Comment on NRI trading on Indian Stock Exchanges

Senthil commented on 05 Nov 2016, 06:28 PM

Hi,
Can you pls confirm if these will be charges for a turnover of Rs 2 lacs – BUY and Rs 2 lacs – SELL. Total charges in my estimate will come to around Rs 1300. The Bank charges may vary if it is HDFC or Axis, but this is the approximate.

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BUY Turnover Rs 200000
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Brokerage (Zerodha) 200
STT on Turnover – 0.1% (Zerodha) 200
Trans charges on Turnover – 0.0031 (Zerodha) 6
Service on brokerage – 14% (Zerodha) 28
PIS Reporting Charges (Bank) 100
Processing of sale – Transaction Fees (Bank) 250
Service Tax on above Bank charges 14% (Bank) 49
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Net charges for a BUY Transaction Rs 833.2
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SELL Turnover Rs 200000
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Brokerage (Zerodha) 200
STT on Turnover – 0.1% (Zerodha) 200
Trans charges on Turnover – 0.0031 (Zerodha) 6
Service on brokerage – 14% (Zerodha) 28
PIS Reporting Charges (Bank) 100
Processing of sale – Transaction Fees (Bank) -NIL-
Service Tax on above Bank charges 14% (Bank) 49
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Net charges for a SELL Transaction Rs 548
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