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How ICICIDirect calculates brokerage?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

ICICIDirect follows a % based brokerage model wherein a percentage of the total trading value is charged. The percentage varies from plan to plan.

By default, ICICI Direct customers have the MoneySaver plan. In this plan, they charge 0.29% brokerage for equity delivery trades and 0.029% for intraday.

ICICI Direct Brokerage Calculation

If you buy 1000 shares of Rs 100 each share, you pay Rs 290 brokerage + taxes.
If you sell 1000 shares of Rs 100 each share, you again pay Rs 290 brokerage + taxes.

Note:

ICICI Direct does not have any minimum brokergae policy
Brokerage on penny stocks is charged at 0.29%