As per Last NSE Circular Dated…18Dec2020…Transaction Charges on NSE , are as per Monthly Turnover of Trading Member but Zerodha(and every other brokers) are charging Highest
Transaction Charges…So…are Zerodha and others large brokers who have huge turnovers are making Profit from Transaction Charges
Ex1: Cash Market NSE Transaction Charges is…
But Zerodha is charging 3.45 Rs on Each Side(per 1 lac) despite its turnover will fall in highest slab for which transaction charges is 3.2 Rs(per 1 lac)
Ex2: Equity Option Transaction Charges is…
But Zerodha is charging 53 Rs on Each Side(per 1 lac premium turnover) despite its turnover will fall in highest slab for which transaction charges is 33 Rs(per 1 lac) premium turnover)
Sir, Please reply to the Query
Also, attached is the NSE Circular
The answer is Yes.
Although zerodha shows that equity delivery is free, they make profit from the transaction charges. Nothing is free.
Is it confirmed…?
and one more Query…it means…they are collecting extra GST too…on higher transaction charges…as in fact.they pay low GST…it seems illegal?
nothing is illegal when government gets its share (taxes)