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