Please Note:

Demat or Dematerialised Account is used to hold shares and securities in electronic format. Opening a Demat account helps in holding shares that have been purchased or dematerialised, making share trading simple for users while engaging in online trading.

Features and benefits of Demat account

  • 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.

  • Lower brokerage

    Avail benefits of one of the lowest brokerage rates, starting at Rs. 5 per order*.

  • Margin Trade Financing with Demat account

    Trade with one of the lowest MTF rates using BFSL Demat account

  • 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. 

  • 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. 

  • 100% digital account opening

    You can easily open your Demat account online with just keeping your PAN card, address proof and bank details handy.

  • 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.

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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

A step-by-step guide to opening a Demat account

Step 1: Click on ‘Open Account’ on this page.
Step 2: Enter your mobile number and email ID and validate them using the OTP.
Step 3: Provide your PAN card, income range, gender, and father’s name.
Step 4: Enter your bank details which will be used for all the transactions.
Step 5: Add your address and upload all the required documents, as mentioned above.
Step 6: Record a live video for In-Person Verification (IPV).
Step 7: E-sign the application through an Aadhar-linked mobile number.
Step 8: After completing all the steps, submit the application for verification.

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.

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Frequently asked questions 

What is a Demat account?

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.

What are the types of Demat accounts that you can open?

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
Are shares held in a Demat account transferable?

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.

What kind of securities can be kept in a Demat account?

You can hold various types of securities, like shares, mutual funds, bonds, and ETFs in a Demat account.

Do you need a Demat account to apply for an IPO in India?

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. 

Is there an option to open a joint Demat account?

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).

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Free Account opening is through the Freedom subscription pack, where the yearly subscription charge in the 1st year is nil and 2nd year onwards it is Rs.431 (inclusive of GST).

BFSL is only distributor of Bonds & Sovereign Gold Bonds (SGB). These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.

Investments in securities market are subject to market risk, read all the related documents carefully before investing. As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in rights and obligations statement issued by the TM. Visit our website: Disclaimer: