How does brokerage credit reversal work in FYERS?
FYERS Credits are automatically applied against eligible brokerage charges at the end of each trading day. You do not need to redeem the credits or submit a manual request for the adjustment.
Brokerage credit adjustment process
At the end of each trading day:
- The total brokerage charged for your trades is calculated.
- If FYERS Credits are available, the eligible brokerage amount is adjusted against your credit balance.
- If the brokerage exceeds your available credit balance, the remaining brokerage amount is charged as usual.
- Credits are used in the order in which they were earned, with the oldest credits applied first.
Charges covered by FYERS Credits
FYERS Credits can be used toward:
- Brokerage charges
- FYERS Prime subscription charges
Charges not covered by FYERS Credits
FYERS Credits cannot be used toward:
- MTF interest charges
- Exchange transaction charges
- SEBI charges
- Securities Transaction Tax (STT)
- Stamp duty
- DP charges
Note: FYERS Credits are applied only against eligible charges. Statutory, exchange-related, depository, and other excluded charges continue to be debited separately.
What If...
| Scenario | Solution |
|---|
| The available FYERS Credits are lower than the brokerage charged. | The available credits are applied first, and the remaining brokerage amount is charged as usual. |
| Multiple batches of FYERS Credits are available. | The oldest credits are used first. |
| FYERS Credits are available, but statutory or exchange charges are still deducted. | These charges are not covered by FYERS Credits and continue to be charged separately. |
Last updated: 06 Aug 2026
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