Current Affairs - Banking - Discussion

ICICI Securities (ISec), a brokerage firm, launched the 'eATM' instant fund credit feature to enable real-time payments in bank accounts upon selling stocks in Bombay Stock Exchange (BSE). This feature is available to retail investors who can get payment against sell of stocks in BSE instantly compared to earlier waiting time of T+2 days. The payment is made directly to the bank accounts to within 30 minutes and the limit is Rs. 50,000 per client per day. This is being offered to all ICICIdirect customers at no additional cost and will be available to stocks sold on the BSE. It is open to all trades in cash segment on nearly 600 stocks traded in BSE.