Demat & Trading Account Opening Charges
Additional GST & Payment gateway fee available on selected plan
₹0 Brokerage & Lowest Other Charges in the Industry
Watch real traders save big on m.Stock
₹ 1,20,000 brokerage a year or ₹ 0 brokerage for life? Choose wisely
Assuming 25 orders @ ₹20 brokerage and 20 trading days in a month
No Hidden Charges
Charges | Equity Delivery | Equity intraday | Futures | Options |
---|---|---|---|---|
Brokerage | Zero | Zero | Zero | Zero |
Call & Trade Charges | Zero | Zero | Zero | Zero |
STT/CTT | 0.1% on buy & sell | 0.025% on the sell side | 0.02% on sell side | • 0.125% of the intrinsic value on options that are bought and exercised • 0.1% on sell side (on premium) |
Transaction charges | NSE: 0.00322% BSE: 0.00375% |
NSE: 0.00322% BSE: 0.00375% |
NSE: 0.00188% | NSE: 0.0495% (on premium) |
GST | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) |
SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
Stamp charges | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
Charges | Futures | Options |
---|---|---|
Brokerage | Zero | Zero |
Call & Trade Charges | Zero | Zero |
STT/CTT | No STT | No STT |
Transaction charges |
NSE: Exchange txn charge: 0.0009% |
NSE: Exchange txn charge: 0.035% |
GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
SEBI charges | ₹10 / crore | ₹10 / crore |
Stamp charges | 0.0001% or ₹10 / crore on buy side | 0.0001% or ₹10 / crore on buy side |
Charges | Pay Later (MTF) |
---|---|
Interest Rate | 6.99% - 9.99% |
Brokerage | ₹20/order |
Subscription Fee | Zero |
Pledge Charges | ₹32^^ |
GST | 18% on (brokerage + transaction charges) |
Mutual Fund Charges
No fees on Mutual Fund Direct Plans
DP (Depository Participant) Charges
₹18 + GST per ISIN per transaction per day will be charged as DP sell transactions charges
Pledge Charges
- Pledge creation & closure charges will be ₹32 per PSN (Pledge Sequence Number) per day (+GST) for Pay Later (MTF) orders
- Pledge creation & closure charges will be ₹0 & ₹32 respectively per PSN (Pledge Sequence Number) per day (+GST) for Pledge Shares facility.
Quarterly Operating Charges
- ₹219 + GST per quarter for clients
- Clients can opt for 'Lifetime free operating charges' by paying a one-time fee of ₹1,299 + GST once their account is activated
Upgrade Charges
- Brokerage Plan: In case you opt for Free Delivery account during account opening and upgrade to ‘Zero Brokerage account’ later, then you will have to pay ₹1,299.
- Operating Charges: You have an option to upgrade to ‘Lifetime free operating charges’ later, by paying a one-time fee of ₹1,299.
Off-market Transfer Charges
Transfer in FREE - Transfer out ₹20 per transaction or 0.50% whichever is lower
Corporate Action Order Charges
No charge will be applicable for corporate action order
Delayed Payment Charges
Interest is levied at 24% a year or 0.066% per day on the debit balance in your trading account
Investor protection funded trust
- Equity: ₹10 per crore
- Options: ₹50 per crore
Physical CMR Request
No charge will be applicable for physical CMR request
Payment Gateway Charges - Margin Fund Transfer
UPI & Smart Pay Transactions are Free and in case of Net banking, charges will vary between ₹7 - ₹11 + GST depending on the bank selection
Physical Statement Courier Charges
₹100 per request + ₹100 per courier
Demat per certificate
No charge will be applicable for demat per certificate
Remat Charges
No charge will be applicable for remat
Failed Instruction Charges
No charge will be applicable for failed instruction
Reactivation Charges
No charge will be applicable for reactivation
Modification charges
No charge will be applicable for modification
Account Closure Charges
No charge will be applicable for account closure
18% GST
On Brokerage, DP charges, Exchange Transaction charges, SEBI charges and Auto Square-Off charges
Physical Delivery of Derivatives
No charges will be applicable for physical delivery of derivatives
Transaction/Turnover Charges
BSE transaction charges on securities traded in X, XT and Z group is 0.10% per crore & for 'P', 'ZP', 'SS' and 'ST' group, it is 1% per crore on the gross turnover value
Other Charges
- RMS square-off-charges for open intraday positions by system - ₹100 per position
- Auction if unable to deliver a stock (not in demat) - As per actual penalty by exchange
Note: Above charges are effective from 4th October, 2024
999 Account
With this account, you will be charged a one-time Account opening fee of Rs.999, where you get to trade across all products @ Zero brokerage. This is a not a recurring charge. Zero brokerage charges are not linked to any subscription pack, or a limited number of trades and this is not a limited time offer.
149 Account
With this account, you will be charged a one-time Account opening fee of Rs. 149, subsequently you will be charged at Rs. 20 per trade across products. Delivery trades, Mutual Funds & IPOs are @ Zero brokerage.
Demat AMC
FREE for Life
With 999 Account & 999 AMC - you get a ZERO charges account without any Catch
Here's what the world has to say
When I opted for the ₹999 Zero Brokerage plan, I was expecting a long list of T&C but it is truly a zero brokerage platform. Simply WOW!
Having carefully understood the m.Stock zero brokerage & pricing model, I can say with confidence that it is unmatchable in the current market.
When I heard that m.Stock is a zero brokerage platform I thought it was some sort of a scheme or scam. But, to my surprise, it is CLEARLY not! It is a perfect app for Indian small traders.
Zero Brokerage sounded too good to be true but still I chose ₹ 999 account & was surprised to find that there were no hidden charges. I also opted for the free AMC by paying an additional ₹ 999.
Get Zero Brokerage for life at one time fee ₹999 across products for life! A biggest revolution in broking industry! Hats off team Mirae!
My account opening process on m.Stock trading app was incredibly simple. A hassle-free investment with a one-time cost of Rs.999.