Pricing Details
Tariff for Demat and Trading Account
There will be Zero Brokerage across all product segments (Equity, F&O and WealthBaskets) till 31 March, 2025 for demat accounts opened on or before December 31, 2024. Pledge / Unpledge charges for creating collateral limits are waived-off during the offer period.
Tariff for Trading Account till 31st March, 2025 for demat accounts opened on or before December 31, 2024:
Charges Amount Equity Intraday ₹0 per executed order Equity Delivery ₹0 per executed order F&O - Futures ₹0 per executed order F&O - Options ₹0 per executed order WealthBasket Platform Fees Zero Platform fees for all WealthBaskets Equity Delivery WealthBasket ₹0 per executed stock order RMS or Auto Square off charges ₹30 per executed order placed through RMS / Auto Square off intraday or otherwise by PPWB Pledge / Unpledge charges for Collateral limits waived off / refunded back
Any extensions in the above Free Brokerage period will be communicated in advance.For Demat accounts opened on or before 31st Dec, 2024, post the offer period ending on 31st March, 2025; the following Tarrif will apply:
Charges Amount Equity Intraday ₹20 per executed order or 0.05% whichever is lower Equity Delivery ₹20 per executed order or 0.05% whichever is lower F&O - Futures ₹20 per executed order F&O - Options ₹20 per executed order WealthBasket Platform Fees Zero Platform fees for all WealthBaskets^ Equity Delivery WealthBasket ₹20 per executed stock order or 0.05% whichever is lower RMS or Auto Square off charges Additional ₹30 per executed order placed through RMS / Auto Square off intraday or otherwise by PPWB Pledge / Unpledge charges for Collateral limits Refer "Tariff for Demat Account" section
In addition to the brokerage, the following charges will be levied subject to change from time to time as per regulatory frameworkCharge Head Equity Delivery Equity Intraday F&O - Futures F&O - Options Securities Transaction Tax 0.1% on turnover 0.025% on sell turnover 0.02% on the sell side 0.10% on sell side (on premium). 0.125% of the intrinsic value on options that are bought and exercised. Exchange Transaction charges (NSE) 0.00297% of turnover 0.00297% of turnover 0.00173% of turnover 0.03503% (on premium) Exchange Transaction charges (BSE) 0.00375% of turnover 0.00375% of turnover 0 Sensex and Bankex Options (All Expiries) – 0.0325% (on premium)
All other options- 0.005% (on premium)SEBI Turnover Fees 0.0001% of turnover 0.0001% of turnover 0.0001% of turnover 0.0001% of turnover Stamp duty 0.015% on buy turnover 0.003% on buy turnover 0.002% on buy side 0.003% on buy side IPFT 0.0001% of turnover 0.0001% of turnover 0.0001% of turnover 0.0005% of premium Notes:
- Brokerage will not exceed the rates specified by SEBI and the Exchanges.
- ^ Valid till 31 March, 2025; for accounts opened before 31st December, 2024
- Clients who opt to receive Physical contract notes will be charged ₹50 per contract note. In case of ECN bounce Rs. 100 per contract note would be charged by debiting your ledger towards courier and handling charges.
- Charges for other value added services will be applicable at the time of availing such service
- Fund transfer charge of ₹15 per transaction except for UPI transactions
- Interest will be levied at 18% per annum on the outstanding amount beyond settlement date till the date of payment and will be charged on daily basis
- GST is applicable on all above charges except stamp charges
- PPWB acts as a distributor of mutual funds. Disputes with respect to the distribution activity would not have access to Exchange investor redressal or Arbitration mechanism.
- PPWB as a SEBI registered research analyst provides WealthBaskets.
- Transaction/Turnover Charges for other segments :
BSE transaction charges in X, XT and Z groups to ₹10,000 per crore and group P and ZP groups to ₹1,00,000 per crore of gross turnover.
Tariff for Demat Account
Details Charges Stamp charges payable upfront for DDPI Nil Account Maintenance Charges (Regular Account, Non BSDA) First Year Nil Second Year Onwards As per the regular account ₹180 p.a i.e ₹45 per Quarter charged quarterly in advance Account Maintenance Charges (BSDA)** First Year Nil Second Year Onwards - Upto ₹4 lacs* - Nil
- More than ₹4 lacs but upto ₹10 lacs - ₹100 per year i.e ₹25 per Quarter charged quarterly in advance
- More than ₹10 lacs - As per the regular account ₹180 p.a i.e Rs 45 per Quarter charged quarterly in advance
Transaction Charges : (Market Trades) Buy(Receive) Nil Sell (Debit) ₹13.25 per instruction per ISIN (Including CDSL charges of ₹ 3.25)# Transaction Charges : (Off-Market Trades) Buy(Receive) Nil Sell (Debit) 0.04% or ₹50 whichever is higher (Including CDSL charges of ₹ 3.25)# Demat (Per certificate) ₹150 per certificate Remat (Per certificate) ₹150 per certificate Courier charges per Demat/Remat/CMR ₹100 Pledge Request ₹20 per request Unpledge Request ₹20 per request Pledge invocation ₹20 per request Margin Pledge ₹20 per request Margin Unpledge ₹20 per request Margin Repledge ₹20 per request Periodic Statement (Regular Account, Non BSDA) By Email Free Physical ₹100 per request Adhoc / Non-Periodic Statement Requests (Regular Account, Non BSDA) By Email ₹50 per request Physical ₹100 per request upto 10 pages, ₹5 per additional page Delivery instruction First Delivery Instruction Book Free (10 Leaves) Every Additional Booklet (10 Leaves) ₹100 Payment Bounce Charges ₹350 Failed Transactions ₹50 per ISIN Modification in CML such as Email, mobile, Address and other profile details modification ₹100 per request Note:
# CDSL charges of Rs 3.25 after considering a discount of Rs 0.25 for female demat account holder (as a first holder), MF and Bond ISINs.
* Value of Holdings in the Demat Account
** BSDA is based on the holding value and accounts with Depositories
If BSDA client requests for a physical statement, Rs 25 per statement will be applicable. All other on-market and off-market transactions related charges as mentioned above shall be applicable to BSDA.
For all purposes, the bill date shall be construed as the date demanded and the bills will be considered as the bill cum notice for payment.
PhonePe Wealth Broking Private Ltd. reserves the right to freeze depository accounts for debit transactions in case of non payment of charges after two days from the bill date.
The above tariff is subject to change.
Changes if any will be intimated 30 days in advance.
Account Maintenance Charge (AMC) is non refundable.
GST is applicable on all above charges except stamp charges.Any instruction to PPWB to transfer securities from customer’s account shall be rejected by PPWB, if there is any debit balance or any unpaid amounts due as per this tariff sheet to PPWB.