What are the charges for Nifty options on expiry day

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?

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.

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 ?

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.

Thanks for providing information