Account opening charge with Algo India is ‘zero’.
Algo India is a full-service discount broker, and we are known to offer competitive broking charges in the industry.
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Normal transaction charges apply (DP, Stamp duty, STT, etc.)
For the first 30 days*, post which normal brokerage will be applicable
For 30 days, post which normal interest charges apply
Equity
Currency
Commodities
Other Charges
| Stock Investments | Intraday Trading | Futures & Options | |
|---|---|---|---|
| Brokerage |
₹0 |
₹0 brokerage upto ₹500 for first 30 days* |
₹0 brokerage upto ₹500 for first 30 days* |
*Brokerage up to ₹500 will not be charged for the first 30 days time period after onboarding. The offer will expire either on completion of 30 days from onboarding or complete consumption of ₹500 brokerage discount within the same period. Post the offer-period, a normal brokerage fee is charged. Algo India Broking reserves the right, in its absolute discretion, to change, alter or discontinue the offer as well as terms & conditions from time to time & shall communicate the same to the client via email.
| Currency Futures | Currency Options | |
|---|---|---|
| Brokerage |
₹0 brokerage upto ₹500 for first 30 days* Then, ₹20 per executed order |
₹0 brokerage upto ₹500 for first 30 days* Then, ₹20 per executed order |
| Futures | Options | |
|---|---|---|
| Transaction Charges |
NSE: 0.0009% On Futures Turnover Value BSE: 0.00022% On Futures Turnover Value Buy Sell |
NSE: 0.035% On Options Premium Value BSE: 0.001% On Options Premium Value Buy Sell |
| STT (Securities Transaction Tax) |
₹0 |
₹0 |
| GST** |
18% |
18% |
| SEBI Charges |
₹10 / Crore |
₹10 / Crore |
| Stamp Duty Charges |
0.0001% On Total Turnover Value Buy |
0.003% On Premium Value Buy |
*Brokerage up to ₹500 will not be charged for the first 30 days time period after onboarding. The offer will expire either on completion of 30 days from onboarding or complete consumption of ₹500 brokerage discount within the same period. Algo India Broking reserves the right, in its absolute discretion, to change, alter or discontinue the offer as well as terms & conditions from time to time & shall communicate the same to the client via email.
| Commodities Futures | Commodities Options | |
|---|---|---|
| Brokerage |
₹0 brokerage upto ₹500 for first 30 days* Then, ₹20 per executed order |
₹0 brokerage upto ₹500 for first 30 days* Then, ₹20 per executed order |
| Futures | Options | |
|---|---|---|
| Transaction Charges |
Non-AGRI
0.00210% On Turnover For A Category Near & Next Month TO 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category
AGRI
0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category
Special Charges
0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
0.05% On Premium Value |
| CTT (Commodities Transaction Tax) |
0.01% Only on Non-Agri sell |
0.05% sell |
| Risk Management Fee |
AGRI
0.01% Only on Agri Commodities (overnight positions) |
NA |
| GST** |
18% |
18% |
| SEBI Charges |
₹10 / Crore |
₹10 / Crore |
| Stamp Duty Charges |
0.002% On Total Turnover Value Buy |
0.003% On Premium Value Buy |
*Brokerage up to ₹500 will not be charged for the first 30 days time period after onboarding. The offer will expire either on completion of 30 days from onboarding or complete consumption of ₹500 brokerage discount within the same period. Algo India Broking reserves the right, in its absolute discretion, to change, alter or discontinue the offer as well as terms & conditions from time to time & shall communicate the same to the client via email.
