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What is Flexi Cash in ICICI Direct?

ICICI Direct offer Delivery Margin Funding facility which is named as Flexi Cash. In Flexi Cash, you can buy scripts in BSE with a minimum margin of 27% and hold the scripts for 180 days. You can bring the reaming amount in 180 days or sell your script (square off) in this period.

As Flexi Cash is a Margin funding facility, you need to pay interest of .05% per day or approx 18% PA on borrowed money. With Flexi Cash, you can use any trading opportunity which is missing due to lack of fund in your account.

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