5Paisa STT Charges

Are you ready to trade with one of the best discount brokers like 5paisa? But wait! Are you aware of some of the hidden charges like 5paisa STT charges along with the brokerage fees? There could be a few others too.

If you are not aware! Then here we are with the complete details on the Securities Transaction Tax imposed by the broker to trade in different segments. 

STT Charges in 5Paisa

First of all, we need to understand that STT or Securities Transaction Tax is a fee imposed by the government on every buy and sell order executed in the market under major exchanges such as NSE and BSE.

These charges are directly paid to the government and two variants are considered while imposing these charges, namely-

• Trading segments such as equity, currency, commodity, futures, and options.
• Type of execution or transaction- Buy order or Sell Order.

Since this is a government levied tax, there is nothing much that 5paisa can do as a discount broker to get the charges down. Nonetheless, here are the 5Paisa STT charges in detail: 

 

For instance, Mr. Verma sold 100 shares of a company at ₹120 per share and made a total turnover of ₹1,20,000 under the equity intraday segment. Now, along with 5paisa brokerage charges, he will be required to pay these STT charges as well, which will be around ₹36 (0,03% of 1,20,000). Let’s understand 5paisa STT charges through an example! 

In addition to these costs, he will be liable to pay other hidden charges as well which includes Stamp duty fee, GST, Transaction fee, SEBI turnover charges, etc. 

Let’s know how to analyze such miscellaneous charges! 

5Paisa Brokerage Calculator

To maintain transparency in the stock market and in your finances, A Digital Blogger warmly presents their exclusive Brokerage Calculator that represents all the hidden charges in a quick way. 

With this digital calculator, you can analyze what kind of charges are applicable on a trading order and also learn how much profit or loss percentage (%) will be made in a specific deal. 

Hence, before executing an order you must be familiar with all such 5paisa charges, fees, and taxes.

Closing Thoughts

Each broker levies some amount in exchange for offering its services but not just the broker, the government also imposes certain charges in the stock market on the traders and investors. STT charges are one such charge!

5paisa is known to offer the lowest brokerage charges. Not only the brokerage it charges minimal fees in the other hidden fees too like STT charges. So, when trading in a particular segment it is good to grab information on all kinds of costs to get a fair idea of your profit or loss in a particular trade. 

In case you have any doubt or looking for some sort of suggestions in regard to this broker, get in touch with us by filling the below form: