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.

Example:

          Stock Quantity (A)Closing price(B)

Value

0.01₹           ₹1 5Considered Amount (in₹)
Hdfc 14632.058848.71.5215₹15
Nestle463496.25160827.516.0815₹16.08
solar100148.05148051.4815₹15
Applicable charges-----46.08
GST@18%-----8.29
Total charges-----54.17