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COMPARISON TABLE OF BROKERAGE CHARGES IN INDIAHere you will find a table comparing intraday brokerage charges and delivery

brokerage charges charged by different online brokers in India : Sharekhan,

ICICIdirect, Motilal Oswal, Religare, SBICAP Securities, Angel Broking, 5paisa,

Indiabulls, UTI Securities, HDFC Securities, Indiainfoline, Reliance Money. I

constantly try to update this table and try to keep it upto date, so if you have any

more information, please leave a comment. It is also important that you read the

remarks below the table to get a complete picture.

Online BrokerBrokerage for

DeliveryBrokerage for

Intraday tradingMMC*

SBICAP Securities brokerage charges

0.50% 0.10% NIL

Sharekhan brokerage charges

0.03% - 0.50% 0.03% - 0.10% NIL

Motilal Oswal brokerage charges

0.30% - 0.50% 0.03% - 0.15%

5 paisa brokerage charges

0.25% - 0.85% 0.07%

Angel Broking brokerage charges

0.50% 0.02% - 0.03%

ICICI direct brokerage charges

0.75% 0.15%

Indiabulls brokerage charges

0.25% - 0.50% 0.05% - 0.10%

HDFC Securities brokerage charges

0.50% 0.15%

UTI Securities brokerage charges 0.80% 0.15%

Religare brokerage charges

0.20% - 0.30% 0.02% - 0.03%

Reliance Money brokerage charges

0.01% 0.01% card system

Geogit brokerage charges

0.30% 0.03%

Indiainfoline brokerage charges

0.50% 0.10% -

MMC=Minimum monthly commitment.

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• Brokerage is usually negotiable: Several of you trying to choose an online broker and open an online 

trading account must have been frustrated trying to search for the exact brokerage charges charged by various

online brokers. But the fact is the brokerage charged by the same broker varies and in several cases is

negotiable. For example if you go and tell a brokerage house that you are going to deposit 2 lakh rupees and

try to convince them you are going to trade heavily, they might consider reducing your brokerage. That is why

in the above table you will find only a range for the brokerage charges in some cases. But that should be

enough to get an idea.

• Effective brokerage with taxes is more: In addition to the above brokerage charges you will have to 

pay STT (Securities Transaction Tax) at the rate or 0.02% of the total transaction amount. You will also be

charged 12.5% Service Tax on the brokerage amount (and not on the transaction amount). For example, if 

your brokerage is 0.50% for delivery and you do a delivery transaction of Rs.100/- then the total brokerage

you pay is

0.50 (brokerage) + 0.02 (stt) + 0.063 (service tax) = 0.58 .

Thus your effective brokerage (including all taxes) will be 0.58%. Similarly for brokerage on intraday

transactions.

• One may also like to compare brokerages charged by the online brokers mentioned above for trading in futures

and options. I have traded options on SBICAP securities and have been charged Rs.100/- flat brokerage fee for

every options trade. I will probably find out and also add a comparison table for brokerage charges for trading

derivatives (futures and options) later, if i see enough people google searching for the same. For futures, some

online brokers charge different brokerage for different legs of the trade, i.e. different for buy and sell trade.

• Except SBICAP Securities, I do not have any other trading account. So my information is gathered from

indirect sources. In case there are any inacurracies please let me know by posting a comment.

Dmat Accounts, Online TradingAccounts in India  Compare Brokerage Charges in India  Dmat Account : Think BeyondSavings Account  Compare Demat Accounts  How to buy shares using demat

account?  How to Open a Demat Account?  How to choose the best DematAccount?  How to transfer shares between DematAccounts?  Demat + Trading Account  CitiBank Demat Account Charges  HDFC Demat Account Charges  SBI Demat Account Charges  Sharekhan Demat Account Charges

Labels: SBI

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AUG 30, 2008

68 COMMENTS:

Post a Comment

Anonymous November 25, 2008 8:38 PM 

I would really appreciate if you caould provide a similar comparative table of brokerages

charged by various brokerage firms on OPTIONS (F&O) i.e. stock options and NIFTY

Options.

