What is a Physical Contract Note?

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Physical Contract Notes are hardcopies of contract notes that are delivered to the registered postal address of non-DCN (Digital Contract Note) clients after a trade is executed in their account. 

A physical contract note provides a written record of all trades made on a specific day, including the name of the securities, quantities, and executed rate. It also encloses brokerage fees, taxes (STT, GST and stamp duty), and other charges, if any. The contract note serves as legal proof of the trade and is important for maintaining accurate financial records and resolving any potential disputes. 

Earlier, physical contract notes were the standard method of delivery. Now, they are typically sent to clients who have not opted for electronic delivery. Geojit charges only Rs.23.6/- per physical contract note. 

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