Fees and charges

Having a demat and trading account is a prerequisite to start trading in shares. There are specific fees and charges applicable when you avail of the demat and trading account services.

Subscription plans of Bajaj Financial Securities Limited (BFSL)

To open a demat and trading account with Bajaj Financial Securities, you can sign up through one of the three subscription packs, each offering different brokerage rates.

Here are the details of all the demat and trading account fees & charges associated with BFSL:

Types of charges

Freedom pack

Professional pack

Bajaj Privilege Club

Yearly subscription charges

First year: Free

Second year onwards: Rs. 431

Rs. 2,500

Rs. 9,999

Demat AMC

Free

Free

Free

Products included

  • Equity derivative
  • Equity
  • Derivative
  • Margin trade financing
  • Equity
  • Derivative
  • Margin trade financing

Brokerage rate

  • Equity delivery: 0.10%
  • Equity intraday and Futures and Options (F&O): Rs. 17/ order
  • Equity delivery and intraday and F&O: Rs. 10/order
  • MTF interest rate: 12% per annum
  • Equity delivery, Intraday and F&O: Rs. 5/order
  • MTF interest rate: 8.5% per annum
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Equity/derivative transaction charges (list of charges for subscription model)

Apart from brokerage charges, a few other charges are levied on your share market transactions as detailed below:EQUITY/ DERIVATIVES

EQUITY/ DERIVATIVES

Types of charges

Delivery

Intraday

Transaction/ turnover charges

NSE - 0.00345%

NSE - 0.00345%

BSE - Charges vary as per the scrip group

BSE - Charges vary as per the scrip group

Clearing member charges

Nil

Nil

GST

18% on brokerage transaction and CM charges 

18% on brokerage, transaction and CM charges

STT

Rs. 100 per lakh (0.1%) on buy and sell

Rs. 25 per lakh (0.025%) on sell side

SEBI charges

0.00010% of turnover

0.00010% of turnover

Stamp duty

As applicable

As applicable

 

EQUITY/ DERIVATIVES

Types of charges

Futures

Options

Transaction/ turnover charges

NSE - 0.002%

NSE - 0.053% (on premium)

BSE - Nil or 0.05% of trade value

BSE - Nil or 0.05% of traded value

Clearing member charges

NSE and BSE - 0.00025%

Physical delivery - 0.10%

NSE and BSE - 0.00025%

Physical delivery - 0.10%

GST

18% on brokerage, transaction and CM charges

18% on brokerage, transaction and CM charges

STT

Rs. 10 per lakh (0.01%) on sell side

₹ 50 per Lacs (0.05%) Sell Side (on premium)

SEBI charges

0.00010% of turnover

0.00010% of turnover

Stamp duty

As applicable

As applicable


Details of BSE transaction/ turnover charges

Demat account charges

Here are the BFSL demat charges:

Types of charges

Charges

Account opening charges

Nil

Annual maintenance charges

Nil

Off-market transfer within BFSL*

Rs. 30 or 0.02% of transaction value, whichever is higher + applicable taxes

Off-market transfer outside BFSL** Rs. 30 or 0.02% of transaction value, whichever is higher + applicable taxes

Pledge/unpledge/closure/invocation charges

Rs. 35 + applicable taxes

Physical CMR/DIS

The first CMR/DIS request is free. Post that Rs. 50 + Rs. 100 courier charges + applicable taxes

Dematerialisation request charges

Rs. 50 per request + Rs. 50 per certificate

Re-materialisation request charges

Rs. 35 per certificate or 100 shares and part, whichever is higher and Rs. 25 per re-state of the statement of account redemption


For each International Securities Identification Number (ISIN), *Rs. 30 will be debited from your demat account. If it is a BFSL Demat Account, then the charges applicable are Rs. 30 plus applicable taxes. In the case of market sale transactions, this will be applicable in a scenario when deliveries are made using a BFSL 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 BFSL Demat Account. This is inclusive of CDSL charges.

Payment gateway charges

Types of charges

Charges

Net Banking

Rs. 10 per transaction + applicable taxes

Debit card

Rs. 30 per transaction + applicable taxes

Credit card (Required for opening client’s account; partner onboarding) - 1.40% on transaction value + applicable taxes

Cheque bounce charges

Rs. 1,000 per bounce + applicable taxes


Here are the other charges applicable:

  • Call and trade charges will be applicable at the rate of Rs. 20 + GST per executed order.
  • Requests for physical contract notes would be charged at Rs. 50 per contract note plus applicable courier charges.
  • Delay Payment Charges (DPC) of 0.05% per day will be applicable if the account is in debit balance.
  • As per the exchange requirement, 50% of margin must be maintained in the form of a cash component. Any shortfall will result in DPC being charged.

