Why aren't DP charges included in the contract note at FYERS?
Depository Charges, often referred to as DP charges, are fees imposed by depositories for equity share transactions in your Demat account. On the other hand, the contract note lists all the trading-related and transactional costs, such as brokerage, STT/CTT, GST, etc., along with the details of trades executed on exchanges like NSE, BSE, or MCX. Given that DP charges are incurred for the trade by a distinct entity, they are independently represented in the Ledger as a specific line item.
Related Articles
What are the DP charges at FYERS?
At FYERS, we continually strive to provide competitive pricing. Initially, we charged a DP fee of ₹10 + ₹5.5 (CDSL charges) + 18% GST on the sum of ₹15.5 for the sale-side of delivery transactions settled on T+2 days. However, effective from 5th ...
Do I need to pay DP charges for Buy Today Sell Tomorrow (BTST) transactions at FYERS?
Yes, from 19th July 2021 onwards, DP charges will apply to BTST trades due to changes in the settlement process. Previously, DP charges were not levied on such trades. Let’s delve into understanding the impact of these changes and how DP charges have ...
What are the brokerage charges for currency Futures & Options at FYERS?
At FYERS, for currency futures, we adopt a flat pricing policy, similar to equity futures. You will be charged either ₹20 per executed order or 0.03% of the transaction value, whichever is lower. For currency options, a fixed charge of ₹20 is levied ...
Are there Annual Maintenance Charges (AMC) at FYERS?
No, FYERS does not impose any Annual Maintenance Charges (AMC). However, it's essential to note that clients who opened their accounts between 1st April 2020 and 4th June 2021 were subjected to AMC charges until 30th September.
Why might the actual charges differ from estimated charges on order execution?
Price break up is the estimated pricing chart which contains break up of brokerage and other charges to be levied if you place a specific order. The charges levied in the contract note might vary from the price break up table due to any of the ...