In this article, we will provide you detailed list of IDBI Direct charges like brokerage charges, transaction charges, account opening charges and other important charges. IDBI direct is one of the leading stock market firms, that offers online trading in Equity, Mutual funds, F&O & more.
If you have a confusion regarding IDBI Direct Brokerage Charges, you are in the right place. This article will give you all details related to IDBI Direct Charges.
IDBI Direct Brokerage Charges
Find below the detailed table of IDBI Direct Brokerage Charges:
|Brokerage Charges of 2019|
|Equity Options||Rs 100 per lot|
|Flat Monthly Fees, if any||NA|
As per the table data, the brokerage charges for equity delivery are 0.50% and for Equity intraday & Equity Future are 0.08%. In Equity option clients are required to pay Rs. 100 a lot as a IDBI Direct brokerage charges.
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IDBI Direct Account Opening Charges
Find below the IDBI Direct Account Opening Charges:
|Account Opening Charges of 2019|
|Account Processing Charges||Nil|
|Trading Account Opening Charges [One Time]||Rs 700|
|Trading AMC [Yearly]||NIL|
|Demat Account Opening Charges [One Time]||NIL|
|Demat AMC [Yearly]||Rs 350|
|Margin Money||Rs.10,000 Minimum|
The clients who wish to open account in IDBI Direct, they need to pay Rs. 700 as a trading account opening charges (one time).
Along with that they are requested to pay Rs.350 yearly as account maintenance charges. And there are no account processing charges.
The clients can starts their trading with minimum Rs. 10,000.
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IDBI Direct Transaction Charges
Below is the list of IDBI Direct Transaction Charges:
|Transaction Charges 2019|
|Equity Options||0.051% on premium|
For Equity delivery and Equity Intraday transaction charges are 0.003250% respectively. If a clients trading in equity futures then he/she has to pay 0.001900 as a equity futures transaction charges. And Equity options clients have to pay 0.051% transaction charges on premium.
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IDBI Direct Other Charges
Find below IDBI Direct Charges other than brokerage, a/c opening & transaction.
|Other Charges 2019|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% of Total Turnover|
|Stamp Duty||0.002% – 0.003% – Depends on State|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.50 per Segment|
|Account Closure Charges||Rs.40 per Segment|
IDBI Direct levied a SEBI Turnover charges as o.ooo2% on total turnover. STT is also charged on Total Turnover @ 0.0126%.
The Broking house charges o.oo2% – o.003% Stamp duty which changes from state to state. GST is charged on sum of Brokerage charges & transaction charges @ 18%.
Margin Funding charges are 18% + GST. While Reactivation charges & account closure charges are Rs.50 & Rs.40 per segment.
IDBI Direct charges Rs.25 for dematerialisation.
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