What are the charges for gifting stocks?
The standard off-market transfer fee of ₹25, or 0.03% per stock, whichever is higher + 18% GST, is applicable. There are no additional charges for gifting securities.
Example scenario
Shares of Airtel, Britannia, and Coal India will be gifted to a family member on June 3rd 2021. The charges will be calculated as follows:
|
Stock |
Quantity (A) |
Closing Price in ₹ (B) |
Value A*B
|
0.03% (in ₹) |
₹25 |
Considered Amount
|
| Airtel | 25 | 532.05 | 13,301.25 | 3.99 | ₹25 | 25 |
| Britannia | 26 | 3,496.25 | 90,902.5 | 27.27 | ₹25 | 27.27 |
| Coal India | 100 | 149.05 | 14,905 | 4.47 | ₹25 | 25 |
| Applicable charges | 77.27 | |||||
| GST @ 18% | 13.91 | |||||
| Total charges in ₹ | 91.18 | |||||
Did you know?
-
The highest closing price of the stock between NSE and BSE is taken to calculate charges.
- There can be a difference of a few paise in charges since they are rounded off to two decimal places.
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