Hi zerodha, I noticed that on your zerodha website, you have increased the SEBI charges suddenly from 5 per crore to 10 per crore.
Any SEBI notification you can share? How come it increased by 100% in 1 day?
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Hey @Praksy SEBI had reduced the charges by 50% only till March 31, 2021. Here’s the circular for your reference.
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What’s difference between sebi charges and sebi turnover fees ?
turnover fees are deducted in contract note and sebi charges deducted from funds statement in console.
@Nakul
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There’s no difference. It’s the same.
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Then why deducting directly from funds and also in daily contract note ? Which is correct.why this discrepancies ?
As per this SEBI circular, the SEBI turnover fee was reduced from Rs. 10 per crore to Rs. 5 per crore from June 01, 2020 to March 31, 2021. However, you were charged Rs. 5 per crore as SEBI turnover fee for your trades until May 4, 2021. This is what is collected on your contract notes. We have now charged the difference of Rs. 5 per crore that was not charged from April 1st to May 4th to your ledger.
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To add to what @Nakul has explained, you aren’t being charged twice. All the charges you see on the contract note are posted on your ledger.
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Clear now.ty
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So what this an error on part of Zerodha? that you did not correctly input revised sebi charges after March 31st 2021? or something else happened?