Uploaded on Jun 3, 2022
Share market investment is a good option to get the best return on financial investment, for trading, you should know the best trading account in India, Know the charges that are applicable for opening and maintenance to get an idea about selecting a better platform for future trading option, Here you get to know Different types of Demat account charges.
Demat Account Charges
DEMAT ACCOUNT CHARGES
1. Account Opening Charges
For opening Demat and Trading account brokerage firm place some charges fees
known as Account Opening Charges.
• This is one time fee
• Some bank are also takes closing charges.
2. Brokerage Charges
In share market transactions for buying and selling shares, brokerage firms place few
charge amount/fees know as Brokerage Charges.
There are four category of share trading
1. Intraday
2. Delivery
3. Futures
4. Options
for all of these brokerage firm charged various fees, for different brokerage firms their
are different brokerage charges, brokerage charges are for both sides buying and
selling shares
BROKERAGE CHARGES WITH EXAMPLE
Now let's understand brokerage charges with an
example
If you buy and sell shares in one day its called intraday
trading,
ABC Company charged an intraday brokerage of 0.02% and
you buy 1,00,000 RP shares, then you pay brokerage charge
is 20rpor in intraday, you get value return 1,01,000 rp price.
On selling shares its charged 0.02%, then its brokerage
charge is 20.2 rp. so your total brokerage charge is
40.2rpand on total amount brokerage firm charge 18% GST.
Then your total brokerage charge = 40.2*18/100=47.2, so
after adding GST your total brokerage charge is 47.4rp
3.FUND TRANSFER CHARGE
In trading accounts, there are different ways of fund
transfer Payment gateway
• Payment gateway
• NEFT/RTGS/IMPS
• Cheque
If you transfer funds in your trading account from a
payment gateway method then the brokerage firm
charged a fee known as the fund transfer charge.
Otherwise transferring funds from NEFT/RTGS/IMPS,
Cheque then brokerage firm does not take any
charges.
4. ANNUAL MAINTENANCE CHARGE(AMC)
For maintaining your trading account brokerage firm
charges a few amounts, based on annually known
as the Annual maintenance charge, which differs
from Rs. 150/annum to Rs. 900/annum.
If In some situations, traders and investors have
minimum capital investment for these there is BSDA
( BAsic service Demat account), these ways they
can save their Annual maintenance service charge.
5. DP CHARGES
DP charges are for only delivery for the sell side,
different brokerage firm have their different DP
charges, normally DP charges are between Rs.12 to
Rs. 30
6. CALL AND TRADE CHARGES
After opening a Demat account you can buy and sell
shares in three different ways
1. Demat account opening the app
2. Demat account website or desktop software
3. Call direct brokerage firm and relationship
manager also known as call and trade
Some brokerage firms charged differently for call
and trade services like Rs. 20/trades or 15/trades
Few brokerage firms provides call and trade
services free for investors.
For Buying and selling shares, there are different
charges also place
1. Brokerage charges
2. Transaction charges
3. SEBI turnover charges
4. Stamp Duty charges etc
Comments