Thnaks in advance

Raj

iinvestor  November 26, 2008 8:38 AM 

@raj i'll have to contact each broker and then get the rates from each of them. This will

require some time & patience. I already have this in my to-do list. but may take a while

GP November 26, 2008 9:18 PM 

Can you please tell us about the charges for DBS Cholamandalam

Anonymous December 19, 2008 7:24 PM 

dude nice work....but can u suggest the better firm in

terms of online trading software, bcoz i heard that there is problem with icici direct soft..it often

breaks down....and how is SBICAP securities?

iinvestor  December 19, 2008 7:51 PM 

@anonymous

I have had no problems with software or connection of sbicap securities. However there are

minor problems for example, it doesn't work on linux (works fine) in windows) etc. Also if you

are going to do heavy intraday trading then perhaps you can also talk to someone who has

accounts with sharekhan, or motilal oswal and other brokers.

Anonymous February 7, 2009 9:59 PM 

"I have traded options on SBICAP securities and have been charged Rs.100/- flat brokerage

fee for every options trade. "

I could not understand this Please explain this sir.

Anonymous February 11, 2009 3:54 AM 

please guide me with whom i need to open my account for online trading. i ll invest only 1

laks.

iinvestor  February 11, 2009 4:46 AM 

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@anon it is hard for me to give a definite answer or guidance. All i can say is that I am pretty

happy with sbicap securities. However if you are planning to do intraday trading then perhaps

sharekhan or other brokerage firm would be better. This comes with a disclaimer that i have

personally not tried sharekhan.

Prasad  April 11, 2009 8:13 PM 

Great job iinvestor, the info you have provided is amazing. Thanks a lot.

I would like to provide feedback for icicidirect here: the brokerage for icicidirect is 0.76% The

total incl taxes comes to 0.85%

The brokerage is more when you sell shares received through an IPO. (No brokerage for 

shares alloted through IPO)

I have put up with ICICI for almost 4 years now but now I have had enough of their bullshit.

The customer service sucks and they arbitrarily charge you without prior notice. This is true

with ALL icici products (I have a savings ac, demat-cum-trading ac, a housing loan and credit

card) and have always had issues regarding charges...and the customer care is truly good at

playing around with words....for people who do not understand the english language well, they

truly mislead you, that is, if you get through to them in the first place.

Now that SBI is coming up well, I am really happy to see a nationalised bank providing at par 

services. I have decided to shift all that I can to SBI. I really feel safe because with SBI, what

you see is what you get... and they dont play around with words.

In fact, thats what made me visit your site in the first place...thank you once again.

Just a couple of questions:

1. Does SBICAPSEC/Motilal Oswal allow you to trade in all shares of BSE and NSE (at leastthose covered by ICICIDirect) or are there any limitations?

2. Can you allocate money to your sbicapsec demat/trading account from an SBI NRE

account? (In case you have this info)

Thanks in advance,

Prasad

iinvestor   April 12, 2009 8:33 AM 

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Yes, you can trade in shares on NSE as well as BSE, just be careful to choose this option

when you open an account.

I am not aware of info about NRE account.

Rupesh May 20, 2009 10:25 AM 

this is truly a great review...

appreciate your work a lot.

Please correct SBI intrday chrges,

it is 0.15% or 5 paise whichever is higher (thats what SBI customer care told me)

Shailesh Joshi May 24, 2009 12:39 AM 

Hello,

do you have to choose (for SBICAP) for which specific exchange you want to open a trading

account? What if someone wants to trade on the BSE and the NSE simultaneously?

Russell May 26, 2009 12:26 AM 

I am really thankfull to you for this valuable information. I dont what is your name but i really

apprecate your efforts. This information was very helpfull to me to figure out how much

brokerage i was paying to indiabulls Thanks

Mayank Sangal

mukesh June 9, 2009 5:23 PM 

Can you please tell us about the charges for elite stock management ltd (delhi)

DEEPANSHU June 14, 2009 3:02 PM 

Hello,

I have opened account with sbi capsecurities and I am very much impressed with their 

services, even their customer service is very good. I normally do trading in F&O segment andfor intraday they charge 50 rupees irrespective of the scrip and 100 rupees if you don't square

off your position on the same day, which is far more better than many of the brokerage

houses..

