Hello Abhinav & all....the following message is about Indiabulls & it's features,
Account Opening Charges: Rs.700
Annual Maintenance Charges: Nil
Indiabulls Power Software: Rs.750
You can either have this software or trade online through our web page
www.indiabulls.com
The only difference between trading through our software & through web page is , you can see 50 companys script details, where as in web page u can see only 15 companys script details at a stretch, any how you can insert as many companies you wish.
Brokerage:
Particulars Intra-day Delivery
Brokerage 0.1 % 0.5 %
STT 0.018 on above 0.018 % on above
Service Tax 10.2 % 10.2 %
Turnover Tax 0.02 % on Selling 0.1 % -Both (Sell/Pur)
Futures & Options 0.1% + Tax as above
Note: In Intra-day you have to square up your account on the same day, which means you must have sold all your shares you bought that particular day.
Alternatively, even you can change your stays from intra-day to delivery before 2.30 pm on that particular trading day.
STT: Security Transaction Tax
Additional Features:
Free Credit for a days trade, if u wish to avail:
Intra-day 8 times your initial investment
Delivery 4 times your initial investment
E.g.: if you purchase a script worth Rs.10000 in intra-day by specifying margin, you are entitled to have a credit limit of Rs.80000 for that day.
This facility is bcos you can encash your money after Transaction + 2 days, by availing this facility there wouldnt be such money shortage for your trade.
Your cost to the company for availing this facility of credit would be as follows:
Trading day & the day before the next day trading hour: Nil
From there onwards: 16 % p.a
It also provide online support & services.
All the above cost is negotiable if your trading performance is more & good. i.e brokerage cost
All the best,
Ananth
