Zerodha - Number One Discount Broker in India

[Zerodha]

Zerodha
if you have Can you share the stamp duty rate for all the state with or without any cap?

We will be putting this up on our website soon.

 

[poortrader]

Yes based on the address proof for correspondence provided. This has suddenly become a nuisance with state governments starved for cash asking for stamp duty based on the address of residence and not based on brokers location. We have decided to comply with the state governments and don't want to risk this coming back to us and in turn our clients later on.

Does that mean you are going to charge as per residence proof for all states or only for those who have sent you notices?

 

[Zerodha]

Does that mean you are going to charge as per residence proof for all states or only for those who have sent you notices?

Right now only those who have sent us notices, but I guess all states are starved for cash and everyone will eventually send out notices.

 

[XUV-500]

Zerodha,
For customers belonging to states where u newly opened Support centre being charged as per that state's stamp structure.

Will this be applicable to NEW customers? Or old customer's stamp structure will also be changed acc to state ?

 

[Zerodha]

Zerodha,
For customers belonging to states where u newly opened Support centre being charged as per that state's stamp structure.

Will this be applicable to NEW customers? Or old customer's stamp structure will also be changed acc to state ?

These 3 states have sent notices to both us and the exchanges, hence we would be collecting and paying it those states for all our clients who belong to that state.

 

[Happy_Singh]

These 3 states have sent notices to both us and the exchanges, hence we would be collecting and paying it those states for all our clients who belong to that state.

So now the benefit from saving on stamp duty will no more be there for the clients from other states, any plans to rationalize the transaction charges?

Or the your high Transaction charges continue to be at 490/Cr for ever . . .


Happy

 

[Trader J]

These 3 states have sent notices to both us and the exchanges, hence we would be collecting and paying it those states for all our clients who belong to that state.

Zerodha was first discount broker, than they become last one by cost wise (For high volume intraday trader) due to lot of new discount broker......and after cut in stamp they will become very high cost broker !!!

 

[Happy_Singh]

Zerodha was first discount broker, than they become last one by cost wise (For high volume intraday trader) due to lot of new discount broker......and after cut in stamp they will become very high cost broker !!!

Maybe they are planning to come up with Zero Brokerage Plan, instead of Rs 20 per trade . . .

With Brokerage Refund on 60 days challenge it is already applicable to profitable traders . . .

Happy

 

[love2trading]

hi zerodha,

60Day challenge certificate will come by Courier??

If i win how i claim.. through mail ID , or through phone or it will automatically (refund and certificate) work..

pls reply.

thanks.

 

[Cubt]

hi zerodha,

60Day challenge certificate will come by Courier??

If i win how i claim.. through mail ID , or through phone or it will automatically (refund and certificate) work..

pls reply.

thanks.

Even I have the same question. Have completed both equity n commodity 60 days challenge. Certificate is just a soft copy or u will be sending hard copy as well.