Navigating financial services can be daunting, especially with numerous charges and fees. To make things clearer, here’s a summarized breakdown of Lemonn’s updated tariff structure for demat accounts, trading, and related services.
Key Highlights of the Tariff:
Trading Charges:
- Charges for Stocks are ₹20/- per executed order (SEBI prescribed brokerage limit will not be exceeded)
- Charges for FnO are ₹20 per executed order
“Start investing with confidence! Explore
0 demat account
and grow your wealth.”
MTF Charges:
- Interest rate :
13.99%9.99% p.a. - Pledge Charges/Unpleged Charges: ₹20/-.
- Margin Pledge/Unpleged: ₹20/-.
Additional Service Charges:
- Call and Trade: ₹50 per ISIN.
- Auto Square-Off: ₹50 per ISIN.
- Delivery Instruction Slip: The first 10 leaves are free; subsequent sets cost ₹100 + courier charges.
Special Requests:
- Physical contract notes are charged at ₹20 per note + courier fees.
- Pledge and unpledge requests cost ₹50 per ISIN, while pledge invocation is charged similarly.
- Periodic or ad hoc statements sent via email are free; physical statements cost ₹10 per page + courier fees.
Miscellaneous Charges:
- Demat or remat processing costs ₹150 per certification plus courier fees.
- Physical Client Master Reports (CMRs) come with a fee of ₹20 plus additional courier charges.
Statutory and Clearing Charges:
- These include Securities Transaction Tax (STT), Exchange Transaction Charges, GST, SEBI fees, stamp duty, and clearing charges as applicable.
This tariff structure is applicable to clients engaged in both Cash and F&O (Futures and Options) segments. The emphasis on zero-cost services in the first year makes it attractive for new investors, while detailed cost structures ensure transparency for long-term clients.
Conclusion:
Understanding these charges helps investors make informed decisions and manage their trading and demat accounts effectively. Always verify charges applicable to your transactions to avoid unexpected costs.
