Pro-grade trading at ₹1 brokerage.

No conditions applied. No AMC. No hidden fees.

Charges

₹200 + 18% GST

Intraday	Delivery
Brokerage
₹1 Per Executed Order Or 0.10% (Whichever Is Lower) + 18% GST	₹1 Per Executed Order Or 0.10% (Whichever Is Lower) + 18% GST
STT/CTT
0.02% on sell side	0.1% on sell side (on premium) 0.125% of the intrinsic value on options that are bought and exercised
Transaction charges
NSE: 0.00173% BSE: 0	NSE: 0.03503% (on premium) BSE: 0.0325% (on premium)
GST
18% on (brokerage + SEBI charges + transaction charges)	18% on (brokerage + SEBI charges + transaction charges)
SEBI Fees
₹10/crore	₹10/crore
Stamp charges payable upfront-Off market transfer
0.002% or ₹200/crore on buy side	₹50 + 18% GST 0.003% or ₹300/crore on buy side

Intraday	Delivery
Brokerage
₹1 Per Executed Order Or 0.10% (Whichever Is Lower) + 18% GST	₹1 Per Executed Order Or 0.10% (Whichever Is Lower) + 18% GST
STT/CTT
0.025% on the sell side	0.1% on buy & sell
Transaction charges
NSE: 0.00297% BSE: 0.00375%	NSE: 0.00297% BSE: 0.00375%
GST
18% on (brokerage + SEBI charges + transaction charges)	18% on (brokerage + SEBI charges + transaction charges)
SEBI Fees
₹10/crore	₹10/crore
Stamp charges payable upfront-Off market transfer
0.003% or ₹300/crore on buy side	0.015% or ₹1500/crore on buy side

FAQ:

Is brokerage per executed order or per lot?
Brokerage at Punch is ₹1 per executed order, not per lot.
What trades are covered at ₹1?
Equity intraday & delivery, Futures, and Options—charged per executed order.
Do statutory charges change with broker?
They’re largely regulator-set (STT/CTT, exchange txn, SEBI, GST, stamp). They apply irrespective of broker.
Does SL + TP Protection require extra margin?
No. You can place Stop Loss and Target together without extra margin. Trailing SL is available.
Why not zero brokerage?
We choose sustainable ₹1 pricing so we can keep investing in speed, reliability, and pro-grade tools.