geojit and exchange charges

riser3

Active Member
#1
the below is the mail reply sent by them when i asked info about f&o
if you find useful use it

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Dear Sir/Madam

Thank you for writing to us.

Kindly note that, online brokerage for F&O is Rs.75 per lot and if it is not squared off before the expiry date, then the Exchange will close out the position at the closing rate of the same contract note. There will not be any brokerage for the settlement of Future done by the Exchange on the Expiry date and Rs.30 is applicable in case of Option Excised by the Exchange.

Margin requirement for F&O is available in the Customer Care Site under the option "F&O -> Margin requirement"

All futures contracts are marked-to-market(MTM) to the daily settlement price of the relevant futures contract at the end of each day. In case a futures contract is not traded on a day, or not traded during the last half hour, a 'theoretical settlement price' is computed. Mark-to Market Margins are settled daily which means that any profit arising on the outstanding position at the futures closing price shall be paid out on T+1 day. Similarly any loss arising on the open position at the futures closing price will have to be paid to Exchange on T+1 day.

The trading member can charge:
Stamp Duty
Service tax
Securities Transaction Tax
Transaction charges levied by the Exchange
Any other charges that are directly attributable to the transaction

Please find the below details regarding additional charges.

Service Tax ------------- 12% of brokerage
Educational Cess ------------- 3% of service Tax + Secondary and Higher Secondary Education Cess 1% of Service Tax

Securities Transaction Tax

Cash Delivery 0.125% of volume
Cash Speculation 0.025% for selling only
F&O 0.017% for selling only
0.017% for Options Segment (only on sell) (Premium x Quantity)
0.125% for Sale of an option in securities, where option is exercised

Exchange Levy ( Turnover Levy) charged on volume

NSE Cash Segment - 0.003943836%
BSE Cash Segment - 0.003932600%
NSE Future Segment - 0.002247200%
NSE Options Segment - 0.057303600%
BSE Futures - 0.000280900%
Stamp duty

Cash Delivery .01%
Cash Speculation .002%
F&O .002%

** Statutory charges as applicable from time to time


If you have any doubt please feel free to give us a call anytime during office hours, Monday through Friday 9.30AM-6.00 PM and Saturdays from 10 AM-1PM
Toll Free - 1800 425 5501(Within India) or Paid Line - 0484 2405822

Warm regards
Geojit Customer Care Center
 

vasa1

Active Member
#2
the below is the mail reply sent by them when i asked info about f&o
if you find useful use it

.....
Exchange Levy ( Turnover Levy) charged on volume

NSE Cash Segment - 0.003943836%
BSE Cash Segment - 0.003932600%
NSE Future Segment - 0.002247200%
NSE Options Segment - 0.057303600%
BSE Futures - 0.000280900%
....
Thanks for this info.:)

I used to think the NSE cash was 0.0035% but it looks like inflation has crept in here as well :(.

Even then, when I look at the figures in the contract notes of this week it looks like Geojit are charging even more than 0.003943836%.

I got 0.00407%. Do you think there's ST+EC added as well?

I'll check on Monday but if you could chip in before then ...