What Is a Contract Note and When Do You Receive It from FYERS?
At FYERS, a Contract Note (also called an Electronic Contract Note or ECN) is a legally binding confirmation of all trades executed on your behalf on a given trading day. It provides complete transparency and serves as official proof of your transactions for record-keeping, auditing, and tax compliance.
Why Do You Receive a Contract Note
FYERS sends a Contract Note to your registered email address every time you trade or invest. This ensures full transparency, regulatory compliance, and gives you a verified summary of all orders executed during the day.
- Proof of Trade: Confirms each executed order with date, time, quantity, and price.
- Regulatory Requirement: Issued in accordance with SEBI and exchange guidelines.
- Transparency and Verification: Allows you to review execution details and applicable charges.
- Legal Record: Acts as a formal agreement between you and FYERS for all completed trades.
What Does the Contract Note Contain
Each Contract Note from FYERS includes comprehensive trade and charge information, clearly presented for easy reference.
- Client Information: Name, PAN, client ID, and registered address.
- Order and Trade Details: Order number, trade ID, timestamps, exchange name, and scrip symbol.
- Execution Data: Quantity, price, and for derivatives, the closing rate per unit.
- Charges Breakdown: Brokerage, STT/CTT, GST, SEBI fees, and stamp duty.
- Settlement Summary: Net amount payable or receivable and contract date.
Tip: FYERS sends Contract Notes at the end of each trading day via email. You can also download them anytime from the “Reports → Contract Notes” section in your FYERS account.
Why Is the Contract Note Important
- Serves as an authoritative record of your daily trades.
- Helps track brokerage and statutory charges accurately.
- Required for income tax filing and capital gains reporting.
- Acts as a compliance document in case of audit or regulatory verification.
What If...
| Scenario | Explanation |
|---|
| I do not receive my Contract Note | Check your registered email (including spam or promotions folder). You can also download it from your FYERS account dashboard. |
| I notice an error or discrepancy | Contact our support team with details for review and correction. |
| I need it for tax or audit purposes | Contract Notes are recognized legal proofs for P&L and capital gains reporting under income tax laws. |
| I want to verify charges or execution prices | Cross-check the Contract Note with your Trade Book or FYERS ledger for confirmation. |
FYERS issues Contract Notes electronically each day after market close for all executed orders. No manual action is required from your end.
Last updated: 07 Nov 2025
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