A contract note is a legal record of all the trades executed on a given trading day. It includes the breakdown of all charges incurred for your transactions on that day. As per SEBI regulations, a contract note will be sent to your registered email address if you have made a trade on that day.

A contract note has User Information, Trade Information, and Charges.

User Information:

This contains basic information such as the date for which the contract note was created, the trading code, your name, and other details.

Trade information:

This contains all the trade-related information. If a single order includes multiple trades at different prices the contract note will have multiple entries for the same.

• Brokerage charges are calculated per order and not per trade. In the contract note, brokerage charges for each trade are grouped together and shown at the end. 
• The net rate and the gross rate will be the same as brokerage charges are shown as a separate entry
• The total amount due at your end (per trade) is shown in the Net Total column. Sell values are shown as negative or (-) and buy values are shown as positive or (+)
• In the end, pay-in and pay-out obligations, minus the charges are shown

Charges:

• Special charges like account opening fees, demat annual maintenance charges, auto square-off charges, fines, MTF interest, fund transfer charges for net banking, etc. will not be shown in the contract note as they are not part of the trade executed
• A contract note does not include scrip-wise charges, Annual Maintenance Charges (AMC), payment gateway charges, Depository Participant (DP) charges, call and trade charges and delayed payment charges. You can find these charge details in the cash ledger. 

Learn more about the breakdown of charges.