Most brokers charge Demat Transaction charges on a monthly or daily basis for the transactions done by you. In case of monthly charge, it may become difficult for you to tally the amount at the end of the month. We believe in transparency and making things easy to understand. Hence, we deduct those charges on the same day when you sell delivery shares and even show it in the contract note of that day so that you can tally it easily.
You will be charged Rs.15 plus GST (Goods & service Tax) for each scrip, per day on date of selling whenever you sell a scrip on a delivery basis.
So many brokerage provide zero AMC demat . You collect amount by AMC charge and Rs.15 per stock also So please provide nil AMC charge. We are paying high demat amc charge.
Hello Manikandan,
Demat AMC is free for the first year. From second year onwards, the AMC of Rs.300+GST is charged. Whenever the shares bought and sold by you, we have to deposit and remove shares from your demat account. For all such maintenance the AMC is charged to your demat account.
does Demat charges apply for options trading also ??
Hello Dhanu,
Demat charges are changed for only delivery based transactions. This means, it is charged only when the equity stocks are moved out of the demat account. No demat transactions charges are charged for options trading.
you will collect Rs.15/- for every transaction. Like that for how many transactions you will collect. If i was done 100 transactions in a year, then Total of my Demat transaction charges is Rs.1500/-. Other brokerage companies charges 200-300 per year only.
Hello Lakshman,
Demat transaction charge of Rs.15 is collected only once in a day for one company stock. Example, if you sell SBI 10 qty at 10am, 15 qty at 12pm, 30 qty at 2:30pm then your demat transaction charge is only Rs.15 for that day. If at all, along with SBI, you sell Axis Bank stock then Rs.30 is charged for both the stocks. This means, Rs.15 is charged per stock per day. As you said the other brokers charge on monthly/quarterly/yearly bases. And hence they do not show up in the contract note. In order to be more transparent we bill them on the day of the transaction and show in the contract note.
With reference to the query above, If I do not sell on a particular day then Rs15 are not charged?…
And what are the Demat transaction charges if I hold a particular share for lets day 10 days??
Hi Ankush,
You’re right. We do not charge demat transaction charge (DTC) of Rs.15 if there is no delivery selling.
DTC is charged only on equity delivery selling not on buying. You can buy and keep till any time, there is no DTC charged. But if you sell any delivery shares then on the day of selling you will be charged Rs.15 for one company stock. As we said in the above post, if you sell two company stocks in a day then the charges will be Rs.30 (Plus GST). Hope, we addressed your query.