ICICI Direct one of the leading brokerage house in India and also known for charging a hefty sum of amount as brokerage from its client has recently made some changes to its brokerage plans. According to the mail from ICICI Direct it has two plans now one is I saver and another one is I secure. Please do find the details of the plans below:-
We value and cherish your relationship with ICICIdirect.com, your award winning trading platform.
As you know, we have won the prestigious Outlook Money Award yet again this year for being the "Best E Brokerage house". This makes it our 5th consecutive win. Among many reasons for winning some of these accolades, one of them does seem to be that we try our level best to continuously improve our products and services, while adding new ones. This is very often guided by your most valuable feedback, which is at the core of our continuous improvement philosophy. And this time, we are happy to bring another such improvement entailing what we call ‘multiple brokerage plan’ option, which allows you to choose a plan that suits your needs best. Essentially, there are two main plans to choose from:
I-Saver – Our current Variable Brokerage Plan of 0.25% -0.75% in delivery, where you save on your brokerage as you do higher turnover with us. This is also our existing brokerage plan
I-Secure – Under this plan you get a flat Brokerage of 0.55% in delivery irrespective of your turnover
So, let us say you are a frequent trader. In such a case you may prefer to remain in I-Saver where your brokerage reduces along with your increasing turnover. Otherwise you could on the other hand, choose I-Secure where you have the certainty of a flat brokerage irrespective of your turnover. So now, how should you proceed, you might be wondering.
Well if you wish to change your brokerage plan, all you need to do is to logon to the site, visit the Customer Service Section and then click on ‘Select Brokerage Plan’ to change your plan. Please note that any change in the plan can only be done for the next quarter. These plans are effective from January 1, 2010. But you may exercise your choice before that date, should you want to.