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:
- For the first year after onboarding, equity delivery, intraday, futures, and options trading are ₹0.
- Post the first year, charges are ₹20 per executed order or 0.05% of the order value, whichever is lower.
Demat Account Charges:
- Account maintenance is free for the first year. From the second year onwards, a fee of ₹250 + GST applies.
- Transaction charges for market and off-market sell transactions are ₹13.5 + GST per transaction.
Additional Service Charges:
- Call and Trade: ₹20 per call.
- Auto Square-Off: ₹50.
- Delivery Instruction Slip: The first 10 leaves are free; subsequent sets cost ₹100 + courier charges.
- Failed Demat Transactions: ₹20 per request.
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:
- Payment gateway usage incurs a ₹15 + GST fee.
- 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.
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