R John Christy June 14, 2009 3:53 PM 

Hi, Nice work. Please note that India Infoline and 5Paisa are on and the same

Ankit June 18, 2009 11:08 AM 

Do you have F&O table? additionally, I thought STT tax has dropped to a0.2%?

x June 19, 2009 11:03 PM 

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really helpful stuff.

appreciate your work.

 jitendrakumar  June 27, 2009 1:49 PM 

let me tell about which is good for NRI people and how he opens from there place. becos i

live in kuwait so i m asking.

thanks a lot for ur invaluable time.

i wait for ur ans.

shares July 7, 2009 11:58 PM 

good job iinvestors.. really great getting entire details in single blog....

i came to know www.ventura1.com is charging flat 35rs per lot..but it just like prepaid

account...please find the details in the below link:

http://chennaiventura.files.wordpress.com/2009/06/plan-types1.jpg

i am using reliancemoney from past 2years.. interms of brkerage it is less when compared to

other brokerage houses..but reliancemoney website is worst i had ever seen...

aloka July 13, 2009 10:16 PM 

hi sir 

nice review,

but let me tell all people that i'm using HDFC sec and they are really best in all aspect.

whether tarding website, cust care etc.

i recently opened acc with Almondz global. they too r good

with brok of .30 for delivery and .02 for i/d and would dec after my transactions inc.

one good thing is that u have a limit of 10 times of the first amout of cheque you give them.

but drawbak is that only axis, hdfc and icici bank is linked for online fund transfer from acc. for 

rest banks you have to give cheques for trading limits

ER July 14, 2009 12:13 PM 

I notice SBICAPSEC rates quoted are for online and highest slab. I think the normal rate they

charge for offline is 0.35 % for delivery and 0.05 % for intra day per leg. I know some guys

who get better rates based on business given.

Regarding Prasad 'question'- you can allocate funds from NRE account only if you have an

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NRI trading account. Else suggest you transfer money from NRE to domestic bank account

and then allocate.

Anonymous July 17, 2009 4:52 PM 

Awesome work done and really well explained. It would be great if u have options and future

brokerage charges also. Thanks a lot.

Ashish

New York

Manoj July 18, 2009 8:54 PM 

Could you please publish the MMC od the HDFC Securities.

Thanks in Advance

aloka July 19, 2009 11:34 AM 

Dear Mr. manoj there is no MMC for HDFC sec.

but one thing they leg behind is the heavy brok structure, they charge min Rs 25 for each

trade wither I/D or Del based.

and besides that they also charge monthly DP charge which is about 0.04% of total turnover.

But they also give complete peace of mind as the trading website is having option for 

IPO/FD/MF and that too at very good speed:)

aloka July 19, 2009 11:37 AM 

Dear Mr. Ashish this the the brok structure of F/O by almondz, but as u reside in NY u please

confirm the DP as i think it is diff for NRI's

FUTURE CHARGES

SERVICE TAX ON BROK 10.3

TURNOVER TAX ON FUTURE 0.002 selling only

TURNOVER TAX ON OPTION ( On Premium Value) 0.05 Selling only

OTHER CHARGES(SERVICE TAX) ON TUNROVER CHARED 10.3

Sale of an option in securities(STT) 0.017 per cent Seller 

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Sale of an option in securities, where option is exercised(STT) 0.125 per cent Purchaser 

Sale of a futures in securities(STT) 0.017 per cent Selle

Stamp duty as per state wise

Stamp duty For Delhi 0.01% max Rs.1000

Anonymous July 24, 2009 11:55 AM 

Please Reverse charges of reliancemoney ..they have increase their charges to rs 15/- flat on

any mode of transaction (If u pay advance brokerage of 500,1000 /- etc)

or their 5 brokerage scheme is :

delivery: 0.45%

intraday: 0.05%

for more info reffer:

reliance money site

Neel Soni  August 5, 2009 4:34 AM 

thanks lot.your information is really helpful to me as i want to open my demat.

so pls can u have updated information about trading brokerage so it would be more easy for 

me to decide.

Thanks n Regrds,

Neel 

aloka  August 5, 2009 10:20 PM 

Dear Mr. Neel all the info above is updated as companies generally dnt change their brok

structure oftenly.

so take it as final trade values

Neel Soni  August 8, 2009 2:59 AM 

hi there,

I would like to open a new DEMAT account in ahmedabad city.

Can you suggest me any one which is good in services as well as good at brokerage-margin.

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Quick response would help me in getting good profit.

Thanks

Neel

aloka  August 10, 2009 12:18 PM 

Dear Mr. neel

if u r a first time investor then do prefer HDFC Sec as they are very good, but expensive too

i recently opened acc with almondz global, they really have very low brok(read my above

posts) and good service you can prefer them also.

