loader2
NRI

How can we help you ?

Choose the category to find the help you need

    Announcements

    Rollback of Direct Payout of Securities in MTF: What You Need to Know - Shares bought in MTF will not get auto-pledged...
    Read More
    Stocks Back

    General Queries

    How to check statements & reports on ICICIdirect mobile apps?

    Statements & reports isn’t available in the app but you can check it in the main website through below path.

    Path: Website > Portfolio > Statements & Reports

    When are funds credited to customers account?

    Starting from March 18, 2024, fund payouts will be credited to your account after 3:30 PM on the next working day (T+1)

    Key Points to Note: You will get access to limits in your ICICI Direct account before the market opens on the next trading day, enabling you to execute other transactions for Equity and F&O.

    Impact of the change explained

    Equity Segment
    If you sell Rs. 1,00,000 worth of shares on March 18, 2024 (Monday), funds will be credited to your account on March 19, 2024, after 3:30 PM. Limits against this transaction will be available from the evening of March 18, 2024.

    F&O Segment
    For Futures & Options profit made on March 18, 2024 (Monday), funds will be credited to your account on March 19, 2024, after 3:30 PM. Limits against the profit will be available before the market opens on the next trading day, i.e., March 19, 2024.

    Can we do trading in BSE – Derivatives from ICICIdirect mobile apps?

    BSE – Derivatives is currently available from website only but it will be made available very soon on ICICIdirect mobile apps as well. 

    How do I protect myself against financial fraud (Investor alert – Unauthorised use of ICICI Securities brand name)?

    Important: Fraudulent Activity and Unauthorized Use of ICICI Direct & ICICI Securities Brand in India

    It has come to our (ICICI Direct) notice that certain unknown persons/entities claiming to be part of ICICI Direct / ICICI Securities are soliciting/offering services with respect to trading activities through various online platforms, including WhatsApp groups.

    Based on the limited information available to us, we believe that the activities being undertaken by the person/s or entity/s purporting to be part of ICICI Direct and/or ICICI Securities are illegal and fraudulent. Such activities also deeply tarnish the goodwill and reputation of ICICI Direct & ICICI Securities. These activities are being reported to the relevant authorities for necessary action.

    We urge our investors and public at large to be cautious and vigilant in this regard and be wary of such unscrupulous person/s and/or entity/s impersonating ICICI Direct and/or ICICI Securities.

    In addition, we recommend that you DO NOT:

    • Make any payments without being certain the transaction is legitimate
    • Provide any personal information, data or KYC documents to anyone you do not know
    • Reply to suspicious emails, text messages & WhatsApp messages or contact the sender by any means of communication
    • Open suspicious websites, links, urls or attachments as this may lead to an attempt to infect your computer or other devices with a virus
    • Engage /respond to Call/SMS from unknown numbers especially from unknown/suspicious international numbers.

    Kindly note that ICICI Direct DOES NOT:

    • Ask anybody to join WhatsApp / Telegram groups for receiving recommendations on stocks leading to abnormally high, assured or guaranteed returns
    • Call/reach out to our customers from international numbers.
    • Offer assured or guaranteed returns on any of our equity/equity linked products.

    You may please refer this link (https://www.icicidirect.com/services/cybersecurity) for our official list of websites / mobile applications / social media handles of ICICI Direct/ ICICI Securities.

    Is stock list available on ICICIdirect apps?

    Stock list information isn’t available in the app but you can check it in the main website through below path.

    Path: Website > Stocks > Services > Stock List

    By when the profit will be credited to my bank account?

    The profit will be credited in your bank account after 1:00 PM on T+1 day.

    What is Periodic Call Auctions (PCA)?

    Periodic Call Auctions were introduced by SEBI in 2013 to reduce volatility in certain illiquid stocks. Illiquid stocks, meeting specific criteria like low daily trades and trading volume, are included in PCA.

    Stock exchanges shall identify illiquid scrips at the beginning of every quarter and move such scrips to periodic call auction mechanism. To learn more, refer to BSE FAQ (PDF) and NSE circular (WEB).

    How Does Periodic Call Auctions (PCA) Work?
    • Timing: There are six auction sessions during the trading day, each lasting an hour.
    • Order Placement: Investors can place, modify, or cancel orders during the first 45 minutes.
    • Matching: Orders are matched in the next eight minutes.
    • Confirmation: Resulting trades are confirmed, and theres a seven-minute buffer before the next session.

