What are the charges for Nifty options on expiry day

General
1

What are the charges for Nifty options on expiry day if I don’t square off my positions for both in the money and out of options?

2

Hi @JC4997,

Thank you for reaching out to us. Allow me to clarify the charges based on your scenario:

  1. Out-of-the-Money (OTM) Options: If your options expire OTM, meaning they are worthless upon expiry, no additional charges will be applied. You will not incur any charges for these positions.
  2. In-the-Money (ITM) Options: For ITM options that are not squared off at expiry, the following charges will apply:
  • Securities Transaction Tax (STT) will be charged as per regulatory requirements.
  • Brokerage charges and any other applicable charges will also be levied.

It’s important to note that index options are cash-settled instruments, which means there is no physical settlement involved.

If you have any further queries, please don’t hesitate to reach out. We’re here to help.

3

Hi Vishal,

Can you please clarify for the following items

  • Securities Transaction Tax (STT) will be charged as per regulatory requirements. : What are STT charges ?
  • Brokerage charges and any other applicable charges will also be levied. Brokerage charges means it is 20 Rs for Option Index instrument ?
4

Hey @JC4997,

Thank you for your questions. To provide you with detailed information about STT and brokerage charges, please refer to the comprehensive breakdown available at the following link: Brokerage Charges - Demat Charges - STT Charges - Upstox

This resource will offer a clear explanation of STT (Securities Transaction Tax) and brokerage charges.

Hope this helps! Feel free to reach out in case you need more assistance.

5

Thanks for providing information

6

What are the charges for Index options on expiry day if I don’t square off my positions for both in the money and out of options
will brokerage or any penalty will be applicable please specify in detail . i asked from your customer support they said 50 + gst will be applicabe please clarify .

7

Hi @GIRISH,

Thank you for reaching out to us. You can refer to the above conversations from this thread which addresses your questions.

  1. Out-of-the-Money (OTM) Options: If your options expire OTM, meaning they are worthless upon expiry, no additional charges will be applied. You will not incur any charges for these positions.
  2. In-the-Money (ITM) Options: For ITM options that are not squared off at expiry, the following charges will apply:
  • Securities Transaction Tax (STT) will be charged as per regulatory requirements.
  • Brokerage charges and any other applicable charges will also be levied.

It’s important to note that index options are cash-settled instruments, which means there is no physical settlement involved.

For clarification regarding STT and brokerage charges, please refer to this link: https://upstox.com/brokerage-charges/ , which provides detailed information about these charges.

If you have any further queries, please don’t hesitate to reach out. We’re here to help.