Bajaj Finserv Demat Account
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Are you new to the Indian Stock Market, or would you like a Demat Account to be opened? If yes, then you can opt Bajaj Finserv Demat Account to start trading in different segments.
Before jumping to the details of the Bajaj Finserv Demat account here is the brief information of the broker.
Let’s dive into the document to know more!
In the stock market industry, Bajaj Finserv is a new name, which is a Discount Broker in India.
The firm is controlled and monitored by SEBI, and registered in various depositories, including NSDL, CDSL, and AMFI, and exchanges like NSE, BSE, thus offering the benefit to trade in different segments like:
- Equity
- Derivatives
- IPO
- Mutual Funds
- Corporate Deposits
- Bonds, etc.
Bajaj Finserv Demat Account is introduced to satiate the traders and investors regarding its services and charges.
To know more about this depository participant, let’s delve into the Bajaj Finserv Demat Account topic.
Bajaj Finserv Demat Account Review
Bajaj Finserv is a discount broker that offers a seamless trading experience to its customers.
Already availed a good name and fame in the financial market, it is now heading towards offering the best and useful brokerage services to its potential investors and traders.
Now let’s get started to dig deeper about the Bajaj Finserv Demat Account services.
In simpler terms, the demat account can be understood as holding financial securities like equity, bonds, mutual funds, etc., digitally.
The first primary move is to open the Demat account to start trading on the stock market.
Bajaj Finserv permits the traders or the investors to open the free demat account with zero AMC charges for the first year.
This attracts many traders who are looking ahead to start trading in the Indian Stock Market. The broker opt for the best technology and therefore provides an option for both online and offline account opening process.
Whatever the process you opt for, it is important to provide the right information and documents to validate your identity and other details.
Bajaj Finserv Demat Account Opening
A trader can easily open the Demat Account with the Bajaj Finserv online or offline.
For the online process, make sure you are ready with scanned copies of documents and other related information. Other than this, the offline process demands the self-attested photo copies of the documents required to open a Demat Account.
Here is the list of documents required for Demat Account opening with Bajaj Finserv Securities.
- PAN Card
- Aadhaar Card
- Voter ID Card
- Ration Card
- Driving License
- Bank Statement
- Passport Size Photograph
Here if you are willing to trade in the derivatives segment then you are required to submit the income proof along with other documents. This include:
- ITR i.e. Income Tax Returns
- Salary Slips
Bajaj Finserv Demat Account Opening Online
You can open a Demat Account via the online method at Bajaj Finserv. For that, either you can go to their website and apply through the website, or else you can fill the below-provided form to make the process easier. Both procedures are elucidated below:
Via the website:
- You will get a Demat Opening Form on the website. Open the form and complete it by filling it up.
- Your necessary information, such as your name, phone number, email ID, and PAN number, need to be given. The PAN is indispensable for opening a Demat Account.
- Fill in the bank account information that will be connected to the Demat Account.
By filling the designated fill-ups, you will be allowed to open your demat account with Bajaj Finserv.
Via Provided Form:
If still, you haven’t opened the demat account, you can open it with the form which is provided to you below.
Simply enter the mobile number and fill in the form. Only fill in the form and send it with your name and cell phone number.
You will get a call from the executive of Bajaj Finserv. He’ll lead you to open the company’s Demat account.
Willing to open a demat account fill the details in the form below:
Bajaj Finserv Demat Account Opening Offline
If you want to go with the Bajaj Finserv Demat Offline Account Opening, you will be needed to go to the local office of Bajaj Finserv with the necessary documents.
This procedure will take time as it is a traditional way of opening the demat account and involves the physical presence of the trader.
You will be needed to carry the address and Identity proofs for the offline procedure, whereas in the online p[rocess, you can update the documents digitally.
Hence, once you have opened an account with them, you get access to use Bajaj Finserv App that allows you to trade and invest your hard-earned money.
Bajaj Finserv Demat Account Charges
Every broker charges a certain sum to open an account. When it comes to the demat account opening with Bajaj Finserv, the broker charges no money. Thus, you can reap the benefit of opening an account for FREE!
Note: The account opening fee and AMC charges (for the first year) is Rs. 0, which means you need not pay a single penny.