     

    Session No

    Start Time- Order Placement

    Order matching

    Buffer period

    1

    09:30 AM - 10:15 AM

    10:15 AM - 10:23 AM

    10:24 AM to 10:30 AM

    2

    10:30 AM - 11:15 AM

    11:15 AM - 11:23 AM

    11:24 AM to 11:30 AM

    3

    11:30 AM - 12:15 PM

    12:15 PM - 12:23 PM

    12:24 PM to 12:30 PM

    4

    12:30 PM - 01:15 PM

    01:15 PM - 1:23 PM

    01:24 PM to 01:30 PM

    5

    01:30 PM - 02:15 PM

    02:15 PM - 2:23 PM

    02:24 PM to 02:30 PM

    6

    02:30 PM - 03:15 PM

    03:15 PM - 3:23 PM

    03:24 PM to 03:30 PM

     

    Why Periodic Call Auctions (PCA) for Illiquid Stocks?
    • Provides a structured trading environment.
    • Ensures fair price discovery.
    • Reduces excessive volatility.

     

    To buy or sell illiquid stocks in PCA, place orders in the first 45 minutes.

    Transactions are executed based on order matching in the subsequent 8 minutes.

    What is the impact of the Settlement Holiday?

    1.

    All trades placed on settlement holidays in the Equity and Derivative segment will be settled the next day.

    2.

    All shares bought in Delivery on settlement holidays will be visible under Security Projection (BTST) holdings on next day but you will only be able to sell them till settlement holidays +1 day.

    3.

    All shares bought in MTF on settlement holidays will be visible under MTF positions but you will only be able to sell them on or after settlement holidays + 2 days.

    What do you mean by capital gains and what is the meaning of long term and short term capital gain?

    Capital gains means, any gain arising on the sale of capital assets such as real estate, equity or equity oriented products. Here we will discuss about the long term capital gain arising on sale of equity and equity oriented funds. Now, investment in shares or equity oriented mutual funds can be done for a short term or long term. Short term means investing for a period of upto 12 months and long term means investing for a period of more than 12 months.

    Suppose if you bought a share on Jan 1, 2017 at Rs 100 and sold on Dec 1, 2017 at Rs.130. This Rs. 30 gain will be short term capital gain. Now if suppose you sell the shares on Jan 15, 2018, then this will be treated as long term capital gain.

    What are short term capital gain tax?

    Any profit or gain arising from stock investment is less than 12 months termed as short-term Capital gains. Short term capital gain tax is taxed at flat rate of 15%.

    Mr A bought 100 shares of Larsen & Toubro ltd at Rs 950 per share on 8th June2020 and sold the same 100 shares of Larsen & Toubro at Rs 1500 per share on 15th February 2021 within 1year (less than 12 months).

    Example:

    LARSEN AND TUBRO, HOLDING PERIOD = 8 MONTHS 6 DAYS

    Stock Name

    BUY VALUE

    SALE VALUE

    GAIN (SALE-BUY) VALUE

    LARSEN & TOUBRO

    95,000

    1,50,000

     55,000


    Gain on Larsen & Toubro is Rs. 55,000/-.

    Short term capital gain tax = 55000 X 15% = 8250/-

    What are long term capital gain tax?

    Any profit or gain arising from stock investment is considered long term capital gains, if the holding period is more than 1year. Long term capital gains up to Rs 10000 from investment in a financial year is exempted from tax. Any gain above RS 100000 is taxed at 10%. 

    Example:

    Mr P bought 200 shares of Titan Ltd. At Rs 820 per share on 27th November 2017 and sold the same 200 shares of Titan at Rs 1700 per share on 1st July 2021

    TITAN (INE280A01028), HOLDING PERIOD= 3 YEARS 8 MONTHS

    Stock Name

    BUY VALUE

    SALEVALUE

    GAIN (SALE- BUY) VALUE

    TITAN

    164000

    340000

    176000

     

    Long Term Capital Gain = 176000 (Up to Rs 100000 is not taxed as per the provision)

    Long term capital Gain Tax= (176000-100000)    = 76000 X 10% = 7600

    How is dividend income taxed?

    As per Finance Act 2020 shareholders will have to pay the tax on dividend income as per their tax slabs at and additional TDS would be charged at 10% if the dividend from any company received exceeds Rs 5000. 

    What is Tax Loss Harvesting

    Tax-loss harvesting is the practice of selling a share that is incurring a loss, so that by realizing the loss, you can offset the same against realized gain for the same year and save on taxes. The security has to move out of the demat account by delivery sell transaction and the sold security is replaced by the same or a similar security.

    When can client needs to take action for tax loss harvesting?

    Client would need to make these transactions before March 31, 2024 to harvest losses for Financial Year 2023-24.