Jingi - Cool Guy :)  August 10, 2009 11:12 PM 

i was using IDBI (.40 and .004 paisa). But the interface was not good ..I am sorry to it was

timepass product from IDBI.

Recently checked many brokarage houses like Angel, Religere, Sherkhan, i opened account

in indiainfoline because

- brokarage ( .25 and .025)

- Life time demat ( no yearly AMC charge like 300 rs in others)- Good software ( i am using webbased as installed s/w will not work in office :P )

- So far good support

Regards,

Irshad

suvy March 8, 2010 3:23 PM 

Does Rs 70 per lot means Rs 70 for buying and Rs 70 for selling a lot?

I have my account in sharekhan..

So how is the brokerage different in intrday and delivery for options trading.

suvy March 8, 2010 3:25 PM 

In case of options trading how the brokerage is different can anybody say.I am being charged

Rs70 per lot by sharekhan.What does that mean..Rs 70 for buy 1 lot and Rs 70 for selling a

lot..us ut so??

Waiting for a reply..thanks in advance..

aloka March 15, 2010 9:34 PM 

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hi suvy

ya it means rs 70 both times

70 on selling one lotand 70 on buying one lot

regards

alok aggarwal

Anonymous March 19, 2010 3:33 PM 

thanks for your efforts..

sun March 19, 2010 4:17 PM 

Hello, we are planning to take a frenchise of renowned broker company. Please can you

suggest us which is one of the best in this field in terms of goodwill, business, public interest

etc.etc..

pans  April 2, 2010 7:58 AM 

sharekhan brokerage per annum

if you pay 1lakh in advance for annual brokerage 0.015% for intraday and 0.1% for dely.

D.SARAVANAN  April 2, 2010 1:34 PM 

saravanan

ADITYA BIRLA OFFERING BEST BOKERAGE 0.025 T0 0.008 PLS CONTACT 9840170974

aloka  April 6, 2010 11:03 PM 

hi sun

the brokerage house depends upon the area u live, which all brokers are present there

people spending of financial productswhich all other brok houses present there.

if u want to take any brok house first be its customer for a month or so or ask any of its

customer about the service quality

because here in market many big names are poor in service

moreover big clients go for lower brokerage and small clients go for office looks, services

offered etc

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type things

so you just choose some and then again post here would surely tell u abt them if i know

:)

kind regards

alok aggarwal

irfan  April 16, 2010 12:27 AM 

thankfull to you for this valuable information.bt m confused.. where should i open dmat

account>??????

dev  April 19, 2010 10:43 AM 

I wanted to start with trading. Read through your blocks. Please suggest will it be good to go

with Angel Broking??.

Awating to open Dmat account and follow market then will try to trade somthing...Please

suggest..

Anonymous  April 29, 2010 2:06 PM 

this is siddharth..if you are a heavy trader either in equity,derivatives or commodity plz contact

me at 9899477978 i will give u the best deals in terms of brokerage.

Anonymous May 2, 2010 9:20 PM 

hi frnds,

i m utsav,

i saw all ur comments and u guys want a best deal for ur money as i do.

i recent got a best deal from karmic stockbroking pvt.ltd. and services n tips r really goods, it

worked for me and i hve earned good bugs as well.

when i toke there advance brokerage scheme, they charge me 2 paise for intraday & F&O, 10

paisa for delivery.

so guys if u like the charge u can contact mr. mohit jain n his mobile no. is 9699500673

Do encash dis opportunity.

GS May 5, 2010 10:17 PM 

Good work appreciated :-)

Anonymous May 11, 2010 3:55 PM 

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really a good work

can u just give a table of comparision of various broking firms providing pms and their amc

and brokerage charges

Anonymous May 14, 2010 8:37 PM 

Hello Iinvestor, good job dear. It helped me a lot to learn about different firms and respective

comments also helped a lot. Thanks from all.

chanthu June 3, 2010 1:41 PM 

i would like to start a share trading firm.or start a franchise.what are the procedures.how

much it will cost???means i would like to start a business firm.pls help me .......

Siddhesh Samant June 8, 2010 11:06 AM 

What about Bonanza Portfolio Ltd.???

