Choice - Best Stock Broker in India
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Looking for the Lowest Brokerage Charges?

Choice makes investing in the stock market simple and accessible, offering you the best Demat account with the lowest brokerage.

Free Account with Low Brokerage Charges
Low Brokerage with Zero AMC
0 auto square off with lowest brokerage
Low brokerage and Rs. 0 call & trade

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Endless Benefits at Low Charges

Choice offers you multiple value added services as compared to most discount brokers.

Low Brokerage Charges with Expert Research

Research & Analysis

Market trend analysis and insights for informed decisions.

Invest Conveniently at low brokerage

Convenience

Single point of contact for all financial services.

Best brokerage charges with superior service

Superior Service

Dedicated customer service with personal attention.

Learning resources at low brokerage charges

Financial Learning

Educational resources for understanding investing.

Low Brokerage Charges with Professional Advice

Professional Advice

Personalized advice based on your financial goals.

Low Brokerage Charges with Expert Research

Research & Analysis

Market trend analysis and insights for informed decisions.

Invest Conveniently at low brokerage

Convenience

Single point of contact for all financial services.

Best brokerage charges with superior service

Superior Service

Dedicated customer service with personal attention.

Learning resources at low brokerage charges

Financial Learning

Educational resources for understanding investing.

Low Brokerage Charges with Professional Advice

Professional Advice

Personalized advice based on your financial goals.

Low Brokerage Charges with Expert Research

Research & Analysis

Market trend analysis and insights for informed decisions.

Invest Conveniently at low brokerage

Convenience

Single point of contact for all financial services.

Best brokerage charges with superior service

Superior Service

Dedicated customer service with personal attention.

Learning resources at low brokerage charges

Financial Learning

Educational resources for understanding investing.

Transparent Brokerage Charges

Here’s a detailed breakdown of our low brokerage charges with no hidden costs.

Our ChargesEquity IntradayEquity DeliveryEquity Futures Equity Options
Brokerage0.02%0.2%0.02%₹25 per lot
STT (Securities Transaction Tax)0.025% sell0.1% Buy | Sell0.02% Sell0.1% (on premium) Sell In case of Options Exercise 0.125% (on Settlement Price* Quantity) to be paid by the Buyer
Transaction chargesNSE/BSE:0.00297%/0.00375%NSE/BSE:0.00297%/0.00375%(NSE)- Exchange transaction charge: 0.00173% - Clearing charge: 0.0005%(NSE)- Exchange transaction charge: 0.03503% - Clearing charge: 0.002%
GST18% (on brokerage + transaction charges)18% (on brokerage + transaction charges)18% (on brokerage + transaction charges) 18% (on brokerage + transaction charges)
SEBI Charges₹10/crore₹10/crore₹10/crore₹10/crore
N.S.E. IPFT Charges₹10/crore₹10/crore₹10/crore₹50/crore (on premium)

*Condition Applied: The above charges are applicable for clients registered online. Charges may vary for offline clients (who can avail of extended facilities like a higher margin and dedicated Relationship Manager/Dealer).

Our ChargesCommodity FuturesCommodity Options
Brokerage0.02%₹50 per lot
CTT (Commodities Transaction Tax)0.01% Sell0.0418% Sell In case of Options Exercise: 0.125% (on Settlement Price* Quantity) to be paid by the Buyer
Transaction Charges- Exchange Txn. charge: 0.0021% - Clearing charge: 0.003% - RMS charge: 0.005% (only NCDEX)- Exchange Txn. charge: 0.0418% - Clearing charge: 0.002%
G.S.T.18% (on brokerage + transaction charges + clearing charges)18% (on brokerage + transaction charges + clearing charges)
SEBI Charges₹10/crore₹10/crore

*Condition Applied: The above charges are applicable for clients registered online. Charges may vary for offline clients (who can avail of extended facilities like a higher margin and dedicated Relationship Manager/Dealer).

Our ChargesCurrency FuturesCurrency Options
Brokerage0.02%₹20 per lot
STT (Securities Transaction Tax)No STTNo STT
Transaction Charges- NSE Txn. charge: 0.00035% - Clearing charge: 0.0005%- NSE Txn. charge: 0.0311% - Clearing charge: 0.002%
G.S.T.18% (on brokerage + transaction charges + clearing charges)18% (on brokerage + transaction charges + clearing charges)
SEBI Charges₹10/crore₹10/crore

*Condition Applied: The above charges are applicable for clients registered online. Charges may vary for offline clients (who can avail of extended facilities like a higher margin and dedicated Relationship Manager/Dealer).

Know Your Exact Costs

Calculate your overall costs, including our lowest brokerage charges.

Brokerage Calculator

Know how much you will pay in
brokerage with every trade.

Calculate nowknow applicable brokerage charges

Margin Calculator

Check the margin required for
F&O, Commodity, & Currency trade.

