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
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.