ANIL BONANZA June 18, 2010 3:25 PM 

why dont u mention abt bonanzaportfolio ltd i heared it a best broking firm in india?

baby joseph June 24, 2010 10:32 AM 

karvi charge one lot Rs.132 for buying and selling. if a person sells one nifty on 10 points : 10

* 50 = 500 less (Rs.132 + 132)+ taxes rs.stax 15 +stt rs.45 total effect :324 (approx) the seller 

get RS.175/- who is getting more the customer or the broker who make more by using our 

money. (based on nifty 5278 points

theequitymarkets June 26, 2010 8:38 PM 

Hi baby joseph

shocking that they charge so high leaving nothing with the trader 

so its better to switch to any other brand which gives the same at around 30+30

regards

alok agrawal

 jayesh patel June 27, 2010 8:19 PM 

can you give me information about trade charge of all company in india

aloka June 28, 2010 4:30 PM 

Hi jayesh

for all charges visit site theequitymarkets.com

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there you will find complete charges leveid

RegardsAlok

Anjana July 19, 2010 4:46 PM 

HI i am anjana her.I am new to share trading.I want to open a demat account..whether i can

do with sbi or with sharkhan..plz suggest me...

Anjana July 19, 2010 4:48 PM 

HI i am anjana her.I am new to share trading.I want to open a demat account..whether i can

do with sbi or with sharekhan..plz suggest me...

Chris Jerome July 24, 2010 1:24 AM 

my borker charging minimum 5 paisa brokerage per share. then how to trade the small penny

stock??

For ex. when i buy Cals Refineries @ Rs 0.32 paisa i have to pay 5 paisa as brokerage so

that the buying cost should be Rs0.37 paisa (that is 15% brokerage).

so i can not buy these small penny stocks. i know i have to change my broker.

someone help me which broker house offering low and brokerage charges based on amount

which i invest and not based on per share basis.

mariah  August 16, 2010 2:23 PM 

Earning money online never been this easy and transparent. You would find great tips on how

to make that dream amount every month. So go ahead and click here for more details and 

open floodgates to your online income. All the best.

R  August 17, 2010 1:03 AM 

Angel Broking is charging me a minimum brokerage charge of Rs.30/-

per settlement/contract note , do all the brokerage firms charge this.

mariah  August 17, 2010 11:54 AM 

Earning money online never been this easy and transparent. You would find great tips on how

to make that dream amount every month. So go ahead and click here for more details and 

open floodgates to your online income. All the best.

JYOTI  August 20, 2010 12:54 PM 

hi sir/mam,

I would like to open a new DEMAT account in Delhi.

Can you suggest me any one which is good in services as well as good at brokerage-margin

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and what you say.

Quick response would help me in getting good profit.

Thanks

Anonymous  August 24, 2010 7:36 AM 

I am looking open demat account and trading using sbicap what would u say

Logique Technologies  August 25, 2010 11:30 PM 

buy sell old/new books in !ndia

@ http://www.BookBazaar.in

Anonymous  August 27, 2010 11:26 PM 

the information is really nice. I am actually preparing a project on Edelweiss Demat account

and was trying to find the price of other brokers so that I can compare it. The above table

made my work really easy.

Thnxxx...

Anonymous September 6, 2010 11:06 AM 

Instead of "% based charges", better go for "per transaction based charges"... otherwise the

earlier one will suck our money, whether we make profit or not, since it is charged based on

the overall transaction amount, irrespective of whether one make a profit/loss....

do check RK global.. which is charging Rs.9/- per transaction...

http://www.rkglobal.net/Services/WhatWeOffer.asp

Share October 8, 2010 4:21 PM 

This table data aprox. one year old (today 08-Oct-2010) according to reliance money present

% because give reliance money % aprox one year old.

Who will update this.

Renu November 1, 2010 6:00 PM 

Hello all i have found a new firm by name ZERODHA.. i am their client from past two moths

and they are really doing in terms of service, brokerage charges ant technical support..i opted

them after an analysis from the mentioned firms in the posts above..their brokerage charge is

 just rs20/- irrespective of whatever the trade size is as well as the trade type..this is my

opinion if any one wants know more can just refer them by their website address

www.zerodha.com..

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this is based on my analysis..anybody can just go through it before accepting to my point of 

view..

ravi February 27, 2011 10:56 PM 

thanks for the wonderful comparison of the rates. I am a beginner, and would need some

advice on how to invest wisely and learn to understand the market.Post a Comment

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