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Hi Sachin,

Thank you very much for your info -

I have one more last query
What is the least brokerage for a low value share.
For example say if a share price is rs 18.
I bought 1000 qnt @ 18 and sold 1000 @ 18.1
Now what will be the brokerage for the above trade (Intraday).
I am asking this since in my geojit trading account
For Intraday brokerage is 0.03% .
So 0.03% of 18 is 0.0054 rs but he would round off to 0.01 rs since it is the minimum brokearge for any share.
So total brokerage in his case is - 1000*0.01 + 1000*0.01 = 20 rs ( for buy and sell)
They calculate the brokerage as follows -

Brokarge for each share ( 18 * 0.03 % =0.0054 = 0.01 (min) ) * no of shares

But not on the total turn over.
But actually the brokerage should be -
Turn over = 1000* 18 = 18000 = 5.4 rs ( buy - 0.03% brokerage)
1000*18.1 = 18100 = 5.43 rs (sell - 0.03% brokerage)

Total brokerage should be rs 5.4 + 5.43 = 10.83 but it is 20 rs ( Ignoring stt and other xtra charges)

PLease confirm if the brokerage for the above trade for your side would be -

Turn over = 1000* 18 = 18000 = 1.8 rs ( buy - 0.01% brokerage)
1000*18.1 = 18100 = 1.81 rs ( sell - 0.01 % brokerage)

SO total brokerage on your side should be rs 1.8 + rs 1.81 = 3.61 rs (Ignoring stt and other xtra charges)

Best regards,
Sridhar