How much does Punch charge for trading?

Punch charges just ₹1 per executed order for all trades - equity intraday, equity delivery, futures, and options. This is 20x lower than the industry standard of ₹20 per order.

Is brokerage per executed order or per lot?

Brokerage at Punch is ₹1 per executed order, not per lot. This means whether you trade 1 lot or 100 lots, you pay only ₹1 per order.

Are there any hidden charges at Punch?

No, Punch has no hidden charges. The brokerage is a transparent flat ₹1 per order. Account opening fee is ₹200 + 18% GST (₹236 total). There are no annual maintenance charges (AMC).

What is the account opening fee?

Account opening fee at Punch is ₹200 + 18% GST, which equals ₹236 total. This is a one-time charge with no annual maintenance charges.

Does Punch charge AMC (Annual Maintenance Charge)?

No, Punch does not charge any Annual Maintenance Charge (AMC). You pay only ₹1 per executed trade with no recurring annual fees.

What trades are covered at ₹1 brokerage?

All trades are covered at ₹1 per executed order: Equity intraday, equity delivery, futures, and options. The ₹1 flat rate applies across all segments.

Do statutory charges change with different brokers?

No, statutory charges like STT/CTT, exchange transaction charges, SEBI fees, GST, and stamp duty are regulator-set and apply irrespective of which broker you use. These charges are the same across all brokers.

Does Stop Loss and Target Protection require extra margin?

No, you can place Stop Loss (SL) and Target (TP) together without any extra margin requirement. Trailing Stop Loss is also available at no additional cost.

Why doesn't Punch offer zero brokerage?

Punch chooses sustainable ₹1 pricing instead of zero brokerage so we can continuously invest in speed, reliability (99.999% uptime), and pro-grade trading tools. This ensures you get professional-quality infrastructure without compromising on service.

What is the total cost per trade at Punch?

The total cost includes ₹1 brokerage + statutory charges (STT/CTT, exchange transaction fees, SEBI fees, GST, and stamp duty). Statutory charges are regulator-mandated and apply at all brokers. Punch's brokerage of ₹1 is significantly lower than the industry average of ₹20.

How much cheaper is Punch than Zerodha, Groww, or Angel One?

Punch charges ₹1 per order vs ₹20 at Zerodha, Groww, Angel One, and most traditional brokers. That's 20x cheaper. For 100 trades per month, you save ₹1,900 monthly or ₹22,800 yearly compared to ₹20 brokers.

How much can I save with ₹1 brokerage?

On 50 trades per month: Save ₹950/month (₹11,400/year) vs ₹20 brokers. On 200 trades per month: Save ₹3,800/month (₹45,600/year). Active traders and scalpers save significantly more with Punch's ₹1 flat pricing.

Why is Punch so cheap? Is it safe?

Punch is rebuilding how a broker runs — cutting marketing waste on ads, IPL, influencers and using AI to optimise broking operations, to pass every bit of savings back to traders. We're SEBI-registered (INZ000300936), NSE/BSE members. Our platform has seen 99.999% order reliability and 0.01s order execution time for last 12 months. Check live reliability status at https://status.punch.trade

What is options trading brokerage at Punch?

₹1 flat per executed options order, whether you buy or sell. Industry charges ₹20-₹50 per lot. At Punch, trading 1 lot or 100 lots costs just ₹1 per order - not per lot.

What are the other charges apart from brokerage?

Apart from ₹1 brokerage, you pay: STT/CTT (government tax on transactions), exchange transaction charges (NSE/BSE fees), SEBI turnover fees (₹10 per crore), stamp duty, and 18% GST on brokerage plus fees. These statutory charges are regulator-mandated and identical across all brokers in India.

Pro-grade trading at ₹1 brokerage.

No Conditions Applied

Charges

Account Opening Charges

₹200 + 18% GST

Futures & Options

Intraday	Delivery
Punch Charges
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
Exchange & Government Charges
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

Equity

Intraday	Delivery
Punch Charges
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
Exchange & Government Charges
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

Frequently Asked Questions:

How much does Punch charge for trading?
Punch charges just ₹1 per executed order for all trades - equity intraday, equity delivery, futures, and options. This is 20x lower than the industry standard of ₹20 per order.
Is brokerage per executed order or per lot?
Brokerage at Punch is ₹1 per executed order, not per lot. Whether you trade 1 lot or 100 lots, you pay only ₹1 per order.
Are there any hidden charges?
No, Punch has no hidden charges. The brokerage is a transparent flat ₹1 per order. Account opening is ₹200 + GST. No annual maintenance charges (AMC).
What is the account opening fee?
Account opening fee is ₹200 + 18% GST = ₹236 total. This is a one-time charge with no recurring fees.
Does Punch charge AMC (Annual Maintenance Charge)?
No, Punch does not charge any Annual Maintenance Charge (AMC). You pay only ₹1 per trade with no annual fees.
What trades are covered at ₹1?
All trades: Equity intraday & delivery, Futures, and Options—charged per executed order at flat ₹1.
Do statutory charges change with broker?
No. They're regulator-set (STT/CTT, exchange txn, SEBI, GST, stamp) and 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, 99.999% reliability, and pro-grade tools.
What is the total cost per trade?
Total cost = ₹1 brokerage + statutory charges (STT/CTT, exchange fees, SEBI fees, GST, stamp). Statutory charges are the same across all brokers. Punch's ₹1 brokerage is 20x cheaper than industry average.
How much cheaper is Punch than Zerodha, Groww, or Angel One?
Punch charges ₹1 per order vs ₹20 at Zerodha, Groww, Angel One, and most traditional brokers. That's 20x cheaper. For 100 trades per month, you save ₹1,900 monthly (₹22,800 yearly).
How much can I save with ₹1 brokerage?
On 50 trades/month: Save ₹950/month (₹11,400/year) vs ₹20 brokers. On 200 trades/month: Save ₹3,800/month (₹45,600/year). Active traders save significantly more.
Why is Punch so cheap? Is it safe?
Punch is rebuilding how a broker runs — cutting marketing waste on ads, IPL, influencers and using AI to optimise broking operations, to pass every bit of savings back to traders. We're SEBI-registered (INZ000300936), NSE/BSE members. Our platform has seen 99.999% order reliability and 0.01s order execution time for last 12 months. Check live reliability status at status.punch.trade.
What is options trading brokerage at Punch?
₹1 flat per executed options order, whether you buy or sell. Industry charges ₹20-₹50 per lot. At Punch, 1 lot or 100 lots = ₹1 per order.
What are the other charges apart from brokerage?
STT/CTT (govt tax), exchange transaction charges (NSE/BSE fees), SEBI turnover fees (₹10/crore), stamp duty, and 18% GST on brokerage+fees. These statutory charges are regulator-mandated and same across all brokers.