ICICI Securities has extended its eATM facility, which instantly credits the proceeds from share sales into a retail investor's bank account, for trades on the National Stock Exchange (NSE).
Under the eATM facility, a client can sell stocks, and the sale proceeds get reflected to his account within 30 minutes, as against the usual waiting period of T+2 days under the current settlement system. eATM facility comes at no extra cost and has a daily limit of Rs 50,000 per client, helping clients meet any emergency fund requirement.
ICICI Securities is an integrated securities firm offering a wide range of services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution.
