HDFC Securities Charges – Find Brokerage Charges, Account Opening Charges and moreLast Updated Date: Mar 18, 2023
This article will cover all the details regarding HDFC securities charges. Whether you want to find details about account opening charges, or transaction charges, here you will find everything related to HDFC securities brokerage charges.
So, let’s review all brokerage charges levied by HDFC securities.
HDFC Securities Brokerage Charges
This table gives you information about HDFC securities brokerage charges:
|Equity Options||Rs 100 per lot or 1% of the premium (whichever is higher)|
|Currency Futures||Rs 23 per contract|
|Currency Options||Rs 20 per contract|
|Commodity Futures||Rs 100 per lot|
|Commodity Options||Rs 100 per lot|
HDFC securities charges are transparent and fairly reasonable in many ways. Users need to pay 0.50% brokerage on equity delivery orders and 0.05% on equity intraday and futures.
Brokerage on intraday is surprising as the deduction is fairly less than other brokers in the industry. However, equity options brokerage isn’t much appealing to the eyes. The broker charges Rs 100 per lot or 1% of the premium, which is relatively high.
Currency futures and options, commodity futures, and options charges are also noteworthy, as you can see above. In a nutshell, HDFC brokerage has some signs of relief, but if you are planning to trade options, you must be prepared to deal with hefty charges.
Comprehend with us all the features of this stock broking company in our HDFC Securities Review.
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HDFC Securities Brokerage Plans
|Equity Delivery Trading||0.32%||0.27%||0.22%||0.18%||0.15%||0.15%||0.10%||0.10%|
|Equity Intraday Trading||0.032%||0.027%||0.022%||0.018%||0.015%||0.015%||0.010%||0.010%|
|Options (per order)||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20|
|Futures (per order)||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20|
|Zero brokerage on ETF||No||No||No||No||No||Yes||No||Yes|
Clients’ tastes for investment differ, including their budget, sometimes high or less. Brokers for a long have been assessing the choices of clients. Thus are bringing them separate plans to serve a personalized experience.
HDFC securities also offer separate brokerage plans, and the rate difference of each can be seen above. Brokerage plans start from Rs 199 and end at Rs 5,999, respectively.
There’s no brokerage on ETF; brokerage on options and futures are similar per order in all eight plans. A big percentage reduces brokerage upon going with higher plans onwards.
But if you are starting with a limited budget, you can choose the smallest plan, or Rs 199 or Rs 299, respectively.
HDFC Securities Account Opening Charges
Get details of trade and demat account opening charges levied by HDFC securities:
|Account Opening Charges|
|Trading Charges [One Time]||Rs 0|
|Trading AMC [Yearly]||Rs 0|
|Demat Charges [One Time]||Rs 0|
|Demat AMC [Yearly]||Rs 750|
|Margin Money||Not required|
Fortunately, HDFC securities don’t charge brokerage on account opening. The facility is offered for absolutely free. For trading account opening, you pay ZERO charges. Similarly, Demat Account Opening is also free of cost.
However, the charges you need to pay for your account are built-in AMC. The broker per annum levies accounts for Maintenance Charges at Rs 750. But this charge is only for Demat account users. There’s no AMC on the Trading account, which is good.
If looking for the best broker with the most affordable brokerage charges, evaluate the brokerage with the HDFC Securities Brokerage Calculator and make your decision.
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HDFC Securities Transaction Charges
Find the table for HDFC Securities Transaction Charges below:
|Equity Delivery||0.00325 (%)|
|Equity Intraday||0.00325 (%)|
|Equity Futures||.00190 (%)|
|Equity Option||0.050% (on premium)|
|Currency Futures||0.00110 (%)|
|Currency Option||0.040% (on premium)|
Brokerage firms charge transaction fees, which makes it equally essential to have them in mind. Such as herein, HDFC securities charges a 0.00325% transaction fee on Equity Delivery and Intraday Orders.
Similarly, charge variations can be seen in the other assets in the table above. Since commodities and options had the highest brokerage fee (as discussed before), there are no deductions on these assets.
