What is ICICI Direct prime plan?

The ICICI Direct Prime plan is a brokerage plan that reduces your brokerage by over 50%. It also offers an eATM facility which gives you instant payout from your sell to your trading account instead of waiting for T+2 days.

When you sell stocks, it takes T+2 days (T being the day of the trading) for the money to get credited into your trading account. In prime plan, the money is credited in your trading account within 30 minutes thus allowing you to reinvest it the same day. Note that you cannot withdraw this fund to your bank account until T+2 days.

ICICI Direct Prime Plan Benefits

• More than 50% reduction in brokerage
• Access to 'Research content' and 'Website' for all Prime Plan subscribers
• Complimentary 'Bullet Plan' wherein Zero brokerage is charged on all intraday Stop Loss trades squared off within 5 minutes of buying
• Reduced 'Interest Rates' on delayed payments/MTF carry forward positions in Equity Margin Products
• Lower brokerage on penny stocks and NCD/Bonds