Calculate nowknow applicable margin charges

Understanding Brokerage Fees

List of all charges – our commitment to transparent and low brokerage charges.

I. Regulatory & Statutory Charges

Securities/Commodities Transaction Tax:

  • Levied by the government while transacting on the exchanges.
  • Charged on both buy and sell sides when trading equity delivery.
  • Charged only on the selling side when trading either intraday or in F&O.

Transaction/Turnover Charges:

  • Comprises of exchange transaction charges and clearing charges
  • Charged by exchanges (NSE, BSE, MCX) and clearing members.
  • BSE: Flat Rate per Trade ₹1.50 & Clearing Charges 0.01 paise per Trade.

Stamp Duty Charges:

  • Charged as per Stamp Duty Act 1899 levied for transacting in Securities on exchanges or depositories

Depository Participant (DP) Charges:

  • Debit Instruction from Client Demat Account to outside
    Demat Account – 0.02% subject to a minimum of ₹10 per instruction + GST.
  • Debit Instruction from Client Demat Account to Market – ₹10 per instruction + GST.
  • Beneficiary to Client Charges – ₹10 per ISIN + GST.
  • Beneficiary to Market Charges – ₹10 per ISIN + GST.
  • Shifting of Stocks to Client’s Demat Account from CUSA Account (Client Unpaid Security Account to Client Charges) – ₹10 per ISIN + GST.
  • Failed Instruction – ₹10 per instruction + GST.
  • Demat Requests – Per Certificate ₹10/- + Postage Charges ₹100/-
  • Remat Requests – ₹25 per 100 Securities or 0.04% whichever is higher + GST.
  • Creation of Pledge – ₹50 or 0.02% whichever is higher + GST.
  • Unpledge – ₹50 or 0.02% whichever is higher + GST.
  • Pledge/Unpledge for Margin - ₹10 per ISIN + GST.
  • Invocation of Pledge – ₹100 or 0.05% whichever is higher + GST.
  • Charges for reissuing a new DIS Booklet in case of loss of the previous one is ₹100 + GST.

Minimum Contract Note Charges:

  • Choice Equity doesn’t charge any minimum contract note charges.

Goods & Services Tax (GST):

  • Tax levied by the government on the services rendered.
  • 18% of (brokerage + transaction charges)

SEBI Charges:

  • SEBI fees ₹5 per cr for Cash & Non Agri-Commodities and ₹1/- per crore for Agri-Commodities.

II. Our Charges

Annual Maintenance Charges (AMC):

  • First-year AMC free*
  • 3 plans to choose from:
    1. ₹200/- + GST Yearly Plan
    2. ₹1,500/- + GST - Lifetime AMC Covered
    3. ₹3,000/- Full Refundable AMC (full amount will be refunded on account closure)
*Note:

- In case you don’t select a scheme, a default AMC as per the annual plan will be charged at the end of the first year.

- For a Corporate account, the AMC charges applicable from the first year are ₹1,000/- + GST per annum plan.

Buyback, OFS & NFO Order Charges:

  • No extra charges for participating in Buyback, OFS, and NFO Orders.

Request for physical CMR, Contract note, Ledger, etc.:

  • No charges are applicable for physical CMR, Contract notes, Ledger, etc.

Disclaimer:
Brokerage will not exceed the rates specified by SEBI and the exchanges. All statutory and regulatory charges will be levied at actuals. No Brokerage is charged on expired, exercised, and assigned options contracts.

Why Traders & Investors Choose Us

Best brokerage fees

Competitive Pricing & Charges

Advanced tools with lowest charges

Advanced Trading Platform

Stock Research by Choice

Expert Research & Analysis

Mutual Fund Commission Disclosure Slab Rate

The received rate is provided in the form of trail commission and is subject to change based on the TER capping as per SEBI regulations

Fund Categories
Received Rate
Equity Fund
0.5-1.25
Debt Fund
0.5-0.4
Liquid Fund
0.025-0.05

Frequently Asked Questions

Brokerage is a fee or commission charged by a broker for executing transactions or providing specialized services on behalf of clients. Choice charges the lowest brokerage fees for services such as purchases, sales, consultations, negotiations, and delivery from our regular clients.

Securities Transaction Tax (STT) is a type of financial transaction tax, akin to tax collected at source (TCS). It’s a direct tax imposed on each buying and selling transaction of securities listed on the recognized stock exchanges in India.

Auto square-off charges are levied when intraday positions are not closed before the square-off time and the broker has closed the position. Choice doesn’t charge auto square-off charges.

A brokerage account is an investment account held at a licensed brokerage firm such as Choice. An investor places funds into their brokerage account, and the brokerage firm carries out orders for investments like stocks, bonds, mutual funds, and exchange-traded funds (ETFs) for them.

Choice FinX is among the few apps known for its comparatively lower brokerage charges in India, which appeals to traders and investors seeking cost-effective options for trading in the stock market.

