OTHER CHARGES AND TERMS & CONDITIONS:
1. Demat Account Maintenance Fees/Annual Maintenance Charges (“AMC”): All
Demat Account charges, including without limitation, annual maintenance
charges, transaction charges, shall be debited from the Client's Trading Ledger
at actuals in accordance with the Client's Demat Account's Billing.
2.Courier Charges: Actual costs shall be charged per delivery of physical documents.
3. Service Modifications: Any additional services requested by me/us/the client,
such as KYC updates, shall be charged separately.
4. *Client/s opting for the 'Invest ProMAX' plan shall initially be onboarded under
the 'Invest Pro' plan. Their transition to the 'Invest ProMAX' plan will be subject to
meeting the required trading turnover over a period of 90 (ninety) days. Post the
transition to the 'Invest ProMAX' plan, if the trading turnover is deemed
insufficient for the 'Invest ProMAX' plan during the next 90 (ninety) days, the
Client shall be transitioned back to the 'Invest Pro' plan. The Client/s may switch
between the 'Invest Pro' and 'Invest ProMAX' plans up to 4 (four) times in a
financial year, with any such change becoming effective from the first trade after
approval by Zuari Finserv Limited (ZFL) through communication by E-mail and/or SMS ."
5.**Invest plus is MTF plan offering an interest free facilities of up to Rs.1Lakh .
However, the Client may opt to extend the margin beyond the limit of ₹1,00,000/-
within a calendar month of onboarding the Client, subject to interest at the rate
of 15% (fifteen percent) applicable upon the extension value beyond the free
limit. Interest@15% P.A. will be charged on total value post the calendar month.
6. The Client/s shall be required to meet the Mark-to-Market (“MTM”) requirement
on daily basis.
7. Brokerage Rates/Slab: The brokerage rates, not exceeding the maximum rates
specified by SEBI and the Exchanges, shall be applicable to all transactions
executed in the trading account opened by the client under this Account
Opening Form. However, any changes in the brokerage rates shall be solely
based on the policy/ies of ZFL. No request for change/s from the Client/s shall
be entertained, subject to the subsequent terms and conditions herein and any
amendments thereto.Brokerage Rates/Slab: The brokerage rates, not exceeding the maximum rates
specified by SEBI and the Exchanges, shall be applicable to all transactions
executed in the trading account opened by the client under this Account
Opening Form. However, any changes in the brokerage rates shall be solely
based on the policy/ies of ZFL. No request for change/s from the Client/s shall
be entertained, subject to the subsequent terms and conditions herein and any
amendments thereto.
8. Minimum Brokerage: A minimum brokerage of ₹ 20/- (Rupees Twenty only) will
be charged per executed order, irrespective of the transaction value.. Periodic
Review: It shall be client's responsibility to review the brokerage charges
periodically.
9. Discrepancy Reporting: Any discrepancy in the brokerage charges must be
reported within 7 Days from the date of the transaction. Discrepancies not
reported within the aforementioned period shall not be entertained.
10. Statutory Charges: The brokerage rates are exclusive of all statutory, regulatory,
government and exchange related charges (including but not limited to
Securities Transaction Tax (“STT”), Commodities Transactions Tax (“CTT”),
Exchange Transaction Charges and applicable Stamp Duty) and all such charges
shall be levied as per the prevailing rates and may be updated periodically. The
details of such charges are available on the website of Zuari Finserv Limited,
11. Changes in Non-Statutory Charges and Additional Charges: In the event of any
changes in charges other than Statutory Charges or any other additional
charges, such changes shall be intimated to the Client 30 (thirty) days in
advance of such charges becoming effective. ZFL may impose any additional
charges related to Trading and/or Demat account, provided prior
communication is made to the Client.
12. Delayed Payments Interest: Delayed payments on debit balance shall be debited
to shall attract simple interest at a rate not exceeding 24% (twenty-four percent)
per annum.
13. Events of Default: Event of defaults, including without limited events of cheque
bounce, shall attract a default penalty fee of ₹ 100/- (Rupees One Hundred only)
in addition to the actuals charged by the bank, for each instance of cheque
bounce. The client agrees to review revision/s on default penalty fee, if any,
periodically. In the event of imposition of penalty by the Exchanges on the
client's positions, the same shall be recovered from the client.
14.Trading Ledger: The client's trading ledger shall reflect actual charges as defined
under the Demat Account's billing schedule.