e-invest account
Account Opening Charges: Rs. 750
In case you open an account before March 31, 2000, the account opening
charge of Rs 750 can be set off against the brokerage paid by you for
all trades done till Sep 30, 2000. Thus if you do a volume of trade of
approximately Rs 2,00,000 till Sept 30, 2000 at the current brokerage
rates the entire account opening charges of Rs 750 would be refunded on
September 30, 2000. In case the brokerage paid by you till September 30,
2000 is less than Rs 750 (say Rs 500) only the same will be refunded.
Cash Product Commission Schedule:
Trades that result in delivery: 0.85%-* of value of trade all inclusive
with a minimum of Rs.150 per trade Trades that are squared off within
the settlement cycle: 0.85% for the first leg and no commissions for the
second leg. In case your volume in a quarter exceeds Rs 10,00,000, you
will get a rebate of 0.25% (i.e. effective brokerage of 0.60% against
standard brokerage of 0.85%). The rebate amount will be computed on all
the transactions done during the quarter and will be credited to your
account at the end of each quarter. The quarters for the purpose of the
computation are defined as: Q1 Jan1-March 31, Q2 April 1- June 30, Q3
July 1 - Sept 30, Q4 Oct 1- Dec 31. Start of trading using our cash product
is expected within the next few weeks subject to regulatory approvals.
For the current year the first quarter will be from commencement to 30th
June 2000 for computation of commissions.
*Inclusive of demat market transaction charges, service taxes, postage
charges for contract note.
Margin Commission Schedule:
To be announced later.
Bank Fee Schedule:
No minimum balance required for savings accounts opened with e-invest
account trades.
Demat Fee schedule:
Schedule of Charges (for Resident Non-Corporates)effective from November
1,1999