units.


• Send documents to:

Mutual Fund Operations Team
UNIT NO.501,601,701,801,901, Building No.3,
Mindspace Juinagar, Plot Nos. GEN-2/1/D, GEN-2/1/E (Part) & GEN-2/1/F (Part),
MIDC TTC Industrial Area, Juinagar, Navi Mumbai - 400706.

What is Stock SIP?

Stock SIP is a new facility offered through ICICIdirect.com using which you can place buy orders for a prespecified amount or for a prespecified quantity in scrips of your choice at regular intervals over a period of time as selected by you. For instance, you can select a Stock SIP for a period of say 6 months to invest 2000 per month/ other permitted frequency in shares of BHEL or alternatively you can choose to buy 10 shares of BHEL every month/ other permitted frequency through Stock SIP.

After you have provided the necessary details i.e. the scrip, amount/ quantity to be invested, frequency of investment, total time period and authorized ICICI Securities (I-Sec) vide your Stock SIP request, I-Sec will place your Stock SIP buy orders at market price.

Can all clients of ICICI Securities Limited avail Stock SIP facility?

Yes. All online existing and new clients of ICICI Securities Limited can avail the Stock SIP facility.

Why should I invest through Stock SIP when I can invest in cash segment?

Stock SIP allows you to systematically invest a prespecified sum/ buy a prespecified quantity of shares over any defined period of time in a disciplined manner. You can therefore invest at predefined intervals without the need to worry about the right time to invest in the Equity market.

Unlike in the cash segment, where you have to time the market to make gains, Stock SIP helps you to bring down your average cost of acquisition of shares due to the averaging principle.

Stock SIP eliminates the need for you to actively track the market and helps in distributing your investment over a period of time.

What is a Stock SIP Request?

A Stock SIP Request is an online instruction placed by you on www.icicidirect.com authorising I-Sec to place buy orders in your account as per the details specified by you.

Can I place Stock SIP Request for Sell transactions?

No. You can place Stock SIP Requests for "buy" orders only under the Equity segment.

What is the difference between Stock SIP request and Stock SIP order?

Stock SIP request is an authorization given by you to I-Sec for placing buy orders as per your instructions mentioned in the request.

The orders placed by I-Sec as per your authorization vide the Stock SIP request are called Stock SIP orders.

Do I need to allocate funds for placing a Stock SIP Request?

No. Stock SIP Request is merely an authorisation given to I-Sec to place order in your account as per your instructions vide the Stock SIP Request. Hence, funds are not required or used when you place Stock SIP Requests.

Your funds would however be required and used at the time of placing the Stock SIP orders.

If you have a 3-in-1 account, funds will be auto fetched from bank account for Stock SIP orders.

If you have a 2-in-1 account, you will need to allocate funds in Equity segment to ensure successful trigger of Stock SIP orders.

What is meant by "Frequency"? Please explain how does it work?

Frequency means the time interval, after the start date, with which you wish Stock SIP orders to be placed in your account. Depending on the frequency selected by you, I-Sec will place Stock SIP orders at the defined intervals after the start date for the total period specified by you. The First order will be placed on the start date specified by you and thereafter orders would be placed at the frequency for the total period as per your request.

For example:,
If you have placed a Stock SIP request for buying 100 shares of Reliance at a 'Monthly' frequency for a total period of 2 months with start date 12-07-2010, I-Sec will place 2 orders for this Stock SIP i.e. the first order being on the Start date and the other order in the next month after the start date on a monthly frequency. In this case the first Stock SIP order for 100 shares in Reliance is placed by I-Sec on 12-07-2010 , the next Stock SIP order will be placed in the next month on 12-08-2010 which will be the end date. If you have placed a Stock SIP request for 100 shares in Reliance with 'Weekly' frequency for the period of 2 months with start date 12-07-2010, then the first Stock SIP order for 100 shares in Reliance will be placed by I-Sec on 12-07-2010 and the subsequent Stock SIP dates will be 19-07-2010, 26-07-2010 and so on upto 12-09-2010 i.e. two months from the Start date.

Do I need to log in on every Stock SIP date to place the Stock SIP orders?

No. Once you have placed your Stock SIP requests, I-Sec will place the Stock SIP buy orders on your behalf. You need not login to your account to purchase the shares.

What are the types of Stock SIP request I can choose on ICICIdirect.com and how do I indicate my choice?

You may select either Amount based Stock SIP request or Quantity based Stock SIP request. You can indicate your choice by selecting the desired option under the field "Type" at the time of placing the Stock SIP request.

What is "Amount" based Stock SIP?

Amount based Stock SIP is a type wherein a fixed amount (or approximately the same) is invested in your desired scrip at each frequency.

In case of Amount based Stock SIP, you need to specify the amount to be invested in the scrip at your desired frequency

At the time of placement of your Stock SIP order, since quantity of shares has to be specified, the same will be calculated by dividing the Stock SIP amount specified by you with the market price of the scrip at the time of order placement as per the Stock SIP request.

The formula would be Quantity = Stock SIP Amount / Market price. Any fractional quantity will be ignored and order will be placed for the balance quantity. The actual order value would be based on the market price for the quantity so calculated above.

What is "Quantity" based Stock SIP?

Quantity based Stock SIP is a type wherein a fixed quantity of shares of your desired scrip is purchased at each frequency.

In case of Quantity based Stock SIP, the quantity would be as specified by you and would be fixed while placement of orders as per your desired frequency. The order value would be calculated based on the market price of the scrip prevailing in the market at the time of order placement.

How can I invest through Stock SIP?

To start investing through Stock SIP, you will have to follow 3 easy steps as mentioned below:

Step 1: Login to your ICICI Direct account

Step 2: Go to: Stocks -> Smart Tools -> Stock SIP

Step 3: Select Exchange, Stock, Type, Amount / Quantity, Frequency, Total Period, and SIP start date, and click on Proceed

What is "Stock SIP Request Book"? What are the details available on the Stock SIP Request book?

The "Stock SIP Request Book" on the site is a page which displays the details of the Stock SIP requests placed by you under the Stock SIP product. You can view the Stock SIP Request book by visiting Stock SIP Request Book link under Stock SIP on the Place Order page. This book will provide you the details like the Stock SIP reference no., stock name, quantity or amount, frequency, total period, start date, next SIP date, end date etc.

What is "Existing Stock SIP" link? What are the details available on the 'Existing Stock SIP link?

The "Existing Stock SIP" link under Stock SIP section on the Place Order page is a link which displays all your ongoing Stock SIP requests. This link will provide you with details like the date, Stock SIP reference no., stock name, Stock SIP type, quantity or amount, status, SIP start date, SIP end date, next SIP date etc.

Can I place Stock SIP request in any scrip?

Stock SIP requests can be placed only in select scrips as mentioned in the Stock SIP list appearing on ‘Stock SIP’ section on the place order page.

I-Sec may include or exclude any scrips from the Stock SIP Stock list at any time without any prior intimation.