Anand Rathi Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Apr 17, 2023In this article, we are going to discuss the Anand Rathi Charges. Please find a detailed review of Anand Rathi Brokerage Charges, their account processing charges & various other charges assigned by the government.
So, let’s get started.
Anand Rathi Brokerage Charges
Find below the detailed table of Anand Rathi’s brokerage charges:
| Brokerage Charges | |
| Equity Delivery | 0.5% – 0.15% |
| Equity Intraday | 0.05% -0.015% |
| Equity Futures | 0.05% – 0.015% |
| Equity Options | Rs 75 to Rs 20 |
| Currency Futures | 0.05% – 0.015% |
| Currency Options | Rs 75 to Rs 20 |
| Commodity | 0.008% – 0.05% |
- The brokerage charges for equity delivery are lies between 0.5%- 0.15% respectively.
- Brokerage charges for Equity Intraday, Equity futures, and currency futures are lies between 0.05%- 0.015% respectively.
- The brokerage charges for currency options and equity options are Rs. 75 to Rs. 20 per lot respectively.
Want to know more about Anand Rathi and its operations, check out the Anand Rathi Review section.
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Anand Rathi Account Opening Charges
Get the details of Anand Rathi’s account opening charges:
| Account Opening Charges | |
| Trading Charges [One Time] | Rs 0 |
| Trading AMC [Yearly] | Rs 0 |
| Demat Charges [One Time] | Rs 0 |
| Demat AMC [Yearly] | Rs 450 from the second year onward |
| Margin Money | Not required |
It’s very clear that account opening charges are frustrating. But luckily, Anand Rathi doesn’t charge an account opening fee. Users can open a Demat or Trading account for absolutely free.
Unlike other brokers, Anand Rathi will not charge you for any amount to open a trading / Demat account. Simply register yourself, submit the documents and proceed.
The only thing you must be paying attention to is Demat Account Maintenance Charges that start from Rs 450 but are charged from the second year onwards.
In short, if you are a beginner, there’s no such fee you need to pay in advance at the Anand Rathi booking platform.
Anand Rathi Brokerage Calculator brings to an end all your dilemmas related to various brokerages and fees charged by the stockbroker.
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Anand Rathi Transaction Charges
Get the details of Anand Rathi’s transaction charges:
| Transaction Charges | |
| Equity Delivery | NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side) |
| Equity Intraday | NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side) |
| Equity Futures | NSE Rs 410 per Cr (0.0041%) | BSE Rs 210 per Cr (0.0021%) (each side) |
| Equity Options | Rs 7000 per Cr (0.07%) |
| Currency Futures | Rs 350 per Cr (0.0035%) |
| Currency Options | Rs 7000 per Cr (0.07%) |
| Commodity | Rs 350 per Cr (0.0035%) |
The next most frightening charge is built-in Transactions. Traders want transaction charges to be as low as possible. These charges act like a small monster that bites a significant amount from the actual transaction you made with a broker.
But fortunately, Anand Rathi’s transaction charges aren’t that tension-ridden.
These charges are levied per crore value. In inequity delivery orders, the broker charges Rs 350 per crore values or 0.0035%. But it is also worth noticing that charge variation exists from one trading instrument to another.
Also, whether the stock belongs to NSE or BSE can impact the deduction percentage. Options trading, however, has the highest transaction fee, and you can’t ignore it.
Anand Rathi Other Charges
Get details of various other charges levied by Anand Rathi:
| Other Charges | |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | NIL |
| Dematerialisation Charges | Rs 2 per certificate + Rs 20 per request In case of bulk, above 100 certificates Rs 5 & Actual Courier Charge |
| Pledge Creation | Rs 25 per transaction |
| Pledge Invocation | Rs 60 per Instruction |
| Margin Pledge/Unpledge/ Pledge closure | Rs 25 per transaction |
| Margin Repledge | Rs 35 per ISIN |
| Remat Charges | Rs 15 per certificate or Rs 15 for every 100 certificates whichever is higher + Rs 20 Courier charge |
| Documentation Charges | NIL |
| Transaction Statement | FREE monthly |
| Internet Facility | Complimentary |
| Bounce cheque Charges | Rs 250 |
| Additional statement | Rs 15 |
| Rejection Charges | Rs 25 |
| Purchases through AR | Nil |
| Sales through AR | Rs 15 per ISIN (For POA Client); Rs 25 per ISIN (For Non-POA Client) |
| Sales not through AR/Off-Mkt Transfer | Minimum Rs 25 and Maximum Rs. 500 or 0.025% of the market value |
| Custodial Charges | Nil |
As the table above shows, all these charges are some extra charges levied on every eligible condition when met by a user of Anand Rathi.
