How to choose a good broker for demat account services
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When you want to trade in equity market, you need to have a demat account. However there is a process to open a demat account. It may start from how to choose a broker, what are the demat charges, the documentation required etc. In this article, I would cover a detailed process on how to do this. I would also recommend some of the best demat accounts in India.
What is Demat Account?
When you want to trade in equity market, you need to have a demat account. Demat account is an account where all the shares purchased by you are accounted in the electronic form. Hence it is mandatory that you need to have demat account in order to trade in stock market.
Who offer demat account services?
Banks and brokerage firm’s offer demat accounts.
How to choose a good broker who is offering demat account services?
Banks and brokerage firms offer the demat account services. There are various features associated with both of them.
Features for demat account services by Bank or group company of bank(3-in-1 account)
- Banks provide savings bank account, demat account and online trading account as part of demat account services.
- You need to deposit your money in the bank account and do online share trading. Once you buy some shares, your demat account would get credited with those shares and your bank account would debited with the amount of such purchases. Same way, once you sell shares, your demat account would get debited to those many shares and your bank account would credited with the proceeds. Generally, the proceeds would take T+2 days (Transaction day + 2 days)
- Banks do not offer stock market recommendations to their customers.
- The demat account transaction charges are very high and ranges between 0.5% to 0.8% of transaction value depending on the broker. The charges reduce based on the volume of the transactions.
- Banks charge demat account opening charges which range between Rs 500 to Rs 700.
- There would be annual fees charged by banks which ranges between Rs 500 to Rs 1,000.
Features of demat account services by Brokerage firms:
- Brokerage firms provide demat account and online trading account as part of demat account services.
- Brokerage firms have tie-up with banks to transfer customer’s money from their account to brokerage firm’s account. Once the funds are transferred, it may take 1 to 3 day’s time to reach brokers account, depending upon the bank and location.
- Once you buy some shares, your demat account would get credited with those shares and your account with broker would debited with the amount of such purchases. Same way, once you sell shares, your demat account would get debited to those many shares and your account with broker would be credited with the proceeds. Generally, the proceeds would take T+2 days (Transaction day + 2 days). Once the funds are reached brokerage account, you can transfer to your bank account. This process also may take 1 to 3 day’s time.
- Brokerage firm offers stock market recommendations to their customers. They suggest several stock picks like large cap recommendations, mid-cap recommendations, small cap recommendations and penny-stock recommendations. They provide variety of research reports.
- The demat account transaction charges are very low and ranges between 0.2% to 0.5% depending on the broker.
- There would be account opening fees and annual fees charged by brokerage firms which range between Rs 500 to Rs 1,000.
- There is a negative point that during market crash, several brokerage firms have closed down their shop. Hence investors need to be cautious about this.
What documentation required to open a demat account in India
- PAN Card
- ID proof. It can be voter card, driving license, electricity or landline bill or ration card.
Some of the banks and brokerage firms offering demat services along with details.
1) ICICI Direct
- Services : 3-in-1 (Savings account, Demat A/c, Online trading)
- Brokerage charges (Delivery): 0.55%
- Brokerage charges (Intraday): 0.275%
- Account opening charges : Rs 975
- Demat annual charges in : Rs 450
2) HDFC Securities
- Services : 3-in-1 (Savings account, Demat A/c, Online trading)
- Brokerage charges (Delivery): Higher of Rs 25 or 0.5% of transaction value
- Brokerage charges (Intraday): Higher of Rs 25 or 0.10% of transaction value
- Account opening charges : Nil
- Annual charges in Rs : Rs 250 to Rs 750 depending on the number of transactions
- Other conditions : You need to open savings bank account in HDFC bank as part of the process.
