Bajaj Finserv Charges

Since Bajaj Finserv is a new broker in the stock market, queries around the Bajaj Finserv charges are apparent. Thus, we’ll discuss them in detail here.

Bajaj Finserv is a discount broker that is registered with SEBI. It is a member of NSE, BSE, NSDL, CDSL, and AMFI. These memberships facilitate trading in various financial segments like equity, IPO, mutual funds, corporate deposits, bonds, derivatives, etc.

Now that the necessary information about this broker is covered, so, let’s begin discussing the various charges levied by this depository participant.

The stockbroker has a non-subscription pack. The Bajaj Finserv Charges in this plan are as follows:

 

Bajaj Finserv Annual Subscription Packs

Every broker attempts to distinguish itself from its competitors. In this race, the Bajaj Finserv charges will undoubtedly bring a revolution in the field of discount brokers.

Bajaj Finserv has formulated three subscription packs for brokerage. These plans are listed below:

• Freedom Pack

This pack is free of cost, and the Demat account opening charges are zero. The AMC is zero for the first year and is ₹365 + GST 2nd year onwards. The financial segments included in this plan are equity and derivative.

The Bajaj Finserv charges 0.10% for equity delivery and ₹17/order for equity intraday and F&O as brokerage.

• Beginner Pack

The subscription charge for this pack is ₹500 + GST, and the AMC for the Demat account is ₹899 + GST. The financial instruments included in this pack are equity and derivative.

The brokerage charge for equity delivery is ₹0.99/order, and for equity intraday and F&O is ₹9/order.

• Professional Pack

This pack can be subscribed to for ₹999 + GST, and the Bajaj Finserv Charges for Demat AMC is ₹899 + GST. This pack stands out in providing financial products to its subscribers. They can trade in equity, derivatives, and margin trading financing.

The brokerage charges for F&O is ₹5/order, equity delivery is ₹0.99/order, and MTF Interest Rate is 0.05% per day.

For an easier understanding and quick comparison, this information about Bajaj Finserv charges has been tabulated below:

 

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Bajaj Finserv Demat Account Charges

Various brokers charge different amounts for Bajaj Finserv Demat Account Opening as well as Trading account. Some tend to charge a fixed amount and others offer this service for free. This broker extends the facility to open a two in one account.

A two in one account comprises a trading account and a demat account. Bajaj Finserv charges for opening an account are nil. Yes, you read that right.

You can open an account with Bajaj Finserv without paying any fee.

Other than this Bajaj Finserv Annual Maintenance Charges also vary according to the plan the detail of which is provided in the table below:

 

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Bajaj Finserv Brokerage

The Bajaj Finserv Charges for brokerage vary with the respective subscribed plan.

The brokerage charges for equity delivery are 0.10%, and equity intraday and F&O is ₹17/order for the freedom pack subscribers.

Simultaneously, in the beginner pack, the equity delivery brokerage charges are ₹0.99/order, and equity intraday and F&O is ₹9/order.

The professional pack offers three products that have the lowest Bajaj Finserv brokerage charges. They are – equity delivery is ₹0.99/order, F&O is ₹5/order, and MTF Interest Rate is 0.05% per day.

 

The broker has a non-subscription brokerage plan that is set by default. Bajaj Finserv Charges under this are as follows:

 

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Bajaj Finserv Annual Maintenance Charges

The Annual Maintenance Charges (AMC) for the Demat account are based on an annual brokerage plan subscription. There are three plans, namely – Freedom Pack, Beginner Pack, and Professional Pack.

The Bajaj Finserv charges vary for all three of these.

In Freedom Pack, you get free AMC for the first year and ₹365 + GST. On the other hand, in the beginner pack and professional pack, you must pay ₹899 + GST every year.

Contrarily, if you have not subscribed to any of these plans, the AMC levied on you will be ₹ 899 + applicable taxes.

 

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Bajaj Finserv DP Charges

The Depository Participant (DP) has a fee levied on its clients. This fee is charged on every sell transaction from your Bajaj Finserv Demat account. It is a source of income for the depositories and its participants.

The DPs debit a flat amount irrespective of the transaction size or volume and is commonly known as DP Charges.

Bajaj Finserv charges ₹ [] as DP charge.

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Conclusion

Bajaj Finserv has recently entered the stockbroking industry as a discount broker. As it is a subsidiary of Bajaj Finance, the brand value and trust are complimentary.

To attract customers in Bajaj Finserv trading, they have introduced multiple brokerage plans to extend their services at the least possible charges. The clients can choose from three brokerage plans that are to be subscribed for a year.

These plans are Freedom Pack, Beginner Pack, and Professional Pack. The Bajaj Finserv charges are levied under various categories like Annual Maintenance Charges, DP Charges, and Account Opening Charges.

We hope your queries regarding the Bajaj Finserv Charges have been resolved.

Happy trading, folks!

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