Cash buy and cash sell in ICICIDIRECT part 2 – BEST WAY TO BUYSELL STOCKSSHARES IN ICICIDIRECT.
Cash buy and cash sell in ICICIDIRECT part 2 – BEST WAY TO BUYSELL STOCKSSHARES IN ICICIDIRECT.
ICICIdirect offers a seamless platform for buying and selling stocks, catering to both new and experienced investors. Here’s a guide to effectively using the Cash Buy and Cash Sell options, ensuring a smooth trading experience.
1. Cash Buy: Purchasing Stocks
The Cash Buy option allows you to purchase stocks with the intention of taking delivery into your Demat account. Here’s how to proceed:
-
Log in to Your ICICIdirect Account: Access your account using your credentials.
-
Navigate to ‘Equity’: On the dashboard, select the ‘Equity’ section to view stock options.
-
Select ‘Place Order’: Choose ‘Place Order’ and then ‘Cash Buy’ to initiate a purchase.
-
Enter Stock Details:
- Stock Symbol: Input the ticker symbol of the desired stock.
- Quantity: Specify the number of shares you wish to buy.
- Order Type: Decide between a ‘Market Order’ (buy at current market price) or a ‘Limit Order’ (set a specific price).
-
Review and Confirm: Double-check the details and confirm your order. Ensure sufficient funds are available in your linked bank account.
2. Cash Sell: Selling Stocks
The Cash Sell feature enables you to sell stocks held in your Demat account. Follow these steps:
-
Access ‘Portfolio’: Log in and go to the ‘Portfolio’ section to view your holdings.
-
Select the Stock to Sell: Click on the stock you intend to sell.
-
Initiate ‘Cash Sell’:
- Quantity: Enter the number of shares you wish to sell.
- Order Type: Choose between ‘Market Order’ or ‘Limit Order’.
-
Review and Confirm: Verify the details and confirm the sale.
3. Settlement and Funds Transfer
ICICIdirect’s 3-in-1 account integrates your trading, Demat, and bank accounts, streamlining the settlement process:
-
For Purchases: Funds are debited from your bank account, and shares are credited to your Demat account upon settlement.
-
For Sales: Shares are debited from your Demat account, and funds are credited to your bank account post-settlement.
4. eATM (Equity ATM) Service
To expedite fund availability after selling stocks, ICICIdirect offers the eATM service:
-
Instant Funds: Receive up to ₹50 lakh within 5 minutes of selling eligible stocks.
-
Withheld Amount: A small percentage (typically 1%) is withheld and credited on the normal payout day after deducting charges.
5. Additional Tips
-
Market Timings: The stock market operates from 9:15 AM to 3:30 PM, Monday to Friday. Orders can be placed during these hours.
-
Order Types:
- Market Order: Executes immediately at the current market price.
- Limit Order: Executes only when the stock reaches your specified price.
-
Monitor Your Portfolio: Regularly review your holdings and stay updated with market news to make informed decisions.
For a visual walkthrough of buying and selling stocks on ICICIdirect, you might find this tutorial helpful:
To execute Cash Buy and Cash Sell transactions on ICICIdirect, follow these steps to efficiently manage your stock trades:
Cash Buy: Purchasing Stocks
-
Log In: Access your ICICIdirect account via the website or mobile app.
-
Navigate to ‘Stocks’: Click on the ‘Stocks’ section.
-
Select ‘Cash Buy’: Choose the ‘Cash Buy’ option.
-
Enter Stock Details:
-
Stock Name: Input the name or symbol of the stock you wish to purchase.
-
Quantity: Specify the number of shares.
-
Price: Set your desired purchase price.
-
Exchange: Select NSE or BSE.
-
-
Review and Confirm: Ensure all details are correct and confirm the order.
Note: Ensure sufficient funds are available in your linked bank account to complete the purchase.
Cash Sell: Selling Stocks
-
Access ‘Stocks’ Section: After logging in, navigate to the ‘Stocks’ area.
-
Choose ‘Cash Sell’: Select the ‘Cash Sell’ option.
-
Select Holdings:
-
Stock Name: Choose the stock you intend to sell from your holdings.
-
Quantity: Specify the number of shares to sell.
-
Price: Set your desired selling price.
-
Exchange: Select NSE or BSE.
-
-
Review and Confirm: Verify all details and confirm the sale.
Note: Proceeds from the sale will be credited to your linked bank account upon settlement.
Visual Guide
For a step-by-step visual demonstration, refer to the following tutorial:
If you need further assistance or have specific questions about trading on ICICIdirect, feel free to ask!
