Contract note
Your broker's official record of a trade: the share, quantity, price, time and every charge.
A contract note is your receipt for a share trade. Your broker sends it within 24 hours, under SEBI rules, listing the share, how many, the price, the time and each charge. Check it every time against your order, whether it was a market order or a limit order. It’s also handy proof when you work out tax later.
Questions people ask
What is a contract note?
A contract note is the legal record of a buy or sell trade, issued by your broker. It shows the share, quantity, price, trade time and every charge, such as brokerage and taxes.
When do I get a contract note?
SEBI rules require brokers to issue it within 24 hours of the trade, often by email as a digitally signed electronic contract note. Check the current SEBI rules.
What should I check on a contract note?
That the share, quantity and price match your order, and that the charges look right. If anything doesn't match, raise it with your broker straight away.
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