The main features of are:

1. Payout within 5 mins of upto Rs 1 cr on selling shares (eATM).
2. No minimum trade value in Prime i.e., Prime brokerage rates would be applicable irrespective of the trade value (including Penny stocks)
3. Buy stock and pay later at interest as low as 9.69% p.a. with Margin Trading funding
4. NCD/Bonds transactions along with penny stocks would be charged at the same rate as that of cash.

Under new Prime plan customers would be levied Demat charges of Rs.20/- for each debit instruction on sale obligations, irrespective of the transaction value.
In intraday trades in derivatives both legs will be charged as per the brokerage rate applicable in the prime plan

To subscribe to Prime Plan login to your account and follow the path:

Settings > My brokerage Plan

Now choose the Prime Plan that suits you and click on Submit.

If the Prime selection is done before 3.30PM on any trading day, the prime will get activated on same day on successful debit of funds. If the Prime selection is done on post 3.30 PM it will get enabled on the next trading day.

No, if you have a 3-in-1 linked account then you are not required to allocate money for Prime. The funds need to be available in the free balance i.e. the net withdrawal balance of your linked bank account. The money will be debited from the linked account. However, this is valid for accounts in Block model only(i.e. linked 3-in-1 accounts). For accounts with settlement in Running Account Authorization (Deposit model), allocation is necessary.

All Prime plans(except Prime 299) have a lifetime validity.

Auto Renewal is only available for Prime 299 plan. The auto-renewal is by default selected as “Yes” for the customer. Thus, after completion of 1 year, Prime 299 will be automatically renewed. You can disable/cancel the auto-renewal request anytime. Auto renewal is not available for Prime 999 (or higher) plans since the validity of these plans is Lifetime.

The auto renewal option can be cancelled anytime during the validity of the plan by logging into the account and visiting Prime selection page. On the bottom, an option to “Disable Auto renewal” would be available

The plan amount + GST of 18% should be available. E.g. for a 299 plan Rs 352.82 (299 + 53.82) should be available in customer’s account. If the required amount is not available then the debit will fail and Prime will not be activated. Therefore, Prime would need be selected again.

DP charges are levied when you sell shares from demat account. It is charge to be paid to the Depositories and Depository participants.

In Prime Plan, on selling a share from demat account, there will be a DP charges of Rs 20 plus GST on every debit instruction. This is inclusive of the NSDL or CDSL charges. This will be debited from the linked bank account whenever there is a sell transaction.

E.g If you have Tata Motors share in your demat and you sell the same. A flat charge of Rs 20 would be levied irrespective of the trade value. In case you sell Tata motors multiple times during the day, there will only be a single debit instruction and only Rs 20 will be charged. On other hand if you sell 2 different stocks of different companies on same day, then there will be 2 debit instructions and Rs 20*2 = Rs 40 will be levied.

In Currency and Commodity segment, Call and Trade line and system square off charges will be applicable at the rate of Rs. 50 per order.

Brokerage of 0.15% shall be applicable on Physical Delivery of F&O Contracts irrespective of existing brokerage plan.

In Commodity and Currency segment, interest @ 0.027 % per day + GST will be applicable on Shares given as collateral and utilised as margin.

The features of Prime Plans are as follows: