There is a significant benefit from the information you manage to obtain. Feeding on to the same, we present you a detailed article on the Geojit Finance Brokerage Charges. Make the most of the benefits you can, from the information on Geojit Finance Charges, as included in this article.
The information you will absorb, will further help you draft some amazing investment strategies. This will turn out all your investments into profitable incomes, minimizing the impact of expenses or charges.
| Summary | |
| Equity Delivery Trading | 0.30% |
| Equity Intraday Trading | 0.03% |
| Margin Money | 75% Margin |
| Margin Funding Charges | 18% + GST |
| Reactivation Charges | Rs 20 per instruction |
What are the Geojit Finance Brokerage Charges?
| Brokerage Charges | |
| What are the Equity Delivery Charges? | 0.30% |
| What are the Equity Intraday Charges? | 0.03% |
| What is the brokerage on Equity Futures? | 0.03% |
| How much brokerage charged for Equity Options? | Rs 125 per contract |
| What is the brokerage on Currency Futures? | 0.03% |
| What is the brokerage on Currency Options? | Rs 125 per contract |
| How much brokerage charged for Commodity Trading? | NA |
| Brokerage Calculator | Geojit Finance Brokerage Calculator |
The first and foremost obligation you will have is related to the payment of Geojit Finance Brokerage Charges. Taking a brokerage charge is the right of the stock broker and all the stock brokers levy a charge on each of the segment investment. However, the degree of charge varies as per the individual policies of the broking houses.
Starting with the most popular segment, the equity delivery has the charge of 0.30%. Whereas, the other segments, i.e. Equity Intraday, Equity Futures and Currency Futures commonly have the charge of 0.03%. Commodity is actually excluded from the list of segment the company provides.
Finally the options, i.e. equity options has the charge of Rs.125 per lot and the currency options segment has the charge of Rs.125 per lot.
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What are the Geojit Finance Account Opening Charges?
| Account Opening Charges | |
| Is there any Trading Account Charges [One Time]? | NIL |
| How much is the Trading Account AMC [Yearly]? | Rs 0 |
| Is there any Demat Charges [One Time]? | Rs 100 |
| How much is the Demat AMC [Yearly]? | Rs 400 |
| Any minimum Margin Money required? | 75% Margin |
Opening an account is the first step you take, managing the account related payments. The account related payments are Geojit Finance Account Opening Charges as well as the AMC, which occurs once every year. So, if you open an account today, the Geojit Finance Demat Account Charges you are obligated to pay is AMC of Rs.400.
Yes, the account opening charge is nil for demat account, whereas the account opening charge, as well as the AMC is nil for the trading account.
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What are the Geojit Finance Transaction Charges?
| Transaction Charges for each segment | |
| What are the Transaction Charges for Equity Delivery? | 0.003250% |
| What are the Transaction Charges for Equity Intraday? | 0.003250% |
| How much is the Transaction Charges for Equity Futures? | 0.002100% |
| How much is the Transaction Charges for Equity Options? | 0.055% on premium |
| What are the Transaction Charges for Currency Futures? | 0.001450% |
| What are the Transaction Charges for Currency Options? | 0.0473% on premium |
| Any Transaction Charges for Commodity Trading? | NA |
You need to place active orders; the ones you think will be profitable in order to maximize your wealth. So, you should be well versed with the fact that you are subject to Geojit Finance Transaction Charge payment for every other trade order you undertake.
Managing this charge is absolutely easy, as the charge will never amount to a hefty sum at the end. However, you need to pay different amounts for different segments i.e. Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options, and Commodity.
This fixed upon charge rate is 0.00325%, which is taken from the total turnover of the transaction.
What are the other remaining Geojit Finance Charges?
| Other Charges | |
| How much is the Transaction Charges levied? | 0.0002% of Total Turnover |
| What are the STT charges? | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on 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 |
| How much is the Stamp Duty levied? | (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% (MCX) |
| How are the GST charged? | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Any Margin Funding Charges? | 18% + GST |
| How much is the Reactivation Charge? | Rs 20 per instruction |
| Any charges Account Closure? | Rs 30 per instruction |
| What are the Dematerialisation Charges? | Nil + courier charges @ Rs 35/- |
These charges are the last set you should take into consideration; they are the other Geojit Finance Charges / Govt Charges. Yes, there are some of the government interferences, where you will be asked to pay a certain charge to the government, and it comprises of Transaction charges, STT charges, Stamp duty and finally GST.
Also, the final set of company charges are in line with the account closure and reactivation. For reactivation, you need to render Rs.20 per segment, and is Rs 30 for account closure.
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General FAQs on Geojit Finance Charges
Lets have a look at the FAQs on Geojit Finance Charges:
Does Geojit Finance provide fixed brokerage options?
No, the plans are structured to be flexible and investor friendly.
Does Geojit Finance have different brokerage charges for penny stocks?
No, penny stocks or otherwise, you will pay the same brokerage charges.
Can I calculate Geojit Finance brokerage even before I place a Trade?
Yes, we would recommend using the brokerage calculator for the same.
Can I calculate Geojit Finance margin / limit / exposure?
Yes, the margin calculator works out on your concern.
Is there any account opening fees by Geojit Finance?
Yes, the account bears an opening charge which should be paid for the services availed.
Is there any AMC levied by Geojit Finance?
No, AMC is off the list of charges and so your expenses are reduced here.
Geojit Finance Charges – Conclusion
If you wish to find the right stock broker which provides high class services but charges a decent set of charges, you should go for Geojit. The Geojit Finance Brokerage Charges are industry average and highly aspired by all the investors, which led to the increase in demand.
The article has already briefed on the Geojit Finance Charges, so you can now weigh in all the figures and make your final decision. It would be a great choice if you indeed choose Geojit Finance.
Open Demat Account with Geojit Finance Now! – Fill up the Form
Find out Brokerage Charges of other Stock Brokers
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