Are there any charges for gifting stocks on FYERS?
There are no platform fees for using the stock gifting feature on FYERS — gifting is free of charge. However, a flat DP charge of ₹12.5 + 18% GST per stock (ISIN) is applicable for each gift transaction.
This fee is treated as an off-market demat transfer and is automatically debited from your account at the time of the gift execution.
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What are the tax implications of gifting stocks?
Gifting stocks carries unique tax implications for both the person giving the gift (the Gifter) and the one receiving it (the Giftee). For the Gifter: Capital Gains: As outlined in the Income Tax Act, the transfer of a capital asset would typically ...
What is DDPI, and what charges are associated with it at FYERS?
Demat Debit and Pledge Instruction (DDPI) is a SEBI-authorized facility that allows FYERS to debit or pledge shares from your Demat account without requiring TPINs or OTPs for each transaction. Once activated, it enables seamless selling and margin ...
What happens to my stocks after pledging at FYERS?
When you decide to pledge your stocks, they are not transferred to FYERS but rather sent to the exchange. Consequently, the exchange releases the margin corresponding to these stocks. FYERS, on its part, credits the pledge margins to your trading ...
What are the timings for gifting shares on FYERS?
You can initiate a gifting transaction anytime from 12:00 AM to 05:30 PM on a trading day. Here's what you need to know: If you start the gifting process within the aforementioned timeframe, the CDSL authorization will be sent between 6:00 PM to 7:30 ...
What is the procedure for the gifting of shares/ETFs/mutual funds in FYERS?
Gifting securities is an excellent way to share your investments with friends or family. Here’s how you can gift shares, ETFs, or Mutual Funds on FYERS: If the Giftee has a FYERS Account: Initiate the Gift: Go to ‘My Account’, and navigate to ...