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Dear Sir/Madam,

Thank you for your interest in associating with us.

We would like to inform you that for opening an Online Trading Account with us, you may either register on the site from the following link http://www.sharekhan.com/Campaign/campaignlanding/default.aspx after which we shall send the account opening kit to you. Else you may revert to us with your complete contact details along with landmarks and telephone numbers and we shall have one of our sales representative from the nearest branch or franchisee contact you.

All you have to do is fill up the kit and send it back to us with a proof of residence, proof of identity and a sum of Rs 750/- or Rs.1000/- which are charged as account opening fees for Classic and Trade Tiger Accounts respectively. This amount is to be paid via cheque in favour of Sharekhan Ltd. After we receive all these details from you, your account will be activated within seven working days after which you will have to make an initial deposit of some amount to start with trading. You will be able to trade upto four times of your available balance in your trading account.

When you open an online trading account with Sharekhan, a complimentary demat account is opened for you which is free of cost for the first year. However, from second year onwards you will have to pay demat account annual maintenance charges which amounts to Rs.400/- per annum. These charges are subject to change & changes if any shall be intimated to all clients. There are no DP charges for shares purchased and sold by you via your Sharekhan account. However, there would be other charges applicable to your account which are Demat charges, Charges for transfer of shares from one demat account to another, Service Tax, Custody charges etc.

Further, Sharekhan has got a tie-up with 12 banks for online transfer of funds. These banks are HDFC, Citibank, IDBI Bank, Axis Bank, OBC, UBI, INDUSIND Bank, Yes bank, ICICI bank, Bank of India, DEUTSCHE Bank and Federal Bank. This means that if you are having a bank account with any of these banks, you can link it with your Sharekhan trading account which will enable you to place an online request for transfer and withdrawal of funds.

The Brokerage Charges are calculated as under :-

For Intra-day Trades :-

0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.

For Delivery Based Trades :-

0.5% or 10 paise per share or Rs. 16/- per scrip whichever is higher.

Minimum brokerage of 10 paise per share is applicable when the share price is Rs. 20/- or less and Delivery Handling charges of Rs. 16/- per scrip will be applicable when the traded price is Rs 3,200/-

NOTE: Delivery Handling charges of Rs. 16/- will be applicable only on SELL Delivery Transactions.

For F&O trades :-

0.1% on the first leg

0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.

Please note : Brokerage on Options trades will now be charged on the Premium component instead of the Strike Price which was levied earlier. Brokerage will be charged as Rs. 100/- per contract or 2.5% on the premium (which ever is higher) as per the SEBI circular guidelines.

Please note we also offer different brokerage slabs to customers which offer reduced brokerage rates if you opt for our Prepaid Brokerage schemes depending on the volumes of trades done by you.

The Transaction Charges are :-

NATURE OF TRANSACTION - RATE OF STT (Charged on Traded Value)

Delivery based transaction in equity - Buyer and seller each to pay 0.125%

Non-delivery based transaction in equity - Seller to pay 0.025%

Derivatives ( Futures ) - Seller to pay 0.017%

Derivatives ( Options ) - 0.017% only on sell side if Squared off. (on premium)
0.125% to be paid by purchaser if Exercised. (on settlement value)

Stamp Duty 0.010% for delivery based trades and 0.002% for intra-day trades.

Stamp Duty - Derivatives (F&O) : 0.002% for Futures on actual price and 0.002% for options on premium.

Service Tax 10.30% on Brokerage + Transaction Charges ( 10% Service Tax + Education Cess 2% of Service Tax + Higher Education Cess 1% of Service Tax )

Turnover Tax 0.00335% for Cash Segment (0.00325% + 0.0001% Sebi Turnover Fees) and 0.002% for Futures on actual rate (0.0019% + 0.0001% Sebi Turnover Fees) and 0.0501 on premium ( 0.05% + 0.0001% Sebi Turnover Fees).


Kindly feel free to revert in case of any further clarifications.

Assuring you of our best services at all times and looking forward to a long and pleasant association.

Regards,
Team Sharekhan
www.sharekhan.com