Extremely sad to see that Discounted brokers also have started charging for this.
When contacting support, they always say the charges are mentioned here.
And give this brokerage calculator which itself shows fewer charges but practically when executing a trade (BUY and SELL), these charges are definitely higher, no matter how many measures you take.
By the way, from your recent posts on this forum,
it seems like many of the concepts involved may be new to you,
and you are finding surprises at each step.
It might be helpful to rephrase your posts as inquiries and not as complaints/rants. (so that others are more inclined to help with clarifications, and not dismiss/flag these posts)
Also, in case you haven’t already,
a pass through Home – Varsity by Zerodha
should help set the right expectations about the various aspects involved.
Hi @yogeshkhetani, the brokerage for equity delivery trades is 0. We charge a token amount of 1 paise per contract note as services cannot be provided for free as per income tax rules.
Apart from brokerage, statutory charges such as STT, exchange transaction charges, SEBI charges, stamp duty, and GST will be applicable. These are based on turnover, given the quantity remains the same, these will be lower for stock with a lower price and higher for that with a higher price. Please refer to this article for more details: What is the brokerage at Zerodha for equity?
Have you purchased any stock before?
If yes, have you read the contract note for the same?
The above charges have always been applied.
I believe this somewhat recent feature is to ensure that one can see an estimate of the the charges involved upfront (instead of having to manually calculate/estimate).
