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.
Why I am charged Interest or Delayed payment charges?
Delayed Payment Charges are levied on outstanding debit balance in your ledger. The debit gets created in your ledger when you do not pay within 2 working days of your purchase transaction or when charges debited in your ledger are not paid ...
If Margin funding is activated will I have to pay delayed payment charge?
Yes, Interest/delayed payment charges (DPC) are levied on outstanding debit balance in your ledger which is created when you do not make payment within 2 working days of your purchase transaction. Further, margin facility allows you to carry this ...
Are there any additional fees & charges applicable for personal loan?
Apart from the EMI amount the following fees will be charged to you Processing fee upto 1.5% Late payment charges in case of default In case your monthly EMI gets bounced, you will have to bear a bounce charge of Rs. 590/- and also penalty charges ...
Does 5paisa have any additional charges for buying gold?
The Price of gold displayed at any given time is inclusive of the cost of gold, any operational expenses and 5paisas commissions. Apart from this the only charges applicable are - Convenience fee at the time of making payments using the provided ...
What are turnover charges?
Turnover charges are amount blocked during payout which accounts for 2% of total valuation based on client's position .