[Resolved]  ICICI Direct.com — heavy brokerage charges on intraday

Hi, I m Shafique Ahmed having saving/demat/trading account in icici bank. This multinational banks are working as a termite for Indians. The complain is this bank give us the facilities of Rs. 25000/ on a limit of Rs 1000/ to do intraday trading. But here the brokage what they charge to us is very heavy on both side. Below is the proof what had been charge to me ,I had purchase it on Rs 2252.05 the brokage charge to me is Rs 68.29 & when I had sold the shares in 2255.00 the brokage charge to me is Rs. 96.57. See the Difference hardly less then 3/ rs. diffrence the brokage difference is Rs 28.28
That means if i m doing Ten transactions and in all transaction if i m gaining profit of Rs 3 X 50 = 150x10=Rs1500 then my profit is less then the brokage what I had to Pay to ICICI that means I m paying brokage of RS.164.86x10= Rs.1648.6. In just five intradays trading session i had paid more then Rs. 6000/ as a brokage.PLs have a check as these catagory of multinational bank just come here in India to Loots Indians .As other broking firm charge oneside on intraday so y these icici had the right to charge on bothside on intraday trading. Pls. think from our point that we the customer have to suffer profit or loss plus brokage while doing trading but broking firm gets their brokrage.
23-Oct-2009 INFTEC Buy 50 2,252.05 112,602.50 68.29
23-Oct-2009 INFTEC Sell 50 2,255.00 112,750.00 96.57
Y there is no constantably with all broking firm as other broking firm charge one side brokage on intraday and also had the option of negotiation so y icici charges r so heavy as other also have to pay the goverment charges and taxes which r not only applicable for icici but also applicable for others broking firm. Even icici customer care exe. r very rude and disconnect the calls inbetween with no reasons.
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Aug 13, 2020
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