ICICI - Zero Brokerage on Options Trading
Friday, June 01, 2007
You are reading this first here...ICICI in an internal announcement just a while ago have introduced a new brokerage slab for Intraday Options Trading. ICICI is moving towards flat brokerage with effect from May-1st. That's right effective May-1st. New slabs are as follows.
| Total Eligible Premium Value | Brokerage Per Lot | Brokerage on Second leg-of trade | Effective brokerage on each leg of intraday square-off |
| Above Rs.20 Lacs | 65 | Nil | 32.50 |
| Rs.10 Lacs to Rs.20 Lacs | 70 | Nil | 35.00 |
| Rs.5 Lacs to Rs.10 Lacs | 75 | Nil | 37.50 |
| Rs.2 Lacs to Rs.5 Lacs | 85 | Nil | 42.50 |
| Less than Rs.2 Lacs | 95 | Nil | 47.50 |
ICICI trading interface is far better than Reliance Money which is full of software glitches and fund transfer has been a headache. ICICI is getting more serious on preserving existing customers as well. For more details read here.
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