Latest Updates iCommunity

Latest Updates

ICICIdirect Executive Posted on 12:25pm 25-Feb-2021

Zero interest charges to create margins in FNO trades

 
 

Dear Customer,

ICICIdirect has developed several facilities to help our customers trade seamlessly. One such feature is the 'Shares as Margin' facility for our Derivative Intraday products where you can utilize your existing shares to create margins. The shares that you own can be pledged to take fresh positions with margins from your existing shares in your demat account.

Shares pledged as margins have '0' interest cost for all Derivative products and only a nominal pledging fee.

Please see the process below:

1. Login to your account

2. Go to Shares as Margin option

3. Click on Deposit/create limit and select the stock you wish to pledge

4. After placing the pledge request, you will receive a link on your mobile number and email id registered with the depository to validate the pledge.

5. To confirm, you will have to provide OTP authentication on that link

*Please note that the process of Pledge Creation is not instant, i.e., after providing OTP confirmation, pledge will be created after some time. Hence it is advisable to plan the same in advance.

You can click here to read the Frequently Asked Questions
(FAQs) for more details.

The information mentioned herein above is only for consumption by the client and such material should not be redistributed.

Warm Regards,
ICICIdirect.com
 
  Disclaimer