Terms & Conditions
 

Terms & Conditions:
  1. The Prepaid Brokerage plan is available in various denominations as decided by I-Sec from time to time. You may choose the appropriate prepaid plan depending on your needs and usage.
  2. Prepaid brokerage plan comes with a Life time validity of 15 years. You can utilize the brokerage amount till it is exhausted within the span of 15 years.
  3. Post the completion of 1 Year from the date of subscription, you have an option to exit and take refund of unutilized Prepaid amount. On doing so, you will be mapped to I Secure Brokerage plan
  4. In case if you opt to continue with the full tenure of Prepaid, after 15 years any unutilized brokerage balance will be refunded back to you and your account will be mapped to I Secure Brokerage plan
  5. In case you close your Trading Account before the completion of 1 year of Subscription, the Prepaid amount will not be refunded
  6. The Prepaid Brokerage amount selected by you will be debited from your linked bank account along with applicable GST thereon from free balance. For e.g.: If you have selected a plan of Rs.25,000, an amount of (Rs.25000 + applicable GST ) will debited from your linked Bank Account free balance.
  7. The minimum brokerage is the following in the below mentioned cards in Delivery Segment.
    • Rs.5,000 Prepaid card: For transactions upto Rs.10,000, minimum brokerage is Rs. 25 or 0.75% whichever is lower.
    • Rs.12,500 Prepaid card: For transactions upto Rs.11,364, minimum brokerage is Rs. 25 or 0.75% whichever is lower.
    • Rs.25,000 Prepaid card: For transactions upto Rs.13,889, minimum brokerage is Rs. 25 or 0.75% whichever is lower
    • Rs.50,000 Prepaid card: For transactions upto Rs.16,667, minimum brokerage is Rs. 25 or 0.75% whichever is lower
    • Rs.1,00,000 Prepaid card: For transactions upto Rs.20,833, minimum brokerage is Rs. 25 or 0.75% whichever is lower.
    • Rs.1,50,000 Prepaid card: For transactions upto Rs.27,778, minimum brokerage is Rs. 25 or 0.75% whichever is lower.
  8. The minimum brokerage is the following in the below mentioned cards in SEP Segment.
    • Rs.5,000 Prepaid card: For transactions upto Rs.4,000, minimum brokerage is Rs. 25 or 0.75% whichever is lower.
    • Rs.12,500 Prepaid card: For transactions upto Rs.4,545, minimum brokerage is Rs. 25 or 0.75% whichever is lower.
    • Rs.25,000 Prepaid card: For transactions upto Rs.5,556, minimum brokerage is Rs. 25 or 0.75% whichever is lower
    • Rs.50,000 Prepaid card: For transactions upto Rs.6,667, minimum brokerage is Rs. 25 or 0.75% whichever is lower
    • Rs.1,00,000 Prepaid card: For transactions upto Rs.8,333, minimum brokerage is Rs. 25 or 0.75% whichever is lower.
    • Rs.1,50,000 Prepaid card: For transactions upto Rs.11,111, minimum brokerage is Rs. 25 or 0.75% whichever is lower.
  9. The minimum brokerage is the following in the below mentioned cards in Margin Segment.
    • Rs.5,000 Prepaid card: For transactions upto Rs. 60,000 minimum brokerage is Rs. 15 or 2.5% whichever is lower.
    • Rs.12,500 Prepaid card: For transactions upto Rs.68,182 minimum brokerage is Rs. 15 or 2.5% whichever is lower.
    • Rs.25,000 Prepaid card: For transactions upto Rs.83,333 minimum brokerage is Rs. 15 or 2.5% whichever is lower.
    • Rs.50,000 Prepaid card: For transactions upto Rs. 1,00,000 minimum brokerage is Rs.15 or 2.5% whichever is lower.
    • Rs.100,000 Prepaid card: For transactions upto Rs.125,000 minimum brokerage is Rs.15 or 2.5% whichever is lower.
    • Rs.1,50,000 Prepaid card: For transactions upto Rs.166,667 minimum brokerage is Rs.15 or 2.5% whichever is lower.
  10. On daily basis we will debit the brokerage, GST and other levies from your linked bank account. The brokerage charged and the GST thereon will be refunded to your linked bank account
  11. Rs 20/- Plus + GST would be charged towards demat charges for each debit instruction from your demat account for your sale obligations
  12. In case you have also subscribe for Option 195 plan, then your Options trade will be charged as per Option 195 plan only
  13. You cannot avail I-Gain Pricing Plans & Prepaid plan simultaneously. Hence, even if the loss is incurred on trades in FPSL and OptionPlus, brokerage will be charged as per the rates applicable in the Prepaid plan.
  14. Applicable statutory, regulatory charges and other levies such as STT, Transaction charges, SEBI Turnover tax, Stamp duty etc. will not be adjusted from your Prepaid account.
  15. The balance in the Prepaid account cannot be used as margin money / limits for placing transactions in your account.
  16. The amount paid under the Prepaid Brokerage plan will be available only for transactions in the Equity Cash products and Derivatives products.
  17. Brokerage/commission and applicable charges on transactions in any other product like Mutual Funds , Life Insurance , General Insurance , FD etc. will be as per the standard rates or as per the standard brokerage plan selected by you and will be debited from your linked bank account as per the present practice.
  18. The brokerage charged to you will be displayed on the contract note, the online trade book and also on the portfolio page of your online account
  19. Additional benefit of Bullet brokerage plan for Prepaid customers :
    • No brokerage will be charged on trades which are squared off / closed within 5 minutes in FuturePLUS with Stop loss, OptionPLUS and MarginPLUS products
    • In Margin Plus, the benefit of Bullet plan would be available for selected stocks. You can visit the Stock list page for viewing the list of stocks enabled for Bullet Brokerage plan in Margin plus product.
    • I-Sec reserves the right to stock selection for Bullet Brokerage plan and may, at its sole discretion, include or exclude any Stock from Bullet Brokerage plan on any exchange without any prior intimation.
    • Statutory charges will be borne by you
    • This benefit will be effective from same day of prepaid plan activation
    • You would continue enjoying the benefit of Bullet brokerage plan even after you exhaust your prepaid brokerage plan.
  20. Trades executed in Cash and F&O segment through Call N Trade or through your RM / Advisors will be charged brokerage as per your Prepaid plan.
  21. Trades executed in Currency and Commodity segment through Call N Trade or through your RM / Advisors will be charged additional Rs. 20/- per order plus GST.
  22. Bullet brokerage plan is not applicable for Currency and Commodity segment.
  23. The details of Prepaid usage will be display on site under the "Customer Service" page under "Services" under link "Usage Summary". Please ensure to track the usage of the brokerage amount in your prepaid account to ensure that you have sufficient balance at all points in time to continue to avail Prepaid Brokerage plan. Please also regularly top up the balance to continue to avail the brokerage rates applicable under the plan. Once your prepaid card balance is exhausted you will be mapped to the I-Secure brokerage plan
  24. Switch between brokerage plans will not be permitted unless you fully utilize the amount in your prepaid account. In case you switch to another non-Prepaid Brokerage plan, the balance in your Prepaid Brokerage account will be forfeited as closure charges
  25. In case if there is change in GST rates upward we will debit the Prepaid Brokerage for the unutilized amount and appropriate GST rates will be paid to the government. However in case of GST rates are reduced we will not credit the same to your prepaid account as the same would have been paid to the government
  26. I-Sec reserves the right to withdraw the plan at any time and in such circumstance unutilized Prepaid Brokerage including GST will be refunded.
  27. I-Sec reserves the right to modify any of the above conditions after giving prior notice of the same to customers