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HDFC Sky Charges: Brokerage Charges, Demat Charges and More

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HDFC Sky Charges: A Complete Overview

HDFC Sky Charges: A Game-Changer?

Conclusion

In the ever-evolving world of finance, staying informed about the charges associated with your investments is crucial. HDFC Securities, a leading name in the financial services industry, understands this need and has launched HDFC Sky, an all-in-one mobile app designed to cater to the needs of investors and traders of all experience levels. The key focus of HDFC Sky is to provide transparency and clarity in terms of pricing, ensuring that users only pay for what they use.

One of the standout features of HDFC Sky is its transparent pricing structure. Investors often grapple with the complexity of brokerage charges and other fees associated with trading and investing. HDFC Sky aims to simplify this process by providing complete clarity on how much you pay for each trade. Explore how this innovative app is revolutionizing the way people participate in the financial markets.

Open an account with Angel One.

HDFC Sky Charges: A Complete Overview

Get an idea about the HDFC Sky charges, including HDFC Sky brokerage charges, HDFC Sky demat charges, HDFC Sky margin charges, HDFC Sky statutory charges and more.

HDFC Sky Charges: Account Opening Charges

Free.

HDFC Sky Charges: US Stocks Brokerage Charges

5 Cents per share.

Read our post on – HDFC Securities to Zerodha: How to Transfer Shares?

HDFC Sky Charges: Equity Brokerage Charges

  • Intraday order: INR 20 or 0.1% (Whichever is lower)
  • Delivery order: INR 20 or 0.1% (Whichever is lower)

HDFC Sky Charges: Currency Brokerage Charges

  • Currency Options Carry Forward: INR 20 per order
  • Currency Options Intraday: INR 20 per order
  • Currency Futures Carry Forward: INR 20 or 0.1% (whichever is lower)
  • Currency Futures Intraday: INR 20 or 0.1% (whichever is lower)

HDFC Sky Charges: Derivative Brokerage Charges

  • Derivative Options Carry Forward: INR 20 per order
  • Derivative Options Intraday: INR 20 per order
  • Derivative Futures Carry Forward: INR 20 or 0.1% (whichever is lower)
  • Derivative Futures Intraday: INR 20 or 0.1% (whichever is lower)

HDFC Sky Charges: Commodity Brokerage Charges

  • Commodity Options Intraday: INR 20 per order
  • Commodity Options Carry Forward: INR 20 per order
  • Commodity Futures Intraday: INR 20 or 0.1% (whichever is lower)
  • Commodity Futures Carry Forward: INR 20 or 0.1% (whichever is lower)

HDFC Sky Charges: Margin Charges

  • Interest on margin against collateral for Derivatives: 12%
  • Equity: Interest on MTF product: 12%

HDFC Sky Charges: Demat Charges

  • Demat Transaction Charges: INR 20
  • Demat AMC: INR 20 per Month (Free for the first year)
  • Pledge Creation: INR 20
  • Pledge Invocation: INR 20
  • Dematerialization Charges: INR 50 per Share Certificate + Courier Charges

HDFC Sky Charges: Statutory Charges

  • Futures Transaction Charges: NSE: 0.00230%
  • Delivery Transaction Charges: NSE: 0.00325% | BSE: 0.00325%
  • Options STTperCTT: 0.0625% on Sell side (on premium)
  • Intraday STTperCTT: 0.025% on Sell side
  • Equity Delivery STTperCTT: 0.1% on Buy & Sell
  • Intraday Transaction Charges: NSE: 0.00325% | BSE: 0.00325%
  • Futures STTperCTT: 0.0125% on Sell side
  • Delivery GST: 18% on (Brokerage + Transaction Charges + SEBI Charges)
  • Options Transaction Charges: NSE: 0.056% (on premium)
  • Intraday GST: 18% on (Brokerage + Transaction Charges + SEBI Charges)

HDFC Sky Charges: Other Charges

  • ETF Delivery: INR 20 or 0.1% (whichever is lower)
  • ETF Intraday: INR 20 or 0.1% (whichever is lower)
  • RMS Square up (additional): INR 20 or 0.1% (whichever is lower)
  • Call & Trade Charges: INR 20 per Call
  • Payment Gateway Charges: UPI FREE, Netbanking as per bank fee per transaction
  • Physical Contract Note: INR 20 per Contract Note + Courier Charges
  • US Payment Charges: During fund withdrawal: $10, During fund addition: $5 (Only first time)

With this comprehensive breakdown of charges, HDFC Sky ensures that investors have full visibility into the costs associated with their transactions, allowing for better financial planning and decision-making.

Read on – HDFC Sky Review: Should You Go for This Discounted Broking App?

HDFC Sky Charges: A Game-Changer?

Take a peek into what makes HDFC Sky a game-changer in terms of pricing:

  • Simplified Fee Structures: HDFC Sky breaks down pricing into easily understandable components. Whether you are trading in equities, derivatives, currencies, or commodities, the app provides a clear and concise fee structure, leaving no room for confusion. This simplification is especially beneficial for investors who are new to the market.
  • Competitive Charges: HDFC Sky offers highly competitive charges that are designed to be affordable for a wide range of investors. Whether you are a retail investor or a seasoned trader, the app ensures that you pay a fair price for the services you receive, leveling the playing field for all.
  • Clarity in Statutory Charges: Statutory charges, such as STT, CTT, GST, and transaction fees, are presented with utmost transparency. Investors can easily understand and calculate these charges, helping them budget and plan their investments effectively.
  • Accessibility: HDFC Sky’s pricing structure is accessible to all, ensuring that investors with varying levels of capital can participate in the financial markets without being burdened by exorbitant fees. This democratization of pricing aligns with the broader goal of making finance inclusive.
  • Complete Control: With HDFC Sky, investors have complete control over their costs. The app’s pricing clarity allows users to optimize their investment strategies, choose the most cost-effective trading options, and ultimately maximize their returns.

HDFC Sky is poised to be a true game-changer in the financial industry by revolutionizing pricing transparency. With its simplified and competitive pricing, it levels the playing field and ensures that financial markets are accessible and equitable for all. Investors can now have complete visibility into how much they pay for each trade, eliminating any ambiguity or guesswork. This level of transparency empowers users to make well-informed decisions while managing their investments.

Open an account with Upstox.

Conclusion

HDFC securities is trustworthy and renowned broker in india. Previously they were charging brokerage in terms of % of transaction amount which used to be higher compared to presently popular discount brokers. This new hdfc sky app has been launched recently to cater current age investors and traders.

But the brokerage charges in delivery are not free and the brokerage of 0.1% in other categories is also higher compared to 0.03% offered by Angelone and Zerodha and 0.05% offered by upstox and groww. If these charges difference seems ok to you, you can definitely choose hdfc sky as your demat account. Otherwise you know which broker to choose.

you can read this article to know the hdfc sky broker Review.


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