ICICI – Zero Brokerage on Options Trading

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.