3) Kotak securities
- Services : 3-in-1 (Savings account, Demat A/c, Online trading)
- Brokerage charges (Delivery): 0.49%
- Brokerage charges (Intraday): 0.049%
- Account opening charges : Rs 750
- Annual charges in Rs : Rs 600
4) SBI
- Services : 3-in-1 (Savings account, Demat A/c, Online trading)
- Brokerage charges (Delivery): 0.50%
- Brokerage charges (Intraday): 0.15%
- Account opening charges : Rs 500
- Annual charges in Rs : Rs 350
5) Sharekhan broker
- Services : 2-in-1(Demat A/c and online trading)
- Brokerage charges (Delivery): 0.50%
- Brokerage charges (Intraday): 0.10%
- Account opening charges : Rs 750
- Annual charges in Rs : Rs 400 (1st year free)
5) Angle broking
- Services : 2-in-1 (Demat A/c and online trading)
- Brokerage charges (Delivery): 30paise
- Brokerage charges (Intraday): 6paise
- Account opening charges : Rs 390
- Annual charges in Rs : Rs 300 (1st year free)
6) Geojit BNP Paribas
- Services : 2-in-1 (Demat A/c and online trading)
- Brokerage charges (Delivery): 0.30%
- Brokerage charges (Intraday): 0.03%
- Account opening charges : Rs 800
- Annual charges in Rs : Rs 400
7) Indiabulls services
- Services : 2-in-1 (Demat A/c and online trading)
- Brokerage charges (Delivery): 0.40%
- Brokerage charges (Intraday): 0.04%
- Account opening charges : Rs 950
- Annual charges in Rs : Rs 450
Readers, I invite for your valuable suggestions and feedback on this article.
If you enjoyed this article, share the link in Facebook/Twitter. The links are provided below.
Suresh
Topic: How to choose a good broker for demat accounts services
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I imparesed this company
I want to open demat account for spending money in Mutual fund.
Hi Suresh,
I have demat account in SBI. I have purchased some shares a year ago. Now i want to buy Mutual fund.
Should i go with SBI deamt a/c only or should i move to some other firm which will provide me low charges.
pls suggest. Thanx in advance
What is the difference between Brokerage charges (Delivery) and Bokerage Charges (Intraday)
Pls guide
Hi Vimmo, Brokerage for delivery is where you take the delivery of stocks i.e. you buy today, but these stocks would come to your demat account in 2-3 working days. On other side, brokerage for intraday is where you purchase and sell on same day. e.g. your buy order would get executed in the morning and sell order is executed before market closes. Generally, intraday charges would be less compared to brokerage charges for delivery.
I have demat account with Tradeplus Online.They are providing lowest brokerage charges and they won the NSDL Star performer award in the year 2013 and 2015.They also providing 5 in 1 account for NRI.So I prefer Tradeplus Online is one of the best broker for demat account opening in india.
Nice to hear that Kamal
Thank you Suresh
Angel broking fully cheater, I have a account in Angel broking, suppose my profit showing in demat account 12000 but in his statement it was showing 8000, after collection all proof I had a call. They said it's tax, I said all taxes showing in your statement but it's why not showing.
Yes you are right. I am also suffering very badly by opening account with this company.
Good blog post . I am thankful for the analysis . Does anyone know if I might be able to grab a template CT JD-CV-3a form to fill out ?
Very nice info
Nice info. Is it good to keep a savings bank account linked with the trading account ?
Also if that is your account in which ur salary gets in.
So which is the best option?
If
Which firm gives lowest brokerage rates for intraday
How about MyValueTrade firm which offers 10 Rs per trade executed, the lowest in town i think.
But is it reliable and how is the services provided by it ?
dear investors,
you can also contact discount brokers like rksv,zerodha etc for trading account which charges extremly low charges than full brokers. they will also help in demat account also.
Hi suresh,
Can I get details and information regarding forecast market up/down trend from sharkhan broker. or which brokerage is the best where I can get more information on the market? I am going to start online trading very soon planning to start by next week. To start with, which broker I should go for demat account/trading account. I am already having saving account in HDFC and SBI.
plz also tell me what is demat account and trading account. both are same?
