yes the charges for using shares as collateral/how will client be charged for any ledger debits
resulting from trading activities
There are 2 types of charges that may be applied to clients using shares as collateral
A. Facility usage + pledge depledge
There is a charge of Rs/- 25 per scriptt everytime you pledge or depledge for all clients.
There will no facility usage charges till 31st March 2010.
B. Charge on ledger debit in any of the following ledgers in your trading account.
1. MTM
2. NSE
3. BSE
4. FO Margin
For icici direct when you put shares as collateral but ICICI Direct will charge some fees.
I do not know about indiabulls,kotak. Charging of fees depends on brokerage companies and
has nothing to do exchange. With some brokerage houses you have to inform them to put the
shares under collateral and in some companies (ICICI Direct) you can place yourself online.