charges in iccidirect Vs Reliance MONEY...Can any one help reg this plz..

vishnuindian · #1 4th August 2007, 07:19 PM

Can any one help regarding an ICICI direct CAHarges,,brokerage.etc..

For Eg if we buy and sell a 1000 rupees share (delivery) what will be amount of brokerage including all taxes...?

AND for the SAme IN Reliance Money what will be the Charges?

Please Help me reg this issue..
THanks a Lot in Advance...!!

carrom · #2 4th August 2007, 11:12 PM

For Reliance money you pay a flat rate for a turnover slab. For icici you pay 1 percent for delivery and .5 percent otherwise. Yes Reliance money is far cheaper for the trader with volume. For Rs 6 crore turnover you pay only Rs 2500. At icici you will pay minimum of Rs 30000/- @.05 percent for derivatives and much higher for cash and margin trades. Icici the cost are high and risks of server failure is high !!! Of late there is no client/ customer service or is there any ethics at all? They will fleece you and move on. Reliance money is relatively new. Cost advantage and Insta trade streamer for high volume players makes it worth a short. best of luck guys.

carrom · #3 4th August 2007, 11:18 PM

Icici charges for Delivery based on turnover. Reliance money has various slabs. Rs 2500 for a total turnover of Rs. 6 crores.

Icici Brokerage on trades done in CASH Segment:

Total Eligible Turnover (Volume of Transaction) per quarter
Brokerage
Second Leg of Trades*
Effective Brokerage per leg for squared off trades

Trades above Rs.5,00,00,000/- (Above Rs. 5 Crore)
0.25%
Nil
0.125%

Trades between Rs.2,00,00,001/- and 5,00,00,000/- (Rs. 2 Crore to 5 Crores)
0.30%
Nil
0.15%

Trades between Rs.1,00,00,001/- to Rs. 2,00,00,000/- (Rs. 1 Crore to Rs 2 Crore)
0.35%
Nil
0.175%

Rs. 50,00,001/- to Rs.1,00,00,000/- (Rs. 50 lacs to Rs. 1 Crore)
0.45%
Nil
0.225%

Rs. 25,00,001/- to Rs.50,00,000/- ( Rs. 25 lacs to Rs. 50 lacs)
0.55%
Nil
0.275%

Rs. 10,00,001/- to Rs.25,00,000/- ( Rs. 10 lacs to less than Rs. 25 lacs)
0.70%
Nil
0.35%

Less than Rs. 10,00,000/- (Rs. 10 lacs)
0.75%
Nil
0.375%

For NSE Trades Brokerage is calculated on a per share basis and is rounded off to the fourth decimal.

vishnuindian · #4 4th August 2007, 11:29 PM

thank u caromm
thanks a lot

vishnuindian · #5 6th August 2007, 10:53 PM

if we buy and sell sshares for 1000 rupees (delivery)
what will be the brokerage in reliance and icci?

can any one help please

neo · #6 7th August 2007, 04:27 AM

Hi Visnu,
I am using Reliance money and kotaksecurities.
In Reliancemoney, I have selected 2500 Rs/year brokerage package, where I can do 1 crore of turnover in delivery and 5 crore in F&O, intraday.

If I do 1000 Rs Trade on Reliace money, then the charges are as below
brokerage - 0.01
service tax - 0
card charges - .40
turnover charges + stamp duties ~ 1rs
total 1.41 Rs

In ICICI, you can expect the brokerage to be 7.5 Rs, Service tax to be 1Rs so around 9.5 Rs.

vishnuindian · #7 7th August 2007, 08:17 AM

Quote:

Originally Posted by neo

Hi Visnu,
I am using Reliance money and kotaksecurities.
In Reliancemoney, I have selected 2500 Rs/year brokerage package, where I can do 1 crore of turnover in delivery and 5 crore in F&O, intraday.

If I do 1000 Rs Trade on Reliace money, then the charges are as below
brokerage - 0.01
service tax - 0
card charges - .40
turnover charges + stamp duties ~ 1rs
total 1.41 Rs

In ICICI, you can expect the brokerage to be 7.5 Rs, Service tax to be 1Rs so around 9.5 Rs.

Thanks for the information sir
and i have applied for Reliance money
how many days it will take for activation sir

and do online fundtransfer is possible with reliance na.. (uti accnt)
how is the service..?

In icici is there any minimum brokerage charge ? Like 25 or..? In reliance any thing like that,,,

Thanks in Advance
Awaiting for ur relpy sir,,

nsaivamsi · #8 7th August 2007, 08:36 AM

If you have applied with Reliance money marketing executives.. do follow up with them. Because this guys with drag for submitting the application form to main office. After ur application is submitted in main office it will take hardly 4-6 days in receiving the opening kit (if all the documentation is done correctly)

If you have applied with Reliance money associate ( Franchaise). This guys will submit the application in one - two days and you will be receiving the kit with in a week.

Regarding bank charges .. bank transfer charges are free with reliance.

vishnuindian · #9 7th August 2007, 07:08 PM

Quote:

Originally Posted by nsaivamsi

If you have applied with Reliance money marketing executives.. do follow up with them. Because this guys with drag for submitting the application form to main office. After ur application is submitted in main office it will take hardly 4-6 days in receiving the opening kit (if all the documentation is done correctly)

If you have applied with Reliance money associate ( Franchaise). This guys will submit the application in one - two days and you will be receiving the kit with in a week.

Regarding bank charges .. bank transfer charges are free with reliance.

thank you sir

vishnuindian · #10 7th August 2007, 07:09 PM

any know some more details..

kindly u can share here

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