Too many posts since I last logged in and inquired about new slab of percent or 20 which ever is lower. Last time zerodha asked to wait till new month. Hope it has started. Kindly update me as I was out of town on dussera leave. Last I visited TJ was 28th Sep and on that day zerodha confirmed new slab will apply from 1st Oct. Kindly update.
Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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@everyone, it will be incorporated from monday onwards...
In NSE derivatives, real difference will happen only on mini nifty contracts... Most of the other contracts have value of atleast 2lk Rs and hence will make no difference.. On options again, the contract is anyways atleast 2lks, so will make no difference to existing structure...
It will make a difference in currencies and in the future commodities...
In NSE derivatives, real difference will happen only on mini nifty contracts... Most of the other contracts have value of atleast 2lk Rs and hence will make no difference.. On options again, the contract is anyways atleast 2lks, so will make no difference to existing structure...
It will make a difference in currencies and in the future commodities...
R
EPIC :clapping::rofl:
I'd thought of something on similar lines but looking at the nature of the forum, I kept things at "idiot", "moron", etc but kudos to you *bows down* :lol:
And I find it really appalling that we're supposed to anticipate warnings & yellow-cards for speaking against this menace but after posting so much tripe for 30-odd pages, this guy has been allowed to run rampant even though many many people in this thread have already vouched for his misdemeanor through their posts & by giving Thank Yous to those who've opposed him
I'd thought of something on similar lines but looking at the nature of the forum, I kept things at "idiot", "moron", etc but kudos to you *bows down* :lol:
And I find it really appalling that we're supposed to anticipate warnings & yellow-cards for speaking against this menace but after posting so much tripe for 30-odd pages, this guy has been allowed to run rampant even though many many people in this thread have already vouched for his misdemeanor through their posts & by giving Thank Yous to those who've opposed him
R
Ok, I don't want to sound like a broken record but isn't there anything you can do about Stamp Duty? I mean, so far as Transaction Charges go, I completely understand that its clearly not in your hands since you're new & don't clear your transactions, etc & therefore must pay high TC but there must be something that you could do with SD
I mean, what do other brokers do? How is it that other brokers are able to charge SD @ 0.001% EVEN THOUGH they have offices in Karnataka? Do these other brokers charge their Karnataka clients as per Karnataka Stamp Duty @ 0.01% & Maharashtra clients as per @ 0.001% & so on for clients in Gujarat, etc?
Can any Traderji member dealing with other brokers confirm this? What % Stamp Duty do you pay on your equities-intraday, F&O & commodities?
I mean, what do other brokers do? How is it that other brokers are able to charge SD @ 0.001% EVEN THOUGH they have offices in Karnataka? Do these other brokers charge their Karnataka clients as per Karnataka Stamp Duty @ 0.01% & Maharashtra clients as per @ 0.001% & so on for clients in Gujarat, etc?
Can any Traderji member dealing with other brokers confirm this? What % Stamp Duty do you pay on your equities-intraday, F&O & commodities?
@ new born trader:
you are a broken record...and now you sound like it also:clap::clap::clap:
We have requested Chidambaram to bring a bill offering freebies to some newbies
R
Just to put this whole Stamp Duty thing into context, I'm NOT talking about saving a few Rs. for people who trade Rs.10,000 or Rs.50,000 or Rs.1,00,000 (loss of Rs.0.90/-, Rs.4.5/- & Rs.9/- respectively for each) once in a blue-moon or once in a week or a month or several months; I'm talking about "intermediate traders" (those with average daily turnover of many lacs) with decent turnover.
So for example, an "intermediate/mid-size trader" with a daily turnover of 25 lacs will be paying Rs.50/- as per Karnataka's Stamp Duty while he could be paying Rs.25/- for the same turnover as per Maharashtra, Gujrat (?) & possibly some other states' Stamp Duty, which means a trader with a daily turnover of 25 lacs is suffering an unnecessary loss of Rs.25 every day. Imagine that
Similarly, if a trader's daily turnover is 20 lacs, he's suffering an unnecessary loss of Rs.30/-, it'd be Rs.40/- for a trader with a daily turnover of 10 lacs. These smaller losses every day can add up pretty quickly for regular traders & can really eat into the profits.
As I've clarified before, the "benefit" of Karnataka's Stamp Duty cap at Rs.50/- is only realized by those having a daily turnover of 50 lacs or more, everyone else below is losing out on upto Rs.45/-
So for example, an "intermediate/mid-size trader" with a daily turnover of 25 lacs will be paying Rs.50/- as per Karnataka's Stamp Duty while he could be paying Rs.25/- for the same turnover as per Maharashtra, Gujrat (?) & possibly some other states' Stamp Duty, which means a trader with a daily turnover of 25 lacs is suffering an unnecessary loss of Rs.25 every day. Imagine that
Similarly, if a trader's daily turnover is 20 lacs, he's suffering an unnecessary loss of Rs.30/-, it'd be Rs.40/- for a trader with a daily turnover of 10 lacs. These smaller losses every day can add up pretty quickly for regular traders & can really eat into the profits.