| Nature of Charges | Rate |
|---|---|
| Account Maintenance Charges |
Non-BSDA Clients ₹20 + GST / Month For BSDA (Basic Services Demat Account) Clients: - Holding Value Less Than 50,000 : NIL - Holding Value Between 50,000 To 2,00,000 : ₹ 100 + GST / Year |
| Call & Trade | ₹20 / Order |
| Square off Charges | ₹20 / Order |
| Franking, KRA, CKYC, ESignature Charges | ₹0 |
| Email Statements / Contract Notes | Free |
| DP Charges |
₹20 + GST per Debit Transaction ₹50 + GST per Debit Transaction for BSDA Clients |
| Pledge Creation / Closure |
₹20 per ISIN ₹50 per ISIN for BSDA Clients |
| Demat | ₹50 Per Certificate |
| Remat | ₹50 Per Certificate + Actual CDSL Charges |
| Physical Statements / DIS Request / Physical Contract Notes | ₹50 |
| Cheque Bounce Charges | ₹350 |
| Delay Payment Charges On Outstanding Bill Amount If Not Paid Within Due Date | 1.5 % Per Month (Levied Every 15 Days) |
| Scrip Group | Charges |
|---|---|
| A,B |
0.00375% Of Turnover Value
Buy
|
| E, F, FC, G, GC, I, W, T |
0.00275% Of Turnover Value
Buy
Sell
|
| M, MT, MS, TS, IF, IT | 0.00275% On Turnover Value |
| XC, XD, XT, Z, ZP | 0.1% Of Turnover Value |
| P, R, SS, ST | 1% Of Turnover Value |
₹20 + GST/Month
(If user has a debit balance in that month or has any stock available in portfolio)
0.049% Per Day
(On every Rs 10,000 you
will pay Rs 4.9 per day)
0.049% Per Day
(If user has availed margin
from Algo India)
| Equity Delivery Charges |
0.50% per executed order or 0.05 per unit whichever is
lower.
|
| Trading account opening charges |
₹36.48
|
| Demat account opening |
₹450+ ₹50 - POA+applicable GST and education cess,
approx comes to ₹500 every year
|
Brokerage for equity delivery transactions will not exceed 2.5% of the total transaction value or the maximum limit prescribed by SEBI/exchanges, whichever is lower.
Clients who trade in high volumes may qualify for volume-based discounts, subject to specific terms and conditions.
A minimum brokerage of ₹X per executed order may apply in cases where the calculated brokerage falls below the prescribed threshold.
Separate brokerage rates may apply to intraday trades across equity, F&O, currency, and commodity segments.
Call-and-trade services and physical contract notes may attract additional charges.
Account opening charge with Algo India is ‘zero’.
Algo India is a full-service discount broker, and we are known to offer competitive broking charges in the industry.
You would need the following documents to open a DEMAT account
Proof of Identity
Proof of Address
Proof of Income
Proof of Bank Account
PAN
Equity intraday refers to trading stocks at short intervals during trading hours to earn a profit. Equity intraday charge at Algo India is Rs 20 for each executed order.
The different charges involved in trading in the stock market includes - securities transaction tax (STT), Goods and service tax (GST), stamp duty, transaction charges, SEBI turnover charges, depository participant (DP) charges, and brokerage fees.
At Algo India, brokerage for equity delivery trades is completely free. For equity intraday trades, as well as currency and commodity futures or options trades, the brokerage is charged at ₹20 per executed order or 0.25% of the transaction value, whichever is lower.
The Futures and options (F&O) charges in Algo India include brokerage fees of flat Rs. 20 per executed order or 0.25% of turnover, whichever is lower. It is charged on the lot sizes traded.
There are no hidden charges in Algo India service offerings. Get a list of all the charges on our website.
The brokerage charges for intraday trading in Algo India are either a flat rate of Rs. 20 per transaction or 0.25% of turnover, whichever is lower.
The STT charge in trading in the stock market is 0.1% on both buy and sell in equity delivery trades, 0.025% on sell side turnover of an equity intraday trade, 0.01% and 0.05% on sell side turnover/premium of a futures and options trade, respectively.
The transaction charges applicable to stock market trading differ based on the scrip group classification on the BSE. For trades conducted on the NSE, transaction fees are levied at 0.00335% of the total turnover (buy and sell) for both equity delivery and intraday transactions, 0.00195% of turnover for futures contracts, and 0.053% of the premium value for options contracts.
The depository participant (DP) charge for stock market trading is ₹20 per scrip, applicable exclusively on the sell side of equity delivery transactions. No DP charges are incurred for equity intraday trades, equity futures, or equity options transactions.