Geojit Finance Intraday Trading – Benefits, Process, Charges, Margin & more

This article will take you through all that you need to know about Geojit finance Intraday Trading. Geojit Finance originally started its operations in 1987.

It is a Kerala-based company which has around 470 offices in India and has a significant presence in the Middle East as well. They have more than 10 lakh customers across the country being serviced by offices in 19 cities & 2 Union territories.

After joining hands with BNP Paribas, the company has seen a tremendous upward movement and a spike in their overall turnover. This has been possible due to their focus on some radically designed products for their customers.

One of their key segments, Geojit Finance Intraday Trading, is something that every trader can vouch for. They surely offer a cutting-edge experience in this segment.

They have come up with some great offers and benefits for customers in their Intraday Trading services. Let’s have a look at them in detail.

Geojit Finance Intraday Trading & Benefits

Regular trade and Intraday Trading are quite different from each other and we shall talk in detail about them in this article. But first, let’s talk about what benefits you will get with Geojit Finance Intraday Trading Account:

• Unlike other competitors, Geojit Finance offers free Trading Accounts as well as Demat Accounts. Yes, there are no account opening charges whatsoever for either of them.
• Low Brokerage charges are an added advantage to your pocket.
• There is comfort and ease in working with a leading market player and a pioneer in the industry. Geojit Finance has been the First Mover in a lot of aspects – they were the first ones to launch Internet trading.
• An Array of products to choose from makes investment solutions better and more flexible.
• Being a High-tech organization, their inclination towards technology is inevitable. The world-class trading platforms that they have deployed for smooth trading have been phenomenally appreciated and accepted by their customers.
• The research team brings to you some amazing Geoji Finance Intraday tips which can help you build a corpus even with the least experience.
• Being a company which is more than three decades old in the Stockbroking business, Geojit Finance is a trusted name and you are sure to get the best assistance from them.

Open Geojit Finance Trading Account Now! – Fill up the Form

How to do Intraday Trading in Geojit Finance?

As a practice, people who are first-timers in the stock market industry wouldn’t directly jump into the Intraday Trading field; however, with Geojit Finance you can rest assured as you will get complete assistance regarding that.

From account opening to getting you started with Intraday trading in Geojit Finance, everything will be an assisted approach by the Geojit team. You will also get post-account opening assistance in the form of Stock tips and recommendations from the experts.

With Geojit Finance, opening an account is a very simple step-by-step process. We have listed down all the details for you:

Process

1. First and foremost, you will need to get your KYC (Know Your Customer) form filled out as per the SEBI governance. In case you are not an existing member of any other trading organisation and are first a timer in trading, then Geojit will get your KYC formalities also done along with the account opening.
2. For opening a trading account with Geojit Finance, you need to first fill up the entire Client registration form and upload your KYC documents (if not already registered).
3. Once you are successfully registered, you will receive the client kit which will include your Trading user id and password and PIN number as well.
4. Your account will be activated post-verification of your documents and thereafter you will receive a notification in your inbox as well.
5. Once your account is activated, you can immediately start using your Trading Account.
6. For starting off your Intraday trading in Geojit Finance, you can also go through a demo of the same which is available on their website.
7. The first thing you should do before starting your Intraday trade has a look at the market indices and trending list, make your own watchlist of the stocks that you want to follow and then also look for some stock tips that the tool provides.
8. You need to select the shares that you want to trade in and then select the Buy/ Sell option. You then need to select the intraday or day trade option while placing your order.

Know more about other Intraday Trading Brokers

Geojit Finance Intraday Charges

Geojit Finance offers extremely competitive brokerage rates on all the segments, specifically for Intraday, they offer 0.03% of the transaction value.

Apart from the Geojit Finance Intraday brokerage charges, there are some other mandatory charges as well which are governed by the trader/investor. Have a look at those as well:

• A Transaction charge is charged on the overall transaction value
• STT or Service Transaction Tax is charged as levied by the government
• A 5% -7% Stamp Duty is charged depending upon which state you are trading from
• SEBI has levied another charge called the SEBI Turnover charge
• GST of 18% on the Transaction charge is also charged as per government norms

I am sure these charges must be scaring you and you would be thinking that you would probably pay more than your transaction value in these charges; however, these are extremely minimal sums that are charged.

Let us get this clarified to you with an example so that you understand the Geojit Finance Intraday charges properly. Let’s suppose you buy 1000 shares worth Rs.2 per share, which means you spent Rs.2000 in buying the shares. And when you sold them, their sell price was Rs.3 per share.

This means the total turnover has been Rs.5000. This trade has happened in Karnataka and hence those state laws would apply.

