ICICI direct neo plan

What r the drawbacks in ICici direct neo plan ? Is it correct there is an interest of 0.025% per day if we pledge securities for margin …all 100% needs to be in the form of cash as I understand

Can someone confirm ?

@shubh if possible, please clear the doubt about 0.025% interest in neo plan on collateral pledged shares in ICICIdirect

dont you think this question has to be raised towards ICICi brokers.
i dont think Shubh is Icici broker spokesperson.


Yes. ICICI Direct “plans” force you to either pay “interest on margin” (even for LiquidBees) or “brokerage per lot”. Mad!

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