We’ve used this article to review one of the major aspects of the company’s business Yes Securities Charges. So, as you read ahead, you’ll get all the information related to Yes Securities Brokerage Charges, Trading Charges, Demat and other charges.
Yes Securities belongs to the new crew of full service brokers. It came into existence under the leadership of Prasanth Prabhakaran Eledath. It was incorporated in 2013 within the legal premises of Mumbai, Maharashtra. The broking house provides the traders and investors with a 3-in-1 account.
The company has permissions from SEBI to operate under NSE and BSE. It provides services related all fields of financial advisory and assistance except Forex. The company has some good online trading platforms to offer. But they aren’t its biggest achievements.
Yes Securities Brokerage Charges
One of the diversified fields within this article is Yes Securities brokerage.
|Equity Options||Rs.51 per Lot|
|Currency Options||Rs.31 per Lot|
|Flat Monthly Fees, if any||NA|
Yes Securities Brokerage charges, as you can see within the table above, are a matter of the services offered.
The company levies a different set of charges for each service they provide. To begin with, the company caters services related to Equity Delivery Trading.
These services are provided at a rate of 0.51% per trade. The company then levies a charge worth 0.05% for Equity Intraday, Commodity Trading, Equity Futures and Currency Futures Trading services. Rs.51 per lot is charged as Equity Options Trading services.
The company has no specific rules as to maintain any minimum brokerage. In fact, it totally depends on the trade values. To top that off, the company grants free Trading AMC. They do however; require a sum of Rs.350 per annum for Demat AMC.
They even require their clients to maintain a minimum Margin value at Rs.15,000. The above table grants the basic idea about how each service is charged for. However, it is always better to use the Yes Securities Brokerage Calculator for precise brokerage value calculations.
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Yes Securities Account Opening Charges
You can totally get the hints of how Yes Securities Account Opening Charges are levied. All you need to do is have a simple glance at the table presented below.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.400|
|Demat AMC [Yearly]||Rs.350 per Annum|
|Margin Money||Minimum Rs.15,000|
|Brokerage Calculator||Yes Securities Brokerage Calculator|
|Margin Calculator||Yes Securities Margin Calculator|
As per the table above, it’s pretty obvious that Yes Securities AMC Charges work differently than Yes Securities Trading Charges. These charges are even known by the name of Annual Maintenance Charges. These are levied as per the use of the company’s platforms rather than services.
Anyway, Yes Securities does not charge anything in terms of Trading Account Opening or AMC. However, they do have a policy to charge Rs.400 for Demat Account Opening.
They even require Rs.350 per annum to be paid as Demat AMC. Moreover, the clients must even maintain a minimum Margin Money balance worth Rs.15,000.
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Yes Securities Transaction Charges
We have showcased all of Yes Securities Transaction Charges in the table below.
|Transaction Charges 2019||0.00321%|
Yes Securities charges, in terms of Transaction are levied on a uniform manner. They simply levy a charge worth 0.00321% per transaction for all of their services.
By all we do mean, Currency Options, Equity Options, Equity Delivery, Currency Futures, Equity Futures, Equity Intraday and Commodity Trading services.
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Yes Securities Other Charges
There are certain Yes Securities charges that are levied apart from the usual brokerage. These charges refer to the taxes as established by the government.
You can get the complete description of these charges with ease. All you need to do is have a proper understanding of the table mentioned 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.45 per Segment|
|Account Closure Charges||Zero|
If you merely take a glance at the table, you’ll notice SEBI Turnover Charges at the top. This charge is imposed on the clients at 0.0002% of total turnover. Then comes the STT or the Securities Transaction Tax. This one is levied at a value worth 0.0126% of total turnover.
The company even levies a GST. This charge is however, levied at a rate of 18% over the sum of total brokerage and transaction charges. Another 18% + GST is applied to the Margin Funding. The last form of tax collected by the company is Stamp Duty.
This is levied as per the state laws. The Account Closure Charges are levied at a rate of Rs.50 per segment. The Account Reactivation charges are worth Rs.55 per segment. Lastly, you can see that the Dematerialization Charges are levied at Rs.44. However, this one is a onetime payment.
Yes Securities Charges – Conclusion
We have told you all about Yes Securities Charges. You know how Yes Securities Demat charges are levied. You even understand about their Trading charges and other brokerage.
Now, all you need to do is decide whether to use their services for yourself or not. We can help you with that as well. You only need to follow some other articles we’ve developed about the company.
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