Demat Account FAQs

Know the answers to all common questions related to Demat account.

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.

Can I open a Demat account online on my own?

Yes, you can open a Demat account online on the Bajaj Broking’s website.

What documents are required to open a Demat account with Bajaj Broking?

The following documents are required to open a Demat account with Bajaj Broking:

  1. PAN card
  2. Proof of address (Aadhar card, driving license, passport)
  3. Photograph
  4. Signature on white paper
  5. Income proof, for activation of futures and options segment

Also, keep your bank details handy.

What are the charges to open a Demat account?

With Bajaj Broking Freedom Pack, you can open a Demat account for free. You need not pay any additional charges for one year to manage your Demat account. Apart from this, Bajaj Broking offers a professional Pack for an annual charge of Rs. 2,500.

What are the benefits of a Demat account?

Given below are the key benefits of opening a Demat account:

  1. A secure way to hold your shares and securities, digitally.
  2. Allows quick transfer of shares.
  3. Makes online trading easier and accessible.
  4. It eases and streamlines the process of share trading.
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).

Do I need to pay any fees for my Demat account?

An annual maintenance charge is payable to the Depository Participant (DP) for Demat account.

Can I open the Demat account for free?

Yes, you can open a Demat account for free with the Bajaj Broking Freedom Pack. It is free for the first year, and second year onwards, the account holder needs to pay Rs. 431 per annum.

What is the minimum balance for Demat account?

Your shares are kept electronically in your Demat account. There is no required minimum balance because shares, not money, are kept in Demat accounts.

What are the per order brokerage charges with the Bajaj Broking Demat account?

The brokerage charges for Bajaj Broking Demat account starts at as low as Rs. 10 per order.

How is a Demat account beneficial?

Given below are a few key benefits of a Demat account:

  1. Easy and immediate transfer of securities.
  2. Elimination of risks related to theft and loss.
  3. Convenient settlement and disbursement of shares.
  4. Easy holding of shares.
Can we close Demat account anytime?

When no holdings, payments, or charges are pending, account holders can close their Demat accounts. They need only submit a request to the appropriate Participant Depository (PD).

What are the MTF interest rates for Demat account trading?

The MTF interest rate for Bajaj Broking Demat account starts at as low as 14% p.a.

How can I open a Demat account with Bajaj Broking?

You can easily open your Demat account online with Bajaj Broking. You just need to keep your PAN card, address proof, and bank details handy.

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Disclaimer:

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).
Bajaj Broking 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: https://www.bajajbroking.in/ Disclaimer: https://bit.ly/3LfJavu