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Schedule of Fees: Applicable to NRI Investors
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E-invest Account Opening Charges
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Rs. 4000 (one time charge)
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Equity Brokerage Structure
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| Total Eligible
Turnover (Volume of Transaction) per month |
Brokerage |
| Trades above Rs.
50,00,000/- (Above Rs. 50 lacs) |
0.50 % |
| Rs . 25,00,001/- to
Rs. 50,00,000/- (Rs. 25 lacs to Rs. 50 lacs) |
0.75 % |
| Rs . 10,00,001/- to
Rs. 25,00,000/- ( Rs. 10 lacs to Rs. 25 lacs) |
0.90 % |
| Rs . 5,00,001/- to
Rs. 10,00,000/- ( Rs. 5 lacs to Rs. 10 lacs) |
1.00 % |
| Up to Rs.
5,00,000/- (Rs. 5 lacs) |
1.25 % |
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For NSE Trades Brokerage is calculated on a per share basis and is rounded off
to the fourth decimal.
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For BSE Trades Brokerage is calculated on a per share basis and is rounded off
to the second decimal.
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SERVICE TAX OF 10.30 % of BROKERAGE will be
charged additional. The service tax is calculated per share and rounded off to
four decimals. Service tax rates and other statutory levies are subject to
change from time to time.
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SECURITIES TRANSACTION TAX (STT) EQUITY will
be charged additional. The service tax is calculated per share and rounded off
to four decimals. Service tax rates and other statutory levies are subject to
change from time to time. STT is calculated on the Weighted Average Price of
the client for a particular day. This is also calculated on the value and
rounded of the second decimal.
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TRANSACTION CHARGES OF 0.0035% of turnover in NSE and 0.0034%
of turnover in BSE will be charged additional. The
transaction charge is calculated on per share basis and rounded off to four
decimals.
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STAMP DUTY at the rate of 0.01% on delivery based turnover and
0.002% on non-delivery based turnover will be charged in
addition to the charges mentioned above. The Stamp Duty is calculated on per
share basis and rounded off to four decimals.
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The final value of Brokerage and Service Tax is arrived at by multiplying the
per share value in four decimals with the Quantity. This value is then rounded
off to two decimals.
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The minimum value of the order that would be accepted would be Rs. 500/- and
the minimum brokerage would be Rs. 25/- per trade. The minimum brokerage is
Rs.25/- or 2.5% of the trade value whichever is lower. The brokerage is
inclusive of bank's charges for Portfolio Investment Services (PINs), demat
market transaction charges and postage charges.Service Tax, Securities
Transaction Tax (STT), Transaction Charges and Stamp Duty will be charged
additionally as per the applicable rate.
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Commission Rates
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If the total value of buy and sell transactions is Rs. 5,00,001 or more in
any calendar month, commission for the immediate next month would come down by
25 basis point to 1.00%. However if in the next calendar month, the total value
of buy and sell transactions is less than Rs. 5,00,000 (Rs. 5 lacs), the
applicable commission for the immediate next quarter would increase by 25 basis
point and reinstated to1.25 %.
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For example, the total value of buy and
sell transaction for a Month I is Rs.30,00,000. Applicable brokerage for the
Month II would be 0.75 %, which would be retained at 0.75% or revised upward up
to 1.25 % for Month III based on the total value of transaction in Month II.
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| MONTH |
TURNOVER |
BROKERAGE RATE |
NEXT MONTH
BROKERAGE AS PER TURNOVER DONE |
| MONTH-1 |
30,00,000/- |
1.25% |
0.75% |
| MONTH-2 |
60,00,000/- |
0.75% |
0.50% |
| MONTH-3 |
12,00,000/- |
0.50% |
0.90% |
| MONTH-4 |
2,50,000/- |
0.90% |
1.25% |
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Minimum Order Value
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Minimum order value would be Rs.500.
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Demat Account Fee schedule for Non Resident Indians (With
effect from June 01, 2005):
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| Fee Head |
For Domestic
Communication Address |
For Foreign
Communication Address |
| A/c opening Charges
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NIL |
NIL |
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Annual Service Charges (payable at the time of account opening and thereafter
every year in the month in which the account was opened) (waived off for all
ICICI Direct.com Customers for the first year in which they open the account)
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Rs. 500/- ( Rs. 450/- for customer receiving statements by e-mail )
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Rs. 1200/- ( Rs. 1150/- for customer receiving statements by e-mail )
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Agreement Stamp Paper (included in the ICICI Direct.com a/c opening charges)
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Rs. 100/- |
Rs. 100/- |
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Buy - Market and Off-Market (% of transaction value of each ISIN) - Max.
Rs. 500 for debt instruments
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Nil for Trades done on www.icicidirect.com
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Nil for Trades done on www.icicidirect.com
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Sell - Market and Off-Market (% of transaction value of each ISIN) - Max. Rs.
