Are you an NRI wondering about the Angel broking NRI Trading Charges? Well, don’t worry. You have come to the right place. We will discuss all of that and more in this review.
With the Government of India allowing NRI investments in the Indian equity markets, more and more NRIs are buying shares and other securities in India.
As such, it can be helpful to know about the basics of NRI trading in India. Since Angel Broking is one of the full-service platforms that facilitate NRI trading and thus, considering the Angel Broking NRI Trading Charges will be an invaluable factor if you are using this platform.
In this detailed review, we will have a quick look at all sorts of charges applied with their corresponding values.
Angel Broking NRI Trading Charges Review
Before we know about the Angel Broking NRI Trading Charges, let us consider the type of accounts that are allowed by Angel Broking.
To open a trading or NRI Demat account with Angel Broking, you would firstly need an NRE or an NRO account where you can keep the capital investment. This is a mandatory requirement laid out by the Reserve Bank of India (RBI).
Once you have that, Angel Broking offers two types of Trading Accounts for the NRIs:
PINS account enables you to buy and sell equities in the Indian Stock Exchanges. PINS account be an NRE PINS account or an NRO PINS account, based upon the bank account you have created.
In an NRE PINS account, you are allowed to repatriate your transactions in any foreign country (generally the country of your residence). In an NRO PINS account, you are not allowed this convenience. The funds can only be placed within India.
Non PINS Account
Through a Non PINS account, you can take part in transactions in IPOs and invest in mutual funds as well. it is also divided into NRE and NRO account.
The NRO Non-PINS trading account does not let you repatriate the funds to the country of your residence. However, it allows you to trade in futures and options. For more information, check this detailed review on NRI Trading in Derivatives.
Now let us learn more about the Angel Broking NRI Trading Charges:
Angel Broking NRI Trading Charges Details
Now that we know the types of accounts that an NRI can open with Angel Broking, let us move to Angel Broking NRI Trading Charges.
Angel Broking NRI Trading Charges for NSE Cash:
For NSE Cash, the transaction charges are charged at a rate of 0.00325% of the turnover value.
Furthermore, there are additional taxes such as the stamp duty of 0.01% of the delivery turnover value or 0.002% of the total turnover.
This also includes the Goods and Service Tax i.e. GST of 18% on Brokerage, turnover tax and the total SEBI fee.
An additional Securities Transaction Tax (STT) is charged at 0.1% of the delivery turnover value. It can also be charged as 0.025% of Selling Turnover Value. The SEBI Tax is currently placed at 0.00015% of the trading turnover value.
Angel Broking NRI Trading Charges for BSE Cash
For BSE Cash, the transaction charges are levied on the basis of scrip groups.
For group A and B, the charges are 0.003% of the turnover value.
For scrips E, F, FC, G, GC, I, W & T, the charges are 0.00275% of turnover value if the scrip is exclusive. If the scrip is non-exclusive, the charges are Rs 0.75 per trade.
For scrip groups M and MT, the charges are 0.00275% of the turnover value.
For scrip groups, X, XT and Z, the charges are 1% of the turnover value.
The stamp duties are levied as 0.01% of the delivery turnover value or 0.002% of the trading turnover value.
The SEBI Tax is charged at 0.00015% of the turnover value.
The securities transaction tax (STT) is 0.1% of the turnover value on delivery basis or 0.025% on selling turnover value.
There is also a clearing charge of ₹0.02 per trade.
A GST of 18% is applicable on the brokerage, turnover tax, SEBI fee, and clearing charges.
Other Trading Account Charges
The Angel Broking NRI Trading Charges for Annual Maintenance are ₹450 plus tax. These charges are charged every year in the month in which the account is opened.
There is a Call and Trade charge of ₹20 per order.
The transaction charges for Sell and Inter Settlement Debit are ₹20 per transaction.
There is a charge of ₹25 for pledge creation.
For Demat, Remat (Per Certificate ), Physical Statements, DIS Request, Physical, and Contract Notes, a fee of ₹50 is charged.
The Cheque book charges are ₹350.
If you do not pay the bill amount within the due date, delay payment charges of 1.5% per month are charged and deducted after every 15 days.