Brokerage House

POSTED BY Parag Shah ON July 13, 2011 7:22 pm COMMENTS (2)

Dear Friends,

I want to open an account to brokerage house and I have some queries. Please Help me. Following are the questions:
    
1) If I have already have a DEMAT account in a Bank then also it is necessary to open an account in Brokerage House?

2) After entry fee could Brokerage Houses take the annual charges?

3) Is there are any hidden charges?

4) How much of amount I will keep as Deposit to Brokerage House?

5) For example if I buy a 10 shares of “ABC” company (Not intraday) for 500 Rs. And I am taking the delivery of that share. If brokerage charges are 0.50 paisa then how much I have to pay? 

6) Kindly suggest me good Brokerage Houses? 

Thanks In Advance

2 replies on this article “Brokerage House”

  1. Parag Shah says:

    Dear Manish
    Thanks for information and valuable time.
    Parag

  2. 1) No there is no distinction between brokerage houses . you bank is also a broker .

    2) Yes , why not . Thats why they are entertaining you , to charge in future .

    3) No exactly , there are annual charges , and brokerage charges at the time of transations .

    4) I dont know anything like that , what do you mean by deposit ? I think there is nothing like that , I have a ICICI demat account , which is totally empty and without any deposit

    5) There are different models of charging . Generally its on the transaction amount , so if your total transaction amount is Rs 500 and brokerage is 0.5% , then its Rs 2.5 , and plus STT , it will be anywhere from 3-5 (not very sure of the exact figure)

    Manish

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

Check your Email and Click on the Confirmation Link

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

Check your Email and Click on the Confirmation Link