Hello,
I'm using SBICAPSEC.
According to https://www.sbicapsec.com/trading/faqs.html#trading - "What are the brokerage rates applicable on my trades? CASH
The Brokerage rate is 0.50%* * Or Minimum 5 paise per share whichever is higher"
Recently I have purchased three securities A, B & C in delivery mode. My account statement runs as follows -
Security Purchased = A
Number of securities = 1000
Gross Rate Per Security = 18.95
Total = 18950
Brokerage Total = 90.00
Security Purchased = B
Number of securities = 1000
Gross Rate Per Security = 48.80
Total = 48800
Brokerage Total = 240.00
Security Purchased = C
Number of securities = 500
Gross Rate Per Security = 81.25
Total = 40625
Brokerage Total = 205.00
Now the brokerage total @ 0.5% should be 94.75, 244.00 & 203.125 respectively for A, B & C while these are calulated by SBICAPSEC as 90.00,
240.00 & 205.00 respectively for A, B & C.
Can you please suggest these differences?
Thanks & regards,
VK.
I'm using SBICAPSEC.
According to https://www.sbicapsec.com/trading/faqs.html#trading - "What are the brokerage rates applicable on my trades? CASH
The Brokerage rate is 0.50%* * Or Minimum 5 paise per share whichever is higher"
Recently I have purchased three securities A, B & C in delivery mode. My account statement runs as follows -
Security Purchased = A
Number of securities = 1000
Gross Rate Per Security = 18.95
Total = 18950
Brokerage Total = 90.00
Security Purchased = B
Number of securities = 1000
Gross Rate Per Security = 48.80
Total = 48800
Brokerage Total = 240.00
Security Purchased = C
Number of securities = 500
Gross Rate Per Security = 81.25
Total = 40625
Brokerage Total = 205.00
Now the brokerage total @ 0.5% should be 94.75, 244.00 & 203.125 respectively for A, B & C while these are calulated by SBICAPSEC as 90.00,
240.00 & 205.00 respectively for A, B & C.
Can you please suggest these differences?
Thanks & regards,
VK.