• The following charges will be applied to your trade:
• Brokerage: Rs.15
• Service Transaction Tax: Rs.0.630
• SEBI Turnover Fees: Rs.0.010
• Stamp Duty: Rs.0.150
• Transaction Charge: Rs.0.163
• GST: Rs.2.729
• Total Brokerage + Taxes Paid: Rs.18.682

Hence your Total Profit post paying all these charges would be Rs.981.318.

Geojit Finance Intraday Margin

The Geojit Finance Intraday Margin is also something which is very much talked about in the industry. Geojit offers one of the best leverage options. You can trade up to 5x of your Margin money.

Margin money is basically a deposit kept in the broker’s custody which will allow you to borrow a certain amount from them whenever required as an overdraft facility. The Stockbroker will charge you interest instead of that but you will surely benefit from it.

This Margin money is utilized when you are falling short of funds; you then borrow some amount from the broker against your margin and then return it to them with interest.

The Geojit Finance Intraday limit is up to 5 times your margin money. This means that if your margin money kept with them is Rs.10,000, then you can utilize up to 50,000 from them if required.

Find out Intraday Trading Details of other Stock Brokers

Geojit Finance Trading – Types

Geojit Finance operates its trading through both channels – offline and online. Under the Geojit Finance online trading options, the company has launched tools for desktop users, web-based tools for people who are always on the go and Mobile App as well for the ones who prefer trading through their mobile.

For offline Geojit Finance, one can visit their branch and also avail of the on-call benefit the company provides to its users.

Geojit Finance Intraday Trading – Conclusion

Geojit Finance Intraday Trading is one the best options available in the industry as they offer a lot of benefits to the customers. Fact that the company is a trusted name and has a brand reputation, your funds are in safe hands.

The legacy and experience that this company carries come to your advantage and you can surely build good capital in case you follow their recommendations as well.

Geojit Finance Intraday FAQs

Is Intraday Trading safe in Geojit?

Geojit’s three-decades-long services speak for themselves when it comes to trading security, the broker house has more than 470 offices in India with a customer base of more than 10 lakhs. This speaks volumes about the trust and security their one million customers have in the name – of Geojit.

What is Intraday Exposure at Geojit?

When joining hands with Geojit, clients will get a major taste of being offered the best of intraday margin funding. The exposure at Geojit has been exceptionally good and has been backing up many traders in their quest for a better trade- at Geojit clients are provided with a 5x margin funding.

What are Intraday Charges in Geojit?

Geojit stands out from the competition and offers very less brokerage in the intraday segment of trading. Traders are only required to bear a charge of 0.03% on intraday, while the necessary and government-charged expenses are SEBI, STAMP DUTY, and GST.  Making Geojit one of the most celebrated broker houses in the country.

How to do Day Trading in Geojit?

Geojit has made it exceedingly easy for anyone to open an account for trading, be it first-timers or more experienced brokers. The traders are only required to start their journey by opening a trader’s account at Geojit. The broker house offers full assistance to traders from opening an account to getting started with trading; clients can expect fully-fledged support from this broker house.

Does Geojit provide Day Trading?

Yes, Geojit provides day trading, thanks to their compelling services and help in the intraday section of trading, Geojit has been the number one choice of traders when trading in the intraday segment.

Is Intraday Trading Free in Geojit?

Geojit does provide a charge-free account opening and free demat AMC but intraday at Geojit carries a certain amount of charge.  The brokerage for intraday trading is 0.03% per trade, which the clients are obligated to pay. Along with the intraday charges, clients may also have to bear a few government charges.

Does Geojit have an App for Intraday?

Geojit is known for providing a world-class trading platform embedded with modern technology to its clients. Owning to the big name Geojit has earned over the years of practice they provide their clients with the top most technology to perform hassle-free trading just through their Smartphones.

Is Intraday Profitable at Geojit?

Geojit has been in the stock broking business for three decades, they are known for providing new horizons to their clients with lucrative amounts of profit payback. Geojit’s team of experts leave no stone unturned to help traders get the best out of the trade and obtain profit at the end of every transaction.

Does Geojit provide Intraday Tips?

Geojit has been a full-service broker for more than 30 years now, they have a refined team of experts to help the trader analyse the market and trade accordingly. The assistance provided at Geojit goes unmatched and has been proven an epitome of success for many trades to date.

What is Geojit Intraday mean?

Intraday trading at Geojit means the traders will be flooded with tools and software to help them not just trade effortlessly but also gain a better insight into the market scenario. Geojit’s way of transforming its trading platform has helped various traders to sell and buy assets on the same day as that being the main pillar of intraday trading.

Open Geojit Finance Trading Account Now! – Fill up the Form

Know in detail about Intraday Trading of other brokers

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