Welcome to the community.
We understand that many investors use PSU banks and would like to see broader bank support for funding their US Stocks account.
Currently, we support 5 banks that have the required infrastructure and workflow in place. We are actively working on onboarding more banks, including PSU banks, and aim to expand support over the coming months to make the experience accessible to more users.
Hi @somisetty
Welcome to the community.
We are rolling it out in a phased manner to ensure a smooth experience for all the investors. Weāve already completed around ~40% of the rollout, and the full rollout will be completed by this week.
Hi @nitishbangera @Pradumya @U.S
We will be getting a cap on Brokerage in US Stocks to $10.
A brokerage of 0.25% on transaction value on Buy & Sell with a max cap of $10, this really changes the game.
Hi @Arnab26
For fund transfers (Pay-ins), deposits of $100 or more are free, with only applicable GST being charged. For deposits below $100, a fee of $1 plus applicable GST is charged.
We also clearly mention that some banks may levy their own remittance or processing charges, which are independent of Dhan and are common across the industry. To reduce these costs, weāve worked with select banks to waive such charges for Dhan users and are looking to extend this benefit to more banks over time.
Withdrawals (Pay-outs) are completely free from Dhanās side.
You can also refer to Pricing & Brokerage Charges | Dhan for more details.
Hi @P.R.Dinesh
Good to see you back.
The legal custodian of the securities is DTCC. The beneficial owner of the securities is the respective customer holding the investments. Therefore, you need to disclose and report in Schedule FA.
Hi @sgg76
Welcome to the community.
We have focused on providing access to US-listed Stocks and ETFs. UCITS are something we are actively evaluating and are on our roadmap. We hope to make them available in the future, subject to regulatory and operational considerations.
Thanks for the update, @MahimaShah . Itās good that the team is considering a cap, but we really need some clarity here. Is this $10 limit going to be a proper maximum cap per order (like the flat ā¹20 max cap we have in India), or is it structured differently?
Also, keeping the cap in USD adds a weird forex dependency for Indian traders. At the current exchange rate of around ā¹94.40, a $10 cap is already nearly ā¹944 per order. If the Rupee strengthens down the line, thatās great for us, but if it depreciates further toward ā¹100+, the brokerage will automatically jump over ā¹1,000+ in INR terms.
Active traders need cost predictability, and relying on fluctuating forex rates completely removes that. It would be much more practical if Dhan could just fix a structural cap directly in INR so the trading friction stays stable.
This $10 cap is much lower and better than some popular US brokers in India like INDMoney, Paasa etc.
Some capping was needed and was promptly provided by Dhan. This should be appreciated.
There will always be flaws and room for improvement in everything.
I could not find even a single Indian broker that charges brokerage in INR for US stocks. So Dhan also followed the industry standards.
Appreciate your perspective, @Pradumya , but looking at the actual market layout, fixing the brokerage cap in USD is still highly impractical for an Indian retail trader.
While the underlying asset and conversion happen in USD, domestic platforms serving Indian retail users can easily structure their brokerage slabs in INR to give their clients flat cost certainty. At the current live exchange rate of ~ā¹94.40, this $10 cap forces a heavy hit of nearly ā¹944 per order. If the Rupee slides further toward ā¹100+, the domestic traderās execution cost automatically jumps to ā¹1,000+ without the broker even changing their tariff sheet.
For active traders, a flat INR maximum cap (whether itās ā¹500 or ā¹800) is the only way to ensure absolute cost predictability, shielding them from global currency volatility. Itās not about appreciating a feature blindly; itās about the math making sense for Indian wallets.
I agree too. What I think is Dhan also have to share a portion of the brokerage with partnered broker - ViewTrade. This sharing would obviously be in USD only.
So now according to the example you shared, same applies for Dhan too. I mean if the brokerage was fixed in INR and the brokerage sharing happens in USD, they would also incur losses when INR depreciates.. In this economy where INR depreciates daily to a new low, to maintain profitability Dhan would have to update their brokerage rates daily which would create more ācost unpredictablilityā for retail traders as well as Dhan too.
We should also think about the brokers that provide us a platform to trade. Baaki jaisi jiski soch
Questions:
This GIFT city route gives us Depository Receipts or the actual US stocks?
Are Ireland-domiciled ETFs available for investing?
Hello can you confirm if itās rolled out to all
@pavz Not yet for me. Still waiting for rollout for my device
Hi @MahimaShah
Please confirm on following queries which i guess not there in other querie
Valid point regarding the USD backend clearing with ViewTrade, @Pradumya. But passing structural currency risk down to retail wallets is a friction point. Active traders canāt waste critical execution seconds calculating daily forex variations before pressing buy; miss the price because of cost confusion, and the platform loses its edge.
Domestic interfaces generally work better with INR cost certainty. Since the domestic brokerage ecosystem already manages backend operational variations via structured models, Dhan can evaluate a balanced approach. Instead of a complete overhaul, here are a few practical pathways depending on development priority:
Fixed INR Cap Approach: Keep the current logic but change the currency. Replacing the USD limit with a flat domestic capālike ā¹999 per orderācould embed a calculated currency cushion into the domestic tier. This helps insulate the broker from daily forex volatility without requiring system rebuilding, while giving users cost clarity.
Dual-Choice Subscription Option: Leave the pay-as-you-go USD cap for casual investors, but introduce a monthly or quarterly subscription tier for active traders with a built-in currency buffer. Active users get friction-free execution in INR, and Dhan gets upfront revenue protection.
Rollover / Rebate Framework: If the market stays stable and the protective buffer isnāt fully utilized during the billing cycle, the remaining excess could either roll over as a credit discount for the next renewal or credit back to the userās Dhan ledger.
Running these pathways in parallel could serve as a practical market test, letting Dhan see which framework the active community naturally prefers based on live volumes. It offers a way to balance platform risk against execution delays for the trader.
A $10 cap is actually more stable because the entire transaction chaināasset price, settlement, custody, clearing, and broker sharingāoperates in USD. The cost remains constant in the currency in which the trade is executed.
Also, The platform shows the estimated charges before execution.
Most importantly, if INR pricing were genuinely the superior model, there should already be examples of Indian brokers offering it. Yet virtually every Indian broker offering US stocks prices brokerage and related charges in USD because their underlying costs are USD-denominated.
What youāre proposing doesnāt eliminate currency risk; it merely transfers that risk from the trader to the broker. Someone has to bear that risk. Since the trade itself is in a foreign market and foreign currency, it is economically logical that the cost structure is also linked to that currency.
Cost certainty is desirable, but not at the expense of making the pricing model economically disconnected from the market in which the trade is actually being executed.
Well $10 cap is amazing and its only applicable if you are doing a buy and sell of $4000 and more.
Not showing in my app