Need Help Regarding ShareKhan and ICICI Direct Brokerage

dombax · #1 21st June 2007, 02:44 PM

Hi All,
Im new to this thread and i have seen some wonderful post that really helped newbies.. im in need of a help..

could you pelase tell me whats the brokerage of icicidirect and sharekhan for both delivery and intraday.

Please correct me if im wrong
delivery ICICI Direct for both buy and sell
Brokerage 0.75%
STT% 0.125%
Service Tax 12.24% of Brokerage

Delivery type Sharekhan for both buy and sell

Brokerage 0.5%
STT% 0.125%
Service Tax 12.24% of Brokerage

Intra Day

STT%,ST% and Brokerage is NILL for Buy in ICICI and Sharekhan

STT 0.025%
ST 12.24%
Brokerage 0.05%

I think the brokerage details of intra day is wrong.. please correct and give me the exact details about STT,ST,brokerage for intraday in both icicidirect and sharekhan..

and could you please tell me weather the STT,ST and Brokerage is applied for both buy and sell in intraday or its only applied to SELL.

Thanks a Ton

lvgandhi · #2 21st June 2007, 09:44 PM

Quote:

Originally Posted by dombax

Hi All,
Im new to this thread and i have seen some wonderful post that really helped newbies.. im in need of a help..

could you pelase tell me whats the brokerage of icicidirect and sharekhan for both delivery and intraday.

Please correct me if im wrong
delivery ICICI Direct for both buy and sell
Brokerage 0.75%
STT% 0.125%
Service Tax 12.24% of Brokerage

Delivery type Sharekhan for both buy and sell

Brokerage 0.5%
STT% 0.125%
Service Tax 12.24% of Brokerage

Intra Day

STT%,ST% and Brokerage is NILL for Buy in ICICI and Sharekhan

STT 0.025%
ST 12.24%
Brokerage 0.05%

I think the brokerage details of intra day is wrong.. please correct and give me the exact details about STT,ST,brokerage for intraday in both icicidirect and sharekhan..

and could you please tell me weather the STT,ST and Brokerage is applied for both buy and sell in intraday or its only applied to SELL.

Thanks a Ton

Now service tax is 12.36% as educational cess on service tax is 3%.
STT, ST are as per Govt orders. Brokers has nothing to do. If brokerage is charged, then Service tax will be there.
STT is .125 % delivery based buy and sell transactions and is .025% for intraday sell only.

dombax · #3 21st June 2007, 10:15 PM

Thanks a Ton Pal..

gnsubbu · #4 17th July 2007, 08:27 PM

Dear All,
I just entered to this site,I am NRI interested to invest money in indian shares.Need your help to assitance in opening a demat a/c & how to do online trading?Is PAN card is must?what are formalities for NRI's.Thank you

caramel26 · #5 20th July 2007, 01:30 PM

traderji namaskar.....

i been trading with icicidirect for some time....but it's high time i should change as "time is money" and with icicidirect i will loose both time and money....
had pretty bad experience in last two weeks.. by the time i place an oder and by the time it gets excuted the whole world changes

I need u r help in choosing a new broker..
need some inputs regarding indiabulls(PIB)..what will be the time duration for money transfer..both ways..

If u got any further suggestion regarding other brokers pls let me know...also with their brokages

can i bargain brokerage with Indiabulls and what's the min.(brokerage) that they chrge...

pls help as fast as u can...

thanks
sridhar

amandeep08 · #6 22nd July 2007, 10:31 AM

Dear Sridhar,

I also have the same problem. I have account in ICICI but now have changed it to reliance because of brokerage only.

Regards,
Amandeep SIngh.

caramel26 · #7 22nd July 2007, 09:53 PM

hi Amandeep
can u provide me with some more details as how they whould charge(brokerage)...
how long does it take for money transfer...

thanks
sridhar

rubin_stocks · #8 23rd July 2007, 02:50 AM

Hi i am a arbitraguer working with religare and i pay 10 paise delievery and 1 paise fno sure my volumes are very high and for arbitraguers brokerage is also charged less but i think for traders and investors 20 paise delievery and 2paise is the norm and can be reduced to 15 paise and 1.5 paise if volumes are high

prmaitra · #9 29th July 2007, 10:06 AM

domax why u are interested in icici and sharekhan, i am a subbroker,i am giving u an offer deleivery brokarage .40% , intraday and f&O .05% ,u can trade online

contact me prmaitra@gmail.com or 09433057286

prmaitra

vishnuindian · #10 6th August 2007, 10:05 AM

Quote:

Originally Posted by amandeep08

Dear Sridhar,

I also have the same problem. I have account in ICICI but now have changed it to reliance because of brokerage only.

Regards,
Amandeep SIngh.

whilw quitting from icici demat did u paid any penality??
Like how u cancelled d account..
annual maintanence caharge is 500 rupees na.. how u avoided tat//
Can u help pls

View Poll Results: Which one would you prefer for online Trading?
ICICIDIRECT	8	53.33%
SHAERKHAN	7	46.67%
Voters: 15. You may not vote on this poll

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