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How is the refund of advanced brokerage computed for Cash Segment? On the transaction date, the transaction would be charged brokerage at 0.75%. The refund calculation will take place at the end of the 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. Example -
Refund calculation
The actual brokerage charged can be higher than Rs. 11,250/- as some trades may have been charged at a higher rate. This may happen when the trade value is below Rs. 3333/- and hence a flat brokerage of Rs. 25/- is charged. Service Tax, Securities Transaction Tax (STT), Transaction Charges and Stamp Duty will be charged additional as per the applicable rate. Please note that the refund will not be greater than Rs. 750/-. The refund amount will be computed only on the transactions on which brokerage has been charged. This volume is called the ‘Eligible Turnover’. Hence the square-off trades will not form part of the refund calculations. How is the refund of advanced brokerage computed for Margin Segment? On the transaction date brokerage would be charged at 0.05%. The refund calculation would take place at the end of the calendar month. Example –
Refund calculation
The actual brokerage charged can be higher than Rs. 40,000/- as some trades may have been charged at a higher rate. This may happen when the trade value is below Rs. 30,000/- and hence a flat brokerage of Rs. 15/- is charged. Service Tax, Securities Transaction Tax (STT), Transaction Charges and Stamp Duty will be charged additional as per the applicable rate. Please note that the refund will not be greater than Rs. 8,000/-. The refund amount will be computed only on the transactions on which brokerage has been charged. This volume is called the ‘Eligible Turnover for margin’. Refund will be calculated as a percentage of the Eligible Turnover for margin. How is the refund of advanced brokerage computed for FUTURES segment? On the transaction date brokerage would be charged at 0.05%. The refund calculation would take place at the end of the calendar month. Note: Eligible turnover of Futures will be clubbed for computation of incentive refund calculation. Example:
Refund calculation for Futures segment
The refund amount will be computed only on Eligible Turnover* |
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How is the refund of advanced brokerage computed for OPTIONS segment? On
the transaction date, brokerage would be charged at Rs 95 per contract. The
refund calculation would take place at the end of the calendar month.
Refund calculation for OPTIONS segment
*Eligible Turnover for futures doesn't include the second leg turnover of the intra-day squared off contracts where Rs. 15/- per lot has been charged. **Eligible Premium for Options doesn't include the second leg premium on the intra-day squared off contracts where Rs. 15/- per lot has been charged. |
