Zerodha....

[Zerodha]

This is very interesting. I just looked at a contract note that I received from my Kotak Securities trade and they haven't charged any stamp duty at all.
I am thinking if I switch to Zerodha, I will be paying additional 50 rupees per trade.:annoyed:

Say, i purchase 1 share of Cipla at 300 and sell it at 350. I pay 40 rupees to Zerodha and on top of that another 50 rupees for stamp duty??

Hi....

About the stamp duty confusion... ... it is not 50rs per trade.... it is 0.01% stamp duty with a maximum stamp duty of Rs 50 per day of trading.... So once again to clarify the stamp duty is not Rs 50 per trade....

 

[Zerodha]

i had a horrible phone trading experience with zerodha .today i give them a call to square my open position anda also remove all the panding order at 12.30 pm . But just remove all pending order but didnt square open positiom. Causing me 16000 rs. When i call then about that they dont clear that problem and after that they didnt pick my phone also.

Hi Rakesh,

We would never not pick your call, there is no way to figure out who is calling or not.... I understand the confusion, but you need to understand that there is no need for us to not place an order for you...We don't make money on cancelled orders... Ideally when we trade over the phone we need to make sure to ask for the executed price and quantity which also acts as the confirmation of the trade.. If the dealer doesn't confirm the price and quantity, it is not a confirmed trade, with any broker in the country....
This said, I understand what you would be feeling, let me make sure that someone has called you up regarding this... Will also give you a buzz about this .......

 

[Zerodha]

Dear Zerodha,

Its super. Hope to start trading by tomorrow. Just waiting for funds to reach my trading account. I have a few doubts

1) When will NSE NOW be linked with SBI?
2) If i want to transfer money to my trading account, i should login to the bank account linked to the trading account and transfer money to A/c No 05230340001348 via NEFT. Isnt that right
3) Today afternoon 2 pm i transfered Rs100 ( as a precaution experiment ) in the above said manner to the above A/c No, by when will it be credited to my trading account and where will it show up

SBI has been pushing the account mapping, but we are pushing them hard for it, hoping to hear good news before month end...

Just checked, your fund transfer is already done, should be showing in your trading account...

Best of luck with your trading... Cheers...

 

[Zerodha]

Hi zerodhaonline....

There appears some confusion on the issue of Stamp duty which needs clarification. I am putting an example -

Suppose, I bought 5 lots of Nifty Call Options @ Rs 50, and sold all 5 lots @ Rs 51. Both transactions done in one trade , each for buy and sell. Also, assume that I did these trades on same day and didn't do any other trades on that day. Then, as per old calculator, the charges are -

Brokerage = 40
STT = 2.15
Transaction charges = 20.20
Stamp duty = 0.25
Service tax = 6.02
Education cess = 0.12
Higher education cess = 0.06

Total Charges = 68.80
MTM = 250
Net Profit = 181.20

What will be scenario with new rules of stamp duty in this case. Please elaborate/ calculate Net profit n new scenarion.

Everything else will be the same, stamp duty is 0.01%, hence instead of 0.25 rs it will be Rs 2.5...

Cheers...

 

[SCION]

Hi,
I have a request,can we have a forum kind of thing for existing clients to discuss things pertaining to zerodha and updates of zerodha on your site or a dedicated one.It would be really convenient for us(clients) and i am sure it wouldn't be too much of a burden for you guys too...Either way great going guys,a big thumbs up....

 

[abliss_ready]

I am planning on purchasing a mobile phone with Android Froyo 2.2.....Were you able to get the NSE Mobile App working on it with smooth order placement?

NSE has released an update of mobile application for android today. The issue seems to have been resolved. It is not crashing now when trying to trade options. However I did not execute the order today. Will try it tomorrow....

 

[rakesh.from]

Hi Rakesh,

We would never not pick your call, there is no way to figure out who is calling or not.... I understand the confusion, but you need to understand that there is no need for us to not place an order for you...We don't make money on cancelled orders... Ideally when we trade over the phone we need to make sure to ask for the executed price and quantity which also acts as the confirmation of the trade.. If the dealer doesn't confirm the price and quantity, it is not a confirmed trade, with any broker in the country....
This said, I understand what you would be feeling, let me make sure that someone has called you up regarding this... Will also give you a buzz about this .......

thanx for your reply i also get call from zerodha. But if my pending order is removed without squarring that also is not informed to me. Isint it their duty to tell me that my pending order is removed sucsessfully or not. And what is my open poisition after that. It may be a small mistake by dealer but cost me big money.

 

[trader31339]

Can you please give the tariff of IL&FS demat account.
I have read about SBI linking somewhere whats that ?
After I give payout request how much time does it takes to recieve money and most important question, do you have a call n trade facility if yes, will there be a dedicated fixed dealer for client or any RM assigned and how you people verify the client over phone any T-PIN given ?

 

[sylar123]

@zerodhaonline,

Thanks a lot.. I did 6 square equity transactions today and was charged less than what I have been paying for 1 square equity transaction with my previous broker .
I am still learning and lower brokerage really help to loose less money .

i was avoiding sending spam on this thread but I could not resist. Hoping to do a lot more transaction with you. Also your platform is awesome. I really loved it. I have not used any proper platform before but it really does have everything I can think of .

 

[columbus]

Can you please give the tariff of IL&FS demat account.
I have read about SBI linking somewhere whats that ?
After I give payout request how much time does it takes to recieve money and most important question, do you have a call n trade facility if yes, will there be a dedicated fixed dealer for client or any RM assigned and how you people verify the client over phone any T-PIN given ?

Now IL&FS has become HSBCdirectINVEST.But zerodha again & again mentioning
as IL&FS.Please clear my doubt.