Brokerage depends on: Buy/Sale Price: The price of a single unit of stocks/securities. Volume: The volume of transactions. Higher volumes often mean lower commission percentages. Types of Brokers: Full-service brokers, like Choice, provide value-added services (research advisory, market advisory, customer support, real-time market updates) that attract different charges than discount brokers.

Brokerage is calculated using the formula: Brokerage = Number of shares sold/bought x Price of one unit of stock x brokerage percentage. It’s a fee paid to brokers when a trade is initiated. At Choice, brokerage for Delivery, Intraday, and Futures is calculated based on a percentage, while for Options, it's a flat fee.

Intraday Brokerage is a fee paid to brokers for trades executed on the same day. At Choice, these charges are calculated at 0.02%.

Delivery Brokerage Charges apply to trades where an investor buys on one day and sells on another. At Choice, these are calculated at 0.2%.

At Choice, the brokerage charges for Equities Trading are 0.02% for Delivery and Intraday, 0.02% for Futures, and ₹25 per lot for Options.

For Futures and Options Trading at Choice, the charges are 0.2% for Delivery and Intraday, 0.02% for Futures, and ₹25 per lot for Options.

Once stocks are purchased, they are digitally held by the Depository (NSDL and CDSL in India). The Depository charges a fee to the Depository Participant (broker) for holding these securities (only for delivery), which is then charged to the investor.

A Brokerage Calculator is a digital tool provided by most brokers, including Choice, that allows traders to calculate their brokerage charges in advance. It can also calculate GST, STT, transaction fees, and stamp duty charges.

To use it, one needs to input the buy/sell price of a stock, number of shares, state (to calculate stamp duty), and lot size (for trading in Options). It's a great tool for intraday traders to analyze the cost of their trade before buying and selling stocks.

Benefit from Our low brokerage account

Access all Market Segments with Our All-in-One Account

Low intraday brokerage charges
Intraday
Low commodity brokerage charges
Commodity
Low mutual funds brokerage charges
Mutual Funds
Low F&O brokerage charges
F&O
Low currency brokerage charges
Currency
IPO investments with low brokerage charges
IPO
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Choice International Limited , Sunil Patodia Tower,
J B Nagar, Andheri(East),
Mumbai 400099.

Monday - Friday : 08:30 am - 7:00 pm
Saturday : 10:00 am - 4:00 pm

+91-88-2424-2424

care@choiceindia.com

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Choiceinternational. CIN - L67190MH1993PLC071117
Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ).
Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015 , DP ID CDSL - 12066900 , NSDL ID - IN301895. Research Analyst - INH000000222
Choice Wealth Private Limited: AMFI - Registered Mutual Fund Distributor. Association of Mutual Funds in India Registration Number - ARN - 78908.
Initial Registration: 15th March 2010 Valid Till: 14th March 2027.
Pension Fund Regulatory and Development Authority (PFRDA) - POPSE52022022 | Affiliated with POP HDFC Pension Management Company.
Choice Finserv Private Limited: NBFC Registration Number : N - 13.02216

Choice Insurance Broking Private Limited: IRDAI License No: 167, License Valid Till: 29-05-2025 | Category : Direct ( Life & General )
Registered Office: Choice International Limited, Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai, Maharashtra 400099.
For any Grievances / Queries email at ig@choiceindia.com & care@choiceindia.com | Online Dispute Resolution Link: https://smartodr.in/login

Cautionary Message :

  1. Sharing of trading credentials – login id & passwords including OTP’s:- Keep Your Password/Pin and OTP’s private & confidential to avoid any misuse or unauthorised trades. Please ensure that you do not share it with any one.
  2. Trading in leveraged products like options without proper understanding, which could lead to losses
  3. Writing / selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
  4. Dealing in unsolicited tips through Whatsapp, Telegram, YouTube, Facebook, SMS, calls, etc.
  5. Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers

Disclaimer:
1. *Investments in securities market are subject to market risks, read all the related documents carefully before investing.
2. In addition to client based business, we are also doing proprietary trading.
3. Brokerage will not exceed the SEBI prescribed limit.

Research Disclaimer and Disclosure inter-alia as required under Securities and Exchange Board of India (Research Analysts) Regulations, 2014

Choice Equity Broking Private Limited (“CEBPL”) is a registered Research Analyst Entity (Reg. No. INH000000222 ) (hereinafter be referred as “CEBPL”). (CIN. NO.: U65999MH2010PTC198714).

Reg. Address: Sunil Patodia Tower, J B Nagar, Andheri(East), Mumbai 400099. Tel. No. 022-6707 9999 .

Compliance Officer: Mr.Prashant Salian. Tel. 022-67079999 - Ext-2310
Email- Prashant.salian@choiceindia.com

Grievance officer: Deepika Singhvi Tel.022-67079999- Ext-834.
Email- ig@choiceindia.com

Research Disclaimer: Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

© Choice International Limited. All Rights Reserved.

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