ICICI DIRECT NEO PLAN
ICICI Direct, The second largest retail stockbroker firm in India offering a wide range of investment options to retail and institutional customers.ICICIdirect.com offers an easy-to-use platform to invest in equity and various other financial products using its unique 3-in-1 account which integrates customer saving, trading, and Demat accounts.
Currently, the most popular plan which they are offering and have launched recently is the ICICI Direct NEO, which offers Zero brokerage on Future Trade, Rs.20 Unlimited per order brokerage on options & Intraday trade.
ICICI direct NEO brokerage plan provides an opportunity to invest in the stock market at competitive rates and is been designed for the trader community who mostly trades in the F&O segment (including currency & commodity F&O) and interested in lowering their brokerage along with a host of services provided by ICICI.
Key Features of ICICI Direct NEO Brokerage Plan: You would be eligible for services provided by ICICI direct as per the subscribed plan and additionally you would be eligible for
- The instant fund, You can get your funds within 30minutes of selling shares
- You can avail of Margin Funding at 0.025% per day
- You can access the ICICI research team
- Research reports
- You would be charged Rs.50 per order for call & Trade
- The minimum brokerage charged for the intraday equity margin segment for transactions up to Rs.40,000 will be 0.05% of the trade value or Rs.20, whichever is lower
- You need to pay only one-time subscription fees of ₹299 and there would not be any monthly or yearly fees against this plan.
ICICI Direct NEO Brokerage Charges:
This plan is mainly designed for the traders/investors community who mostly trades in the Intraday & F&O segment. This plan would bring ICICI direct to the league of discount brokers with respect to the brokerage charges and would surely help them to gain market share.
| EQ Delivery | As per existing Plan |
| EQ Intraday | Rs.20 Per order |
| EQ Futures | Zero |
| EQ Options | Rs.20 Per order |
| CUR F&O | Rs.20 Per order |
| Commodity F&O | Rs.20 Per order |
Frequently Asked Questions:
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1. What is the ICICI Direct NEO plan?
ICICI direct NEO brokerage plan provides an opportunity to invest in the stock market at competitive rates and is been designed for the trader community who mostly trades in Intraday and F&O segment (including currency & commodity F&O) and interested in lowering their brokerage along with a host of services provided by ICICI direct. This plan offers Zero brokerage on Future Trade, Rs.20 Unlimited per order brokerage on options & Intraday trade without any monthly or yearly subscription fees.
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2. What is the Brokerage of the ICICI direct NEO plan?
ICICIDirect NEO plan offers Zero brokerage on Future Trade, Rs.20 Unlimited per order brokerage on options & Intraday trade without any monthly or yearly subscription fees.
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3. What are the benefits of ICICIdirect NEO plan?
ICICIdirect NEO plan is mainly designed for trader community where they are getting benefits of the lower brokerage on intraday & F&O Trades by paying one-time subscription fees of Rs. 299 along with host additional benefits as mentioned below:
- You can get your funds within 30 minutes of selling shares
- You can avail of Margin Funding at 0.025% per day
- Call & Trade Facility at a charge of Rs. 50 per order
- You can access the ICICI research team
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4. Is there any Subscription fees for ICICIdirect NEO plan?
Yes, there are one-time subscription fees of Rs. 299 + 18% GST.
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5. How to Subscribe ICICIdirect NEO Plan?
Subscribing for the ICICIdirect NEO plan is very easy and you have to follow a couple of simple steps as mentioned below
- Login to your ICICIdirect.com account
- Visit Settings – Click on ICICIdirect Neo and subscribe.
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6. What is the delivery Brokerage in ICICI direct NEO plan?
ICICIdirect NEO Plan does not provide the equity delivery trade as it is an addon plan applicable for F&O and intraday trade and There would be no change in brokerage rates in any of the delivery products in the Equity segment even if you subscribe to this plan. The Brokerage rates with the minimum brokerage would continue to be as per the customers’ existing base plan
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7. What is the minimum Brokerage in ICICI direct NEO plan?
The minimum brokerage charged for the intraday equity margin segment for transactions up to Rs.40,000 will be 0.05% of the trade value or Rs.20, whichever is lower. All statutory charges will be levied over and above the brokerage charged
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8. What is the Brokerage on Futures in ICICIdirect NEO plan?
There is Zero brokerage in Futures which means all futures trade are completely free in ICICIdirect NEO Plan
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