Your valuable reply is highly appreciated.
forward my details of angel broking to open demat account
Hi suresh..
Can you plz suggest me on opening of demat account.. Which firm should i follow to open dmat account.. What about ICICI direct? I have saving account in HDFC. How is HDFC demat a/c.. Which one is better..Pl help..
hi suresh sir,
I am new to share market.
still now i didn’t open a demat and trading account.
can u suggest me that which brokerage firm is good to open?
stunning… helped me tons
thank a lot
Stunning…… Helped me tons..
thank u.
Hi i m ravi .Can anyone help me ..I want to open demat account. I m from bhuj ..Gujarat..plz give me one call . i will call back 9723197582
Dear Suresh, I have already have an ICICIDirect account and would like to invest in stocks for long term. I am new to this and would like to only buy/sell stocks like once in two months. Do you think I should continue with ICICI or take an account in Sharekhan. I am asking this as the amount charged with ICICI seems to be more compared to other firms. Please guide me on this. Also, please let me know for a newbies like me which are the best stocks to buy. I have done a little bit of research and found compains like JCT, Transgene bio, Udaipur udyog, axis bank, tanla solutions, aditya Birla money. Do you think these are worth investing for long term. Please let me know.
Sravanth, If you are regular trader, you can go for less charged broker. Yes ICICIdirect charges high brokerage charges.
Dear Mr Suresh
I am holding reliance security dmat account. Usually I never used to see sauda summary of the transaction, oflate I saw that esp cals ref shares which I bought 90000@.12 were effectively charged 90000@.19 (i.e the figure reflects deductions of brokerage etc), don’t u think it is really high. I mailed Reliance security but they never revert back
Warm Regards & Thanks
There are a few brokers who would charge even less than that like Zeroda. Some of the readers indicated on this blog.
Thanks, however I realised that Reliance money charges additional .07 paise / share for share worth 17ish below. So if any one is trading in penny stocks stay away from reliance mony
hi suresh,
iam new to this can u suggest any courses realted to this
Review our article Mamta.
Dear friends,
We are offering a professional service to our esteemed clients…with our pointer trading platform you can buy,sell shares with lightening fast speed…
Investors from Hyderabad and Rest of Andhra Pradesh can call me to open demat account with us 9493950847…
Thank you Suresh ji…
I want to open an account.Can you please drop me a mail to revert back to you.
Sir,
please tell me about IDBI dmat account? and suggest some other demat accounts?
I like your patient response to every mail!
And good clarity of thought
Hi Suresh,
Many Thanks for the above blog. Really it is vry helpful for new investors like me. Eagerly waitng to know about the websites where I can do practice trading before entering into the real market. Let me know when are u publishing that article.
Also, it seems from first look that Brokerage firms like Angel Broking & Sharekhan have less charges n fees but as a caution u have mentioned that during market crash these firms close thir shops. Can u please elaborate more on it with examples? like if someone has invested Rs. 100000 thru Angel Broking and if it gets closed so does it mean the whole amount will be irrecoverable?
Thanks in advance
BP
Hello Suresh Sir,
I’m decided to open Dmat a/c with angel broking. What is ur opinion about angel broking.
Good. It has its own positive features.
Hi suresh,
Your information is really helpful.I am new this field. Can you please provide me your other artical links on how to invest on share market or the articles which you feel that are helpful for beginners.
Thanks,
Santhosh
You can check “Stocks” section available on the right hand side Santhosh.
Hi Suresh,
I have an ICICI demat acnt. I want to buy SBI ETF GOLD. Is it possible or I should have only SBI DMAT account to buy it. Please advise how to proceed further. I m planning to buy 1k per month on SBI ETF gold. is it advisable ?
Thank you
If you have demat account, you can invest SBI Gold ETF
Hi Suresh,
I am looking for a 1 lakh per annum investment for a 10 year period. I have seen aviva i-growth has good returns in the past 3 years, as well as its covering life and tax benefit. Can I goahead and buy it or do you have advise any other ULIP in HDFC or ICICI. Please advise. Thank You.
