Charge List
Find full list of our rates and charges
| ProStocks Charges | Equity Intraday | Equity Delivery | Equity Futures | Equity Options |
|---|---|---|---|---|
| Brokerage | ₹15 Per Executed Order | ₹15 Per Executed Order | ₹15 Per Executed Order | ₹15 Per Executed Order |
|
or ₹899 Per Month (Unlimited trading in an exchange for a month) or ₹8,999 Per Year (Unlimited trading in an exchange for a year) |
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| Securities Transaction Tax (STT) | ₹2,500 per Crore (on Sell trade) | ₹10,000 per Crore (on Buy and Sell) | ₹1,000 per Crore (on Sell trade) | ₹5,000 per Crore (on Sell trade*) |
| Exchange Transaction Charges | NSE ₹325 per Crore BSE ₹300 per Crore Charge Details » |
NSE ₹325 per Crore BSE ₹300 per Crore Charge Details » |
NSE ₹190 per Crore BSE ₹50 per Crore |
NSE ₹5,000 per Crore BSE ₹2,500 per Crore |
| SEBI Charges | ₹15 per Crore | ₹15 per Crore | ₹15 per Crore | ₹15 per Crore |
| GST | 18% on Brokerage + Exchange Transaction Charges | 18% on Brokerage + Exchange Transaction Charges | 18% on Brokerage + Exchange Transaction Charges | 18% on Brokerage + Exchange Transaction Charges |
| Stamp Duty (Except Maharashtra and Rajasthan State Customers) | 0.01% (Max ₹50 per day) | 0.01% (Max ₹50 per day) | 0.01% (Max ₹50 per day) | 0.01% (Max ₹50 per day) |
| Stamp Duty (For Maharashtra State Customers) | ₹200 per Crore | ₹1,000 per Crore | ₹200 per Crore | ₹200 per Crore |
| Stamp Duty (For Rajasthan State Customers) | ₹300 per Crore | ₹1,200 per Crore | ₹120 per Crore | ₹120 per Crore |
* ₹12,500 per crore on exercised options payable by option buyer on the intrinsic value derived by (multiplying the difference of (exercised price minus strike price) to quantity) .
| ProStocks Charges | Currency Futures | Currency Options* |
|---|---|---|
| Brokerage | ₹15 Per Executed Order | ₹15 Per Executed Order |
|
or ₹499 Per Month (Unlimited trading in an exchange in a month) or ₹4,999 Per Year (Unlimited trading in an exchange in a year) |
||
| Securities Transaction Tax (STT) | Nil | Nil |
| Exchange Transaction Charges | NSE ₹90 per Crore BSE ₹22 per Crore |
NSE ₹4,000 per Crore BSE ₹100 per Crore |
| SEBI Charges | ₹15 per Crore | ₹15 per Crore |
| GST | 18% on Brokerage + Exchange Transaction Charges | 18% on Brokerage + Exchange Transaction Charges |
| Stamp Duty (Except Maharashtra State Customers) | 0.01% (Max ₹50 per day) | 0.01% (Max ₹50 per day) |
| Stamp Duty (For Maharashtra State Customers) | ₹200 per Crore | ₹200 per Crore |
| Stamp Duty (For Rajasthan State Customers) | ₹120 per Crore | ₹120 per Crore |
All rates are on option premium except excercised and assigned trades.
*Effective 1st Jan,2017 in BSE CDS. Refer BSE Circular for next revision BSE CIRCULAR FOR Currency Derivatives Charges.
*Effective 1st March, 2017 ₹18 per Crore in Futures and ₹1500 per Crore on Options Premium, in BSE CDS.
*Effective 1st May, 2017 ₹22 per Crore in Futures and ₹2000 per Crore on Options Premium, in BSE CDS.
*Effective 1st July, 2017 ₹25 per Crore in Futures and ₹2500 per Crore on Options Premium, in BSE CDS.
*Effective 1st Jan, 2018 ₹22 per Crore in Futures and ₹100 per Crore on Options Premium, in BSE CDS.
Charge Structure Explained:
At ProStocks we want it to be simple to offer you industry leading trading services at lowest brokerage. You can pay fixed monthly/yearly brokerage or flat fee brokerage (per executed order), whatever works for you. But no matter how you choose to pay, we are obligated to collect taxes and fees by regulations from you. There is nothing to add.
Please note that taxes and fees are subject to change.
