At this very moment, we’re concerned about Vrise Securities Charges. Hence, we’ll use this article to review the same. So, be prepared to amass some info on Vrise Securities Demat charges, Trading charges and other charges. We’ll even cover all the transaction charges they incur upon their clients. So, let’s begin without any further delay.
It even has one of the biggest networks of such branches in the nation. We’re talking about a network of over 380 branches. In fact, the broker is celebrated for this feat.
However, this is still just the tip of an iceberg. The broker has much more to offer and, we’d love to explore its offering thoroughly some other time.
Vrise Securities Brokerage Charges
Vrise Securities brokerage is a very significant part of this article. That’s why we have a table dedicated to it and, we’ve tried to elaborate every aspect of it even beneath the table. So, just take a look at the table to get a better insight:
|Equity Options||Rs.36 per Lot|
|Currency Options||Rs.36 per Lot|
|Flat Monthly Fees, if any||NA|
Vrise Securities brokerage charges are incurred in a specific manner. They are specific to the set of service provided and, this can easily be concluded from a glance at the table above.
We have the description of their brokerage incursion on Equity Delivery at first. This trade domain is levied with a charge value worth 0.36% per trade.
The next incursion is made on four other set of services. The rate at which the brokerage is incurred for this matter is limited to 0.04%. Even this charge is incurred on per trade manner and, the recipient services for this brokerage rate are Commodity, Currency Futures, Equity Futures and Equity Intraday.
The broker levies a charge worth Rs.36 per lot over Equity options Trading. They even have the exact incursion rate fixated for all services regarding Currency Options Trading. The minimum brokerage required is a variable amount.
This is because it depends on the percentage of transaction. Although, the Margin Money must be maintained at a minimal of Rs.1,000. Traders are even charged with Rs.2250 per year for Demat AMCs. However, they are allowed to use their Trading Accounts without any charges whatsoever.
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Vrise Securities Account Opening Charges
The table underneath will provide you relevant information on Vrise Securities account opening charges. It is presented in a simplistic manner. However, we still have a section dedicated to the table’s explanation right below. So, take a glance at it and absorb as much as you can:
|Trading Account Opening Charges [One Time]||Rs.330|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Free|
|Demat AMC [Yearly]||Rs.250 per Annum|
|Margin Money||Minimum Rs.1,000|
|Brokerage Calculator||Vrise Securities Brokerage Calculator|
|Margin Calculator||Vrise Securities Margin Calculator|
The table is a depiction of all account opening charges incurred by Vrise Securities and, you’ll find Vrise Securities very considerate in this matter. The first slot is granted to Vrise Securities Trading Charges and, you can easily see that no incursion is made for this.
Next slot is granted to Vrise Securities AMC charges for Trading. The table suggests that even this service is provided for free. The broker provides Demat registration for free as well. However, there is a price tag attached to Demat AMCs. The clients need to pay a sum of Rs.250 per year for this aspect.
Also, they must even maintain their Margin Limits at a minimum of Rs.1,000.
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Vrise Securities Transaction Charges
The table below is a compressed version of Vrise Securities Transaction Charges. It typically has six discrete segments and, each of them shows the price tag attached to a trade type. Anyway, here’s the table:
|Transaction Charges 2019||0.00314%|
Vrise Securities charges pertaining transactions are usually laid out. Each of the charge incurred for a specific service resembles the other. This means that all transaction charges are levied at a same rate and, the rate is limited to 0.00314% per transaction.
Do mind that this rate is applicable on all services including Equity Intraday, Commodity, Currency futures, Currency Options, Equity Delivery, Equity Options and Equity Futures includes this charge.
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Vrise Securities Other Charges
Vrise Securities charges these taxes along with a few other charges. These charges are relevant to the broker’s platforms usage clauses:
|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||Zero|
As mentioned earlier, the table above is a depiction of Vrise Securities other charges. Moreover, the entire table can be segmented into another two formats. The first includes all charges under the tax category.
However, the second one resembles the charges required for certain platform usability allowance. Anyway, the first set of incursion is done as SEBI Turnover Charge. This is levied at 0.0002% over total turnover.
The second form of tax is incurred as STT. This is even known as Securities Transaction Tax. The rate for its incursion is 0.0126% over total turnover. We then have the Stamp Duty at the third position. This one is not charged at a fixed rate. On the contrary, it varies from state to state.
The fourth segment depicts the rate of incursion for GST. This one is charged at 18% over all transaction and brokerage charges. Even the Margin Funds are charged with 18% + GST.
We then have an incursion of Rs.45 per segment for Account Reopening. This is not charged unless one wants to reopen a previously closed account. The Account Closing charges are zero nonetheless and, Dematerialization is provided at Rs.45 flat.
Vrise Securities Charges – Conclusion
We really do not have any more stuff to share about Vrise Securities. We’ve already justified Vrise Securities Demat Charges, Taxes and Trading Taxes.
We’ve elaborated the broker’s transaction charges and, the article even speaks a lot about how Vrise Securities charges the account opening charges. So, there’s really nothing left for us to say.
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