A contract note is the official, legally binding record of the trades you executed on a given trading day. On Rupeezy, a digitally signed contract note is issued for every day you trade on the NSE or BSE, and it confirms exactly what was bought or sold, the quantity, the price, and every charge that was applied — so it is the single document you can trust to verify a day's trading.
Why does a contract note matter?
Your contract note is more than a receipt — it is your legal proof of trade. Keep it because it:
- Confirms your trades — you can cross-check every buy and sell against what you intended to do.
- Breaks down your charges — brokerage, statutory charges and taxes are itemised, so you can see exactly why the amount debited or credited differs from the raw trade value.
- Supports your tax filing — it is the source document for working out capital gains when you file your returns.
- Protects you in a dispute — because it is a legally recognised record, it is the reference point if any trade or settlement is ever questioned.
What does a contract note contain?
A contract note summarises your day's trades and then details them line by line. The key fields are:
- Security details — the ISIN (a unique 12-character code that identifies the stock), and the security name or symbol.
- Buy / Sell and quantity — whether you bought or sold, and the number of shares, units or lots.
- Order and trade time — when the order was placed on the exchange and when it was actually executed.
- Volume Weighted Average Price (VWAP) — where you have several executions in the same security, they are consolidated into one average price (see below).
- Brokerage — the fee charged for executing your order, as per your brokerage plan.
- Statutory charges and taxes — Securities Transaction Tax (STT), exchange transaction charges, SEBI turnover fees, stamp duty and GST.
- Net amount payable or receivable — the final figure after brokerage, charges and taxes. A negative figure is the amount you owe; a positive figure is the amount credited to you.
Trade-level details (order number, exact rates and times for each execution) usually appear in an annexure at the end of the document.
What is Volume Weighted Average Price (VWAP)?
If a single order is filled in several parts at slightly different prices, the contract note does not list each fill separately in the summary — instead it shows one Volume Weighted Average Price (VWAP). It is the total value of all your buys (or sells) in that security divided by the total quantity, giving you one representative price per security.
This is also why the price you see on your order screen can differ slightly from the VWAP on the contract note.
As per SEBI, a Common Contract Note with a single VWAP per security is used — so where the same stock trades across more than one exchange, all those trades are consolidated into a single line with one average price, rather than a separate row per exchange.
Why doesn't the amount match my order value?
The difference between the trade value and the net amount on your contract note is simply the brokerage, statutory charges and taxes, all of which are listed on the note. Adding those to a buy (or subtracting them from a sell) gives you the net amount that actually moved in your account.
When will I receive my contract note?
As per SEBI norms, your contract note is issued within 24 hours of the trade and sent to your registered email as an Electronic Contract Note (ECN) — a digitally signed, encrypted document. You can also download it any time from the Dock back-office app.
How do I access or download my contract note?
You can email a copy to yourself from the Dock back-office app under Reports → Downloads → Contract Notes. For step-by-step instructions, see the related articles below. The downloaded file is password-protected.