What are Account Maintenance Charges in India Infoline?
In the realm of stock trading and investments, it is imperative to comprehend the various charges associated with maintaining an account. One prominent player in the Indian brokerage landscape is IIFL Securities, which offers a straightforward discount brokerage plan known as iServe. This plan provides a range of cost-effective trading options, including Brokerage-Free Equity delivery trades and a flat fee of Rs 20 per trade for Intra-day and F&O trading in Equities, Currencies, and Commodities across major exchanges like BSE, NSE, and MCX.
IIFL Securities Account Charges
When trading with IIFL Securities, customers are responsible for various fees, commissions, and taxes. These charges can be broadly categorized as account opening charges and account maintenance charges (AMC).
| Transaction | Fee (in INR) |
| Trading Account Opening Charges | Rs 0 (Free) |
| Trading AMC (Yearly Fee) | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) |
| Demat AMC (Yearly Fee) | Rs 250 (Free for 1st year) |
IIFL Securities Brokerage Charges
The brokerage charges for different segments of trading with IIFL Securities are as follows:
| Segment | Brokerage Fee (per order in INR) |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 20 |
| Equity Intraday | Rs 20 |
| Equity Futures | Rs 20 |
| Equity Options | Rs 20 |
| Currency Futures | Rs 20 |
| Currency Options | Rs 20 |
| Commodity Futures | Rs 20 |
| Commodity Options | Rs 20 |
IIFL Securities Demat Account Charges
Demat account transactions are billed separately from trading commissions. The charges for Demat account services with IIFL Securities are outlined below:
| ID | Transaction | Charges |
| 1 | Demat Account Opening Charges | Rs 0 (Free) |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) | ₹25 per debit transaction |
| 4 | Annual Maintenance Charges (AMC) | ₹250 (free for 1st year) |
| 5 | Demat + Courier charges | ₹15 per certificate |
| 6 | Remat | ₹15 per certificate |
| 7 | Pledge Creation | ₹10 |
| 8 | Pledge Creation Confirmation | ₹0 |
| 9 | Pledge Invocation | ₹15 |
| 10 | Failed Transactions | |
| 11 | Other Charges | Conversion of MF units: ₹0, Reconversion of MF units: ₹0, Courier Charges: ₹100 per request |
IIFL Securities Transaction Charges
Transaction charges, which include Exchange Turnover Charge and Trade Clearing Charge, vary across different trading segments:
| Segment | Transaction Fee |
| Equity Delivery | Rs 325 per Cr (0.00325%) |
| Equity Intraday | Rs 325 per Cr (0.00325%) |
| Equity Futures | Rs 210 per Cr (0.0021%) |
| Equity Options | Rs 5100 per Cr (0.051%) (on premium) |
| Currency Futures | Rs 210 per Cr (0.0021%) |
| Currency Options | Rs 5100 per Cr (0.051%) (on premium) |
| Commodity | Group A – Rs 280 per Cr (0.0028%) |
IIFL Securities Trading Taxes
In addition to brokerage charges, IIFL Securities applies government taxes and fees, which are detailed in the contract note sent to customers at the end of each trading day. These taxes include:
- Securities Transaction Tax (STT)
- Exchange Transaction Charges
- GST (Goods and Services Tax)
- SEBI (Securities and Exchange Board of India) Charges
- Stamp Duty
Conclusion
Understanding the various charges associated with maintaining an account with IIFL Securities is crucial for making informed investment decisions. By being aware of these fees, investors can confidently and clearly navigate the financial aspects of trading.