hii members,i am a customer of india infoline.today i bought 25000 shares of sanraa media at the rate of 0.20 paise/share which total of all shares is becoming 5000 rs. and when i saw my todays bill i shocked they charged me 1250 rs. as brokerage........how it is possible?....around 25% of total amount brokerage?...isnt it so harrassing?....members pls pls guide.. am going to speak ccare tomorrow..
I Think there is minimum brokerage of 0.50 Paisa for delivery per share for every hundred rupeee. But for these penny stocks IIFL charge individual brokerage of .50 paise / share
So it is like this,
You took delivery of sanraa media = 25,000 X 0.5 = 1,250
Now , when your going to sell again = 1,250 they will take
This happened to long time ago around 3 yrs back , so not sure still they have same rules still this is what i think your problem is..
Please call your IIFL broker and query the statement !
Sagay