Apr 07, 2017 07:41 PM
20709 Views
I have been using HDFC sec for 3 months I have 3-1 account, already I had saving account with HDFC, so went for Rs-1999 Demat and Trading account and the features was, for 1 year daily 6 lac transaction would be free without brokerage fee, I was happy and was doing trading, but later this month when I saw my transaction and brokerage fee on buying and selling it was huge, and I contacted to customer service they told me that it was not free for 1 year, you would allowed to do the transaction without brokerage fee unto 6 lac now you have exhausted the limit and you will be charged, I felt like I have been cheated what they say they dint do, so when I calculated their fee it was huge if you are buying share of Rs 291 it would actually cost you 292.46 means per share they will charge Rs 1.46 as brokerage fee plus on brokerage fee they will charge you the service tax which is around 14 to 15%, if you buy less than 10 Rs shares it will cost you like, if you buy Rs 4.55 share it will cost you 4.60 means .05 Rupee extra, if you sell at Rs 4.55 it would be Rs 4.50, I did transaction for 88700 thousand both buying and selling the equity they have charged me Rs 1181 as brokerage plus service tax on brokerage, also apart form these there were STT, SEBI, transaction charges etc, but brokerage fee was like hell to me, so I researched and opened up account with Zerodha after checking their fee structure found convenient for me if you trade Rs 80000 transaction total amount as brokerage plus including all other tax you have to pay around Rs 80, if you are getting profit of 4000 to 7000 on selling you are just paying 70-80 Rs to the broker, which is fair, but in HDFC sec it would be above thousand, after all you are trading for getting profit not be looted because of using a fancy HDFC sec software, my recommendation never go for it, there are hell lot of best fee convenient brokerage firms try those.
