In accordance with regulatory changes, including the implementation of the True to Label circular, and in alignment with market conditions, we are updating our brokerage, MTF interest, and other associated charges effective October 1, 2024. The key changes are as follows:

• DP charges: The DP charges will be reduced from ₹12.5 per transaction to ₹3.5 per transaction, providing cost savings for our customers on the sell side equity transactions.

• Brokerage charges:

  • Equity Delivery: Revised to 0.3% or ₹20 per executed order, whichever is lower. This is also applicable for MTF transactions.

  • Equity Intraday, F&O, and MCX: No changes; existing rates remain applicable.

• MTF (Margin Trading Facility) interest charges: The interest rate for MTF is revised to 18% per annum, translating to a daily rate of 0.0493%.

• Pledge & Unpledge Charges:

  • Equity Delivery:

    • Pledge: ₹5
    • Unpledge: ₹0

  • MTF Positions:

    • Pledge: ₹12
    • Unpledge: ₹12

• Exchange charges (Effective from October 1, 2024):

• STT (Securities Transaction Tax) Changes:

These adjustments aim to enhance transparency and provide cost benefits to our customers while aligning with regulatory guidelines.

Note: The GST of 18% to remain unchanged.

For more details on True to Label, kindly refer here.