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What is DP pool inter settlement charge and how much is the charge? When does this happen?

by | Jul 19, 2018 |

It is a charge of Rs. 14.5 + GST by the Broker to a client when he/she sell a stock before it is credited to his/her Demat account. Suppose you have bought stock today which is also called as the T-day (Trading day) but this stock takes T+2 days to credit to your Demat account and any sell order before the stock is credited to your Demat account it results in DP pool inter settlement charge as the stock need to be moved directly from the Pool account. Example Scenario Stock are bought On Stock supposed to be credited in Demat a/c as per settlement cycle 1 Monday Wednesday 2 Wednesday Friday 3 Wednesday Monday 4 Friday Tuesday   Please Note* In scenario 1, 2, and 4 the stocks are deposited/settled as expected on T+2 day but for scenario 3 the stocks are deposited/settled on T+3 day since there was a stock market holiday on either T+1 or T+2 day and as result the stock deposit/settlement got postponed to the next possible...

What is DP (Depository Participant) charge and why am I charged at month end?

by | Jul 19, 2018 |

DP Charge is levied by a DP (Depository Participant) for a sell transaction only and is charged when you avail Demat account service to hold the stock or mutual funds purchased. The charge is Rs.14.5+ GST per script irrespective of the value. It is charged at the month end because DP’s prefer to accumulate the charges for a month and charge it once at the month...

What is call N trade and is there any additional charges for it?

by | Jul 19, 2018 |

In case clients are unable to trade on their own due to various reasons including loss of internet connectivity etc., they can call Tradejini Dealing Desk to place orders on their behalf which is Call  N Trade,  In case of such orders, we charge a nominal fee of Rs. 20 + GST Per executed...