NRI Account Opening Charges :
Account opening fee – per account | Rupees 2500 + 450 (GST at 18%) |
Life Time AMC valid for 10 years on Demat account inclusive of GST (not applicable for F&O accounts) – per account | |
Total | Rupees 5900 |
Kindly note that NRE Equity Cash, NRO Equity Cash, and NRO F&O accounts are separate accounts
Brokerage Summary:
Tradeplus Brokerage for NRI Trading Account and NRI Demat Account is the best among the Stock Brokers in India:
Brokerage and other charges
| Expense Head | NRE – Equity Cash | NRO – Equity Cash | NRO – F&O |
| Brokerage on volume * | 0.40% | 0.30% | Flat 1499 per month |
| GST on Brokerage @ 18% | 0.07% | 0.05% | 270 |
| Securities Transaction Tax or STT on volume | 0.10% | 0.10% | Futures sell – 0.01% on volume |
| Options sell – 0.05% of premium amount | |||
| Option Exercised - 0.125% on difference between the settlement price and strike price of option | |||
| Transaction Charges | 0.00325% | 0.00325% | Futures – 0.0019%, Options – 0.05% on premium value |
| SEBI Turnover Charges | 0.00010% | 0.00010% | 0.00010% |
| Stamp Duty (Commodity and Currency rates are not applicable for NRI) | As per Indian address proof provided / TamilNadu | As per Indian Address proof provided / Tamil Nadu | As per Indian Address proof provided / Tamil Nadu |
| Clearing member Charges (clearing done through Stock holding corporation of India (SCHIL) | - | - | Futures – 0.0075% , Options – 0.06% on premium value |
| MTF Account – Interest | Product not available for NRE | 2% p.m on debit amount | |
| Mutual fund investment | 0 | 0 | NA |
Note:
| * - Brokerage mentioned is without RM support. If RM support is required, the brokerage will be 0.65% for NRE and NRO account | |||
| * - GST is applicable on Transaction charges also |
Summary of Depository charges:
Demat & Remat Charges | |
| Demat Charges NRI | Rs. 200/- per DRF (up to 5 Certificates)More than 5Certificates Rs. 30/- per certificate plus Rs. 200/- (Minimum Charges) |
| Remat Charges | Rs. 15/- per certificate for every hundred shares or part thereof Remat Charges subject to the maximum fee of Rs. 5,00,000 or a flat fee of Rs. 15/- Per certificate whichever is higher plus handling charges Rs. 50/- No rematerialization fee for Govt. Securities. |
| Demat Rejection | Rs. 35/- per rejection (up to 5 certificate) More than 5 Certificates Rs. 3/- + Rs. 35/- (Minimum Charges) |
Conversion Request (Mutual Fund) Charges | |
| Conversion request charges for NRI Clients | Rs. 200/- per CRF |
Transaction Charges | |
| Market Selling(Debits) other than Navia Markets Ltd. OFF Markets Debits & Inter Depository Debits | 0.04% of Transaction Value, subject to Minimum of Rs. 30/- Per Transaction |
| Inter Settlement Transfer | Rs. 15/- per Transaction for non POA |
| Failed Transaction | Rs. 15/- per Transaction |
Pledge & Securities Lending and Borrowing | |
| Pledge Creation | 0.02% of the value of the securities pledged, subject to minimum of Rs. 50/- per Transaction. |
| Pledge Closure & Invocation | 0.02% of the value of the securities pledged, subject to minimum of Rs. 50/- per Transaction. |
| Securities Borrowing | Rs. 50/- per Transaction |
Modification Charges Rs. 100/- for every change of address / Bank Details | |