How do I start and where do I choose to buy sbi gold etf in icici dmat ? How much do you advise and what is the time period to consider to expect good returns on Gold etc ?
Hi suresh..your articles help a lot.pls tell me one thing..if I find a brokerage house cheating me can I close my demat account easily? And is it true that sharekhan charges amc both for trading account n dema. Account
Abhik, You can close trading account and link demat account with new broker. Pls see my latest article about 3-in-1 stock brokers.
which is better angel broking or share khan or motilal oswal
Every broker has their own postiives and negatives. Wait for my analysis which is coming in next 2 weeks.
Hi Suresh,
Nice info it helped me to take some decisions. Between can you let me know which websites could i use to open practice trading accounts which are also connected to real market share values. I want to do some trading practice before i enter real market. Feel free to drop me email.
Thanks regards,
Shree.
I am posting an article in next 2 weeks, wait for this
Which online trading account has a user friendly interface.
Also can we trade using a android phone on any of these?
Nithin, I am writing an article on this topic. You would see this in next 7 days
eagerly waiting that article. please include the information about the available apps in android and windows mobile platforms.
thanks sir. good information.
Can NRI open DEMAT a/c
Hi Anil, Very much. Pls approach any demat account broker, they would guide you with process.
Hi,
I am new comer.I don't have any deemat account.I want to invest in shares of some companies like ranbaxy(for longer period) ,so I can get profit.I want to invest less.can u suggest me anything which one's brokerage charge is minimum.My salary is 10k,so invest will be also less.I want to choose good one to open account(ex:sharekhan,hdfc,kotak…etc).Please tell me the best which will charge less brokerage fee.I don't have any idea about all this.Please help.
you can mail me sangram3078@gmail.com
Icici is looting
hi,
i am new to trading and am confused about which broker to choose for demat account.. i want to do intra day trading and am starting with 80000. i couldn't decide which one will be the best for me. i would appericiate your advice.
Arun, every broker would have their postives and negatives. Go thru their websites and choose 2-3 and compare them. Based on it you can filter one which suits your trading style.
Other than Brokerage charges, HDFC charged me Rs.25 on every debit transaction saying depository charges. (excluding Demat A/c annual fee which is 300 to 750 per year). They told nothing about these charges initially and after couple of months, they deducted the charges for all debit transactions from my SB a/c. It is another bad experience for me with HDFC.
I paid
for buy transactions => 0.8% approximately (inclusive of all taxes, brokerages, charges)
for sell transactions => Rs.25 + 0.8% approximately (inclusive of all taxes, brokerages, charges)
Is the ICICI also charges like this?
What about religare? anyone have experience on it?
Sri, ICICI Direct is charging 0.8% on buy and sell. I do not know about Religare
sir you replyed me very quik thanks for that and that helpfull for me your doing very excellent jo
i want dicount broker which one is good for me i am new in share market how is trade smart online
Sameer, There are several brokers and difficult to say whether the one you said is good or not. Choose one from the one what I suggestd.
your information is helpfull for us and i want saggestion about zerodha and RKSV
Hi Sameer, I have not analysed much about such companies. Consider reputed companies instead of that. That’s all I can say.
Pl let me now your feedback of "Integrated enterprises" E-Series DP scheme where they have mentioned Annual Maint fee as NIL
since my number of transactions willbe minimal, is this a good DP
Alex, There are several depository participants and it is difficult to tell. Consider from reputed ones which I indicated.
Hi Suresh,
Its always interesting reading your articles.
Zerodha brokerage account
EQUITY Delivery
EQUITY Intraday
Brokerage
0.10% or Rs. 20/Trade whichever is lower
Now this offers extremely low brokerag.
