Finvasia Brokerage Charges and Transaction Charges

 
 
 
 
 

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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 charging 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 Finvasia offers financial services ranging from zero brokerage, zero demat & trading account opening, zero AMC and zero clearing charges. In 2011, Finvasia 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 became the member of BSE and The Association of Mutual 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 allows its clients to trade on BSE, NSE, MCX and NCDEX from a single trading account. Finvasia offers margin/exposure of up to 10x for equity intraday trading. Finvasia 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.

Finvasia Account Opening Charges:

You don’t need to pay any amount to open a demat account on Finvasia.

Account

Charges

Trading Account Opening Charges

Rs 0

Trading Account AMC

Rs 0

Demat Account Opening Charges

Rs 0

Demat AMC

Rs 0

 

Finvasia Brokerage:

NSE

 

 

Equity Intraday

Equity Delivery

Futures

Options

Currency Futures

Currency Options

CTT/STT

0.025% on the sell side

0.1% on buy & sell

0.01% on sell side

0.05% on sell side (on premium)

0

0

Transaction charges

0.00345%

0.00345%

Exchange txn charge: 0.002%

txn charge: 0.053% (on premium)

Exchange txn charge: 0.0009%

Exchange txn charge: 0.035%

Clearing fees*

0

0

0

0

0

0

 

BSE

 

Equity Intraday

Equity Delivery

Futures

Options

Currency Futures

Currency Options

CTT/STT

0.025% on the sell side

0.1% on buy & sell

0.01% on sell side

0.05% on sell side (on premium)

0

0

Transaction Charges

0.003%

0.003%

Exchange txn charge: 0.002%

txn charge: 0.053% (on premium)

Exchange txn charge: 0.00022%

Exchange txn charge: 0.001%

Clearing Fees

0

0

0

0

0

0

 

MCX

 

Commodity Future

Commodity Option

CTT/STT

0.01% (of Selling Value)

0.05% (of Selling Value)

Transaction Charges

260/ crore

5000/ crore

Clearing Fees

50/Cr

50/Cr

 

  • GST: Charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Charges: This is charged at Rs 10 per Crore.


Finvasia Demat Account Charges:

Various other demat transactions are as follows.

Transaction

Charges

Demat Account Opening Charges

Nil

Account Maintenance Charges

Individual – Rs 0 per year

Corporate – Rs 1000 + GST (Payable upfront per year)

Inter Depositary Transfer (off-market trades)

Buy (Receive) – Nil

Sell (Debit) – Rs 9 (Including CDSL free)

Demat (Per certificate)

Rs 15 + Rs 99 courier charges

Transaction Charges per ISIN (Market Trades)

Buy (Receive) – Rs 0

Sell (Debit) – Rs 9 (including CDSL free)

Remat (Per ISIN)

Rs 15 + Rs 99 courier charges

Pledge per ISIN

Rs 25 + NSDL charges

Unpledge per ISIN

Rs 25 + NSDL charges

Courier charges per demat/remat request

Rs 99

Pledge Invocation per ISIN

Rs 19

Periodic statements

Email : Free | Physical : Rs 99 courier charges

Adhoc/Non-periodic statement

Email : Free | Physical : Rs 5 per page + Rs 99 courier charges

Delivery Instructions

First Booklet : Free | Additional : Rs 99 for 10 leaves

Failed Transactions

Rs 49 per transaction

Check Bounce

Rs 299

Modification in client information

Rs 19 per request

Delay payment charges

2% per month on T+2 days

Demat Closure account

Nil

 

Finvasia Stamp Duty:

Sr. No.

Segment

Applicable Stamp Duty Rate

Applicable on

1

Equity Cash

 

 

 

In case of delivery (Security other then debenture)

0.015%

Buyer

 

In case of non-delivery (Security other then debenture)

0.003%

Buyer

 

Transfer of Debentures

0.0001%

Buyer

 

Transfer of Government Securities

0%

Buyer

2

Equity Derivatives

 

 

 

Equity Futures

0.002%

Buyer

 

Equity Options

0.003%

Buyer

 

Delivery Settlement

Security other than debenture on delivery basis

Security other than debenture on non-delivery basis



0.015%

0.003%



Receiver

Receiver

3

Currency and Interest Rate Derivatives

0.0001%

Buyer

4

Commodity Derivatives

 

 

 

Commodity Derivative is traded

0.002%

Buyer

 

Option Premium

0.003%

Buyer

5

Debt Market

 

 

 

Transfer of Government Securities

0%

Buyer

 

Tri-party Repo on Corporate Bonds

0.00001%

Buyer

 

Transfer of Debentures

0.0001%

Buyer

6

Indian Corporate Debt Market (ICDM)

 

 

 

Bonds/Securitized Debt/Commercial Papers/Certificate of Deposits

0.0001%

Buyer

 

Repo Transaction

0.00001%

Borrower
(Buyer of forward leg)

 

Transfer of Debentures

0.0001%

Buyer

7

Offer for Sale

0.015%

Seller/Offeror

8

Tender-Offers for Takeovers, Buy Back and Delisting of Securities

0.015%

Seller/Offeror

9

Electronic Book Provider (EBP) platform

0.005%

Issuer

 



 

Frequently Asked Questions


No because profits of the F&O segment used to credited to the ledger’s next working day, so, you can’t use the profit amount on the same day for new positions.
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.
No, Finvasia only offers 2-in-1 account on its platform.
Yes, any NRI around the world can invest in Indian Share market through Finvasia.
It is totally free; you don’t need to pay single penny for opening of demat and trading account on Finvasia.
Yes, you can place After Market Order (AMO) on Finvasia.
Square off timings are variable in different segments: • NSE CASH – 3:20 PM • NSE NFO – 3:25 PM • NSE CDS – 4:45 PM • NSE CDS cross currency – 4:45 PM • MCX (MAR to NOV) – 11:15 PM • MCX (DEC to FEB) – 11:40 PM
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.
Yes, Finvasia offers semi and fully Algo trading on its platform.
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.
No, every service is available online and you can also visit the Finvasia’s head office located in Chandigarh (India) for any offline support.
Penny Stocks are those types of shares that are traded at a very low price below Rs 10 and are usually listed on a smaller exchange. Finvasia does not offer leverage on penny stocks.
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.
Finvasia does not offer online IPO application facility but while applying through your bank account, you can enter Finvasia Demat Account Number to get your allotted shares in your demat account.
Finvasia offer following products to NRIs: • Equity trading in BSE & NSE (Delivery based) • Trade in F&O segment • Direct Mutual Fund • Bonds
No, Finvasia does not charge any extra brokerage on cancelling and modifying an order. Transparency is the key quality of Finvasia.
Yes, Finvasia offers free call and trade facility i.e. you don’t need to pay single penny for call and trade facility.

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