What are the Delayed Payment Charges?
We charge 0.06% interest per day (21.90% p.a.) on debit balance. The charges are calculated on daily basis but posted in ledger on weekly basis.
Delayed Payment Charges (DPC)
0.06% per day
Understanding this in detail:
- Ledger balance of all segments including Mutual Funds is considered for calculating Net Ledger Balance.
- If you buy shares on Monday and make payment by T+2 day i.e. by Wednesday then, DPC is not applicable. However, when payment is delayed beyond T+2 then, DPC will be levied @ 0.06% per day until the payment is realised.
- If you buy on Monday, do not make payment by T+2 i.e. by Wednesday and instead choose to sell securities on say, Wednesday; DPC will be levied for 2 day i.e. for Wednesday and Thursday because, the settlement day for sell trade will be T+2 i.e. on Friday.
Are there any additional fees & charges applicable for personal loan?
Processing fee is 2% to 4% + GST (additional convenience fee of ₹ 500 is also applicable) Late payment charges in case of default (2% compounded monthly)
What are turnover charges?
Turnover charges are amount blocked during payout which accounts for 2% of total valuation based on client's position .
List of Charges
Types of charges Fees Demat Maintenance Charges ₹0 if your holding value is less than ₹50,000 up to 1 Demat account. ₹8 if your holding value is ₹50,000 to ₹2,00,000 up to 1 Demat account. ₹25 if your holding value is above ₹2,00,000 up to 1 Demat ...
Charges for MF pledge & Unpledge
The above charges are exclusive of GST and shall be debited from your ledger account as and when you pledge or unpledge shares in your account.
What are your brokerage charges and are there any other charges apart from brokerage?
We do not charge any brokerage. For any segment, we charge a flat fee of Rs. 20 per executed order (Applicable from 01st January 2020). Apart from the flat fee, statutory charges are levied. Following are the Statutory Charges: General Charges: ...