Charges Explained
- Annual Maintenance Charges (AMC): These are the yearly charges collected from investors for rendering services like maintaining trading and Demat accounts, providing digital trading/ investing platforms, etc. It is applicable irrespective of whether you trade or invest in equity, derivatives, currency, or commodity seament.
- Brokerage: Brokerage is the amount charged for facilitating the trade. For each intraday and delivery-based equity trade, the brokerage is charged based on the percentage of the transaction value. For the F&O trades, it is charged based on the number of lots traded.
- Call & Trade Charges: Trades placed via a phone call attract these charges. Also, when the intraday orders get auto squared-off, it attracts call & trade charges. For intraday and delivery-based equity trades it is charged as a percentage of the transaction value. In the case of F&O trades, a fixed amount based on the number of lots traded is charged.
- Delayed Payment/Interest Charges (MTF): A delay in payment of interest charges under MT or any other sum payable shall attract this charge. It is a fixed percentage of the amount outstanding.
- Online Fund Transfer Fee: It is a nominal charge on every online fund transfer request. This flat fee is levied on every successful transaction.
- Margin Requirement for F&O / Currency / Commodity Trades: The SEBI requires traders to mandatorily maintain a minimum margin for liquidity. It is the minimum amount of capital required to enter the trade. This margin must be maintained at all times while you’re in the trade.
- Physical Document Request Fee: Most of the documents are digitised and are sent to your registered email ID. However, if you need a physical copy of any document, you can request the same by paying these charges. It involves a flat fee per document and the applicable courier charges.
- Margin Pledge/Unpledge Charges: Shares purchased under the margin trade funding facility are mandatorily required to be pledged before the end of the day as per SEBI guidelines. Such a pledge and un-pledge request attract a nominal fee per script.
- Inter-settlement / Pay-in / Pay-out Charges: For the pay-in and pay-out of stocks at the DP level, these charges are levied as a fixed amount for each script.
- Demat Charges: This is a flat fee charged for the dematerialisation of shares from physical certificate to electronic format.
- Remat Charges: For the rematerialisation of shares back to the certificate from an electronic format, remat charges are levied for each certificate along with the applicable courier charges.
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