Please let me know what are your opinions on these
Bhavesh, Thanks for your comments. I have not heard this company earlier. I would personally prefer a reputed brokage company before I do such long term investments
Hi,
I would like to open demat and trading account. I'm long time investor and invest small amount of money for a long period. Could you suggest me which bank/brokerage firm offer me demat account, operation charges, maintenace charges, brokerage, etc at lowest price ?
Hi Suresh
I am new to share market. I have gone through the question and answers to ur blog
I am happy to see that you provide valuable information to those in need
My need of the hour is that i would like to know how to make short sale in market
Do i need to buy these shares first and then sell
Plz do through a look on reliance securities deemat ac
Wat is your opinion on relaince securities deemat ac
Regards
Bilal, Thanks for your appreciation. 1) Generally short selling happens when you anticipate a fallin in stock price. Means you should first sell this stock and once the stock price falls you should buy back. The difference is profit. e.g. If you think X stock price would fall. Assume that X stock price is Rs 100 then you would sell at Rs 100. Once the stock price falls say to Rs 90, then you would buy. The difference of Rs 10 is your profit. 2) I do not have idea about the features of reliance securities demat account, but one think you should look is low transaction charges.
Dear Suresh,
I am planning to open Demat Account. Could please suggest me with which bank i should go with?
I have salary account in HDFC and Saving Account with SBI. please let me know the current charges for both the bank and whether i need to maintain minimum account to open demat account with bank?
Hi Dhaval, Banks does not offer demat account facility. These are offered by stock brokers like HDFC Securities, ICICI Securities etc., Banks which are subsidiaries of the groups would be linked to demat account. You can enquire with HDFC Securities or SBI about account opening charges and transaction charges.
sir i want to trade in options intraday and my capital is 5000 rupees
Can you provide the list of DP providing BSDA Account.
How can i suggest which type share purchase for profit.
Hi Suresh,
I have to open a DEMAT ACCOUNT, i have following criteria for this
1. Smart Phone Access
2. Service Must be good i don't want to be fussy with online services
3. Initially might be i get more involved with INTRADAY trading but in long run i feel so i can continue with DELIVERIES more.
4. Is it worth to open with ICICI Direct, as i have my salary account with ICICI Bank
5. Or i can go with HDFC, but i don't have account with it
6. I am concerned about brakerage charges and annual fee to be less
7. Or as per my need i can go with some other DEMAT Account like SBDA (IIFL)..
Regards
-Swati
Swati, If you are frequent trader, you should consider accounts like Sharekhan where transaction charges are low. Don’t go for ICICI as the charges are very high (0.8% on delivery i believe and 0.5% for intraday). If you are just an investor, you may not see much difference, but as a regular trader, you may have good savings. Check HDFC or any other account where charges are less than 0.5%
sir,
I already having a demat account with icici due to heavy brokerage charges i planning to move it to sharekhan or rk global i am having confusion on which good please guide me on what needs to be done and i am a starter in demat activities.
thank you
Sushma, It depends on what kind of trader or investor you are. If you are frequent trader, you can go for sharekhan kind of demat account. I do not know RK global, hence cannot comment.
Hi All,
I am a new and small investor(for transaction like MF, SIP, Equity) who wants invest 1-2 lac per annum, and i want to open an demat account but i am confused between axis bank and IIFL accounts.
I have salary account in axis bank, but charges higher fee with lot of options. at the time many of friends use IIFL account and they say it charges are low for transactions.
Please suggest me which is better.
Thanks
Ravi, It depends on whether you are frequent trader or investor. If you are frequent trader, you should just look for low transaction charges. But if you are investor, don’t worry, you can consider anything which is convenient including ICICI Direct.com. Generally you shoud look for delivery transaction charges. e.g. ICICI charges 0.8% on delivery transaction charges. But there are several ones which provides for even 0.25% transaction charges.
Hello suresh
Can u plz put some light upon Fundsindia..Is it a brokerage firm? do they charge for SIP like ICICIdirect charge Rs 16.85 per 1000 rs SIP ?? What do u suggest??? whats the benefit of opening acc with them??
