✦ Primary-Disclosed Fee Matrix
Groww Charges for Indian Overseas Bank
NSE: IOB · Last Close: ₹30.38 · Sector: EQ
Delivery Brokerage
₹20
Rs 20 or 0.1% flat, zero AMC Demat
Intraday Brokerage
₹20 flat
or 0.10% per executed order
Roundtrip 100 Shares
₹29.87
Includes STT, Exchange Fees, GST & DP
Breakeven Target
+0.30 pts
+0.99% share price move
EQUITY DELIVERY FEE BREAKDOWN
Exact Delivery Cost by Order Quantity (Roundtrip)
| Quantity | Trade Value | Brokerage | STT (0.1%) | Exch+SEBI | Stamp Duty | GST (18%) | DP Fee | Total Cost | Breakeven |
|---|---|---|---|---|---|---|---|---|---|
| 1 share | ₹30.38 | ₹0.06 | ₹0.06 | ₹0.01 | ₹0.00 | ₹0.01 | ₹15.93 | ₹16.07 | +16.07 (52.9%) |
| 10 shares | ₹303.80 | ₹0.61 | ₹0.61 | ₹0.03 | ₹0.05 | ₹0.12 | ₹15.93 | ₹17.35 | +1.74 (5.73%) |
| 50 shares | ₹1,519.00 | ₹3.04 | ₹3.04 | ₹0.10 | ₹0.23 | ₹0.57 | ₹15.93 | ₹22.91 | +0.46 (1.51%) |
| 100 shares | ₹3,038.00 | ₹6.08 | ₹6.08 | ₹0.19 | ₹0.46 | ₹1.13 | ₹15.93 | ₹29.87 | +0.30 (0.99%) |
| 500 shares | ₹15,190.00 | ₹30.38 | ₹30.38 | ₹0.93 | ₹2.28 | ₹5.64 | ₹15.93 | ₹85.54 | +0.17 (0.56%) |
Exchange turnover fee calculated at NSE's revised true-to-label tariff (0.00297%). DP charge of ₹15.93 is levied on the sell-leg from Demat.
INTRADAY SCENARIO
Intraday Buy & Sell Charges (Square-Off Same Day)
| Quantity | Trade Value | Brokerage | STT (0.025%) | Exch+SEBI | Stamp Duty | GST (18%) | Total Cost | Breakeven |
|---|---|---|---|---|---|---|---|---|
| 1 share | ₹30.38 | ₹0.06 | ₹0.01 | ₹0.01 | ₹0.00 | ₹0.01 | ₹0.09 | +0.09 (0.3%) |
| 10 shares | ₹303.80 | ₹0.61 | ₹0.08 | ₹0.03 | ₹0.01 | ₹0.12 | ₹0.85 | +0.08 (0.26%) |
| 50 shares | ₹1,519.00 | ₹3.04 | ₹0.38 | ₹0.10 | ₹0.05 | ₹0.57 | ₹4.14 | +0.08 (0.26%) |
| 100 shares | ₹3,038.00 | ₹6.08 | ₹0.76 | ₹0.19 | ₹0.09 | ₹1.13 | ₹8.25 | +0.08 (0.26%) |
| 500 shares | ₹15,190.00 | ₹30.38 | ₹3.80 | ₹0.93 | ₹0.46 | ₹5.64 | ₹41.21 | +0.08 (0.26%) |
PEER BENCHMARK
How Groww Compares to Alternatives (100 Shares of IOB)
| Broker | Brokerage Fee | Total Transaction Charges | Difference vs Groww |
|---|---|---|---|
| Groww (Selected) | ₹6.08 | ₹29.87 | — |
| Zerodha | ₹0.00 | ₹22.10 | -7.77 |
| Angel One | ₹6.08 | ₹37.54 | +7.67 |
| Dhan | ₹0.00 | ₹21.51 | -8.36 |
| ICICI Direct | ₹33.42 | ₹69.80 | +39.93 |
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Frequently Asked Questions
What is the brokerage for buying Indian Overseas Bank shares on Groww?
On Groww, equity delivery brokerage for Indian Overseas Bank is ₹20 flat. Intraday trades incur ₹20 or 0.10% per executed order.
How much STT and government tax is charged when buying Indian Overseas Bank?
Statutory taxes include 0.1% Securities Transaction Tax (STT) on buy and sell for delivery, 0.00297% NSE exchange turnover charges, 0.0001% SEBI turnover fees, 0.015% stamp duty on buy, and 18% GST on non-tax services.
What is the breakeven price movement required for IOB on Groww?
For an order of 100 shares of IOB at ₹30.38, the roundtrip transaction cost is ₹29.87, meaning the stock needs to rise by ₹0.30 (0.99%) to break even.