But it is also worth noting that charges on Futures and Options are only absent if you are trading in Commodities. Expect no relief if you are trading in currency and equities.
But there’s nothing to be worried about too much about these charges because the deduction from these charges will be very small in BSE and NSE.
HDFC Securities Brokerage Scrip Charges
|Brokerage scrips less than Rs.10 per share||Charges|
|Delivery Based Trades||A minimum brokerage of Rs. 0.05/- per unit will be charged. Brokerage will be charged within the limits prescribed by SEBI / Exchanges. (Both Buy & Sell)|
|Square-Off Trades Cash & Carry Scrips||A minimum brokerage of Rs. 0.05/- per unit will be charged. Brokerage will be charged within the limits prescribed by SEBI / Exchanges. (Both Buy & Sell)|
|Square-Off Trades Margin Scrips||A minimum brokerage of Rs. 0.05/- per unit will be charged. Brokerage will be charged within the limits prescribed by SEBI / Exchanges. (Both Buy & Sell)|
HDFC securities brokerage scrip charges are less than Rs 10 per share. On delivery-based trades, the minimum brokerage is Rs 0.05 per unit.
These charges standstill on Square-Off Trades in cash and carry scrips and margin scrips. However, the fee will be charged per the limit prescribed by the Stock Exchange Board of India.
Users need to pay these charges on both BUY and Sell-side.
HDFC Securities Other Charges
Get details of various other charges levied by HDFC securities
|Reactivation Charges||Rs 50 per instruction|
|Account Closure Charges||Rs 60 per instruction|
|Dematerialisation Charges||Rs 5 per certificate + Rs 35 per request|
|Pledge Creation||If Pledge is marked in favour of HDFC Bank, 0.02% of the value of the Txn.|
|Pledge Invocation||If Pledge is marked to other than HDFC Bank, 0.04% of the value of the Txn.|
|Margin Pledge/Unpledge/ Pledge closure||Rs. 17.5 per scrip|
|Margin Repledge||Rs. 15.5 + Rs. 15.5 (Rs. 31 per scrip)|
|Commodities Transaction Tax (CTT):|
|Non-Square Off (Carry Forward) Trades||0.01% of the transaction value (On Sell transaction) (Effective from 1st July 2013)|
|Square-Off Trades||0.01% of the transaction value (On Sell transaction) (Effective from 1st July 2013)|
|OPTION MARKET||Purchaser: 0.0001% on Settlement Price on exercise. (Effective from 1st April 2018)|
HDFC securities are straightforward so far. But these charges in the “Other charges section” are confusing. It most often happens when users ignore them and later deal with confusion.
Such as Account Reactivation and Account Closure-related activities are subject to charges on trading. Similarly, Pledge creation and Pledge Invocation charges are levied by the broker.
Square-Off trades also come with a 0.01% deduction. Similarly, 0.0001% is imposed on the settlement price on exercise.
HDFC Securities Regulatory & Government Charges
|SEBI Turnover Charges||0.00015% (exclusive of service tax) on turnover (Effective from 1st June 2014) Plus GST 18%
(Old rate of 0.0001% on turnover affected upto 31st May 2014)
|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)|
We can’t forget GST on Brokerage, transactions, and the SEBI fee charged at 18%. SEBI turnover charges must be noted here as well. You pay 0.00015% charges as per the guidelines for SEBI turnover charges.
Similarly, STT is also charged as per the trading instruments. Additional stamp duty is also charged based on the asset.
HDFC Securities Brokerage Charges – Conclusion
You have obtained a clear insight into the charges levied by the broker against multiple assets and services. GST and SEBI charges are enduring, and there’s no difference.
But brokerage and other charges have some changes as usual. So make sure you watch the unique HDFC securities charges structure carefully.
However, the broker has tried to keep its brokerage plans personalized to the user. So make sure you make the right choice as per your budget and requirements.
HDFC Securities Brokerage Charges FAQs
Here is the list of FAQs related to the HDFC Securities brokerage charges:
Does HDFC Securities Charge Brokerage?
