Progressive Share Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 19, 2022Find your ideal stock broking company after you check out the Progressive Share Charges. You will have an idea of how worthy of investment this company is, by the end of the article, and also if it is your ideal company. We did your part of the research work.
Based on the research, we have lined up all the Progressive Share Brokerage Charges. The charges are not limited to only the brokerage, where a transaction comprises of a lot of other charge. We have partitioned all the charges to educated you in a simple and well defined fashion.
Progressive Share Brokerage Charges
Observe all the segments the company provides and the rate of Progressive Share Brokerage tagged to each segment.
| Equity Delivery | 0.35% |
| Equity Intraday | 0.04% |
| Equity Futures | 0.04% |
| Equity Options | Rs.35 per Lot |
| Currency Futures | 0.04% |
| Currency Options | Rs.15 per Lot |
| Commodity | 0.04% |
| Flat Monthly Fees, if any | NA |
So, when you plan to take up investing journey with Progressive Shares, you will have a bunch of investment options.
You are free to choose any format of trading you feel compatible to invest in. Each of the segments has different traits to suit the need of all the sections of the society,
Now, each and every segment you choose has an entitled Progressive Share Brokerage Charge. The most highly structured format is the delivery trading, with a charge of 0.35%. The next bunch of segments are equity intraday, equity futures, currency futures and commodity, a have the same charge of 0.04%.
The final asset classes are equity options and currency options. The former has the charge of Rs.35 per lot, while the latter has a charge of Rs.15 per lot. For quick commutation, refer to our brokerage calculator.
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Progressive Share Account Opening Charges
Firstly occurs the Progressive Share Account Opening Charges, at the time of availing for the account, and they are stated below.
| Trading Account Opening Charges [One Time] | Free |
| Trading AMC [Yearly] | Free |
| Demat Account Opening Charges [One Time] | Rs.250 |
| Demat AMC [Yearly] | Rs.250 per Annum |
| Margin Money | Minimum Rs.5,100 |
| Brokerage Calculator | Progressive Share Brokerage Calculator |
| Margin Calculator | Progressive Share Margin Calculator |
It is through demat and trading account that you get to trade in the segment you like. However, each of the two accounts has certain charges you pay along the course of time you hold them. The first one is the account opening charge, where the company takes a one time fee for availing it.
The account opening charge for the demat account is Rs.250 whereas it is Rs.300 for the trading account. The next type of charges you should consider are the Progressive Share AMC Charges. The AMC for the demat account is Rs.250, which should be paid once every year.
On the contrary, the company has waived off the Progressive Share Trading Charges for account maintenance. So, you will not be asked to pay anything in order to have it. Lastly, the margin amount you need to maintain in your account is Rs.5,100 which falls in the economic category,
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Progressive Share Transaction Charges
The Progressive Share Transaction Charges co exist with other charges, so keep up with the pace through the table we provided.
| Transaction Charges | 0.00299% |
| Equity Delivery | 0.00299% |
| Equity Intraday | 0.00299% |
| Equity Futures | 0.00299% |
| Equity Options | 0.00275% |
| Currency Futures | 0.00305% |
| Currency Options | 0.00275% |
| Commodity | 0.00299% |
Paying the brokerage and account related charges will not exempt you from paying other set of charges. It is because there are other sets of charge you need to pay. The major ones have already been discussed, and one of the minute Progressive Share Charges is the transaction charge.
So, all the segments that you invest in, you are obligated to pay a transaction charge of 0.00299%. If you commute the transaction cost, you will witness how minute it is yourself.
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Progressive Share Other Charges
Final set of Progressive Share Charges arising are in context with the government.
| 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 |
| Dematerialisation Charges | Rs.44 |
The last charges list you are obligated to pay is the government related Progressive Share Other Charges. They make up the SEBI turnover, STT, stamp duty and the GST charges. Three of the charges are fixed whereas the stamp duty changes as per the state.
Also, if you wish to close your account you have to pay Rs.50 per Segment, reactivating will bear a charge of Rs.55 per Segment. Lastly, dematerializing will cost you Rs.44 and you need to pay them accordingly.
Progressive Share Charges – Conclusion
Investing in the stock market may sound easy, but there are a lot of strategies which collectively make up to the profit. If you aspire to reach the profit threshold, you need to have the Progressive Share Charges sorted. Account related Progressive Share Demat Charges should be paid off at due time.
Paying of all the charges would first make your trading experience seamless. Secondly, if you know the charge beforehand you will be able to evaluate the possible profit from each trade. This spares you the probability of facing loss from transactions.
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