Hi Priyajit, It is mainly a mutual fund broker. Fundsindia does not charge any transaction charges like ICICI Direct does for ech and every SIP or lumpsum investment in mutual funds. It gets comission through trialing fees from mutual fund schemes when you invest through them. This is currently well established company. However it also offers demat account for share trading where it charges fees. Many readers indicated that they have invested in MF’s through fundsindia and they said services are good. I personally not invested through them.
I dont understand the brokerage. Please exlain:
If I trade (buy and sell) 1000/- (value in total) stock then with .05% brokerage for intraday, how much will I be paying as charges?
Afser, the amount is the traded value. e.g. if you do intraday, your trading value of Rs 100,000, the brokerage of 0.05% would be Rs 50. I have not taken your example of Rs 1,000 as it is very small amount and I don’t think you cannot do trading for such small amounts.
sir my capital is 5000 rupees i want to trade in shares which segment i can trade
please help
Amjad, I have 15+ years of experience and I am thinking you are asking me difficult question. Trading in stocks are high risk. You may loose money as you are investing on individual stocks. If you are new to investment, my suggestion is NOT to invest in stock market for now. 1) Open demat account 2) List down which stocks you wanted to buy with reasons and current price 3) Wait for 3 to 6 months, check whether your preductions are right 3) Once you think you are familiar, then you can start direct trading.
ur suggestion is too gud , this will help beginners to know , whether they can handle this properly r not… thank u..
sir i went to a broker .to open demate and online trading account he demanded me a cancilation cheque and a margin cheque .what is cancillation and margin cheque and what the min and max amount for t
Ankur, I do not know about margin cheque, but cancelled cheque is required to know that your bank account is genuine. Check with broker about margin cheque.
Hi,
I have a demat account in Stock Holding Corporation which is actually in my mom’s name. It was opened 20 years ago and it is active but when I called them by phone and asked them to buy them some stock and gave a cheque from my bank account. They rejected saying that TO BUY SHARE WE HAVE TO ISSUE A CHEQUE FROM THE SAME BANK ACCOUNT WHICH IS ASSOICATED WITH THE DEMAT/ PHONE TRADING ACCOUNT. Is it the same way in other LTD’s also.
can you please brief me about how a demat, trading and bank account will be linked in the above scenario.
Hi Keerthi, That is right. Your demat account is linked to a bank account. Any dividend on stocks or any redemtpion would be paid back to your bank account, hence you should pay from your bank account only or thru such bank cheque.
I am new in sharemarket and want to open demate a/c with bank. please suggest me good provider which offer good services demat software which I can use on my smartphone aswell . I can trade most of the time only on mobile phone online or offline. I can’t reach on pc online frequently.
Thanks
Harish, Little tricky question. I was able to analyse good brokers, but not analysed whether their applications support mobile compatability. Even it would be difficult for us to analyse unless we use and experience it.
sir i am new in share market and i want to open demate acount with sharekhan i am small invetor 5000 to 7000 pleas help me
Sharekharn is one of broker offering lowest brokerage charges. There are several others too. Please contact sharekharn customer care no. at 1-800-22-7500 (Toll Free)
Hi,I was thinking to open in HDFC Securities but since I don’t have a HDFC saving account. I choose to open a 10k min balance account. When applied and contacted they are asking 3 times min balance amount as initial deposit ie. 30K. but previously I have opened saving account in other banks which don’t ask for 3times minimum balance as initial deposit. I checked in their website but couldn’t find any such clause. I have salary account in ICICI. Can you suggest is going to ICICI Direct is good considering opening charges and other charges
Hi Keerthi, I use ICICIDirect. If you are frequent trader, the charges looks to be high. But I am normal investor and does not invest every day. Looking at other features, I prefer to have this account. You can consider this option
Hi, Suresh.
Kindly provide me the code for L&T for buying shares in icici direct.
