Sharekhan too join the bandwagon . One of the higest brokerage. I am switching to something better !!
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here is their message -
Brokerage charges on option contracts w.e.f. February 23, 2007
Dear Customer,
Kindly note that as per circular nos. NSE/LEGL/8319 and NSE/INSP/8338 issued by NSE permissible brokerage rates on Option contracts will be charged only on the Premium amount.
Further, the amount of brokerage charged will not exceed 2.5% of the premium amount or Rs 100, whichever is higher.
In view of the same, you are requested to note that w.e.f. Feb 23, 2007, the brokerage charged on options contracts will be only on the premium amount.
The above brokerage rate shall be applicable for each lot and shall be on each leg i.e. both on buy as well as sell.
Brokerage rates for trades in future contracts will remain the same