Questions iCommunity

Questions

Community User Posted on 10:28am 06-Jul-2021

Hi, What is interest charged by ICICI direct when shares are pledged and kept as collateral and margin is used for selling option?

  • ICICIdirect Executive Thank you for the query. We would like to inform you that Shares pledged as margins have 0 interest cost for all Derivative products and only a nominal pledging fee.

    For more details, click on the below link:
    https://community.icicidirect.com/zero-interest-charges-to-create-margins-in-fno-trades

    Please note if subscribed to ICICIdirect NEO plan, utilizing Shares as Margin facility in Derivatives, then Interest is charged at a rate of 0.025% per day on 100% of Shares as Margin under ICICIdirect Neo plan with effect from January 1, 2021.

    02:04pm 06-Jul-2021