Posted by: noorul | May 25, 2008

Know ICICI Securities charges!

I was not completely aware of the following charges that ICICIDirect levied on every transaction.

The general brokerage that is charged for delivery based trading is 0.75% of
the trade value or Rs.25 whichever is higher.

For the transaction value less than Rs.1000 the flat brokerage of 2.5 % will
be applicable.

Service Tax @ 12.36% of brokerage and securities transaction tax @ 0.125% of
trade value are in additional

It is always better to transact for more than Rs. 3335.00. If you transact below this amount you are loosing money.

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Responses

  1. […] Articles. Finance and Investment wrote an interesting post today onHere’s a quick excerptI was not completely aware of the following charges that ICICIDirect levied on every transaction. The general brokerage that is charged for delivery based trading is 0.75% of the trade value or Rs.25 whichever is higher. For the transaction value less than Rs.1000 the flat brokerage of 2.5 % will be applicable. Service Tax @ 12.36% of brokerage and securities transaction tax @ 0.125% of trade value are in additional It is always better to transact for more than Rs. 3335.00. If you transact below this amount you are loosing money. […]


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