03:59 Apr 24, 2014  

FAQs

BROKERAGE STRUCTURE

 

  • EQUITY:

 
Minimum Brokerage per order
(subject to ceiling of 2.5% of total traded value)

Resident
NRI
Applicable for both Buy & Sell orders
Rs.25/-
Rs.25/-


Delivery Based Trades:

Brokerage Resident Indians - 0.50% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)

For NRI's - Brokerage 0.75% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell)
Brokerage  scrips less than Rs.10 per share Minimum brokerage of Rs. 0.05/- per unit will be charged. Brokerage will be charged within the limits prescribed by SEBI / Exchanges. (Both Buy & Sell)
Service Tax 10.30%on Brokerage (Till 31st March 2012)
12.36% on Brokerage (Effective from 1st April 2012)
Securities Transaction Tax (STT) 0.1% of transaction value (Both Buy & Sell) (Effective from 1st July 2012)
STT on sale of an unit of an Equity Oriented Fund is 0.001% (Effective from 1st June 2013)
Stamp Duty 0.01% on turnover
SEBI Turnover Tax 0.0001% on turnover



Square-Off Trades Cash & Carry Scrips:

Brokerage 0.10% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)
Brokerage  scrips less than Rs.10 per share Minimum brokerage of Rs. 0.05/- per unit will be charged. Brokerage will be charged within the limits prescribed by SEBI / Exchanges. (Both Buy & Sell)
Service Tax 10.30%on Brokerage (Till 31st March 2012)
12.36% on Brokerage (Effective from 1st April 2012)
Securities Transaction Tax (STT) 0.025% of transaction value (On Sell transaction)
Stamp Duty 0.002% on turnover
SEBI Turnover Tax 0.0001% on turnover



Square-Off Trades  Margin Scrips:

Brokerage 0.05% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)
Brokerage  scrips less than Rs.10 per share Minimum brokerage of Rs. 0.05/- per unit will be charged. Brokerage will be charged within the limits prescribed by SEBI / Exchanges. (Both Buy & Sell)
Service Tax 10.30%on Brokerage (Till 31st March 2012)
12.36% on Brokerage (Effective from 1st April 2012)
Securities Transaction Tax (STT) 0.025% of transaction value (On Sell transaction)
Stamp Duty 0.002% on turnover
SEBI Turnover Tax 0.0001% on turnover

 

***"Other taxes and levies (Transaction Charges & service tax )as prescribed by Govt and regulatory authorities would be applicable. 

Please Note:


If a client buys a stock on one stock exchange (for example BSE) and sells on another stock exchange  (for example NSE), it does not qualify as an intra day trade. The purchase and sale of stocks has  to be done on the same stock exchange on the same trading day.

The pending  order has to be closed in the same exchange it was opened in. Else it will be considered as a CNC order.


  • DERIVATIVES:


FUTURES MARKET:

Non-Square Off (Carry Forward) Trades:

Brokerage Resident Indians - 0.05% or min Rs.25/- or ceiling of 2.5% of transaction value (Both Buy & Sell)

For NRI's - 0.05% or min Rs.25/- or ceiling of 2.5% of transaction value (Both Buy & Sell)
Service Tax 10.30%on Brokerage (Till 31st March 2012)
12.36% on Brokerage (Effective from 1st April 2012)
Securities Transaction Tax (STT) 0.01% of transaction value (On Sell transaction) (Effective from 1st June 2013)
Stamp Duty 0.002% on turnover
SEBI Turnover Tax 0.0001% on turnover
Currency Brokerage Account opening fees of Rs. 250/-
Brokerage of Rs. 23/- per Contract on carry forward trades and Rs. 12/- each side on square up of trades (statutory and other charges to be levied separately).



Square-Off Trades:

Brokerage Resident Indians - 0.025% or min Rs.25/- or ceiling of 2.5% of transaction value (Both Buy & Sell)

For NRI's - 0.025% or min Rs.25/- or ceiling of 2.5% of transaction value (Both Buy & Sell)
Service Tax 10.30%on Brokerage (Till 31st March 2012)
12.36% on Brokerage (Effective from 1st April 2012)
Securities Transaction Tax (STT) 0.01% of transaction value (On Sell transaction) (Effective from 1st June 2013)
Stamp Duty 0.002% on turnover
SEBI Turnover Tax 0.0001% on turnover



OPTION MARKET :

Brokerage Resident Indians - Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell)

For NRI's - Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell)
Service Tax 10.30%on Brokerage (Till 31st March 2012)
12.36% on Brokerage (Effective from 1st April 2012)
Securities Transaction Tax (STT) Sell : 0.017% on Premium on exercise : 0.125% on Settlement Price
Stamp Duty 0.002% on turnover
SEBI Turnover Tax 0.0001% on turnover

SEBI Circular on penal charges in derivatives segment for margin shortfall



  • Currency Derivatives:

 

Currency Brokerage Account opening fees of Rs. 250/-
Brokerage of Rs. 23/- per Contract on carry forward trades and Rs. 12/- each side on square up of trades (statutory and other charges to be levied separately).
Service Tax 10.30%on Brokerage (Till 31st March 2012)
12.36% on Brokerage (Effective from 1st April 2012)
Stamp Duty 0.002% on turnover
SEBI Turnover Tax 0.0001% on turnover

 


***"Other taxes and levies (Transaction Charges & service tax ) as prescribed by Govt and regulatory authorities would be applicable.


**** Subject to change as per Government Policies.
 
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