General

Is there any interest charged for using Shares as Margin in the Equity segment? (MTF/Intraday)

ICICI Direct’s Share as Margin (SAM) feature lets you pledge existing free shares in your Demat holdings to create instant trading limits. These limits can be used to create positions in MTF and Intraday, subject to applicable haircuts — no cash margin needed.

Interest is charged on these limits when they are used to create position in MTF. The interest rate depends on your brokerage plan and can go as low as 9.65% p.a on the utilized limits.

No interest is charged for usage of shares as margin limits to create Intraday positions.