CDSL Demat Account Charges

CDSL and NSDL are two national depositories on which different Depository participants are registered. But has this question ever struck you, that, what are the Demat charges in a depository? If so, then will there also be CDSL Demat account charges?

Basically, CDSL is as relevant to the share market, as banks are to savings, cash, and FDs. Moreover, CDSL specifically works for BSE (Bombay Stock Exchange). This depository became functional in 1999, just three years after the establishment of NSDL.

So here is the question does demat account have charges? Well! the answer is YES.

Any stockbroker with who you wish to open a Demat account will charge you an account opening fee, maintenance fee, and several other transactional/extra charges which include, specifically, DP charges for the services of CDSL.

So, if you can bypass all brokers and straight away trade with CDSL, that will help save a lot, right? You will only be paying CDSL Demat account charges. But is this an option for investors? Let’s find out.

CDSL Demat Account Opening Charges

Sadly, a Demat account cannot be opened with CDSL directly. Therefore the question of figuring out the feasibility of CDSL Demat account charges becomes pretty irrelevant. But should that stop you from trading?

Of course not.

Here, we have compiled a list of brokers with their demat account opening charges which are substantially light on your pockets. These stockbrokers have been selected not just on the criteria of being cheaper, but also for the benefits of the Demat account they offer.

Upstox Account Opening Charges

When you open a Demat account with Upstox, you won’t have to pay any account opening charges. Apart from that, you will also be able to open a savings account with IndusInd bank if Upstox is your choice of broker.

 

Now, this broker is opening your Demat account free of cost. And it is on the list of best discount brokers in India. So should you at once select this broker? The answer is “no”. It will make more sense to consider other brokers and their benefits and corresponding charges before jumping to any further conclusions.

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Bajaj Finserv Account Opening Charges

Bajaj Finserv Demat account, one of the best Demat accounts in India, is free of cost to open. It comes under the list of prominent full-service brokers in India. Bajaj Finserv Demat account charges other than account opening have been discussed in the next section.

Read on and we will tell you exactly how to differentiate between brokers based on charges for Demat Account other than account opening. So how to decide when almost every other broker is providing a Demat account opening facility without any charges?

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Samco Account Opening Charges

Samco Securities is famous among Intraday traders because of a vast Intraday trading list that comprises more than 500 stocks. So investors registered with SAMCO can reap all the advantages of Intraday Trading with immense ease.

 

In addition to opening a SAMCO Demat account for free, investors prefer SAMCO Trading because of its uniquely sophisticated trading platforms that smoothen the trading experience.

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Paytm Demat Account Opening Charges

It’s a well-established fact that the Paytm Demat Account is one of the most affordable in the securities market. To check this fact, let’s see what Paytm charges for account opening.

 

By only looking at Paytm account opening charges, we can’t say that it’s highly affordable. In fact, apart from Demat account charges, one also needs to check Paytm Brokerage before labelling it most affordable.

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Edelweiss Demat Account Opening Charges

Edelweiss is one such broker that offers free-of-cost Edelweiss Demat account opening. And you can open Edelweiss Demat account both online and offline. But with an online application, you get instant activation of the Demat account.

 

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CDSL Demat Account AMC

In the process of discussing CDSL Demat account charges, we have already discussed some brokers that offer free-of-cost account opening. And that truly makes them all equally affordable.

But we shouldn’t be too quick in forming opinions. To decide whether a broker is offering low-price Demat account charges, we ought to also look at the Account Maintenance Charges.

Upstox AMC Charges

Investors that have chosen Upstox as their stockbroker, have the option of paying AMC yearly, quarterly or monthly. Now that is beneficial to investors who aren’t so sure of stock market investment but want to try out for a while.

 

Therefore, investors can pay a monthly AMC of just ₹ 25/- only or can pay it annually when the total amount will reach to ₹ 300/-.

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Bajaj Finserv Annual Maintenance Charges

Bajaj Finserv provides its customers with two options. Either they can choose a subscription plan/brokerage plan paying an upfront fee or they can opt for a standard non-subscription model.

 

Mind you, these plans, namely Freedom Plan, Beginners Plan and Professional plan will get activated only after paying their respective subscription charges. But one thing is clear that for all subscription plans, no AMC is imposed.

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Samco AMC Charges

SAMCO charges a flat rate AMC to individual retail investors, which is half of what it’s charging the Non-Individual Customers. But there are no other hidden charges in SAMCO’s case apart from these mentioned in the table.

 

The only thing that might bother investors, after paying such an AMC is that the customer service in the SAMCO case is not up to mark. 

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Paytm Money AMC Charges

On the face of it, Paytm Money is not going to charge any account maintenance fee, just like how it does not charge any account opening fee. But there’s a twist in the tale.

 

Paytm Money does charge its trading customers an annual fee of ₹ 300/-. These charges are known as Account Platform Charges. Paytm Money has imposed these charges on customers for using its trading apps and platforms.

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Edelweiss Demat AMC Charges

If you have an Edelweiss Demat account then AMC is based on the brokerage plan a user chooses. Although regardless of the brokerage plan, Edelweiss does not charge nay AMC for the first year.

 

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Conclusion

When actually choosing an Edelweiss brokerage plan, you shouldn’t only be looking at lower AMC, but also at the additional features offered in that plan.

True, that one can’t open a CDSL Demat account even though it may seem that CDSL Demat account charges would have been more cost-friendly. But those are the rules and functionalities defined by authorities.

Hence, it makes more sense, to focus on finding out the best Demat account in India and then subscribing to that Depository participant and broker. And in this search, A Digital Blogger will help you through the numerous articles available on the website.

Choose the stockbroker and start trading right away.

Confused in choosing the stockbroker, get in touch with us and we will assist you in selecting a stockbroker and in opening a demat account online for FREE!