Complete Breakdown of Trading Charges on Punch

See every charge on a Punch trade — brokerage, STT, exchange fees, GST, stamp duty, and SEBI turnover fee — with worked examples.

Written By Archit Sunat

Last updated 3 days ago

What charges apply to trades on Punch?

Every trade you execute on Punch incurs several charges. Here's the complete list:

  1. Brokerage: ₹1 flat per executed order across all segments (equity, F&O, currency, commodity)

  2. STT (Securities Transaction Tax): A government tax on securities transactions that varies by segment

  3. Exchange Transaction Charges: Fees charged by NSE/BSE for using their trading infrastructure

  4. GST: 18% tax on brokerage, exchange charges, and SEBI turnover fee

  5. Stamp Duty: State government tax on buy-side transactions only

  6. SEBI Turnover Fee: ₹10 per crore of turnover

How much is STT on different segments?

  • Equity Delivery: 0.1% on both buy and sell sides

  • Equity Intraday: 0.025% on sell side only

  • Futures: 0.02% on sell side only

  • Options (sell/buy): 0.0625% of premium on sell side only

  • Options (exercise): 0.125% of intrinsic value on settlement

What are exchange transaction charges?

NSE charges approximately 0.00345% for equity trades and around 0.05% for F&O trades. These rates vary slightly and are updated by the exchange periodically.

How is stamp duty calculated?

Stamp duty is charged only on the buy side and varies by state:

  • Equity Delivery: 0.015% of transaction value

  • Equity Intraday: 0.003% of transaction value

  • F&O: 0.003% of transaction value

Can you show a worked example?

Here's a complete breakdown for an equity delivery trade:

Buy Transaction: 100 shares at ₹500 = ₹50,000Sell Transaction: 100 shares at ₹520 = ₹52,000

Buy-side charges:

  • Brokerage: ₹1.00

  • STT: ₹50,000 × 0.1% = ₹50.00

  • Exchange charges: ₹50,000 × 0.00345% = ₹1.73

  • Stamp duty: ₹50,000 × 0.015% = ₹7.50

  • SEBI fee: ₹50,000 × 0.0001% = ₹0.05

  • GST: 18% × (₹1.00 + ₹1.73 + ₹0.05) = ₹0.50

  • Total buy charges: ₹60.78

Sell-side charges:

  • Brokerage: ₹1.00

  • STT: ₹52,000 × 0.1% = ₹52.00

  • Exchange charges: ₹52,000 × 0.00345% = ₹1.79

  • SEBI fee: ₹52,000 × 0.0001% = ₹0.05

  • GST: 18% × (₹1.00 + ₹1.79 + ₹0.05) = ₹0.51

  • Total sell charges: ₹55.35

Total charges for complete trade: ₹116.13Net profit: ₹2,000 - ₹116.13 = ₹1,883.87

Are there any account maintenance charges?

No. Punch doesn't charge any AMC (Annual Maintenance Charge) or monthly account maintenance fees.

Where can I see my actual charges?

You can view the exact charges for your trades in the "Charges and Savings" section within the Punch app. This shows the breakdown of all charges applied to each executed order.