ICICI Securities extends eATM facility for trades on NSE

ICICI Securities Thursday said it 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). "eATM facility, originally applicable for trades on the BSE only, has now been extended to NSE as well," ICICI Securities said in a release.

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, the firm said. 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, it added.