Finvasia Brokerage Charges and Transaction Charges
Finvasia is the one of the leading stockbrokers of India which follows its own tagline ‘Simply Commission Free’, incorporated in 2009 in Canada by Ex Wall Street professionals Mr. Tajinder Pal Singh and his brother Mr. Sarvjeet Singh who strongly believes that financial services brokerage is an old-fashioned business so rather than imposing brokerage, we should add world-class qualities in the products and services that’s why a brokerage firm offers financial services ranging from zero brokerage, zero demat & trading account opening, zero AMC and Finvasia zero brokerage. In 2011, Finvasia group was registered with SEBI as a Foreign Institutional Investor (FII) and inaugurated its headquarter in Mohali (Punjab). In 2013, Finvasia became the member of NSE and MCX. Later on, in 2015, Finvasia like brokers became the member of BSE and The Association ofMutual Funds in India (AMFI). In 2016, Finvasia was named among the 20 most promising banking solution companies by Silicon India.
In 2018, after approval from SEBI, Finvasia broker allows its clients to trade on BSE, NSE, MCX and NCDEX from a single trading account. Finvasia sub broker offers margin/exposure of up to 10x for equity intraday trading. Finvasia stock broker offers a wide range of software and tools for trading, technical & fundamental analysis such as ScalperT, Omnesys NEST, NSE Now, Symphony, Amibroker etc. Some software are free to use and some are chargeable. There are different Finvasia brokerage plan available for its users.
First Booklet : Free | Additional : Rs 99 for 10 leaves
Rs 49 per transaction
Modification in client information
Rs 19 per request
Delay payment charges
2% per month on T+2 days
Demat Closure account
DP charges in Finvasia
DP transaction in Finvasia charges are Rs 9+GST per scrip. These charges are applicable only when you sell your holdings shares. For more details about Finvasia leverage plans charges and Finvasia platform charges you can visit the Finvasia website.
You can transfer shares from your another demat account to Finvasia demat account by following below two steps:
• Through DIS (Delivery Instruction Slip) – You can transfer your holdings or securities by filling DIS form and need to fill your DP details of Finvasia and submit it to the old broker.
• Through CDSL Easiest – You can transfer your holdings or shares through CDSL Easiest.
On a repatriable basis, for investing in equity delivery, NRIs can link their trading accounts with Axis bank and Yes bank only while on a non-repatriable basis, for investing in derivative segment, NRIs can link with any bank with us.
NRI/PIO are allowed to open only one account with any designated bank (Preferred bank - Axis bank or Yes bank) in a prescribed format for PIS account. After that, bank will issue a PIS approval letter to the investor.
You can say margin shortfall amount the difference value between SEBI mandated margin and available margin. If Margin shortfall amount first time is Finvasia then traders need to pay penalty 1% of the amount.
Finvasia is equipped with many unique features such as free demat & trading account opening, zero brokerage in every segment, zero clearing charges, zero commission on mutual fund, online account opening facility, trading software & tools etc.
First margin call will be given as soon as the MTM loss reaches 50% of the total available margin and client will be asked to submit fresh margin or reduce the positions. One the MTM reaches 80% , position will be squared off.