Geojit Finance Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Mar 23, 2023Are you looking for the details regarding Geojit’s finance charges? If yes, you have come to the right place. Here, we will cover all brokerage charges, are levied by Geojit financial services.
The Geojit finance brokerage charges are highly competitive that offer greater value for money for their client. Geojit’s clients pay account opening charges, transaction charges, and taxes while trading. Hence, in this article we have explained all brokerage charges related to Geojit financial services:
Geojit Finance Brokerage Charges
Find below information about Geojit finance brokerage charges:
| Brokerage Charges | |
| Equity Delivery | 0.30% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs 125 per contract |
| Currency Futures | 0.03% |
| Currency Options | Rs 125 per contract |
| Commodity | NA |
| Flat Monthly Fees, if any | NA |
The clients who want to trade in equity delivery is 0.30% & for equity intraday, currency futures and equity futures they need to pay 0.030% as brokerage charge respectively.
The clients who wish to trade in equity options and currency options will require to pay Rs.125 per contract as brokerage charges respectively.
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Geojit Finance Account Opening Charges
Find below information about Geojit Financial services account opening charges.
| Account Opening Charges | |
| Trading Charges [One Time] | NIL |
| Trading AMC [Yearly] | Rs 0 |
| Demat Charges [One Time] | Rs 100 |
| Demat AMC [Yearly] | Rs 400 |
| Margin Money | Rs.15,000 Minimum |
In order to access the trading services of Geojit financial, first you need to open a trading account, which opening charges are completely free.
Even, you don’t require to pay for trading AMC and the demat account opening charges on the other end are a tiny amount of Rs.100. Further, all you need is to pay Rs. 400 as a demat account annual maintenance charges yearly.
The clients can start trading with a minimum of Rs. 15,000 margin money.
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Geojit Finance Transaction Charges
Get detailed about Geojit finance transaction charges:
| Transaction Charges | |
| Equity Delivery | Rs 325 per Cr (0.00325%) |
| Equity Intraday | Rs 325 per Cr (0.00325%) |
| Equity Futures | Rs 210 per Cr (0.0021%) |
| Equity Options | Rs 5500 per Cr (0.05%) |
| Currency Futures | Rs 145 per Cr (0.00145%) |
| Currency Options | Rs 4730 per Cr (0.0473%) on premium |
| Commodity | NA |
The transaction charges for equity delivery, equity intraday are 0.00325% respectively. Whereas, for equity futures, the transaction charges are 0.00210%.
On premium, the equity options transaction charges are 0.055% and for currency options 0.0473%. The currency futures transaction charges are 0.00145%.
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Geojit Financial Services Other Charges
Below is the list of various charges levied by Geojit finance:
| Other Charges | |
| SEBI Turnover Charges | 0.00005% (₹5/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) |
| Margin Funding Charges | |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | Rs 30 per instruction |
| Dematerialisation Charges | Nil + courier charges @ Rs 35/- |
| Pledge Creation | Rs 50/- per transaction |
| Pledge Invocation | Rs 50/- per transaction |
| Margin Pledge/Unpledge/ Pledge closure | Rs 50/- per transaction |
| Margin Repledge | Rs. 15.5 + Rs. 15.5 (Rs. 31 per scrip) |
SEBI turnover charges are levied at 0.00005% of total turnover and remain the same for NSE and BSE respectively. When you trade itself you have to pay STT charges of 0.0126% of total turnover.
The stamp duty charges lie between 0.002%0- 0.004% and it charges vary from state to state and apply on both sell and buy sides. The GST is 18% ( Brokerage + transactions). The broking houses charge 18%+ GST for margin funding.
Clients don’t require to pay any cost for closing their account and they can reactivate it by paying Rs. 5o per segment. The Dematerialisation charges levied by Geojit financial services are Rs. 35.
Geojit Finance brokerage charges FAQ
Does Geojit Finance Charge Brokerage?
Like any broker, Geojit Finance too charges brokerage on equity delivery and other segments of the trade. Clients at Geojit Finance pay the least of the brokerage on equity intraday and currency features, which is around 0.03%, which is also the least in the market, giving clients a low-duty brokerage on their intraday trades.
What are Geojit Finance Brokerage Charges?
Brokerage charges at Geojit Finance are finely constructed to best meet market principles and client assurance. Geojit brokers charge Rs.125 per contract for their equity options and currency options. Traders at Geojit Finance do not have to pay any commodity and flat monthly fees.
What is the Intraday Brokerage of Geojit Finance?
The clients who wish to trade in equity intraday are highly favoured by this broker as the charges of this segment are very market-friendly. To best suit their clients’ trading activities, the equity intraday segment is charged 0.03% per trade.
What Other Charges were levied by Geojit Finance?
When a trader wishes to open an account, with the brokerage they are also expected to pay several other charges. Individually the charges can be distinguished into dematerialization charges, reactivation charges, and margin funding charges.
Is Geojit Finance a discount broker?
Yes, Geojit Finance is a discount broker. They provide their clients with a trading platform and offer the cheapest, low-cost brokerage for buying or selling stocks. Geojit has been chosen by investors and traders who actively buy and sell Securities frequently for their low-cost brokerage.
Does Geojit Finance have Free Delivery?
Equity delivery is thus a very important practice in trading as it allows traders to hold shares in their Demat account for as long as they wish. Equity delivery at Geojit Finance carries a charge of 0.30%, which the client has to pay per trade.
How much does Geojit Finance Charge for Options?
Equity options are important in the trade as they give an investor the luxury to buy or sell a put at a set strike price before the contract’s expiry date. Geojit charges its clients Rs.125 per contract for equity options and thus the same charge for currency options as well.
What are Geojit Finance Transaction Charges?
The transaction charges at this broker house have been repeatedly favoured by many investors, given their low-cost charge on each transaction. Starting from equity delivery to equity intraday both these segments run on the same charge value of 0.00325%. Equity futures and equity currency futures carry a standard charge of 0.00210% and 0.00145%.
What is the Demat AMC in Geojit Finance?
Most of The account open charges at Geojit Finance are waved off by the broker, giving the clients a big sign of relief on this very ground. The broker here does not have any one-time account opening charges either, the charge clients are supposed to pay is the DEMAT AMC which is a yearly charge of around Rs.400.
Is Geojit Finance Brokerage Free?
Geojit provides services to their clients on a very low-cost brokerage starting from equity delivery to the option, the broker charges the least on futures. However, clients do need to pay brokerage on almost all the segments, given the charge is less compared to other broker houses.
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