Yes, charging brokerage is a part of its business structure, as it is for other stockbroking houses. Since this company is a full-service broker, the charge they levy is based on the percentage. This is contrary to a flat rate.
What are HDFC Securities Brokerage Charges?
HDFC Securities brokerage charges vary significantly. The difference in brokerage is primarily driven by the variation of the plan designed by the broker. Such as on Equity traders, you may receive 0.50% charges. Upon going with premium plans, these charges start from 0.32% and end at 0.10% on equity orders.
What is the Intraday Brokerage of HDFC Securities?
Intraday Brokerage of HDFC Securities is 0.50% on equity trades. Charges can be even less if you purchase the brokerage plan designed by the company.
What Other Charges were levied by HDFC Securities?
Brokerage is not all you are obligated to pay, as there are a lot of other charges that follow your way when you place a trade order. The others are transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, account-related charges, and other petty charges.
Is HDFC Securities a discount broker?
No, HDFC Securities does not belong to the group of discount brokers, who are a new addition to stockbroking. This stockbroker is a full-service stockbroker that provides end-to-end assistance in investment and trading.
Does HDFC Securities have Free Delivery?
No HDFC securities don’t have free delivery. You pay a small charge of 0.50% on delivery orders. But the charge is also added by other small fees.
How much does HDFC Securities Charge for Options?
HDFC securities charge Rs 100 per lot or 1% of the premium in equity options. Currency options and commodity options also come with petite charges worth noting.
What are HDFC Securities Transaction Charges?
HDFC Securities Transaction Charges vary and depend more on the asset type you choose for trade or delivery orders. These charges could be anything between 0.00110% to 0.050%, respectively. However, there is no transaction fee on commodity futures and options.
What is the Demat AMC in HDFC Securities?
Demat AMC in HDFC securities is charged per annum at Rs 750.
Is HDFC Securities Brokerage Free?
No, HDFC securities brokerage isn’t free. The broker is a fully-featured online trading and investment services provider and isn’t free.
What are HDFC Securities charges?
HDFC Securities charges are an expense to a trader and an income source to the broker. The broker charges multiple fees to improve their services and serve a better experience to clients.
Are HDFC Securities expensive?
No. HDFC securities aren’t expensive, but they are more personalized. You are offered multiple brokerage plans to choose from to get rid of hefty charges. But if you have limited investment and can’t purchase HDFC securities plans, you shall find it a bit expensive broker.
Does the HDFC Demat account have charges?
Yes. HDFC Demat Account has an account maintenance fee of Rs 750, charged from users per annum. Account Opening is, however, free.
Does the HDFC Trading account have charges?
No. HDFC Trading Account doesn’t have charges. The broker neither asks you for an Account Opening fee to pay nor is it required to pay AMC.
How is brokerage calculated in HDFC Securities?
Brokerage is calculated in HDFC securities based on the assets and related taxes. Such as, the broker may include standard brokerage rates, transaction fees, and government plus regulatory taxes to derive ultimate brokerage value.
What are the brokerage charges for HDFC securities?
Brokerage Charges for HDFC securities vary from one trading instrument to another. Therefore, it’s advised to review your desired asset’s charge section before proceeding.
How to reduce brokerage in HDFC securities?
There’s no way to reduce brokerage in HDFC securities
How to apply for an IPO online through HDFC Bank?
HDFC Bank users can register themselves at HDFC securities to start investing in IPO online.
Can the customer modify the orders?
Yes. Customers can modify the orders by simply visiting the order section and modifying the orders.
What are the Annual Maintenance Charges of HDFC Securities?
Annual Maintenance Charges of HDFC securities are Rs 750 on the Demat account. The trading account has no AMC.
What are the HDFC Securities brokerage plans?
HDFC Securities Brokerage Plans are premium plans designed by the broker to deliver a personalized trading charges pattern to traders. Each of these eight plans has a special charge rate.
What are futures and options charges in HDFC Securities?
Futures and Options Charges in HDFC Securities are 0.05% and Rs 100 per lot or 1% of the premium if they belong to Equities. Currency and Commodity futures and options have different charge rates.
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