As I've clarified before, the "benefit" of Karnataka's Stamp Duty cap at Rs.50/- is only realized by those having a daily turnover of 50 lacs or more, everyone else below is losing out on upto Rs.45/-
your research into stamp duty is over...now find out
Transaction charges
STT
REPLY PARA WISE:clap::clap::clap:
@ new born trader:
you are a broken record...and now you sound like it also:clap::clap:
We have requested Chidambaram to bring a bill offering freebies to some newbies
you are a broken record...and now you sound like it also:clap::clap:
We have requested Chidambaram to bring a bill offering freebies to some newbies
Hey pal, it seems he's working very hard to get your wish to come true :lol:
Last edited:
Hi Newbie,
I ve been trading with Zerodha for some time now...Just to clear the confusion on Stamp Duty.. The Stamp duty Zerodha charges is 0.01% subject to a maximum of Rs 50/- ( that is the clarification I got when i enquired on Stamp Duty)...A turnover of 5,00,000 would result in Stamp Duty being charged at Rs 50/- (500000*0.01% is Rs 50 and not 50 lacs as you ve quoted)...1 lot of Nifty buy and sell and 5,00,000 T/O should be done...
I ve been trading with Zerodha for some time now...Just to clear the confusion on Stamp Duty.. The Stamp duty Zerodha charges is 0.01% subject to a maximum of Rs 50/- ( that is the clarification I got when i enquired on Stamp Duty)...A turnover of 5,00,000 would result in Stamp Duty being charged at Rs 50/- (500000*0.01% is Rs 50 and not 50 lacs as you ve quoted)...1 lot of Nifty buy and sell and 5,00,000 T/O should be done...
Just to put this whole Stamp Duty thing into context, I'm NOT talking about saving a few Rs. for people who trade Rs.10,000 or Rs.50,000 or Rs.1,00,000 (loss of Rs.0.90/-, Rs.4.5/- & Rs.9/- respectively for each) once in a blue-moon or once in a week or a month or several months; I'm talking about "intermediate traders" (those with average daily turnover of many lacs) with decent turnover.
So for example, an "intermediate/mid-size trader" with a daily turnover of 25 lacs will be paying Rs.50/- as per Karnataka's Stamp Duty while he could be paying Rs.25/- for the same turnover as per Maharashtra, Gujrat (?) & possibly some other states' Stamp Duty, which means a trader with a daily turnover of 25 lacs is suffering an unnecessary loss of Rs.25 every day. Imagine that
Similarly, if a trader's daily turnover is 20 lacs, he's suffering an unnecessary loss of Rs.30/-, it'd be Rs.40/- for a trader with a daily turnover of 10 lacs. These smaller losses every day can add up pretty quickly for regular traders & can really eat into the profits.
As I've clarified before, the "benefit" of Karnataka's Stamp Duty cap at Rs.50/- is only realized by those having a daily turnover of 50 lacs or more, everyone else below is losing out on upto Rs.45/-
So for example, an "intermediate/mid-size trader" with a daily turnover of 25 lacs will be paying Rs.50/- as per Karnataka's Stamp Duty while he could be paying Rs.25/- for the same turnover as per Maharashtra, Gujrat (?) & possibly some other states' Stamp Duty, which means a trader with a daily turnover of 25 lacs is suffering an unnecessary loss of Rs.25 every day. Imagine that
Similarly, if a trader's daily turnover is 20 lacs, he's suffering an unnecessary loss of Rs.30/-, it'd be Rs.40/- for a trader with a daily turnover of 10 lacs. These smaller losses every day can add up pretty quickly for regular traders & can really eat into the profits.
As I've clarified before, the "benefit" of Karnataka's Stamp Duty cap at Rs.50/- is only realized by those having a daily turnover of 50 lacs or more, everyone else below is losing out on upto Rs.45/-
Nope, there's no confusion, it has already been confirmed with Zerodha. The quote was quoted out of context.......may be reading this whole thing will help you get the whole picture
@ Zerodha/Sachin,
On Stamp Duty,
Well, this has been discussed many a times in these 400+ pages & you've extolled the "benefits" of you being in Karnataka & the Stamp Duty cap there, etc BUT the question is WHOM does it exactly benefit? Is it EVERYONE all the time? Hmm...
Well, State of Karnatata charges SD @0.01% ie Rs.1/- for a turnover of Rs.10,000 while it is @0.001% ie Rs.1/- for a turnover of Rs.1,00,000 in Maharashtra as the following article says.
http://articles.economictimes.india...n-stamp-duty-act-regional-commodity-exchanges
So it means that a trader whose daily turnover is 5 lacs is paying Rs.50/- of Stamp Duty with you while he could be paying Rs.5/- otherwise. Now, loss of Rs.45/- or even smaller losses, although not astronomical, are definitely worth considering & even smaller losses can add up over time, especially so when they're a RECURRING loss as is the case with SD.
