Hey buddy even i got that deal! For me its .30 for delivery and .05 for intraday. Even i had asked the same question anyway now i find that its good only then.....
BTW i am from Kolkata, have applied for the a/c i am yet to receive any communication.
I feel .30 for delivery is good but for intraday (.05) seems to be high .Recently my frnds have got less than this with sharekhan (Not much of volume also ).Try and ask INDIABULLS if they can decrease intraday brokerage..