Hi Zerodha,
In the Zerodha demat account opening form, i notice that charges for off-market sell transactions is given as 0.03% or Rs.25/- whichever is higher. With IL&FS, previously it was a Flat charge of Rs.8/- plus depository charges.
Is there a reason for coming up with %based charging instead of flat rate model propounded by Zerodha.
If someone transfers shares to other demat account for tax loss purpose, the charges will run into few hundreds even for Rs10lakhs.
I'm looking forward to hear from Zerodha, if this is oversight or reflects a change in the approach in charging clients. Thanks