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Geojit Brokerage Charges 2023 |Details, Plan and Transaction Charges

 
 
 
 
 

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Geojit Financial Services Limited Brokerage Charges and Transaction Charges

Geojit Financial Services Limited is the one of the leading stockbrokers of India operational since 1987. This Kochi-based stockbroker is a big name of the Indian stock industry. Geojit Financial Services Limited offers you to invest in NSE, BSE, MCX and NCDEX. Geojit is a SEBI registered broker and depositary member of CDSL & NSDL, it offers online and offline facility to open demat & trading account in its platform. Geojit provides the facility to invest in equities, derivative, currency, commodity, mutual fund, fixed deposit, insurance and national pension scheme. Any NRI across the world can invest in Indian brokerage industry through Geojit Financial Services Limited. Geojit Financial Services Limited has its presence in more than 500+ locations across India and overseas such as Dubai, Muscat, Bahrain, Abu Dhabi, Sharjah, Al Ain ad Kuwait through branches, franchisees, sub-brokers and also it has a client base of around 8.4 lakh customers spread around the world.
Geojit Financial Services Limited is well-known for its attractive leverage and exposure facility through which you can buy unaffordable shares and trade more in the share market. It offers many free trading software and tools which are fully capable to provide you modern and technical services, real-time news, customizable watchlist, technical analysis, research & recommendation etc.

Geojit Financial Services Limited Account Opening Charges:

Demat and trading account opening charges of Geojit Financial Services Limited are as follows:

Account

Charges

Trading Account Opening Charges

NIl

Trading Account AMC

Nil

Demat Account Opening Charges

Nil

Demat AMC

Zero AMC untill 31st March 2023

 

Geojit Financial Services Limited Brokerage:

Geojit Financial Services Limited brokerage charges are as follows:

Cash Market

 

Future & Options

 

Delivery-based Trading

0.3 %

Futures

0.03 %

Intra-day Trading

0.03 %

Options Index

₹ 50 per lot

A discount of 20 % from the existing offline brokerage is applicable for trades executed through Customer Care. This is applicable to Ordinary Resident account only.

Options Stock

₹ 75 per lot


These rates are subject to minimum brokerage as under
  • ₹ 20 per Contract or 1 paisa per share whichever is higher subject to a maximum of 2.5% per share.
  • In case the contract note is delivered by post then Rs.20/- per Contract or 5 paisa per share whichever is higher subject to a maximum of 2.5% per share.
  • Both subject to maximum of Rs.0.25 per share/debenture or 2.5% of the contract price per share/debenture whichever is higher.
  • Taxes, levies and other statutory charges shall be charged extra.
* Applicable to Ordinary Resident account only

Geojit Financial Services Limited Demat Account Charges:

Various other demat transactions charges are as follows.

Transaction

Charges

Account Opening Charges

Nil

Annual Maintenance Charges

Rs 400

Dematerialisation Charges

Nil + courier charges @ Rs 35

Rematerialisation Charges

Rs 10 for every hundred securities or part there of; or Rs 10 per certificate, whichever is higher + courier charges of Rs 35 per scrip.

Custody Charges

Nil

Transaction Charges

1. For transaction through Geojit

Debit (sales)

0.02% subject to a minimum of Rs 15 and maximum of Rs 40 per transaction, if the delivery is through POA/speed-e with DCN.

0.03% subject to a min of Rs 20 and maximum of Rs 40 per transaction, if the delivery is through DIS or POA without DCN.

Credit Purchase

Nil

2. For transaction through other brokers

Debit (Sales)

0.04% subject to a minimum of Rs 50 and maximum of Rs 100 per transaction.

Credit (purchase)

Nil

Pledge Charges

 

Pledge creation

Rs 50 per transaction

Pledge closure

Nil

Pledge Invocation

Rs 100 per transaction

 

Geojit Financial Services Limited Transaction Charges:

Segment

Transaction Fee

Equity Delivery

Rs 325 per Cr (0.00325%)

Equity Intraday

Rs 325 per Cr (0.00325%)

Equity Futures

Rs 210 per Cr (0.0021%)

Equity Options

Rs 5500 per Cr (0.05%)

Currency Futures

Rs 145 per Cr (0.00145%)

Currency Options

Rs 4730 per Cr (0.0473%) on premium

Commodity

NA

 

Geojit Financial Services Limited Trading Taxes:

Taxes

Rates

Securities Transaction Tax (STT)

  • Equity Delivery- 0.1% on both buy & sell
  • Equity Intraday- 0.025% on sell side
  • Equity Futures- 0.01% on sell side
  • Equity Options- 0.05% on sell side (premium)
  • Commodity Futures- 0.01% on sell side (Non-Agri)
  • Commodity Options- 0.05% on sell side
  • Currency F&O- No STT
  • On exercise transaction- 0.125%
  • Right to entitlement- 0.05% on sell side

GST

18% on (Brokerage + Transaction + SEBI fee)

SEBI Charges

0.00005% (Rs.5/crore)

Stamp Duty

(On buy side only) Delivery- 0.015%, Intraday- 0.003%, Equity Futures- 0.002%, Equity Options- 0.003% and Currency F&O- 0.0001%

Commodity Futures- 0.002%, Commodity Options- 0.003%

 


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Frequently Asked Questions


Yes, Geojit offers you to invest in Sovereign Gold Bond which is far better than investing in physical gold bond.
Exploitation of the price discrepancies seen in different exchanges or in the spot market result is the making profit by entering with the opposite positions of the same contract.
• Form A2 is required along with a declaration form: As per the FEMA rules and regulations, form A2 is required every time to declare the amount that is to be transfer abroad. Within the LRS fillings, your bank will file this for you and Stockal automatically fills this for you, only you need to check that all the information is correct or not after that download the filled-in-form, sign and upload it again for your bank to file. • PAN card, address proof.
Currently, Geojit Financial Services Limited does not provide the facility of Algo Trading on its platform but we will update you once the broker will start the algo trading facility on its platform.
Yes, Geojit Financial Services Limited offers free research and recommendation services to their clients.
Yes, Portfolio Management Services (PMS) are available in Geojit Financial Services Limited platform.
Yes, Geojit offers After Market Order (AMO) facility on its platform.
Yes, you can apply for any IPO by using Geojit platform and you will get the information about upcoming IPOs, IPO opening & closing date, allotment date, face value, equity share price, company’s background & financial assets etc. on this platform.
Hedging is considered as a risk management strategy in which trader used to take equal and opposite position in futures market to avoid the risk of loss due to fluctuation in prices in the share market.
You can invest in US market by using Geojit platform, you need to open ab account on Geojit, powered by ‘Stockkal’. Your brokerage account will be created with Geojit’s US partner for clearing services ‘DriveWealth’. After document verification, it will take 2 business days to open your account. After opening your account, you need to transfer money into your brokerage account from your domestic account and now you can invest in US stocks. You can also take the extensive research and support available on the platform.
Yes, NRIs are allowed to trade in share market by using Geojit platform. You need to open NRI demat & trading account on Geojit which is a very easy process.
No, short selling is not permitted under Margin Trading Funding (MTF) whereas you can buy in MTF and sell on the same day itself.
No, Geojit Financial Services Limited only offers 2-in-1 account to resident Indians and NRIs i.e. Geojit demat & trading account and Geojit NRI demat & trading account.
Debenture is a kind of bond issued by a company with no collateral. It is a type of debt instrument which has a term usually greater than 10 years and backed only by creditworthiness and reputation of the issuer.

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