Lohit, I felt it is simple questoin which you can type in ICICI Direct and get it. I would not disappoint you, it is LARTOU
Hi suresh,
How do you rate SBI in demat services.
Minu, Personally I do not have account with SBI, hence not able to comment.
Sir i talked wd kotek mahindra executive they said 750 for account opening for offline mode,if u want online then 700 again for security key and pwd..what is this sir..
Anuj, The rules may change any time. You can check with other brokers indicated here.
so which is the best ?
What are these
1.intraday
2.delivery
3.brokerage to whom?
4.Transcation Value
Prasad, Looks you are new to share market. 1) Intraday is where you trade only for the day. Before end of hte day, these would get squared off and you would get profit or loss. 2) Delivery is apposite to intraday. Means you would buy stocks to take delivery. You may sell at later point of time 3) Brokerage charges are paid to broker 4) Transaction value is the value of trading you would do (no. of shares x price you pay to buy or sell)
Really nice information? where to open demat account with borkers or with bank? any suggetion?
what is large cap? mid cap? small cap??
Banks do not offer demat account. Brokers in arrangement with banks offer demat services so that funds can be transferred easily from bank account to broker account to buy stocks.
Hi Suresh,
Your above comment confused me. "Banks do not offer demat account. Brokers in arrangement with banks offer demat services". SBI is offering the demat account and the other banks too, are they tied up with some third party?
For small investors and not a regular investors which is best the bank or brokerage firms?
Please suggest
Thank you
Kishore
Kishore, What I meant is you need to open Demat account with brokerage firm. To purchase stocks you need to transfer money from your bank account to brokerage account. Hence all brokerages would tie-up with banks. When you open demat account, you need to open bank account or if you already have a bank account which has tie-up with brokerage you can use the. I use ICICI Direct.com for demat services. Thought they charge little higher transaction charges of 0.55% per investment, I would still prefer due to convenience. There are other brokers who charge less. I have given details of some brokers at the end of the article, you can refer them and choose one.
Dear Suresh sir,
Many thanks for information i am going to open Demat account, and i can invest 5000 to 10000 pm, can you please guide where to invest? and ready to pay yours one time charges consultancy fees,
Thanks again,
shrimant
Shrimant, If you are new to investing, my suggestion is to invest in mutual funds in diversified or large cap funds. Then you can move to investing in direct stocks.
Hi Suresh,
The info in the article is really helpful for a beginner like me. Thanks a ton!
Suresh, HDFC charging annual fee for opening demat account. Pl double check.
Aravinth. The details were on specific date of writing the article and they keep changing. I have updated this. Thanks for help me to correct the data.
how much time does it take to open dmat + trading account.
what if one opensa nd keep zero balance in it,to invest at later date
Arjun, It depends on broker and their process. You can consider max of 1 week for such process. If you do not have any shares in demat account, no need to worry. The only problem is you need to pay annual maintenance charges even in case there are no shares in demat account
Suresh,
Thanks for this article. As I mentioned in one our MF conversation. I am very new to shares, Demat and MF. I have my Demat account with ICICI bank. I never paid any charges to open the account as I have my Salary account with them from past 8 years. But when I looks at the Brokarage charges, it looks like higher :(… I am earning 4 lacs per annum and saving very little amount in MF or shares … I am really happy to see your interest to help people like me with the knowledge… thanks a lot… good effort and keep up the good work…
Thanks
Jaya Bhat
very good information
at a right time for me thanx
Hi All,
the Dmat charges mentioned are on higer side,
Let me know if you need ceaper Dmat account with repted brokerage firms,
thanks
Mukesh,
Mukesh, there are several companies offering demat services. Please specify few of them along with the transaction charges + annual charges so that I can analyse and recommend to readers. I have removed your email ID and contact nos as I do not want my readers without analysing any of them. Thanks for coming forward to help our readers. Would be awaiting for your details.
Nice information..thanks:)