Such as, Reactivation charges Rs 20 that you pay upon reactivating your Trading / Demat account if it has been inactive for the past few months.
Few brokers even charge Account Closure Charges, but not Anand Rathi. Apart from that, Pledge Creation charges Rs 25 per transaction, and Pledge Invocation charges Rs 60 per instruction are charged by the broker.
Similarly, other conditional charges are also available. Categories, where you aren’t required to pay charges, are Custodial Charges, Purchase through AR charges, Transaction Statements, and Documentation Charges.
Anand Rathi Regulatory & Government Charges
| Segments | Charges |
| SEBI Turnover Charges | 0.0001% (₹10/Crore) |
| STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell-side (Non-Agri) Commodity Options: 0.05% on sell-side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell-side |
| Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
You can’t refrain from these charges. The government of the respective nations mandates government and regulatory charges, and all brokers and traders have no option but to respect them.
Such as, in India, 18% GST is levied on every brokerage or related service. You see these charges pre-attached with the receipt. Thus there’s no way to ignore them.
Similarly, regulatory charges are levied by the Stock Exchange Board of India. SEBI turnover charges 0.0001% per Rs 10 crore value. Besides GST, you also need to pay stamp duty and STT.
You can keep these charges in their exact figures in your mind because on every trading platform; they stay fixed.
Anand Rathi Brokerage Charges – Conclusion
These are some common and extra charges at the Anand Rathi booking platform. Even though the broker is a full-service trading and investment services provider, its charges are lower.
Hence, it is a good sign for beginners searching for an affordable booking platform. The flexible charging model of Anand Rathi is noteworthy as Anand Rathi keeps it fairly transparent with its users.
Anand Rathi Brokerage charges FAQs
Here is the list of FAQs related to the Anand Rathi brokerage charges:
What is AMC for Anand Rathi?
Account maintenance Charges for Anand Rathi depend on the account type you choose. There’s no AMC on the trading account. But the broker charges Rs 450 per annum for Demat Account AMC. Beginners need not worry about these charges, as they need to pay them from the second year onward.
How much does Anand Rathi charge for delivery?
Anand Rathi’s charges for delivery orders are quite straightforward. You need to pay 0.5% – 0.15% commission as a brokerage charge of the trading value. The charge can fluctuate over time, so make sure you stay updated with us.
How much does Anand Rathi charge for intraday?
Anand Rathi keeps its charges to 0.05% – 0.015%; that’s too for equity orders. Charges for other day trading facilities, such as futures and options, may vary significantly.
How much does Anand Rathi charge for futures and options?
Anand Rathi charges Rs 75 to Rs 20 per lot for options and 0.05% to 0.015% per executed order for Future trades. Variations in charges mean that charges can go high or low depending on your trading activity.
Is Anand Rathi free?
Anand Rathi doesn’t charge an Account Opening Fee. The broker even keeps other brokerage charges relatively less. But it doesn’t make it an utterly free trading platform. After all, these commissions are an income source for every broker with the use; they become proficient enough to serve a better user experience.
Does Anand Rathi charge brokerage on delivery trades?
Yes. Anand Rathi charges brokerage on delivery trades, and the rate varies between 0.5% to 0.15% per executed order.
What are the opening account charges of Anand Rathi?
Since Anand Rathi charges no account opening fee, there are no such charges. You can register yourself at Anand Rathi, meet the KYC guidelines and start using the broker.
How to confirm order execution with Anand Rathi?
You can confirm order execution with Anand Rathi by simply visiting the order section and checking the current status of your order. Whether the order has been placed or is on hold, you will come to know from there.
Is Anand Rathi safe for trading and long-term investment?
Yes. Anand Rathi is safe for long-term investment and trading. The broker has been working since 1994 and has come a long way in catering to the dynamic requirements of traders and investors.
Can I use the Anand Rathi Trade Mobi app to transfer funds?
Yes. You can take the help of the Anand Rathi Trade Mobi App to transfer funds instantly from any time to anywhere.
Can I apply for IPOs using the Anand Rathi Trade mobile app?
Yes. Users can apply in IPOs using Anand Rathi Trade mobile app. It is easy to create an account and invest in the great-doing Initial Public Offering.
Can I access charts from the Anand Rathi app?
Yes. You can access charts from the Anand Rathi app. Log into the app and go to the chart section to get the desired chart you want.
Who can open an account with Anand Rathi?
Anybody above 18 can open an account with Anand Rathi. There are no barriers.
Do I need to maintain a minimum balance in my Anand Rathi trading account?
You don’t need to maintain a minimum balance in your account. There’s no such policy designed by Anand Rathi so far. But if your account is empty and has not been used for a long time, you may invite reactivation charges upon restarting it.
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