Comment on NRI trading on Indian Stock Exchanges

Ela Selvaraj commented on 28 Jul 2015, 01:40 AM

Hi Zerodha Team,

I have one more question regarding PIS reporting charges.

Axis bank mentioned:
Rs. 150 will be levied on per trade date. Separate for purchase and sale

HDFC bank mentioned:
Rs. 100 per purchase contract
Rs. 100 per sale contract
Processing of sale proceeds under PIS:
Rs. 100 for less than 50,000 transaction
Rs. 250 for 50,000 to 3,00,000 transaction
Rs. 500 for 3,00,000 transaction

Does it,
If I have AXIS PIS account, I would be paying Rs. 100 per executed order for purchase and sale?

If I have HDFC PIS account, I would be paying Rs.500 per executed order for transaction above 3,00,000?

So effectively,
I pay Brokerage: 200 Rs to Zerodha + other charges and PIS reporting + sale proceeds transaction fee?
For example:
Brokerage: 200 Rs + other charges
PIS sale transaction fee: 500 Rs (If transaction is greater than 3 lakh rupees)
PIS reporting fee: 100 Rs
Total: 700 Rs + Other charges

Please clarify.


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