How much a person has to pay if he began monthly plan at the middle of any month or any other date then 1st of the month?
ProStocks monthly plans follow calendar month. ProStocks plans are superior to prepaid Plans. Rs 899/- or Rs 499/- are recovered by levying brokerage in Contract Note @2.5% as and when trades are done by the client in any particular month. Suppose client has done currency trading just for one day in any particular month, then the brokerage @2.5 percent of value will be charged in the contract notes in such a way that total brokerage does not exceed Rs 499/-. Say only Rs 300/- brokerage is generated @2.5 percent on that day out of Rs 499/- and client has not done any further trades in BSE CDS for that whole month, then no further brokerage will be levied. Client need not to pay balance Rs 199/-. As plan brokerage is recovered through contract notes, there is no question of debiting any brokerage for a month in which trades are not done.
Monthly Brokerage Plan for Resident Individual by ProStocks.