VNS Finance Charges – Find Brokerage Charges, Account Opening Charges and more

This article is meant to grant all the information on one of the VNS Finance top selling aspects. We’re referring to VNS Finance charges. Thus, we’ll discuss in detail about VNS Finance Demat Charges, Trading Charges and a lot more. As a matter of fact, you may consider this article as a review of the same.

Anyway, the broker is little known for all its contributions to the national exchanges. As a consequence, people often tend to overlook their achievements and, that takes away a grand opportunity from them to profit from. That’s why we decided to curate this very article.

So, tighten up your proverbial seat belts and, prepare yourself to be amazed by the offers of this amazing full service broker!

VNS Finance Brokerage Charges

The table beneath this section is a projection of VNS Finance brokerage. The layout is simple and straight forward. The first column has rows dedicated to a particular aspect of the entire brokerage plan and, the relevant rate of brokerage is presented within the rows of the second column. So, just take a look and fetch all you can:

VNS Finance brokerage charges involve commissions for seven different services. The table opens at brokerage value allocated for Equity Delivery trading.

These services require a brokerage worth 0.24%. The charge must be paid per transaction. Then, we have a brokerage rate worth 0.02%. This one is applicable to four different service segments.

We’re referring to Equity Intraday, Currency Futures, Equity Futures and Commodity trading. Then we have the services concerning Equity Options Trading. These require a brokerage worth Rs.24 per lot. All services pertaining Currency Options trading however, require a payment worth Rs.15 per lot.

Minimum required brokerage depends on the percentage of transaction. However, a minimum Margin Balance is required. This is limited to Rs.2,000. The broker does not charge any Trading AMCs. However, the Demat AMCs are levied at Rs.240 per annum.

Get a Call back from VNS Finance – Fill up the form Now!

VNS Finance Account Opening Charges

The table below has everything on VNS Finance Account Opening charges. It is compiled in a rather simple manner. However, we even have the proper explanation to it right below as well. So, go ahead and take a look:

VNS Finance trading charges are absolutely non-existent. This is because the broker is not interested in incurring it at all. The broker even exempts its traders from Trading AMCs. A Demat Charge must be paid nonetheless. This is limited to Rs.240. This is a one time applicable charge.

However, the clients must bare VNS Finance AMC charges regarding Demat and, this one is levied at Rs.240 per annum. You must understand that these charges are only for the sake of Demat Accounts.

This means that they have no relation to the overall brokerage whatsoever. In fact, they do not even have any role in transaction charges either.

Find Account Opening Charges of other Stock Brokers

VNS Finance Transaction Charges

Transaction charges are perhaps the most literal charges in the entire broking industry. They are incurred upon every transaction. So, the clients need to bare these irrespective of their motive of transaction. We happen to have an entire table dedicated to VNS Finance transaction charges right below:

VNS Finance tends to follow all major market trends and, this is well portrayed within many of their charge incursion patterns. As a matter of fact, even VNS Finance transaction charge list resembles this pattern. They tend to levy these charges at a similar rate. This means that each of the trade related transactions include these.

The rate at which these charges are incurred is 0.00324%. And, as you can see within the table above, it is applicable on all trade types unanimously. So, every trade including Equity Intraday, Commodity, Currency futures, Currency Options, Equity Delivery, Equity Options and Equity Futures includes this charge.

Find Transaction Charges of other Brokers

VNS Finance Other Charges

The government seems to have many rules regarding broking services. A lot of these rules even require the incursion of certain charges. In fact, the chart below shows exactly how VNS Finance charges these taxes:

VNS Finance other charges list is composed of eight sets of charges. The very first set of tax described within the list is that for SEBI Turnover Charges. This is incurred at a value of 0.0002% of total turnover.

The next tax is incurred under STT. This is more often conveyed as Securities Transaction Tax and, it is charged at a rate of 0.0126% of total turnover.

The third description within the list is that of Stamp Duty. This is a variable amount. In fact, it depends on which state the transaction occurs from.

The list then describes GST. This is 18% over all transaction and brokerage charges. And, the final set of tax description within the list is that for Margin Funding. This is provided with 18% + GST.

Coming down to the second category, we have Reactivation Charges. These are applied at Rs.45 per segment. And, they’re only applied if a trader chooses to close down and then reopen a few trade segments.

This brings us to the Account Closure Charge that is zero. We finally have the Dematerialization Charges. These are charged at Rs.45.

VNS Finance Charges – Conclusion

VNS Finance is little known gem in the financial broking and advisory industry. The broker serves along the country with over 480 branches. Now, that’s a really big chain of well established broking branches and, the broker uses this chain to offer expertise, brokerage and platforms pertaining to stock trading and more.

They came into the picture in the year 1995. That makes the broker around 25 years old. They have their head office located within the city limits of Kanpur and, they’ve clearly grown quite well under the guidance of their founder. We’re referring to Vijay Kumar Singhania.

We’re at the end of the article and, you’re well aware of how VNS Finance charges for several trade attributes. That covers everything from VNS Finance’s Demat Charges to Dematerialization Charges. So, it is totally upto you now to decide whether you like the broker or not.

Nevertheless, we must confess that this article is totally unbiased. We always want the best for our readers. So, keep on reading articles and let us know how you feel about them!

Open Demat Account with VNS Finance – Fill up the Form Now!

 Most Read Articles