IIFL Transaction Charges are part of the overall charges levied on your trades along with brokerage or other forms of payment. In this quick review, we will have a look at the numbers to see what actual percentages will be levied on your trades in different formats.
IIFL Transaction Charges Review
Transaction charges are percentage-based charges levied on your trade value. Thus, on a general level, higher is your trading capital, higher are the transaction charges you are required to shell out.
Transaction charges, although, are levied differently for different trading segments. For instance, in delivery trading, these charges are charged at both buy and sell levels while for intraday trades, those are done only for sell trades.
Here are the details of the transaction charges levied by IIFL across different segments:
If you want, you can use the complete IIFL brokerage calculator to know brokerage, taxes, your overall profit and more.
IIFL Transaction Charges Example
To give you an idea on the total amount of such charges you might end up paying in your trade, here is a quick example:
Let’s say you bought 1000 shares of Infosys each priced at ₹950, thus totalling the total transaction turnover to ₹9,50,000 for a delivery trade.
As mentioned in the table above, for Equity delivery, the transaction charges are 0.00325% of the turnover.
In this case, the India Infoline transaction charges will be ₹950,000 X 0.00325% i.e. ₹30.87
If you want, you can use the complete brokerage calculator to know brokerage, taxes, your overall profit and more.
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Check Transaction Charges of other Stock Brokers here:
You can also check the transaction charges of some of the other leading stockbrokers here:
More on IIFL
If you are looking to know more about this full-service stockbroker, here are a few reference links for you: