Comment on No DP charges on Coin redemptions!

Neelesh Verma commented on 30 Aug 2019, 04:10 PM

Are there any charges?
There is a brokerage of 0.06% or Rs 6 for every Rs 10,000 invested will be charged as brokerage. 18% GST will be applicable on the total brokerage incurred.

What are my chances of securing a G-sec in the auction?
When you apply for a G-Sec, on the order processing day if the amount is available in your trading account before the cutoff time i.e 8 PM the order will get processed and the units will be allotted to your Demat account on the Settlement day.

What happens if I don’t get selected, am I automatically enrolled in the next auction period?
No, you will have to place a fresh request again in the next reissue.

What are the yield rates since it will be bidding process?
You can check the details on https://www.ccilindia.com/OMMWCG.aspx.

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