There are various demat account charges associated with a Demat account. These charges are levied by various governing bodies and the Government of India. Clearly, understanding demat account fees and demat account opening charges is crucial before opening a Demat account.
For each International Securities Identification Number (ISIN), *₹30 will be debited from your Demat account. If it is a Bajaj Broking Demat Account , then the charges applicable are ₹30 plus applicable taxes. In the case of market sale transactions, this will be applicable in a scenario when deliveries are made using a Bajaj Broking Demat Account against the exchanged securities’ pay-in obligations.
**Will be charged each time an ISIN is debited from your Demat account and if the receiving Demat account is not a Bajaj Broking Demat account. This is inclusive of CDSL charges.
The available subscription plans for Bajaj Broking cater to various needs of a trader or investor and allow them to choose a plan that can be beneficial in the long run. |
Subscription Plan | Freedom Pack | Professional Pack |
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Brokerage |
₹0 for Equity Delivery | ₹0 for Equity Delivery |
₹20/order for Intraday and F&O Trades | ₹10/order for Intraday and F&O Trades |
MTF Interest Rates | 18% per annum | 14% per annum |
Yearly Subscription Charges |
1st Year FREE | ₹2,500 |
2nd Year onwards ₹431 | |
| OPEN AN ACCOUNT | OPEN AN ACCOUNT |
Equity/Derivative Transaction Charges with Subscription Plans
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Type of Charge | Delivery | Intraday | Futures | Options |
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Transaction/ Turnover Charges | NSE - 0.00345% BSE - Charges vary as per the scrip group | NSE - 0.00345% BSE - Charges vary as per the scrip group | NSE - 0.002% BSE - Nil or 0.05% of Traded Value | NSE - 0.053% (on premium) BSE - Nil or 0.05% of Traded Value |
Clearing Member Charges | NIL | NIL | NSE & BSE - 0.00025% Physical Delivery - 0.10% | NSE & BSE - 0.00025% Physical Delivery - 0.10% |
GST | 18% on Brokerage Transaction & CM Charges | 18% on Brokerage Transaction & CM Charges | 18% on Brokerage Transaction & CM Charges | 18% on Brokerage Transaction & CM Charges |
STT | ₹100 per Lacs (0.1%) on Buy & Sell | ₹25 per Lacs (0.025%) on Sell Side | ₹10 per Lacs (0.01%) on Sell Side | ₹50 per Lacs (0.05%) Sell-Side (on premium) |
SEBI Charges | 0.00010% of turnover | 0.00010% of turnover | 0.00010% of turnover | 0.00010% of turnover |
Stamp Duty | As Applicable | As Applicable | As Applicable | As Applicable |
Demat Account Definition
A Demat account is a digital account where you can electronically store the shares you have bought or inherited. Earlier, trading in stock market was cumbersome, as it involved paperwork, and it was expensive, owing to high charges. With digitization, and introduction of Demat Account, now trading has become swift and affordable. Moreover, Demat Account opening charges are minimal, and some Depository Participants offer it for free. Today, retail investors with smaller capital can participate in share market , thanks to Demat Account. With a Demat Account, you can securely store your owned shares, as this prevents any loss or damage. It is easy to open a Demat Account online and only in a few steps. You can store all kinds of securities like bonds , ETFs, mutual funds, and shares. Opening a Demat account was a tedious and expensive task in the yesteryears, however, with online stockbrokers like Bajaj Broking, you can open a Demat and Trading A/c for free.
How Does Demat Accounts Work Online?
A Demat Account helps to eliminate the risk of holding securities in the physical form. It is convenient for an investor to view and track all the holdings at one place in the Demat Account. Investors can open a Demat Account by visiting the website of any Depository Participant (DP). Some DPs do not levy any demat account opening charges and investor can open the Demat Account for free.
A Demat account stores the shares digitally. Every time you buy a share, a digital copy of the share is stored in the Demat account. This makes the process of buying and selling shares in the stock market simple. With an online Demat account you can hold multiple forms of securities in one place, and it also helps you track every share that you have bought in one view. A Demat account is registered with all the governing and monitoring bodies like the exchanges, SEBI, and depositories to ensure a secure and smooth experience for you.
