If you want to follow IFCI Financial success path then verify the IFCI Financial Charges and IFCI Financial Brokerage Charges in detail.
The company IFCI financial is a legitimate partner of the supreme depository service in India. It stringently follows the rules of the AMFI, IRDA and SEBI.
The best about the broking company is that their service is not limited to the Indian clients but also include the international clients as well. Other than that, they also include the retail business man and other elite customers as well.
IFCI Financial Brokerage Charges
The IFCI Financial Brokerage Charges are vividly jotted in the section below for your accurate understanding of the brokerage pricing.
|Equity Options||Rs.15 per Lot|
|Currency Options||Rs.10 per Lot|
|Flat Monthly Fees, if any||NA|
The full service stock broking companies with own set of regulations always endeavor to abide by the charge regulations as imposed by SEBI.
In that regard, the company IFCI also does follow IFCI Financial Brokerage Charges in a systematic way so that the users can pay off that with full accuracy.
For example, you can see from the above table that the charge for the equity intraday, equity future, currency futures as well as commodity trading is 0.02%. Moving from that, you have to pay about 0.15% as the equity delivery charge as well.
Remember the company has tried to balance the financial toss by keeping both the cost of the currency options trading as well as the equity options trading as Rs.10 and Rs.15 for each.
Therefore, you can precisely make out the distinction between the two that is the trading charge for the equity options is more than the currency options.
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IFCI Financial Account Opening Charges
You have to pay the IFCI Financial Account Opening Charges because this charge assure that you can execute your trading without any monetary obligation.
|Trading Account Opening Charges [One Time]||Rs.599|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.229|
|Demat AMC [Yearly]||Free|
|Margin Money||Minimum Rs.1,000|
|Brokerage Calculator||IFCI Financial Brokerage Calculator|
|Margin Calculator||IFCI Financial Margin Calculator|
The IFCI Financial AMC Charges are designed in a systematic way that means you don’t have to be a tussle with both the yearly and one time charges.
Like the IFCI Financial Trading Charges for the one time is completely free for the users, but the yearly annual maintenance charge for the trading account is free each year. Again it is the modesty of the company that have kept the yearly charge of the demat account as free.
But on the other hand, they have fixed a reasonable amount for the one- time demat which is Rs.229. Additionally, you don’t have to brainstorm regarding the ceiling amount as the company is too liberal with the amount because it charges only Rs.1000.
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IFCI Financial Transaction Charges
As per the brokerage regulation declared by the national stock exchange and the Bombay stock exchange the traders have to pay the transaction charge. In that regard, check out the IFCI Financial Transaction Charges from the below table.
|Transaction Charges 2019||0.00317%|
Indeed it is luck to experience a trading platform from the stock broking company who is advanced and promise to stand by its words.
In that regard, the stock broking company IFCI Financial always designs the transaction charge which is a charge you need to pay for continuing the buying and selling of stocks on the trading platforms.
Therefore, the IFCI Financial charges for the equity future, intraday, delivery, equity options, Currency futures, options and the commodity trading is 0.00275%. Thus, don’t worry as the professional broking company would never charge you more as per the direction of the SEBI.
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IFCI Financial Other Charges
The IFCI Financial charges are levied to stay at par with the regulations of the trading market.
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% of Total Turnover|
|Stamp Duty||0.002% – 0.004% – Depends on State|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.50 per Segment|
|Account Closure Charges||Zero|
The securities Exchange Board of India follows its own set of brokerage pricing terms and all other stock broking companies need to follow that very diligently. For example you will see that the IFCI Financial Other Charges for the SEBI is 0.0002% on the complete turnover.
On the other hand, they do ask 0.0126% on the whole turnover for the STT. But yes, besides these Good and Services value tax is also levied, which inclusively demands 18%. Moreover, stamp duty is mandatory but the rate for that is nothing fixed as it solely depends on the decision of the state.
However, as a trader you need to be very alert with the reactivation and account closing charge as well. This is because in any case you have to offer Rs.75 and Rs.50 respectively.
However you cannot miss the dematerlization rate as well if you want to get the electronic copies of the shares, but for that just pay Rs.25. If you are fine with margin funding expenditure then be assured to pay 18% that including the GST.
IFCI Financial Charges – Conclusion
The prospective company IFCI financial offers all types of financial privileges to the clients along with a convenient trading platform as well. Additionally it is their reputation and pride that made them the most sought after in the broking domain.
In fact, each of their trading products are a result of extensive research, therefore you should not hesitate to experiment on the different niche. Additionally, find out the charge in regards to the IFCI Financial Charges as well as IFCI Financial Demat Charges.
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