IS ICICI PRIME 9999 Plan a good one for demat and trading requirements? can anyone share your experience please

[ashiquetvr]

I am a salary account holder from a fortune 500 company. I recieved an intresting call from ICICI team, stating they have now added my company which provide me a PRIME 9999 plan for free, which will cut brokarage to 0.07% and some other benefits. Is this something of value? I would love to hear your experiences with ICICI if you have any..

 

[KGSIPO]

I am a salary account holder from a fortune 500 company. I recieved an intresting call from ICICI team, stating they have now added my company which provide me a PRIME 9999 plan for free, which will cut brokarage to 0.07% and some other benefits. Is this something of value? I would love to hear your experiences with ICICI if you have any..View attachment 113303

Every body is getting these plans. When you get 0 % brokerage for delivery from dhan & Zerodha, do you want to pay 0.07%.

 

[Indrajeet100]

Everyone can subscribe to this plan.. there is nothing great in plan itself. As for ICICI direct brokerage - though much costlier than zerodha and others, it is so convenient using 3 in 1 account. I pay almost 30- 40k in brokerage every year to ICICI. Impressed by reviews all around on Zerodha etc., did try to save that by opening Zerodha account but somehow that account lies unused after few trial transactions. Not that Zerodha is anything wrong but somehow I got so used to that interface of ICICI direct that nothing feels better. I have taken 4999 plan. So you can try using both and see what feels good to you.

 

[KGSIPO]

Everyone can subscribe to this plan.. there is nothing great in plan itself. As for ICICI direct brokerage - though much costlier than zerodha and others, it is so convenient using 3 in 1 account. I pay almost 30- 40k in brokerage every year to ICICI. Impressed by reviews all around on Zerodha etc., did try to save that by opening Zerodha account but somehow that account lies unused after few trial transactions. Not that Zerodha is anything wrong but somehow I got so used to that interface of ICICI direct that nothing feels better. I have taken 4999 plan. So you can try using both and see what feels good to you

As we become familiar with some user interface, it will be difficult to come out from that brokerage due to familiarity. Initially I had brokerage firm who charged nearly 10000 per year as delivery brokerage. For me, 10000 is a good amount and i shifted to zerodha as I do delivery trades only . However, ICICI 3in1 account has good advantages for instant money transfer

 

[hender]

I am a salary account holder from a fortune 500 company. I recieved an intresting call from ICICI team, stating they have now added my company which provide me a PRIME 9999 plan for free, which will cut brokarage to 0.07% and some other benefits. Is this something of value? I would love to hear your experiences with ICICI if you have any..View attachment 113303

.07 and .007% was good when other Good options in the market was in the range of .2 to .5 %. Now Not.
As pointed out by members.

As we become familiar with some user interface, it will be difficult to come out from that brokerage due to familiarity. Initially I had brokerage firm who charged nearly 10000 per year as delivery brokerage. For me, 10000 is a good amount and i shifted to zerodha as I do delivery trades only . However, ICICI 3in1 account has good advantages for instant money transfer

Zerodha Trading to bank account Instant Transfer limit is 2 lacs now.
Fund block mechanism with IDFC (coming in RBL) is a option, within zerodha but as of now with limitations (one active bank account only) and charges (brokerage .5 on delivery) it's not good as of NOW.

How to enable the IDFC 3-in-1 account with blocking facility?

How to enable the IDFC 3-in-1 account with blocking facility?

support.zerodha.com

 

[Dashanan]

it is so convenient using 3 in 1 account

You should check out Dhan with ICICI Bank integration. It will not be seemless like iDirect but will be much better than Zerodha. If you want i can share referral link of Dhan with you via DM, you may give it a try.

I am a salary account holder from a fortune 500 company. I recieved an intresting call from ICICI team, stating they have now added my company which provide me a PRIME 9999 plan for free, which will cut brokarage to 0.07% and some other benefits. Is this something of value? I would love to hear your experiences with ICICI if you have any..View attachment 113303

I have also received calls from my RM and someone from Mumbai also. What downside i see is that these bank people will call you frequently to make you do trading. I personally don't like anyone else telling me what i should do with my money.

However, ICICI 3in1 account has good advantages for instant money transfer

Dhan has also implemented it within 2 steps calling it one tap transfer which you can read here
One time setup process and then no need of upi pin or any redirections.

