1. What is ‘Cash on Spot’ transaction?
‘Cash on Spot’ (also know as, Spot) is a facility offered by ICICIdirect.com wherein the customer would receive the funds on his ’sell’ transaction on the transaction date itself, unlike a Cash transaction where the customer has to wait until the payout day to receive the funds. ‘Cash on Spot’ helps in increasing your liquidity when needed.
2. How many scrips are available in ‘Cash on Spot’?
Currently all S&P CNX NIFTY and CNX NIFTY JUNIOR scrips are available in ‘Cash on Spot’. Your DP participant can add or delete scrips to this existing list of scrips for which ‘Cash on Spot’ would be permitted.
3. What is the brokerage applicable on Spot transactions?
The average brokerage rates applicable would be as follows:
| No. of days for payout | Rate |
| 1 - 7 days | 1.25% |
| 8 - 14 days | 1.75% |
| 15 – 18 days | 2.00% |
| 19 days & above | 2.25% |
Please note that the brokerage rates vary from one DP participant to another. The brokerage rates would also be displayed at the time of placing the order in the order verification screen.
4. Is there any maximum limit for the amount of ‘Cash on Spot’ trades I can enter into on a daily basis?
The maximum limit of ‘Cash on Spot’ trades that you can enter into on a daily basis would be restricted to Rs. 10,00,000 per customer. Your DP participant, however, can change this limit at its discretion.
