ICICI Securities to deposit up to Rs 50k share sale amount in 30 minutes

To help retail investors tide over their liquidity requirements, brokerage ICICI Securities on Monday said money for share sales of up to Rs50,000 per day would be deposited within 30 minutes. At present, it takes two days or more after the sell transaction for investors to receive the money into their accounts.

The facility will be available on 600 select stocks on the BSE representing 99 per cent of market capitalisation. It is offering it on BSE initially because the systems at Asia’s oldest bourse were best suited to start such a facility. MD and chief executive Shilpa Kumar