Comment on NRI trading on Indian Stock Exchanges

Sanjay commented on 14 Jun 2021, 12:24 PM

Dear Z Team,
The post and reply of Kush are making so much annoyance/confusion on your platform.
If I am wrong correct me, please.
Brokerage is 0.1% or Rs 200, whichever is lower. Means
If I do trading of 100 shares 500 INR each which is 50,000 INR total my brokerage will be 50 INR. (50,000×0.1%=50 or 200, since 50is lower, that’s the brokerage)
If I do trading of 1,000 shares 500 INR each which is 5,00,000 INR total my brokerage will be 200 INR. (5,00,000×0.1%=500 or 200, since 200is lower, that’s the brokerage)
Which is definitely cheaper than any other brokers.

Rest brokerage on contract note or each trade on multiple trades for since contract note and all are just annoying and misguiding facts.
Brokers charge on each trade whether u do 1 or 100 trades per contract, that simple and easy. A contract note is just a document.
May you please correct me if I am wrong?
Thanks

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