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Wallet balance

Scheduled Pinned Locked Moved Ask Definedge Team (Subject related)
4 Posts 2 Posters 183 Views
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  • G Offline
    G Offline
    Ganesh D
    wrote on last edited by
    #1

    Hello Team,
    I have opened an account and taken a Tradepoint subscription as well. I got 15299 wallet points, I don't know how I can use these points. Whenever i trade some points get debited, where do these debited points go? Kindly provide some details.

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  • Neha Pandey Offline
    neha.pandey@definedge.comN Offline
    Neha Pandey

    Definedge

    wrote on last edited by
    #2

    The Definedge Securities wallet points are set off against brokerage. In order to check details, kindly login to https://myaccount.definedgesecurities.com/ -> Wallet -> click on the "Points Earned" option.

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  • G Offline
    G Offline
    Ganesh D
    wrote on last edited by
    #3

    This is not true, you are deducting brokerage from the dmat. You are taking brokerage from profit as well as wallet balance.
    On 17th October I had a profit of 1100.25, for one lot of BankNifty.
    Buy Price - 237
    Sell Price - 310.35
    (310.35-237) x 15 = 1100.25

    Charges:
    Brokerage - 36
    Security Transaction Charge - 3
    Exchange Transaction Charge - 4.15
    Sebi TurnOver Fees - 0.01
    SGST - 3.61
    CGST - 3.61
    Total Charges = 36+3+4.15+0.01+3.61+3.61=50.38

    Amount Credited to Account = Profit - Total Charges = 1100.25-50.38=1049.87

    So does that mean you are taking brokerage from profit and wallet as well?

    Total charges including brokerage

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  • Neha Pandey Offline
    neha.pandey@definedge.comN Offline
    Neha Pandey

    Definedge

    wrote on last edited by
    #4

    Please share your UCC via DM in order to assist your better

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