Features and benefits of Demat account
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Zero-cost account opening
Open your Demat account for free using the freedom subscription pack of Bajaj Financial Securities Limited (BFSL). The services are free for the first year. Rs. 431 will be chargeable from second year onwards. Click here to check the other subscription packs.
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Lower brokerage
Avail benefits of one of the lowest brokerage rates, starting at Rs. 5 per order*.
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Margin Trade Financing with Demat account
Trade with one of the lowest MTF rates using BFSL Demat account
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Affordable subscription plans
You can choose from three subscription plans while opening your Demat account. This is the Freedom Pack, Professional Pack, and Bajaj Privilege Club.
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Easy access to website and app
You can easily open a Demat account using the BFSL website or mobile app. You can keep a track on your trading activities.
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100% digital account opening
You can easily open your Demat account online with just keeping your PAN card, address proof and bank details handy.
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Trusted and credible platform
Bajaj Financial Securities Limited (BFSL) is a 100% subsidiary of Bajaj Finserv, a trusted brand. Bajaj Finserv is an established legacy of trust and credibility in Indian financial market.
Demat Account – Subscription plans
| Charges |
Demat Account - Subscription Packs |
Freedom Pack |
Professional Pack |
Bajaj Privilege Club |
|
|---|---|---|---|---|
| Subscription charges | Free for 1st year; Rs. 431 per annum 2nd year onwards | Rs. 2,500 per annum | Rs. 9,999 per annum | |
| Brokerage charges (Intraday and Future and Options) | Rs. 20 per order | Rs. 10 per order | Rs. 5 per order | |
| Margin Trade Funding interest rate | 18% p.a. | 12.5% p.a. | 9.75% per annum | |
Eligibility criteria and documents required
Anyone can open a Demat account with Bajaj Financial Securities Limited if they meet the basic criteria mentioned below. You will need four documents and a photograph handy while opening the account.
Eligibility criteria
- Nationality: Indian
- Age: 18+ years
- Must have an active bank account
Documents required
- PAN card
- Proof of address (Aadhar card, driving license, passport)
- Photograph
- Signature on white paper
- Income proof, for activation of futures and options segment
Applicable fees and charges
| Type of charge | Charges applicable |
|---|---|
| Account opening charges | Nil |
| Annual maintenance charges | Nil |
| Off-market transfer – within BFSL* | Rs. 30 or 0.0002% of transaction value, whichever is higher (taxes applicable) |
| Off-market transfer – outside BFSL* | Rs. 30 or 0.0002% of transaction value, whichever is higher (taxes applicable) |
| Pledge/Unpledge/Closure/Invocation charges | Rs. 35 (taxes applicable) |
| Physical CMR/DIS | First CMR/DIS request is free. Post that Rs. 50 + Rs. 100 courier charges (taxes applicable) |
| Dematerialisation request charges | Rs. 50 per request + Rs. 50 per certificate |
| Re-materialisation request charges | Rs. 35 per certificate or per 100 shares and part thereof whichever is higher, and Rs. 25 per re-state of statement of the account redemption |
*Rs. 30 is chargeable each time an ISIN is debited from your Demat account.
Call and trade charges will be applicable at the rate of Rs. 20 + GST per executed order.
Frequently asked questions
A Demat account or a dematerialised account is used to hold shares and other securities in digital form. It is mandatory to have a Demat and Trading account in India if you wish to trade and invest in the share market.
You can register for a Demat account as an individual or a business or in collaboration with another individual. Given below are the different types of Demat accounts that you can open:
- Single holder Demat account
- HUF Demat account
- Joint holder Demat account
- Corporate Demat account
Yes, the shares held in a Demat account are transferable to other Demat accounts. The account holder has to request the Depository Participant (DP) for the transfer of shares and then complete the necessary formalities.
You can hold various types of securities, like shares, mutual funds, bonds, and ETFs in a Demat account.
Yes, it is mandatory to have a Demat account to apply for an IPO in India. You need to enter the Demat account number at the time of filling out the IPO application.
Yes, it is possible to open a joint Demat account. The account holders have to provide the necessary KYC documents (PAN card, address proof and bank proof).