FYERS, a prominent stockbroker, levies various fees for its services. These charges include fees for account operations, administrative actions, specific transaction types, and physical document requests, designed to cover operational costs and regulatory requirements.
Understanding FYERS Service Charges
When engaging with any financial service provider like FYERS for trading and investment, it's essential to be aware of the associated charges. These fees are typically categorized based on the service rendered, ensuring transparency for clients. Understanding these charges helps in effective financial planning and evaluating the overall cost of trading.
Key Charges and Fees by FYERS
The table below outlines the primary charges that clients may incur when using FYERS' services. For a comprehensive list and the most current information, it is always advisable to refer to the official FYERS Charges List.
| Charge Category | Description | Amount |
|---|---|---|
| Account Opening | Fee for opening a new trading and demat account. | ₹0 (Zero) |
| Admin Square Off Charges | Charges applied when an open position is automatically squared off by the broker at the end of the trading day. | ₹50 + GST per executed order |
| Debit Charges (Sell) | Transaction charges levied by the Depository Participant (CDSL) on sell transactions for debiting shares from your demat account. | ₹3.5 (CDSL Charges) per transaction |
| Physical Contract Note Charges | Fee for requesting a physical copy of your contract note. | ₹20 per physical contract note + courier charges |
| Physical Delivery | Charge for taking physical delivery of shares in the derivatives segment (e.g., stock futures and options). | 0.2% of the contract value |
Detailed Breakdown of FYERS Charges
Here's a closer look at the different charges clients might encounter with FYERS:
- Account Opening Charges: One of the significant advantages for new users is that opening a trading and demat account with FYERS is absolutely ₹0. This means there are no upfront costs to set up your investment account.
- Admin Square Off Charges: If you have open positions at the end of the trading day that are not squared off by you, FYERS may automatically square them off to prevent unforeseen risks. For each such automatically executed order, a charge of ₹50 plus applicable GST is levied.
- Debit Charges (Sell): When you sell shares from your Demat account, a small fee of ₹3.5 is charged per transaction. This is typically a Depository Participant (CDSL) charge, not a direct brokerage fee from FYERS, covering the cost of debiting shares from your account.
- Physical Contract Note Charges: While digital contract notes are common, if you require a physical printout of your contract note, FYERS charges ₹20 per physical contract note. Additionally, any associated courier charges for delivery will be borne by the client.
- Physical Delivery: In segments where physical delivery of shares is an option (like in certain derivatives contracts), a charge of 0.2% of the contract value is applicable. This fee covers the operational aspects of facilitating the physical transfer of securities.
Understanding these charges helps traders and investors manage their costs effectively and make informed decisions about their trading activities.
