Prepaid plan is valid for life time. You may use the balance in your prepaid brokerage account at any time during its validity
For all new Prepaid subscription done from May 10, 2018, you have the option to exit and
take refund of unutilized Prepaid amount after completion of 1 Year of prepaid subscription.
On doing so the balance in your prepaid brokerage account including GST will be refunded after adjusting any obligations with I-Sec if any to your NRO bank account (Non Pins or Pins) or paid by way of cheque and
your account will be mapped to normal brokerage of 1.25% post refund.
Rs 20/- plus GST would be charged towards demat processing charges for each debit instruction from your demat account for your sale obligations
All Prepaid plans (Except for Rs 10,000 Plan) are valid for life time. You may use the balance in
your prepaid brokerage account at any time during its validity
All regulatory and statutory charges would be levied over & above brokerage. For more details on statutory
charges please log on to www.icicidirect.com > Customer service Page
Please maintain sufficient free balance in your linked Bank Account, so that
your account is mapped to the prepaid brokerage plan post successful debit of prepaid brokerage.
Brokerage Usage
The credit in your prepaid brokerage account will be apportioned towards your trading
transactions as and when the transactions are placed.
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. If the balance
in your prepaid brokerage account gets exhausted, all further transactions in your account will be charged brokerage as per regular NRI brokerage plan which is 1.25%.
Brokerage on Futures & Options will be charged as per the Prepaid plan selected
Terms & Conditions
- The prepaid brokerage plan is available in various denominations.
You may choose the appropriate plan depending on your usage.
- The prepaid brokerage amount selected by you will be debited upfront from your linked bank account at the
time of registering for the plan. Please ensure that you have sufficient free balance in your account,
after the prepaid brokerage amount is debited, to meet margin requirements on your open positions.
- Applicable statutory and regulatory charges like STT, Transaction charges, SEBI Turnover tax, Stamp
duty and the like will not be adjusted from your prepaid account but will be debited from your
linked bank account on the day of the transaction. Please note that the said charges will
also reflect in the contract notes issued to you.
- The balance in your prepaid brokerage account can be utilised for Equity and Futures & Options Segment.
- The reduced brokerage on Futures & Options will be applicable till the time prepaid card is active in your
ICICIdirect account. You will be mapped to default F&O rates once prepaid card is exhausted
- The balance in your prepaid brokerage account is non-transferable during the validity period. On
expiry of the validity period or if customer residential status changes to Resident Indian (RI)
from Non-resident Indian (NRI) status, the balance in your prepaid brokerage account including GST
will be refunded after adjusting any obligations with I-Sec if any to your NRO bank account
(Non Pins or Pins) or paid by way of cheque.
- 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.
- The balance in your prepaid brokerage account, if any, will be forfeited as closure
charges in the event you close all your trading accounts with us.
- The balance in the prepaid account cannot be used as margin money / limits for placing
transactions in your account.
- In case, there is an upward revision in Goods and Service Tax rates, the same will be debited
from the Prepaid Brokerage balance and paid to the government. However in case the Goods and Service
Tax rates are reduced, we will not credit the same to your prepaid account as the same would have been
paid to the government.
- I-Sec reserves the right to withdraw the plan at any time or to modify any of the above conditions with a prior notice of 15 days.
- You can place online request for refund of Prepaid Brokerage within 5 days of Prepaid Plan selection
- You will be able to place the request only if you have not utilized your Prepaid Plan after the amount
is debited from your account
- Request for Prepaid Un-Subscription can placed on Customer Service Page - Services - Un-Subscription
- Cash Brokerage shall be levied for Orders placed in OFS and Buyback apart from all other statutory charges