When it comes to opening a Demat account, it becomes important for you to consider few important charges including the account opening and another additional cost. Here we are providing a complete detail on Motilal Oswal Demat account charges.
So, let’s any further delay, let’s dive into the detail of how much you have to pay to open a Demat account in Motilal Oswal.
To experience the trading services of the broker you have to open a Motilal Oswal demat account. Here you need to pay a certain fee to activate the account.
Earlier the fee for Motilal Oswal account opening was Rs 999, but with the growing demand and to attract more customers to its platform, it comes up with a special offer of FREE account opening.
So, opening a Demat account with Motilal Oswal does not charge any fees and you can start trading instantly.
Motilal Oswal Demat Account Charges
Demat account opening
Free
Although there are no account opening fees, there are some other charges you must be aware of. The list of Demat services and corresponding fees is given in the table below:
Apart from Demat account charges, there are certain other charges levied by the broker too. These charges are listed as follows:
Dematerialization charges- INR 25 per request and INR 5 per certificate.
Other than the account opening charges, there are the fees charged for maintaining the account. This fee is charged yearly to offer extra security to your securities and holding in the demat account.
Since Motilal Oswal is a full-service stockbroker, it imposes the fees of ₹999/- plus GST per year. But here again, the broker comes up with different offers and other benefits.
As the broker provides the Value Pack that reduces the brokerage fees, also availing this pack can give you the benefit of a free Demat account with no annual charges.
Other than this, you can reduce the AMC charges by keeping the required margin in the trading account. Here is the detail of the fees in the table below:
Motilal Oswal AMC Charges
Margin
AMC Charges
<₹10,000
₹999/- per year
₹10,000-₹25,000
₹299 from second year onwards
₹25,000 or more
No AMC
Value Pack of ₹3000 or more
So here if you open the Demat account with less than ₹10000 in your trading account, let’s say ₹8000 then you need to pay ₹999 as the AMC fees while opening an account.
On the other hand, choosing the Motilal Oswal Value Pack of ₹3000 or more can give you access to operate a Demat account without AMC charges. So, if you have a long-term investment plan and you are an active trader, then pick the right plan and reap the benefit of trading at least brokerage and of zero account opening fees.
Conclusion
So, if you want to get into the trade with the proper assistance and research tips, then Motilal Oswal is the one known for offering better services and other trade benefits. Apart from this, the broker offers you the advantage of free account opening that further makes it stood apart from the rest.
Grab complete information on Value Pack and other offers of the broker to give your trade a right kick in the beginning.
Thinking of what other you can gain by opening an account with Motilal Oswal, then here it is. You can trade without paying any fees if you open an account now.
For any assistance in opening a Demat account, fill in the basic details in the form below and get your account opened for FREE along with some other benefits.