500 for debt instruments
· Instruction submitted through Internet (E-inst / IVR)
· Instruction submitted through Call Centre
· Instruction submitted at Branches
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0.04% (Min. Rs. 10)
0.04% (Min. Rs. 15)
0.04% (Min. Rs. 30)
Nil for Trades done on www.icicidirect.com
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0.04% (Min. Rs. 10)
0.04% (Min. Rs. 15)
0.04% (Min. Rs. 30)
Nil for Trades done on www.icicidirect.com
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| Rejections/Fails |
Rs. 30/- |
Rs. 30/- |
Extra charges for processing of TIFDs submitted late (% of transaction value)
· Instruction submitted through Internet ( E-inst / IVR)
· Instruction submitted through Call Centre
· Instruction submitted at Branches
(accepted at Client's risk)
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Nil
Nil
Rs. 10/- per ISIN (Nil for e-instructions)
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Nil
Nil
Rs. 10/- per ISIN (Nil for e-instructions)
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| Dematerialisation |
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| For each request form |
Rs. 35/- |
Rs. 35/- |
| Extra for each
certificate |
Rs. 2/- |
Rs. 2/- |
| Rematerialisation |
Rs. 20/- |
Rs. 20/- |
| Closure of Account |
Nil |
Nil |
Pledge Creation/Closure/Confirmation/ Invocation (% of value for each ISIN in
each request)
· If, ICICI Bank is counter party
· If, ICICI Bank is not counter party
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0.02% (Min. Rs. 15)
0.04% (Min. Rs. 30)
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0.02% (Min. Rs. 15)
0.04% (Min. Rs. 30)
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Postal Charges for security items, Additional Booklets, Security Certificates
etc.
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Rs. 350/-
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Rs. 350/-
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· NSDL charges are chargeable extra on actuals. Present NSDL charges are:
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Sell - Market and Off-Market (W.e.f. 01.01.2008)
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Rs. 5/- per debit instruction (nil for commercial paper and
short-term debt instruments)
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Rs. 5/- per debit instruction (nil for commercial paper and
short-term debt instruments)
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Rematerialisation (W.e.f. 01.11.2006)
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A fee of Rs.10/- for every hundred securities or part thereof ; or a flat
fee of Rs. 10/- per certificate, whichever is higher
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A fee of Rs.10/- for every hundred securities or part thereof ; or a flat
fee of Rs. 10/- per certificate, whichever is higher
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Pledge Creation
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Rs. 25/- per instruction
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Rs. 25/- per instruction
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The value of shares and charges is calculated as per NSDL formula and rates.
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There will be a charge of Rs. 100/- for dishonour of any cheque or unsuccessful
attempt to recover payment through direct debit or ECS. The depository services
are liable to discontinuation if ICICI Bank is unable to recover charges from
the customer for any reason whatsoever. In such cases there will be a charge of
Rs. 250/- for resumption of services and the services will be resumed after a
minimum of three working days from the date of receipt of request at Central
Processing Office, Mumbai.
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Any service that is not indicated above will be charged separately as per the
rates applicable from time to time.
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ICICI Bank reserves the right to revise the tariff structure from time to time,
with notice of 30 days. The notice may be given by ordinary post or by an
advertisement in a national daily.
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If the Demat Account is closed during the year, no pro-rata refund of Annual
Service Charge will be made.
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Future & Options Brokerage Structure :
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The eligible turnover and the brokerage rates for Futures and Options are given
in the below table:
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| Futures |
Options |
| Total Eligible Turnover per month |
Brokerage (%) |
Total Eligible Premium Value per month |
Flat Brokerage per contract lot (Rs.) |
| Above Rs. 20 Crores
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0.03% |
Above Rs. 20 lacs |
70 |
| Rs.10 Crores to Rs. 20 Crores |
0.035% |
Rs. 10 lacs to Rs. 20 lacs |
75 |
| Rs. 5 Crores to Rs. 10 Crores
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0.04% |
Rs. 5 lacs to Rs. 10 lacs |
85 |
| Less than Rs. 5 Crores |
0.05% |
Less than Rs. 5 Lac |
95 |
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The Futures and Options transactions will be charged at a brokerage rate of
0.05% and Rs. 95/- respectively for the first month. The brokerage rates will
be applicable for the next month depending on the turnover done in the current
month E.g. For the month of Aug 2008, brokerage rate will be dependent on the
turnover done in the month of July 2008 as seen in the table below:
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| Brokerage Example |
| Month |
Total Eligible Futures Turnover (Rs. Crore) |
Brokerage % |
Total Eligible Options Premium value (Rs. Lacs) |
Flat Brokerage per contract lot (Rs.) |
| 5th Nov 2008 |
21 |
0.035% |
18 |
70 |
| 4th Oct 2008 |
19.25 |
0.03% |
21.5 |
85 |
| 3rd Sept 2008 |
20.25 |
0.035% |
5.15 |
75 |
| 2nd Aug 2008 |
11 |
0.04% |
12.25 |
95 |
| 1st Jul 2008 |
5.9 |
0.05% |
4.95 |
95.00 |
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Note:
Service tax ,Securities Transaction, Stamp Duty, Transaction Charges and SEBI
Turnover Charges/ will be charged additional as per applicable rates.
Service Tax, Securities Transaction Tax, Stamp Duty, Transaction Charges and
SEBI Turnover Charges are statutory levies and subject to change from time to
time.
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