Demat and trading account is a prerequisite to start trading in shares; however, certain charges apply to the demat and trading account services. Bajaj Financial Securities Limited (BFSL) offers three subscription packs with different brokerage amounts to open a demat account.

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Conclusion

Getting the right Demat & Trading A/c for yourself may seem like an easy choice, however, it is important to ensure that your stockbroking partner is completely transparent about the charges that will be levied upon. For instance, Bajaj Financial Securities Limited offers its Bajaj Privilege Club members with Rs. 5 flat per order brokerage on intraday, futures and options and delivery trading as well. Investing and Trading are essential tools for your financial growth, hence, it is important to ensure that you choose the right discount stockbroker with good market reputation and high brand value. Security and ease of use should be the primary attribute an investor should look at before choosing an online stockbroker.

Frequently asked questions

What is the demat account opening charge?

It is the charge you pay to the stockbroker for opening your demat account. BFSL offers three subscription offers; freedom pack, beginner pack and professional pack with different brokerage charges.

What is demat AMC?

Demat AMC is demat annual maintenance charge. It is the charge for maintaining your demat account by the Depository Participant (DP). It may be charged annually or quarterly, depending on the stockbroker. Demat account maintenance charges are applicable irrespective of whether you hold shares in your account or not. It is a fixed recurring charge.

What are the demat transaction charges?

Demat Transaction charges are levied by the Depository Participant, every time a sell transaction happens for a delivery trade. It is only levied on sell transactions. The Demat Transaction charges for BFSL is Rs. 30 or 0.0002% of transaction value, whichever is higher + applicable taxes.

What is a brokerage charge?

Brokerage is the fee charged by the stockbroker when you buy or sell shares in the share market through their platform. Broadly, this fee can either be per cent based, proportional to your trading transaction value (charged by full-service brokers) or a flat fee per order irrespective of the transaction value (charged by discount brokers).

What is dematerialization and re-materialization charge?

Dematerialization is the process of converting physical securities certificates into electronic forms. The opposite of it is re-materialization. You can get your shares dematerialized or re-materialized by following the depository guidelines. However, there is a fee associated with dematerialization/ re-materialization that you need to pay to the stockbroker.

What is an off-market transfer charge?

When shares are transferred from one Demat account to the other without involving the stock exchange, it is called off-market transfer. Such transfers are done for several reasons, like transferring shares from demat account held with one stockbroker to the other, transferring ownership of shares between individuals, gifting shares to family members etc. Off-market share transfer involves debit and credit of shares between demat accounts, which attract charges. Therefore, it varies across the depository participant/ stockbrokers.

What documents are required to open a 3-in-1 account with us?

3-in-1 accounts are offered by banks with stock broking subsidiaries or collaborations. Bajaj Financial Securities Limited does not offer 3-in1 accounts. To open Demat & Trading Account with us, you just need a PAN Card, Proof of Address (Aadhar Card, Passport, Voter ID, etc.) signature on white paper and a recent photograph.

How do you avoid DP charges?

To reduce overall brokerage charges, we recommend you become a Bajaj Privilege Club member which charges you Rs. 5 Flat per order for intraday, f&o, and delivery trading.
To avoid DP charges, you can opt for Futures and Options, Intraday and, BTST (Buy Today Sell Tomorrow) Trading. DP charges are not applicable on the mentioned forms of trading.

What is the minimum balance for Demat account?

The role of a Demat account is to hold shares digitally, thus, there is no minimum balance requirement for a Demat A/c.

Can we open a zero-balance Demat account?

Yes, you can have a zero-balance Demat account. You do not need to maintain any minimum balance in your Demat account, it is only used to hold shares you have purchased. In fact, with Bajaj Financial Securities Limited you can open a Free Demat and Trading A/c through Freedom subscription pack.

How can I buy/ sell shares through a DP?

You can buy/ sell shares through the Demat and Trading Account provided by the DP. It will be available as an app or website. Your login credentials are provided by your broker once you have created your Demat and Trading A/c with them. The process of buying and selling is very simple on BFSLTRADE app, which is the Demat & Trading application offered by Bajaj Financial Securities Limited.

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