Do you want to know PhonePe Demat Account Charges don’t worry this article will provide the latest PhonePe Demat Account Charges in detail.
As you know, PhonePe is a finance company that provides various facilities from mobile recharge to money transfer. But now you will get to see one more facility called Share.Market where you can open a demat account and trading account to start an investment as well as trading in equity (stocks), Index, Mutual Funds, and more.
PhonePe Wealth Broking Private Limited, a subsidiary of PhonePe Private Limited, is registered as a stockbroker with the NSE and BSE, as a depository participant with CDSL, and as a mutual fund distributor with AMFI.
By the end of this article, you will know the PhonePe Demat Account Charges in detail to make informed decisions for your next financial growth steps.
What are the PhonePe Demat Account Charges/brokerage and regulatory charges on Share.Market?
| Charges | Amount |
|---|---|
| Account Opening Charges | Free Account Open |
| Equity Intraday | ₹20 per executed order or 0.05% whichever is lower |
| Equity Delivery | ₹20 per executed order or 0.05% whichever is lower |
| WealthBasket Platform Fees | Zero Platform fees for all WealthBaskets^ |
| Equity Delivery WealthBasket | Zero* per executed order |
| RMS or Auto Square off charges | Additional ₹30 per executed order placed through RMS / Auto Square off intraday or otherwise by PPWB |
| Charge Head | Equity Delivery | Equity Intraday |
|---|---|---|
| Security Transaction Tax | 0.1% on turnover | 0.025% on sell turnover |
| Exchange Transaction charges (NSE) | 0.00325% of turnover | 0.00325% of turnover |
| Exchange Transaction charges (BSE) | 0.00375% of turnover | 0.00375% of turnover |
| SEBI Turnover Fees | 0.0001% of turnover | 0.0001% of turnover |
| Stamp duty | 0.015% on buy turnover | 0.003% on buy turnover |
| IPFT | 0.0001% of turnover | 0.0001% of turnover |
Annual Maintenance Charges
| First Year | Nil |
| Second Year Onwards | ₹15 per month charged quarterly (in advance) |
Transaction Charges : (Market Trades)
| Buy(Receive) | Nil |
| Sell (Debit) | ₹13.50 per instruction per ISIN |
Transaction Charges : (Off-Market Trades)
| Buy(Receive) | Nil |
| Sell (Debit) | 0.04% or ₹50 whichever is higher |
| Demat (Per certificate) | ₹150 per certificate |
| Remat (Per certificate) | ₹150 per certificate |
| Courier charges per Demat/Remat/CMR | ₹100 |
| Pledge Request | ₹35 per request |
| Unpledge Request | ₹35 per request |
| Pledge invocation | ₹35 per request |
| Margin Pledge | ₹35 per request |
| Margin Unpledge | ₹35 per request |
| Margin Repledge | ₹35 per request |
Periodic Statement
| By Email | Free |
| Physical | ₹100 per request |
Adhoc / Non-Periodic Statement Requests
| By Email | ₹50 per request |
| Physical | ₹100 per request upto 10 pages, ₹5 per additional page |
Delivery instruction
| First Delivery Instruction Book | Free (10 Leaves) |
| Every Additional Booklet (10 Leaves) | ₹100 |
| Payment Bounce Charges | ₹350 |
| Failed Transactions | ₹50 per ISIN |
| Modification in CML such as Email, mobile, Address, Bank details and other profile details modification | ₹100 per request |
Above the (share.market) PhonePe Demat Account Charges mentioned are fetched from the official website of a Phonepe product called to share.market. So, in the future, any updates on charges can vary but don’t worry we check regularly and update this article.