This article is dedicated to explain all of KR Choksey Charges. We’ve covered all the charges they incur including KR Choksey Brokerage Charges, Trading Charges and other applicable taxes.
This article will help you to understand how these charges are levied. Thus, you can prepare your trading and investment budget likewise.
KR Choksey is a gigantic name in stock broking industry. The company was established in the year 1979 in Mumbai. Kisanbhai R. Choksey brought it to existence and led the company for many years. Today, it operates under membership from BSE, NSE, MCX and NCDEX.
K R Choksey Brokerage Charges
We’ve tried to present all of KR Choksey brokerage prices in an understandable format within the table below.
|Equity Options||Rs.22 per Lot|
|Currency Options||Rs.22 per Lot|
|Flat Monthly Fees, if any||NA|
KR Chosey broking charges can be quantified as per transaction basis.They charge around 0.22% worth brokerage for Equity Delivery trading.
Their services related to Equity Intraday, Equity Futures, Currency Futures and Commodity Trading come at a brokerage of 0.02% per transaction.
They charge Rs.22 per lot for Equity Options and Currency Options services. They do provide free AMC for Demat Accounts. However, a charge of Rs.450 is applied for Trading Account AMC.
Moreover, their clients must have a minimum Margin Money balance worth Rs.20,000.
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K R Choksey Account Opening Charges
All of KR Choksey Account Opening Charges are mentioned within the table below.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Rs.450 per Annum|
|Demat Account Opening Charges [One Time]||Rs.300|
|Demat AMC [Yearly]||Free|
|Margin Money||Minimum Rs.20,000|
|Brokerage Calculator||Kr Choksey Brokerage Calculator|
|Margin Calculator||K R Choksey Margin Calculator|
Now that you know about KR Choksey Trading Charges it’s time to move ahead. This part concerns the KR Choksey AMC Charges. As you can see within the table, they do not charge any money for Demat Account AMC. However, a charge of Rs.300 is applicable for Demat Account opening.
On the other hand, their Trading Account is free to be opened. However, it requires the clients to pay Rs.450 as Trading AMC. People trading with KR Choksey are even required to maintain a certain amount as Margin Money. In fact, the company is really strict about it. They require the traders to have at least Rs.20,000 in this matter.
Our brokerage calculator will guide you through all the charges and profit for each transaction you commence.
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K R Choksey Transaction Charges
We’ve displayed all of KR Choksey Transaction Charges for you to view, in the table.
|Transaction Charges 2019||0.00283%|
KR Choksey is aware of the competition they face. That’s why they always tend to place themselves amidst the market trends. This is one of the major reasons why they have a uniform Transaction Charge. They levy 0.00283% worth charge per transaction for all of their trading services.
The list includes Commodity, Currency Options, Currency Futures, Equity Intraday, Equity Delivery, Equity Options and even Equity Futures trading services. This is yet another fact that helps to keep a track of all the KR Choksey charges.
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K R Choksey Other Charges
KR Choksey charges their clients in a clubbed manner. This includes all of their brokerage and some other taxes. The table underneath registers all taxes levied by the company. We’ve elaborated the charges in the table below.
|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||Rs.50 per Segment|
KR Choksey other charges include taxes levied by the state and central government. These taxes are a matter to change as per annual budget. However, they often go untouched for several years. The table above tells about the taxes that are levied by the company on behalf of the government at present.
It includes SEBI Transaction Charges. This is levied at a rate of 0.0002% of total turnover. Then comes the STT or Securities Transaction Tax. This is levied at a rate of 0.0126%. Next in line is the GST. This is charged at 18% on the sum of brokerage and total transaction charges paid.
A charge of Rs.55 per segment is applied in the form of Account Reactivation. However, the Account Closure Charges are limited to Rs.55. The company takes another 18% + GST over Margin Funding. They even levy Rs.44 in terms of Dematerialization.
KR Choksey Charges – Conclusion
We’ve enlisted all of KR Choksey Charges within this article. We told you about KR Choksey Demat Charges, Trading Charges, Brokerage and other applicable charges in detail.
However, you must understand that these charges are a subject for change as per the company’s will and / or government policies. Having said that we must even assure you that we’ll keep you updated in times it all happens.
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