General Trading Chat

Every bank website has all its charges mentioned under "schedule of charges". I am not aware that any bank is charging extra for deposit through CDM.

If you are unable to find schedule of charges, mention the bank name.
It seems that Axis bank had or has such charges.

https://application.axisbank.co.in/FeesAndChargeMaster/pdf/ConvenienceFees.pdf

1584893717308.png


The whole list of charges is quite convoluted and confusing.
https://application.axisbank.co.in/...42.529242945.1584893394-1445295668.1584893394

But looking in detail you will find it here on page 2

https://application.axisbank.co.in/...es for all schemes_effective 1st April 20.pdf

I don't know if the other banks have it too. If so, the customers should know it exactly.
 
All charges are there except STT. Because ETFs are not securities.
Thanks. So, if using Sharekhan, there would be Rs. 23.6 as "delivery handling charges". Maybe if a trader buys/sells 100 units, it would come down to 10 paisa. If trading niftybees, now the price is around 100rs. Just wondering.
 

soft_trader

Well-Known Member
It seems that Axis bank had or has such charges.

https://application.axisbank.co.in/FeesAndChargeMaster/pdf/ConvenienceFees.pdf

View attachment 40981

The whole list of charges is quite convoluted and confusing.
https://application.axisbank.co.in/...42.529242945.1584893394-1445295668.1584893394

But looking in detail you will find it here on page 2

https://application.axisbank.co.in/FeesAndChargeMaster/pdf/Revision in Cash Transaction Fees for all schemes_effective 1st April 20.pdf

I don't know if the other banks have it too. If so, the customers should know it exactly.
Maybe other banks will also follow suit.

Recently icici bank installed CDM across the country, and there are no charges as such.
 
I just noticed this about the charges by Union Bank of India.

1584894550899.png


So, if I use my debit card twice a day for shopping/paying for small things like milk/groceries etc., then I have 180 debit entries per quarter and end up paying Rs. 2040 as bank charges + GST !!!
 
Maybe other banks will also follow suit.

Recently icici bank installed CDM across the country, and there are no charges as such.
Perhaps it would make sense to have multiple bank accounts.

On Traderji, I request someone to start a thread "Banking Charges Comparison"
@bpr volunteer ?? :D
 

soft_trader

Well-Known Member
I just noticed this about the charges by Union Bank of India.

View attachment 40982

So, if I use my debit card twice a day for shopping/paying for small things like milk/groceries etc., then I have 180 debit entries per quarter and end up paying Rs. 2040 as bank charges + GST !!!
Yes all the bank has this charge for savings account. If you have too many transaction, better use current account or have multiple savings account or use credit card for shopping and pay the bill from savings account.
 
Yes all the bank has this charge for savings account. If you have too many transaction, better use current account or have multiple savings account or use credit card for shopping and pay the bill from savings account.
Thanks !! Credit card !! Another way would be to use a wallet. Every shop nowadays had paytm/ phonepe etc.
 

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