Securities Transaction Tax (STT):
Securities Transaction Tax is collected by exchange from the broker on behalf of the client and paid to the Income Tax Department of Government of India. STT is charged at:
- Equity Delivery Trades: ₹10,000 per Crore (on both buy and sell).
- Equity Intraday Trades: ₹2,500 per Crore (only on the sell side).
- Equity Futures Trades: ₹1,000 per Crore (only on the sell side.
- Equity Options Trades: ₹5,000 per Crore (on sell premium value payable by option seller or writer).
- STT on Exercised and Assigned Trades: ₹12,500 per crore (on intrinsic values of trades, payable by option Buyer).
- Currency Derivatives: No STT.
Exchange Transaction Charges:
National Stock exchange of India (NSE) charges ₹325 per crore for Equity trades, ₹190 per crore for Equity Futures, ₹90 per crore for Currency Futures, ₹5,000 per Crore for Equity Options on premium value and ₹4,000 per Crore for Currency Options on premium value.
Bombay Stock Exchange(BSE) charges ₹300 per crore for Equity trades except XC, XD, XT, Z and ZP groups, ₹50 per crore for Equity Futures, ₹15 per crore for Currency Futures, ₹2,500 per Crore for Equity options on premium value and ₹1000 per Crore for Currency Options on premium value. BSE\A0transaction charges in XC, XD, XT, Z and ZP groups\A0is ₹10,000 per crore.
*Effective 1st Jan.,2017 in BSE CDS. Refer BSE Circular for next revision BSE CIRCULAR FOR Currency Derivatives Charges.
*Effective 1st March, 2017 ₹18 per Crore in Futures and ₹1500 per Crore on Options Premium, in BSE CDS.
*Effective 1st May, 2017 ₹22 per Crore in Futures and ₹2000 per Crore on Options Premium, in BSE CDS.
*Effective 1st July, 2017 ₹25 per Crore in Futures and ₹2500 per Crore on Options Premium, in BSE CDS.
*Effective 1st Jan, 2018 ₹22 per Crore in Futures and ₹100 per Crore on Options Premium, in BSE CDS.
SEBI Fee:
Securities and Exchange Board of India (SEBI) is market regulator. SEBI charges ₹15 per crore of trades for each exchange and segment.
Stamp Duty:
We process and execute contract notes of our clients resident outside Maharashtra at our registered office at Daman and charge them stamp duty at the rates applicable in the Union Territory of Daman and Diu.
For clients residing in Maharashtra & Rajasthan, we process and execute contract notes at Mumbai & Bhilwara and charge them stamp duty as applicable in Mumbai & Bhilwara, Maharashtra and Rajasthan respectively.
GST:
GST is charged at 18% on brokerage and transaction charges. GST is not payable on SEBI fee, STT and Stamp charges.
Call & Trade:
Additional brokerage of ₹10 per executed order.
Documentation Charges and Franking Charges:
Account opening is free.
DP charges:
₹8 + ₹5.5 (CDSL) per scrip on sell side for equity delivery trades plus 18% GST.
Annual Maintenance Charges (AMC):
There is no AMC for our trading account as well as demat account. We collect ₹1,000 refundable deposit for demat account which is refunded at time of account closing.
Physical Contract Note Charges:
Clients who opt to receive physical contract notes by courier will be charged ₹50 per contract note plus courier charges at actual.
FAQs
Our account opening charges are Rs 300, which is waived currently as promotional offer. Our trading as well as demat account are zero AMC. We charge Rs 1000 refundable deposit for demat account.
Following document are required to open individual account in Equity Segment :
- One photograph of Client
- PAN card
- Address proof
- cancelled cheque leaf having pre printed name of account holder or Bank statement having Name , Address and IFSC code
Any one document out of the following eight document required for opening account for Equity Derivatives or Currency Derivatives in addition to above given list :
- Copy of ITR Acknowledgment.
- Copy of Annual Accounts.
- In case of Salary Income - Salary Slip, Copy of Form 16.
- Net Worth Certificate having Net Worth of more than Rs 2 Lakh.
- Copy of demat account holding statement having holding value of more than Rs 2 Lakh.
- Bank account statement for last 6 months having reasonable transaction to suggest Net Worth of more than Rs 2 Lakh
- Self declaration with relevant supporting documents.
- Any other relevant documents substantiating ownership of Assets.