 

[ashwinikumar900]

Everyone can subscribe to this plan.. there is nothing great in plan itself. As for ICICI direct brokerage - though much costlier than zerodha and others, it is so convenient using 3 in 1 account. I pay almost 30- 40k in brokerage every year to ICICI. Impressed by reviews all around on Zerodha etc., did try to save that by opening Zerodha account but somehow that account lies unused after few trial transactions. Not that Zerodha is anything wrong but somehow I got so used to that interface of ICICI direct that nothing feels better. I have taken 4999 plan. So you can try using both and see what feels good to you.

Same here, although I do have Zerodha from a very long time, I mainly use it for mutual fund investment (because of direct funds) and use ICICI Direct for stock investment. 3 in 1 is really good service—hassle-free transactions—no need to add and withdraw funds like Zerodha.

Using 999 plan.

 

[Indrajeet100]

My experience with calls, push for trading -
ICICI Direct - initially RM used to call to tell research and buying opportunity etc. but once I told firmly not to call no calls. Do get occasional whatsapp messages but largely not much disturbance.
Zerodha - absolutely zero. They never call, message to push anything. Really great.
HDFC Sky- they will pester you like anything by calls message WhatsApp mails. I got so irritated. Absolutely no

 

[ashwinikumar900]

My experience with calls, push for trading -
ICICI Direct - initially RM used to call to tell research and buying opportunity etc. but once I told firmly not to call no calls. Do get occasional whatsapp messages but largely not much disturbance.
Zerodha - absolutely zero. They never call, message to push anything. Really great.
HDFC Sky- they will pester you like anything by calls message WhatsApp mails. I got so irritated. Absolutely no

Strangely, I never received any promotional calls from ICICI. It seems like I am lucky in this case. 😄

 

[ashiquetvr]

Thanks everyone for sharing your valuable comments from your experiences..

 

[KGSIPO]

Thanks everyone for sharing your valuable comments from your experiences..

If you don't want to do anything in life , put it for discussions. After some time, it will die on its own. 😁

 

[ccdc]

As we become familiar with some user interface, it will be difficult to come out from that brokerage due to familiarity. Initially I had brokerage firm who charged nearly 10000 per year as delivery brokerage. For me, 10000 is a good amount and i shifted to zerodha as I do delivery trades only . However, ICICI 3in1 account has good advantages for instant money transfer

i dont get it....whats the diff between instant money trf and upi....if we trf money via upi it comes in zerodha in 5-10 secs.....unless you're doing gambling (fno)...dont think 10 secs matter that much

 

[KGSIPO]

i dont get it....whats the diff between instant money trf and upi....if we trf money via upi it comes in zerodha in 5-10 secs.....unless you're doing gambling (fno)...dont think 10 secs matter that much

When you tranfer back money from zerodha to bank, it generally takes more than 12 hours

 

[hender]

When you tranfer back money from zerodha to bank, it generally takes more than 12 hours

If Clear Credit without any buy order,
Zerodha Trading to bank account Instant Transfer limit is 2 lacs now.

 

[Kiranonlinee]

I use icici direct especially for MTF intrest rate is 9.69% (29rs per lakh per day) when compared with zerodha (40rs per lakh per day)

Using 4999 plan

 

[hender]

I use icici direct especially for MTF intrest rate is 9.69% (29rs per lakh per day) when compared with zerodha (40rs per lakh per day)

Using 4999 plan

In MTF Banks running Brokerage have upper hand.
Zerodha has just started MTF.

 

[Kiranonlinee]

In MTF Banks running Brokerage have upper hand.
Zerodha has just started MTF.

I agree but icici offers competative rate

 

[hender]

I agree but icici offers competative rate

With all the cost structure and expenses MTF eat up 12-15% PA.

HDFC
Kotak
ICICI
Since ages they have good hold and domination in Broking Business...
(At a time with 1 lakh worth of Cash or A Quality stock, you may have position worth 5 Lakhs.)
Things got changed in brokerage once discount broker scale up.

If you don't need external funding (MTF), than 0 brokerage on delivery trading without spamming is not a bad deal 🤝.

 

[ashwinikumar900]

With all the cost structure and expenses MTF eat up 12-15% PA.

HDFC
Kotak
ICICI
Since ages they have good hold and domination in Broking Business...
(At a time with 1 lakh worth of Cash or A Quality stock, you may have position worth 5 Lakhs.)
Things got changed in brokerage once discount broker scale up.

If you don't need external funding (MTF), than 0 brokerage on delivery trading without spamming is not a bad deal 🤝.

So which of these is best in your opinion (regardless of promotional calls), apart from Zerodha?

 

[hender]

So which of these is best in your opinion (regardless of promotional calls), apart from Zerodha?

No longer Fan of MTF, so bank based brokerage is not bad, if don't mind paying some brokerage.
Individual experience and risk appetite is different.