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.

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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: