Zerodha Part 2

[Zerodha]

Hi Zerodha,

How much is the STT charge for NSE EQ intraday segment ? I was charged Rs 109 in Contract Note.

I guess max STT is Rs 50 ...is not it ? Why contract notes shows Rs 109 ?

Can you please clarify ?

STT is security transaction tax, this is not Rs 50 per contract note.. STT is 0.025% on selling side for intraday equity..

 

[Zerodha]

Hi zerodha can u plz explain this :

""
So irrespective of whether it is 1 lot or 300 lots you will pay a maximum brokerage of only Rs 20 (10000/200 lots, maximum number of Nifty that can be traded in one order as per NSE regulations, ensure you never place an order on Nifty for more than 10000 to avoid your order being frozen by the exchange, once frozen the exchange might take as many as 5 hours to unfreeze the order until which your margins get blocked).
""

I have following doubts:
1) What is 200 figure in 10000/200 lots
2) Is limit of 10000 on number of orders on one strike or all strikes combined. Say if one place an order of 6000 Lots on Strike 5900CE and 6000 Lots on 5800CE will this be considered as 12000 lots combined .

Thanks

NSE has put a limit on maximum lots per order this was 300 lots a while back, but now has been reduced to 200 lots.. 1 lot of nifty = 50, so 200 lots = 10000 per order.

10000 is the maximum nifty order you can place every order. you can place multiple such orders no restrictions on that.

The only other restriction is that an individual cannot hold more than 2.5% of the open Interest on any contract. You wouldn't have to worry about this especially while trading nifty.. .. This number would be very high..

 

[megapixel]

STT is security transaction tax, this is not Rs 50 per contract note..

it is fixed in Derivative segment ? right ? i.e Rs 50 per contact note (Karnataka State) for Derivative.

STT is 0.025% on selling side for intraday equity..

Ok...fine.


I thought EQ intraday trading is less expansive than Future & Options.....

 

[soft_trader]

it is fixed in Derivative segment ? right ? i.e Rs 50 per contact note (Karnataka State) for Derivative.

I thought EQ intraday trading is less expansive than Future & Options.....

1. Karnataka stamp duty of maximum Rs. 50/- is fixed for all segments. It is charged on per ECN basis.

2. Intraday EQ is more costly than FNO

 

[a1b1trader]

it is fixed in Derivative segment ? right ? i.e Rs 50 per contact note (Karnataka State) for Derivative.

Hi MP
You are confusing between STT (security transaction tax) and stamp duty.
The two are different taxes/duties/levies of central and state government respectively.
STT (security transaction tax) is payable on sell leg only (not on buy leg) of the transaction value of derivative or equity, while Stamp Duty is payable on total (buy + sell) value of the transaction of the day as per ECN, and it is capped at Rs 50 per contract note in Karnataka state.

 

[kmsvkj]

hi! .. I have a query ... Incase I write an option (put/call) and then at a later point buy the option (say at a lower price) ..would the margin get released ?

 

[Zerodha]

OS Name Microsoft Windows XP Professional
Version 5.1.2600 Service Pack 3 Build 2600
OS Manufacturer Microsoft Corporation
System Name COMPUTER_1
System Manufacturer Hewlett-Packard
System Model Presario M2000 (EV879PA#ACJ)
System Type X86-based PC
Processor x86 Family 15 Model 44 Stepping 2 AuthenticAMD ~1794 Mhz
BIOS Version/Date Hewlett-Packard F.23, 06/02/2006
SMBIOS Version 2.31
Windows Directory C:\WINDOWS
System Directory C:\WINDOWS\system32
Boot Device \Device\HarddiskVolume1
Locale United States
Hardware Abstraction Layer Version = "5.1.2600.5512 (xpsp.080413-2111)"
User Name COMPUTER_1\user
Time Zone India Standard Time
Total Physical Memory 1,280.00 MB
Available Physical Memory 399.63 MB
Total Virtual Memory 2.00 GB
Available Virtual Memory 1.96 GB
Page File Space 3.44 GB
Page File C:\pagefile.sys

Also i dont have prob in viewing charts , only the data table crashes when opened.

Exactly what I speculated the issue would be about. Windows XP was first released 11 years ago and the last stable release was 5 years ago! There have been no upgrades on the OS since then. I'd suggest you upgrade to Windows 7 at least. This way you'll have a system with near latest configuration and won't have a problem viewing data table or charts. Also, it is advisable to increase the RAM on your system. In your specific case, maybe just increasing the RAM and getting administrative privileges will help.

 

[Zerodha]

hi! .. I have a query ... Incase I write an option (put/call) and then at a later point buy the option (say at a lower price) ..would the margin get released ?

Yes, most definitely. The margin blocked for shorting an option will be released immediately after buying it back.

 

[rjks]

I have a query regarding call and trade option. I know that you charge Rs. 20 extra for call and trade option. My query is that if I had placed the orders in NEST Trader on my own with position, target and stop loss and if any one of them hit, and if i call you and cancel either the stop loss or target do you charge Rs. 20 for it?

 

[Zerodha]

I have a query regarding call and trade option. I know that you charge Rs. 20 extra for call and trade option. My query is that if I had placed the orders in NEST Trader on my own with position, target and stop loss and if any one of them hit, and if i call you and cancel either the stop loss or target do you charge Rs. 20 for it?

You can most definitely call our office and ask our dealers to cancel any order you wish to cancel. You'd be happy to hear that we do not charge your for cancelling any order. In fact, we charge you only if the order was placed by our dealer and was executed at the exchange.