Bajaj Finserv Demat Account Charges | |
Types Of Charges | Charges |
Demat Account Opening | Rs. 0 |
Annual Maintenance Charges | Rs. 899+taxes |
Off Market Transfer | Transaction value- Rs. 30 or 0.02%+taxes |
Off Market Transfer | Transaction value- Rs. 30 or 0.02%+taxes |
Pledge/ Unpledge/ Closure/ Invocation Charges | Rs. 35+taxes |
Dematerialisation | Rs. 50/request+ Rs. 50/certificate |
Rematerialisation | RS. 35/certificate Rs. 25/re-state of statement |
You can open the Bajaj Finserv Demat Account free of cost, whereas the AMC for the first year is Rs. 0, and from the second year onwards, the AMC will be Rs. 899, including all the taxes.
You can check the Bajaj Finserv Charges and Bajaj Finserv Brokerage before starting the trading with the firm to have knowledge about the charges offered by the company to its customers.
This is the basic plan to open a demat account. Apart from this, you can avail the benefit of Bajaj Finserv trading and opening an account with the broker by opting for any of the subscription plans given below:
Bajaj Finserv Subscription Plans | ||
Freedom Pack | Beginner Pack | Professional Pack |
Yearly Subscription Charge- Free | Yearly Subscription Charge- Rs. 500+GST | Yearly Subscription Charge- Rs. 999+GST |
Demat AMC- First Year: Free; Second Year onwards: Rs. 365+GST | Demat AMC- Rs. 899+GST | Demat AMC- Rs. 899+GST |
Through the above-mentioned subscription plan, you can quickly sign up and open the Demat Account at Bajaj Finserv.
To understand the above table, here is a glimpse of the provided charges by Bajaj Finserv to its customers:
- In the Freedom Pack, A trader has to pay Rs. 365 with the GST for Demat AMC from the second year as for the first year, the trader will be exempted from paying any fees for AMC, whereas the yearly subscription charges will be free.
- In the Beginner Pack, a trader has to pay Rs. 500 with the GST as the yearly subscription charges, whereas for the Demat AMC Rs. 899 with GST is to be paid.
- In the Professional Pack, a trader has to pay Rs. 999 with the GST, whereas for the Demat AMC, Rs. 899 with GST is to be paid.
Bajaj Finserv Demat Account Customer Care Number
Apart from the best services, the broker comes up with better and quick support services that make it a more reliable stockbroker.
In case, you have any queries or doubts related to the account opening or trading then here is the customer support panel that helps you to get your answers. For now, you can raise your complaint or query via phone or by mail at the email id given below.
Contact No: +91 020-48574443
Email Id:connect@bajajfinserv.in
Bajaj Finserv Demat Account Advantages
This section will discuss the Bajaj Finserv Demat Account Advantages. Let’s start exploring the advantages of Bajaj Finserv’s demat account:
- As we know, a demat account eliminates the physical records; Bajaj Finserv allows you to enjoy the service.
- The significant advantage of the demat account is tracking and monitoring.
- It is more comfortable and safe than the paper share as well as it is the user-oriented way of holding the securities.
- The Demat account makes it possible for you to trade from anywhere.
Bajaj Finserv Demat Account Disadvantages
Apart from the advantages, now we will discuss the Bajaj Finserv Demat Account Disadvantages in this section.
- In the case of dematerialized securities, trading in securities could become unregulated.
- It is up to the regulator of the stock market to keep a close eye on dematerialized securities trading and to ensure that trading does not serve as a detriment to investors.
Conclusion
Being a new broker, Bajaj Finserv is providing excellent Demat Account services to its clients. The firm is registered under various stock exchanges, including SEBI.
It provides services in various segments, which are mentioned at the starting of the article. The Bajaj Finserv Demat Account can be open online or offline.
In the online procedure, you can either go to the website and apply from there, or you can open the demat account by filling the form which is provided in the article.
The charges have been mentioned in the document to make you clear about the fees that have been offered by Bajaj Finserv.
The Demat account has various advantages and disadvantages regarding the availability of the shares in the digital format.
To enjoy the trading, connect with Bajaj Finserv!
Want to open a demat account, fill the form below and a callback will be arranged by our executive in no time.
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