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