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Peerless Securities is another leading market player, with some great deal of competitive offering list. The products and services they provide are highly in demand and each of such financial offering is subject to Peerless Securities Charges.

This is where we aim to provide you the correct information on the Peerless Securities Brokerage Charges. We have included all the charges right from the account opening charges, to brokerage to the government charges. Mark out the ones you know, and note down the ones you don’t.

Peerless Securities offers

Peerless Securities Brokerage Charges

Crucial information on the Peerless Securities Brokerage is provided below, ensure you look out for the segment you invested in.

Equity Delivery0.51%
Equity Intraday0.05%
Equity Futures0.05%
Equity OptionsRs.51 per Lot
Currency Futures0.05%
Currency OptionsRs.31 per Lot
Flat Monthly Fees, if anyNA

Peerless Securities Charges

Before we start with the Peerless Securities Brokerage Charges discussion, we would like to educate you over our brokerage calculator.

It is a tool we devised to help you out each time you place a trade. It has all the charges embedded and each of the amounts will be displayed to you including the profit.

So, you can easily know what how profitable a trade is. Moving onto the brokerage charges, the charge are about average. First and most popular format of trading, delivery trading has a brokerage charge of 0.51%. Equity options has a charge of Rs.51 per Lot and currency option Rs.31 per Lot.

The next bunches of charges are intraday, futures, currency futures and commodity, all of which have the same 0.05% charge. Plan on investing with the company and try out our calculator as well.

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    Peerless Securities Account Opening Charges

    Keep your account functional and maintained by paying the Peerless Securities Account Opening Charges and AMC.

    Trading Account Opening Charges [One Time]Rs.254
    Trading AMC [Yearly]Free
    Demat Account Opening Charges [One Time]Rs.510
    Demat AMC  [Yearly]Free
    Margin MoneyMinimum Rs.10,100
    Brokerage CalculatorPeerless Securities Brokerage Calculator
    Margin CalculatorPeerless Securities Margin Calculator

    It is easy to open an account with this stock broker, especially now that technology took over. Clients can opt for the online procedure where filling up a form will grant you an account. But, there are certain charges you need to pay, as goes the norms of the stock market.

    However, a company can choose to waive it off or keep it a significant low amount. As per the personal choices and its concern for esteemed clients, this company has waived off the account opening charges for both demat and trading accounts.

    On the other front, the Peerless Securities AMC Charges for one category is applicable. The Peerless Securities Trading Charges is a mere Rs.510, which will be deducted once every low. The margin maintenance may be a issue here, as it is a high amount of Rs.10,100.

    Find Account Opening Charges of other Stock Brokers

    Peerless Securities Transaction Charges

    Frequent or less frequent trader, you need to pay Peerless Securities Transaction Charges as given below.

    Transaction Charges0.00315%
    Equity Delivery0.00315%
    Equity Intraday0.00315%
    Equity Futures0.00315%
    Equity Options0.085% (Premium only)
    Currency Futures0.00305%
    Currency Options0.085% (Premium only)

    Transact in a way you like, for instance, you may choose to be an active trader or not so frequent trader. This however doesn’t impact the Peerless Securities Charges applicable. The above mentioned percentage is the transaction fee, and is a minute portion of the entire charge list.

    We urge you to not know of this charge as well, as it features in every trade order you place. Keeping the segment might distinction aside, the charge of 0.00315% in constant through all the segments.

    Find Transaction Charges of other Brokers

    Peerless Securities Other Charges

    The final set of Peerless Securities Charges including government charges, including GST as given below.

    SEBI Turnover Charges0.0002% of Total Turnover
    STT0.0126% of Total Turnover
    Stamp Duty0.002% – 0.004% – Depends on State
    GST18% of (Brokerage + Transaction Charges)
    Margin Funding Charges18% + GST
    Reactivation ChargesRs.45 per Segment
    Account Closure ChargesZero
    Dematerialisation ChargesRs.45

    We wish to remind you of the additional government Peerless Securities Other Charges. They are as well levied on every trader order, and so, you need to know how much of the overall charge you will pay. Categories from the government charges are SEBI Turnover Charges, STT, stamp duty and GST as well.

    Contrarily, the applicable account closure charge is Rs.50 per segment and reactivation charge is Rs.55 per segment. Dematerialisation charge of Rs.44 is a final add on to the list of charges.

    Peerless Securities Charges – Conclusion

    If you wish to enjoy the most from stock market, you need to know how the Peerless Securities Charges work. Knowing about all the Peerless Securities Demat Charges will let you construct some great strategies to ensure profit margins are attained irrespective of the huge number of charges.

    If you wish to know the rate threshold, they are at par with the industry average rates. They do not take up a major share of your profits.

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