The way a Demat Account works is as follows- an investor places order in the stock exchange to buy a share at a specific price and quantity. The exchange searches another investor who has placed order to sell shares at the same price. Once there is a match, the order is executed, and the associated exchange of shares and money is settled through the clearing corporation. The buyer gets the shares credited in demat account after T+2 days where T is the day of transaction. The record of purchase date and buy price is recorded and can be readily accessed by logging in to the Demat Account.
Why Choose Bajaj Broking?
Bajaj Broking is a 100% subsidiary of Bajaj Finance Limited, a reputed name in the finance sector for decades and one of the largest retail asset financings NBFCs in the country. Bajaj Broking’s endeavour is to make stock market investment accessible to larger masses. Bajaj Broking has a Corporate Credit Rating of ‘CCR AAA/Stable’ from CRISIL – indicating its strong liquidity position and the ability to withstand difficult economic conditions.
At Bajaj Broking, customers get the benefit of low brokerage rates in the industry. Brokerage can get as low as ₹10 order, for trading in all segments (intraday, delivery, futures & options). Bajaj Broking keeps in mind the interest of both traders and investors. It offers its services through the Bajaj Broking Trade App and its website. Along with one of the lowest brokerage fees in the industry, it has diverse offerings for investors:
1. Low Brokerage Rates
Brokerage charges can be a significant expense for investors. While full-service brokers typically charge high brokerage fees, ranging from 0.25% to 0.50% of the transaction value, Bajaj Broking sets itself apart by offering much lower rates in the discount broking space.
Bajaj Broking offers brokerage as low as ₹10 per order. For equity delivery trades, it offers ₹0 brokerage under all subscription packs. The Professional Pack subscription plan, priced at ₹2,499 per annum, provides intraday and F&O trades at just ₹10 per order, including GST with no AMC charges for the first year.
For those looking for a more cost-effective option, the Freedom Plan offers free account opening, with no AMC charges for the first year. From the second year onwards, charges are ₹431, and even under this free plan, intraday and F&O trades are charged at ₹20 per order.
To illustrate the impact of brokerage costs, consider an options trader who takes five trades daily across 20 trading sessions in a month. With a brokerage fee of ₹20 per trade, the monthly cost would be ₹2,000, and over a year, this adds up to nearly ₹24,000. By choosing a plan with lower brokerage rates, traders can reduce these costs.
2. Margin Trade Financing at low-interest rates
Bajaj Broking offers a Margin Trading Facility (MTF) at low interest rates, allowing investors to increase their buying power by up to 4x. This feature is especially beneficial for traders with limited initial capital, enabling them to take larger positions in their desired stocks.
With MTF, you can take advantage of attractive stock prices without the full capital upfront, paying only the margin amount. Later, when you have fresh capital, you can convert the MTF order to a regular delivery order by paying the remaining balance. The broker charges interest only for the days the position is carried out, making it a flexible and cost-effective option.
Combined with Bajaj Broking's low ₹10 per order brokerage, this feature minimizes sunk costs, allowing you to maximize your investment potential.
3. Building a Long-Term Portfolio with Expert-Backed Research
Bajaj Broking continuously enhances its offerings to meet customer needs. A key feature is the daily stock recommendations provided by the Bajaj Broking research desk. These recommendations cover both cash and derivatives segments, helping users make more informed decisions when selecting stocks.
By leveraging expert-backed research, investors can navigate the market with greater confidence and build a long-term portfolio that aligns with their financial goals. Coupled with minimized demat account charges and a range of investor-friendly features, Bajaj Broking makes the stock market more accessible and advantageous for a broader audience.
Conclusion
Opening a demat account with Bajaj Broking offers a comprehensive and transparent fee structure. Whether you're concerned about opening charges, maintenance fees, or brokerage costs, Bajaj Broking provides competitive rates that cater to both new and experienced investors. Understanding demat account charges ensures that you're fully informed before you start investing. Bajaj Broking not only offers affordable solutions but also a seamless experience with a variety of features to enhance your investment journey. Choose a platform that values transparency, convenience, and long-term savings for every investor.