India Infoline / IIFL Charges – Find Brokerage Charges, Account Opening Charges and more
In this article, we are going to cover all details regarding India Infoline / IIFL charges. Whether you need information of IIFL Brokerage Charges, account opening charges, transaction charges or other charges that levied by the government.
Here, we have comprehended every charges that levied by India Infoline itself.
India Infoline / IIFL Brokerage Charges
Find below information of India Infoline brokerage charges:
|Equity Delivery||Rs 0 (Free)|
|Equity Intraday||Rs 20 per order|
|Equity Futures||Rs 20 per order|
|Equity Options||Rs 20 per order|
|Currency Futures||Rs 20 per order|
|Currency Options||Rs 20 per order|
|Commodity||Rs 20 per order|
|Flat Monthly Fees, if any||NA|
India Infoline is charging 0 as a brokerage fee for equity delivery while for equity Intraday, equity futures and currency futures, the broking house charges Rs 20 per order.
For currency options and equity options the brokerage charges are Rs 20 per order
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India Infoline / IIFL Account Opening Charges
Get details about demat and trade account opening charges levied by IIFL or India Infoline:
|Account Opening Charges|
|Trading Charges [One Time]||Rs 0 (Free)|
|Trading AMC [Yearly]||Rs 0|
|Demat Charges [One Time]||Rs 295|
|Demat AMC [Yearly]||Rs 0 (Free for 1st year)|
|Margin Money||75% Margin|
India Infoline trading account opening charges are free and Rs 295 for demat account opening charges. There is no maintenance fee for trading account, but demat account holders have to pay Rs.450 as a demat account maintenance charges from second year, where first year is free from such charge.
The clients can start their trading with 75% margin money.
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India Infoline or IIFL Transaction Charges
Below mentioned table gives you information about transaction charges of IIFL or India Infoline:
|Equity Delivery||Rs 225 per Cr (0.00225%)|
|Equity Intraday||Rs 225 per Cr (0.00225%)|
|Equity Futures||Rs 210 per Cr (0.0021%)|
Rs 5100 per Cr (0.051%) (on premium)
|Currency Futures||Rs 210 per Cr (0.0021%)|
Rs 5100 per Cr (0.051%) (on premium)
|Commodity||Group A – Rs 280 per Cr (0.0028%)|
Individuals who likely to trade in equity delivery, equity intraday they need to pay 0.00225% as a transaction charges levied by India Infoline.
For equity futures and currency futures transaction charges are 0.002100%. And for equity options and currency options on premium 0.051%. The commodity transaction charges 0.002800 respectively.
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IIFL Other Charges
Get detailed of various other charges levied by India Infoline:
|IIFL Securities Other Charges|
|SEBI Turnover Charges||0.00005% (Rs.5/Crore)|
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: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
18% on (Brokerage + Transaction Charge + SEBI Fee)
|Margin Funding Charges||NA|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||Rs 20 per instruction|
|Dematerialisation Charges||Rs 17.7 per certificate|
|Pledge Creation||Rs 10|
|Pledge Invocation||Rs 10|
|Margin Pledge/Unpledge/ Pledge closure||Rs 15|
|Margin Repledge||Rs. 12.5 + Rs. 12.5 (Rs. 25 per scrip)|
- The SEBI turnover charges is Rs.5 per crore and it is charged on both buying and selling sides.
- The STT is 0.0126% of total turnover.
- Stamp duty is charged by the state government is between 0.002% – 0.004%. Different state have different stamp duty
- The GST is charged by the government and is 18% of ( brokerage charges + transaction charges ).
- There are Rs. 20 per segment account closure charges.
- The reactivation charges levied by the India Infoline are Rs. 20 per segment.
- The dematerialisation charges are Rs. 17.7 only.
IIFL Brokerage Charges FAQ
Ques – Does IIFL Charge Brokerage?
Answer – Yes, IIFL does indeed charge a brokerage fee for investment in any financial segments. There are only couple of stock brokers in the market, who do not charge anything for brokerage. IIFL is however not included in the list, and it charge brokerage on a per rate basis, excluding the segment – Equity Delivery.
Ques – What is IIFL Brokerage Charges?
Answer – To successfully place a trade order, in any financial instrument, you need the assistance of a stock broker, in return they charge brokerage. IIFL Brokerage plan includes free for Equity Delivery, Rs.20 per order or 0.05%, whichever is lower for Intraday, Futures, Currency Futures and currency Options, and Rs.20per order for Equity Options.
Ques – What is Intraday Brokerage of IIFL?
Answer –IIFL has plans to attract more and more investors and traders into intraday trading, both experienced and also newbies. In this attempt, they have decided to keep the brokerage rate of this segment low, i.e. 0.05% or Rs.20 per order, whichever is lower.
Ques – What other Charges levied by IIFL?
Answer – There are a bunch of other charges levied by the company other than brokerage, i.e. the AMC, account opening charge, margin amount, and other miscellaneous charges such as account closure, reopening, margin funding and others. Also, there are transactional charges, STT, Stamp Duty, turnover charges, GST, and government charges.
Ques – Is IIFL a discount broker?
Answer – IIFL is not a discount broker, but rather a full service broker who provide end to end financial solutions for its customers. They carry all the stock broking services including research and analysis services and provide them to their clients through sub brokers or online channels.
Ques – Does IIFL have Free Delivery?
Answer –Yes, the equity delivery segment is provided to the clients for investment free of cost. To match with the current market trend, the broker has waived off any such charge for this segment.
Ques – How much IIFL Charge for Options?
Answer – As does any other segment, investing in options attract a brokerage charge as well. Particularly, investing with this stock broker, you can invest in the segment Equity options for Rs.20 per order or currency options for 0.05% or Rs.20 per order, whichever is lower..
Ques – What are IIFL Transaction Charges?
Answer – For every trade order that you pay, you need to pay a transaction charge to your stock broker. However, transaction charge when commuted, sums up to a pretty tiny amount, though it is necessary you stay accounted to it. 0.00225% is levied for Delivery and intraday. 0.002100% is levied on Futures and Currency Futures. 0.051% on premium on Options and Currency Options, finally 0.002800% on Commodity.
Ques – What is the Demat AMC in IIFL?
Answer –Another charge you are obligated to pay is the AMC or account maintenance charge which is taken for the purposes of holding a demat account. You are required to pay a charge of Rs.250 per annum all the while you hold a demat account with IIFL or India Infoline, but the first year is free of any charge.
Ques – Is IIFL Brokerage Free?
Answer – IIFL does follow one policy, where it waives off the brokerage as a whole. We mean to say, it has waived off the Equity Delivery fee, which is basically done by a lot of stock brokers, including the market leaders.
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