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What is normal transaction charge?

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  #1  
Old 7th December 2009, 12:44 PM
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Default What is normal transaction charge?

Hello,

Can you please tell me what are normal transaction charges levied? I had a selling transaction on delivery basis under bse of around Rs. 600. For that i was charges Rs. 10. It is proper?


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  #2  
Old 7th December 2009, 01:17 PM
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Default Re: What is normal transaction charge?

See your contract note. It will include the break up of the charges as brokerage, service tax over brokerage, STT, turnover charges, education and higher edu cess, stamp duty charges. If there is anything mentioned as "Other" or "Miscellaneous", ask your broker to clarify these.

What is your brokerage rate?

Which shares did you sell?
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Old 7th December 2009, 01:22 PM
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Default Re: What is normal transaction charge?

The charge isn't mentioned in the contract note. It was deducted from my trading account. My brokerage charges are 0.3%. I sold the shares of Bliss GVS Pharma. I asked my broker he said that this 10 Rs. transaction charge is levied on every sell transaction on delivery basis.
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Old 7th December 2009, 01:53 PM
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Default Re: What is normal transaction charge?

Quote:
Originally Posted by Shrutip View Post
The charge isn't mentioned in the contract note. It was deducted from my trading account. My brokerage charges are 0.3%. I sold the shares of Bliss GVS Pharma. I asked my broker he said that this 10 Rs. transaction charge is levied on every sell transaction on delivery basis.
At the rate of 3 paise, brokerage for selling amt 600 comes to around 18 paise. Since 18 ps is too low, he may have charged you something like minimum brokerage, or say Rs. 6. Ask them the minimum brokerage.

Also, since that share is only Rs 32, he may have charged you some special brokerage. Many brokers do such things when the cost of the share is less than a particular amount, say 100 or 50.

BTW who is your broker? He sounds quite unprofessional in not mentioning the charges. I am trading with sharekhan and they provide account of every paisa of the bill.
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Old 7th December 2009, 01:53 PM
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Default Re: What is normal transaction charge?

Hi
As far as my observation, transaction charge is:
  • NSE= 0.00335%(Delivery),0.0037%(Intraday)
  • BSE= 0.00360%(Delivery)
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Old 7th December 2009, 02:20 PM
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Default Re: What is normal transaction charge?

My account is with Karvy Stock Broking. I asked them they are saying the 10 Rs. charge is charged by karvy hence there is no mention on the contract note. He said that irrespective of amount or type of share, 10 Rs. will be deducted from every transaction. He says that it is a holding charge for the scrip.
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Old 7th December 2009, 02:22 PM
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Default Re: What is normal transaction charge?

Are you sure Sharekhan doesnt do that? If so i would prefer switching over to Sharekhan.
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Old 7th December 2009, 03:59 PM
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Default Re: What is normal transaction charge?

Quote:
Originally Posted by Shrutip View Post
Are you sure Sharekhan doesnt do that? If so i would prefer switching over to Sharekhan.
There is definitely no "holding charge" that is "unaccounted". Every charge is mentioned on the contract note cum bill.

I wonder what this holding charge is, and wonder more why they don't give the bill or receipt.
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Old 7th December 2009, 04:08 PM
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Default Re: What is normal transaction charge?

Hi...
Good eve Sir/Mam,

Could u plz tell me is it the right time to invest money in market ?
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Old 7th December 2009, 06:19 PM
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Default Re: What is normal transaction charge?

Quote:
Originally Posted by bunny View Post
There is definitely no "holding charge" that is "unaccounted". Every charge is mentioned on the contract note cum bill.

I wonder what this holding charge is, and wonder more why they don't give the bill or receipt.
I mailed them and they replied me with the scenarios in which Rs.10 is charged. They are as below :
Client purchased shares on Monday and sold on Tuesday … he will be charged with rs.10 per script

Client has his stock lying with us which he has purchased 2 months back…now he sells … he will be charged with rs.10 per script

Client has his stock lying with us which he has purchased 2 months back …now he asks for payout to his demat account..he will be charged with rs.10 per script

Client has purchased shares and opted for auto payout …no charges

Client has purchased shares on Monday and sold on Friday … he will be charged with rs.10 per script.

Client has shares in cash margin and wants to transfer shares to fao for margin…client will be charged with rs.10 per script

Client sells the shares in cash market which are lying in fao margin … client will be charged with rs.10 per script.

Client has margin short fall in fao and we move stocks from cash margin to fao … client will be charged with rs.10 per script.

Client purchased shares in nse on Monday and sold subsequently in bse …client will be charged with rs.10 per script.

Are these charged in every broking firm?

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