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 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 |
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Brokerage rate |
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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.
Frequently asked questions
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.
Demat AMC is demat annual maintenance charge. It is the charge for maintaining your demat account by the stockbroker. It may be charged annually or quarterly, depending on the stockbroker. Demat AMC is applicable irrespective of whether you hold shares in your account or not. It is a fixed recurring charge.
Brokerage is the fee charged by the stockbroker when you buy or sell shares in the share market. 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).
Dematerialisation is the process of converting physical certificates into electronic forms. The opposite of it is re-materialisation. You can get your shares dematerialised or re-materialised by following the depository guidelines. However, there is a fee associated with dematerialisation/re-materialisation that you need to pay to the stockbroker.
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.
You can avoid demat account charges by going for the basic plan wherein you can open a demat account for free, at least for the first year. The package usually includes charges for the trading account and brokerage for any trades done. BFSL’s Freedom Pack is the basic package that offers free demat account service for the first year.
Yes, many brokers offer free demat accounts with all the facilities and features. Such demat accounts are part of the basic packages where the first year of service is free. From the second year onwards, you have to pay the charges. BFSL’s Freedom Pack offers a free demat account service for the first year. Second-year onwards, you are required to pay Demat AMC charges of Rs. 365 + GST.
