They have mentioned that "Digital winner certificates will continue to be issued." Hence no work load reduction. I think its the case of too many traders are profitable now.
Only Digital winner certificates se kya hoga? Digital profit se pet bharega kya? If so, then paper trading se bhi to pet bhar jayga!
Just kidding.
Rs 6000 don't have any value? You can buy data feed using it and low-cost Internet like Jio(FY) too. Almost 20,000+ return per year.
Many winner traders are disappointed! Now without brokerage refund, there is no real incentive.
The digital certificate has no value, u can't buy a cup of tea using it.
Currently no difference with other Rs 20 brokers except fyers who has a challenge with full brokerage refund.
There are many f&o winners who generate less than 6000 brokerage refunds bcoz they are selectively trading/positional trader. So, they are getting full brokerage back. Z mainly targeted such large chunk of profitable traders who are getting full brokerage refund. Such traders would shift to brokers like Fyers where the brokerage return is there or similar Rs 20 other brokers with better infrastructure. The workload would be reduced when some traders shift to other brokers.