What Is Brokerage Charges Of India Infoline?

Last Updated: Mar 20, 2024 Value Broking 3 Mins 1.4K

Any commission or fee that your broker charges you is a brokerage fee. They are, in fact, known as broker’s fees, and they can be levied for the purpose of buying or selling a share or investing in another investment. For instance, when executing any negotiations or delivering an order. There are also fees for consultations at certain brokerages.

The brokerage charge is often a flat fee or, where appropriate, a percentage of the transaction carried out. On some occasions, they can be a mixture of those two types. Remember that, depending on the type of industry and broker in question, charges may differ.

The India Infoline trading platform levies different brokerage charges.

1. Securities/Commodities Transaction Tax

The Government charges this tax to investors and traders for trading on Stock Exchanges. In the case of equities delivery, a charge is imposed on both buy and sell orders, but only for sell orders if the trade is intraday or F&O. On the buy side and sell side, 0.1% for equity delivery. Only on the Sell side. 0.025% for equity intraday. 0.01 % Only on Sell for equity futures. Only on Sell on Premium for 0.05% for equity options.

2. Transaction Turnover Charges

The government is levying these charges on the exchange value of your transactions.

3. Call and Trade

An additional fee of INR 50 shall be charged if Orders are made by IIFL support or the dealing desk. Before the market closes, our RMS team will be settling intraday orders (MIS/BO/CO).

4. Offline Trade

Offline trading shall not include RMS Square Off, Auto Square Off, Margin Square Off, etc.

5. GST

The government levies a tax on the goods and services provided. The Goods and Services Tax is levied at 18% on brokerage and transaction charges.

6. Stamp Charges

The stamp fee is applied to the shares, debentures, currencies, derivatives, etc. Since July 1, 2020, stamp duty rates have been revised by the Government.

7. SEBI Charges

For overseeing and regulating the financial markets, SEBI levies a nominal fee of Rs 10 per crore.

8. Account Maintenance Charges (AMC)

For the first year, zero. From next year on, the price will be INR 250 plus GST.

9. Depository Participant (Dp) Charges

These charges shall be charged jointly by the IIFL participant and CDSL and NSDL Depositories. On the day of the sale of stocks, the charges shall be INR 13.5 plus GST per scrip, irrespective of the number of orders.