Fees and charges of Demat And Trading Account

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.

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.

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).

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.

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.

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.

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.

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

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.

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.