what are the charges for gifting stock?

What are the charges for gifting stock?

  • The standard off-market transfer fee is applicable, and it is ₹15, or 0.01% per stock, whichever is higher, plus 18% GST applicable. Giving securities as gifts carries no extra costs.
  • Charges for off market transfers apply based on the DP scheme.

Stock

Quantity (A)

Closing price (B)

Value

0.01%

(in₹)

₹15

Considered Amount
(in ₹)

HDFC

14

632.05

8848.7

-

15₹

15

  Nestle

46

3496.25

160827.5

16.08

15₹

16.08

Solar

100

148.05

14805

-

15₹

15

Applicable charges

-

-

-

-

-

46.08

GST@18%

-

-

-

-

-

8.29

Total charges

-

-

-

-

-

54.17