What is an 'eATM Order'?

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eATM' which stands for 'Equity-ATM' is a facility offered by ICICIdirect wherein the customer receives funds payout within 5 minutes of executing a cash sell transaction. The customer does need not to wait for T +2 days to receive the funds.

Topic: eATM by ICICI Direct Defenition

5 Comments

5. SUDDHODAN ROY

| Link|August 6, 2021 12:30:47 PMReply

The balance withheld amount after paying the 99 % gross in the eATM scheme, is not returned. What are the items of charges deducted ? Is ICICIDirect also charging interest for 2 days on the gross amount, since 99 % of the funds are being paid within 30 minutes ? In such a case, what is the annualised rate of interest ?

4. ARUL KUMAR

| Link|May 3, 2021 5:17:35 PMReply

HI SIR, DURING SELL THE STOCK 20 % OF MONEY IS WITHHELD, WHEN THE MONEY IS CREDITED IN MY ACCOUNT

3. Rahul Desai

| Link|July 21, 2020 9:23:34 PMReply

I have an amount with held at the end of the e ATM sell transaction under - Fund Allocation as on 20/07/2020. When will this amount be released and credited to my linked bank account?

2. H Panchal

| Link|July 20, 2020 5:59:29 PMReply

When i can receive withheld amount ?

1. pinak roy

| Link|July 8, 2020 11:41:51 PMReply

when the withheld amount of eatm sell transaction is released.

1.1. Team Chittorgarh.com

| Link|July 9, 2020 10:19:13 AM

Dear Sir,
The withheld amount of eATM sell transaction is released on T+2 days where T is the day of your trade execution.

This is inline with standard trade settlement cycle.

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