The "benefit" of Karnataka's cap is only realized by traders whose daily turnover is 50 lacs or above, everyone else will be suffering upto Rs.45/- of unnecessary loss on every such day when they trade & their turnover is below 50 lacs.
SO, my question to you is, will it be possible for you guys to set up a NAMESAKE office in Maharashtra (or some other state with similarly low SD) & then charge all the traders who happen to have a turnover of less than 50 lacs for the day as per that state's SD @0.001% while all the traders who've traded 50 lacs or more for the day can still avail the benefit of Karnataka's cap of Rs.50/-
I don't know if this can or can't be done but as you've said earlier in the thread, "A penny saved is a penny earned" so I thought that I should put forward this suggestion & see if something like this is feasible for you guys. It could save some money for a lot of the traders who don't have a daily turnover of over 50 lacs.
On Stamp Duty,
Well, this has been discussed many a times in these 400+ pages & you've extolled the "benefits" of you being in Karnataka & the Stamp Duty cap there, etc BUT the question is WHOM does it exactly benefit? Is it EVERYONE all the time? Hmm...
Well, State of Karnatata charges SD @0.01% ie Rs.1/- for a turnover of Rs.10,000 while it is @0.001% ie Rs.1/- for a turnover of Rs.1,00,000 in Maharashtra as the following article says.
http://articles.economictimes.india...n-stamp-duty-act-regional-commodity-exchanges
So it means that a trader whose daily turnover is 5 lacs is paying Rs.50/- of Stamp Duty with you while he could be paying Rs.5/- otherwise. Now, loss of Rs.45/- or even smaller losses, although not astronomical, are definitely worth considering & even smaller losses can add up over time, especially so when they're a RECURRING loss as is the case with SD.
The "benefit" of Karnataka's cap is only realized by traders whose daily turnover is 50 lacs or above, everyone else will be suffering upto Rs.45/- of unnecessary loss on every such day when they trade & their turnover is below 50 lacs.
SO, my question to you is, will it be possible for you guys to set up a NAMESAKE office in Maharashtra (or some other state with similarly low SD) & then charge all the traders who happen to have a turnover of less than 50 lacs for the day as per that state's SD @0.001% while all the traders who've traded 50 lacs or more for the day can still avail the benefit of Karnataka's cap of Rs.50/-
I don't know if this can or can't be done but as you've said earlier in the thread, "A penny saved is a penny earned"
so I thought that I should put forward this suggestion & see if something like this is feasible for you guys. It could save some money for a lot of the traders who don't have a daily turnover of over 50 lacs.
Just to put this whole Stamp Duty thing into context, I'm NOT talking about saving a few Rs. for people who trade Rs.10,000 or Rs.50,000 or Rs.1,00,000 (loss of Rs.0.90/-, Rs.4.5/- & Rs.9/- respectively for each) once in a blue-moon or once in a week or a month or several months; I'm talking about "intermediate traders" (those with average daily turnover of many lacs) with decent turnover.
So for example, an "intermediate/mid-size trader" with a daily turnover of 25 lacs will be paying Rs.50/- as per Karnataka's Stamp Duty while he could be paying Rs.25/- for the same turnover as per Maharashtra, Gujrat (?) & possibly some other states' Stamp Duty, which means a trader with a daily turnover of 25 lacs is suffering an unnecessary loss of Rs.25 every day. Imagine that
Similarly, if a trader's daily turnover is 20 lacs, he's suffering an unnecessary loss of Rs.30/-, it'd be Rs.40/- for a trader with a daily turnover of 10 lacs. These smaller losses every day can add up pretty quickly for regular traders & can really eat into the profits.
As I've clarified before, the "benefit" of Karnataka's Stamp Duty cap at Rs.50/- is only realized by those having a daily turnover of 50 lacs or more, everyone else below is losing out on upto Rs.45/-
So for example, an "intermediate/mid-size trader" with a daily turnover of 25 lacs will be paying Rs.50/- as per Karnataka's Stamp Duty while he could be paying Rs.25/- for the same turnover as per Maharashtra, Gujrat (?) & possibly some other states' Stamp Duty, which means a trader with a daily turnover of 25 lacs is suffering an unnecessary loss of Rs.25 every day. Imagine that
Similarly, if a trader's daily turnover is 20 lacs, he's suffering an unnecessary loss of Rs.30/-, it'd be Rs.40/- for a trader with a daily turnover of 10 lacs. These smaller losses every day can add up pretty quickly for regular traders & can really eat into the profits.
As I've clarified before, the "benefit" of Karnataka's Stamp Duty cap at Rs.50/- is only realized by those having a daily turnover of 50 lacs or more, everyone else below is losing out on upto Rs.45/-
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