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) |
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) |
GST |
18.00% on Brokerage |
Securities Transaction Tax (STT) |
0.1% of transaction value (Both Buy & Sell) STT on sale of an unit of an Equity Oriented Fund is 0.001% |
Stamp Duty | 0.015% on turnover ( on buy transaction ) |
SEBI Turnover Tax | 0.0001% on turnover Plus GST 18% |
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) |
GST |
18.00% on Brokerage |
Securities Transaction Tax (STT) | 0.025% of transaction value (On Sell transaction) |
Stamp Duty | 0.003% on turnover (Only Buy Transaction) |
SEBI Turnover Tax |
0.0001% on turnover Plus GST 18% |
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) |
GST |
18.00% on Brokerage |
Securities Transaction Tax (STT) | 0.025% of transaction value (Both Buy & Sell) |
Stamp Duty | 0.003% on turnover (Only Buy Transaction) |
SEBI Turnover Tax |
0.0001% on turnover ( Plus GST 18%) |
***"Other taxes & levies (Transaction Charges & service tax )as prescribed by Govt & regulatory authorities would be applicable. Exchange transaction charges is levied as per slab given by exchange.
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) |
GST |
18.00% on Brokerage |
Securities Transaction Tax (STT) | 0.01% of transaction value (On Sell transaction) |
Stamp Duty | 0.002% on turnover |
SEBI Turnover Tax | 0.0001% on turnover Plus GST 18% |
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) |
GST |
18.00% on Brokerage |
Securities Transaction Tax (STT) | 0.01% of transaction value (On Sell transaction) |
Stamp Duty | 0.002% on turnover (Only Buy Transaction) |
SEBI Turnover Tax | 0.0001% on turnover Plus GST 18% |
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) |
GST |
18.00% on Brokerage |
Securities Transaction Tax (STT) | Sell : 0.05% on Premium, On Exercise : 0.125% on Intrinsic Value- difference between closing price & settlement price |
Stamp Duty | 0.003% on turnover (Only Buy Transaction) |
SEBI Turnover Tax | 0.0001% on turnover Plus GST 18% |
SEBI Circular on penal charges in derivatives segment for margin shortfall
Please note :- In case of physical settlement of derivatives contract, equity segment brokerage will be applicable.
CURRENCY DERIVATIVES:
Currency Futures | Brokerage of Rs. 23/- per Contract on carry forward trades & Rs. 12/- each side on square up of trades (statutory & other charges to be levied separately). |
Currency Options | Brokerage of Rs. 20/- per Contract on carry forward trades & Rs. 10/- each side on square up of trades (statutory & other charges to be levied separately). |
GST |
18.00% on Brokerage (Effective 1st July 2017 ) (Old rates 15.00% Service Tax on Brokerage effective 1st June 2016 - 30th June 2017) |
Stamp Duty | 0.002% on turnover |
SEBI Turnover Tax | 0.00015% (exclusive of service tax) on turnover (Effective from 1st June 2014) Plus GST 18% (Old rate of 0.0001% on turnover effected upto 31st May 2014) |
*****Securities Transaction Tax (STT) of 0.001% will be levied for redemption of Mutual Funds.
***"Other taxes & levies (Transaction Charges & service tax ) as prescribed by Govt & regulatory authorities would be applicable. **** Subject to change as per Government Policies.
COMMODITY DERIVATIVES:
FUTURES MARKET:
Non-Square Off (Carry Forward) Trades:
Brokerage | 0.025% or min Rs.20/- per order. |
GST | 18.00% on Brokerage (Effective 1st July 2017)(Old rates 15.00% Service Tax on Brokerage effective 1st June 2016 - 30th June 2017 |
Commodities Transaction Tax (CTT) | 0.01% of transaction value (On Sell transaction) (Effective from 1st July 2013) |
Stamp Duty | 0.002 % (Rs. 2.00 per lac of futures turnover) payable by buyer |
SEBI Turnover Tax |
0.00010% on turnover (Rs.10 per crore)for dealing in Commodity derivatives 0.00001% on turnover (Rs.1 per crore)for dealing in Agricultural Commodity derivatives (Effective from 1st April 2019) Plus GST 18% |
Square-Off Trades:
Brokerage | 0.020% or min Rs.20/- per order. |
GST | 18.00% on Brokerage (Effective 1st July 2017)(Old rates 15.00% Service Tax on Brokerage effective 1st June 2016 - 30th June 2017 |
Commodities Transaction Tax (CTT) | 0.01% of transaction value (On Sell transaction) (Effective from 1st July 2013) |
Stamp Duty | 0.002 % (Rs. 2.00 per lac of futures turnover) payable by buyer |
SEBI Turnover Tax | 0.00010% on turnover (Rs.10 per crore)for dealing in Commodity derivatives
0.00001% on turnover (Rs.1 per crore)for dealing in Agricultural Commodity derivatives (Effective from 1st April 2019) Plus GST 18% |
OPTION MARKET:
Brokerage | Rs.100/- per lot. |
GST | 18.00% on Brokerage (Effective 1st July 2017)(Old rates 15.00% Service Tax on Brokerage effective 1st June 2016 - 30th June 2017 |
Commodities Transaction Tax (CTT) | Seller: 0.05% on Option Premium. |
Purchaser: 0.0001% on Settlement Price on exercise. | |
(Effective from 1st April 2018) | |
Stamp Duty | 0.003 % (Rs. 3.00 per lac of premium turnover) payable by buyer |
SEBI Turnover Tax | 0.00010% on turnover (Rs.10 per crore) for dealing in Commodity derivatives 0.00001% on turnover (Rs.1 per crore) for dealing in Agricultural Commodity derivatives (Effective from 1st April 2019) Plus GST 18% |