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Sharekhan Demat Account Charges
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Opening a demat account with Sharekhan is no more a hassle, you can simply register online to avail its services. But what are the Sharekhan demat account charges?
Does demat account have charges? If yes, what are those, and why they are charged?
In this article, we will be discussing the different fees associated with the demat account.
Usually, a newbie setting his first foot in the stock market believes that opening a demat account with Sharekhan is quite simple and effortless.
Well, that’s pretty true!
However, before opening Sharekhan demat account, you must be aware of the essential documents required to open Sharekhan demat account and then make sure you know the Sharekhan account opening charges.
Now, if you are thinking that why demat is necessary, then 2do remember what the Depository act of 1996 says?
It says- No trading and investing without a demat account under CDSL and NSDL is possible! So, yeah! Demat is a must!
Opening a demat requires paying a fee? A fee is levied to avail of Sharekhan de-mat services. And as it is said that no free lunches are offered in the world, so we have to accept this fact!
Now, let’s see below how much fee is charged by Sharekhan to open a demat account:
- Opening a paperless demat account with Sharekhan is completely free of cost.
To have a broader and quicker representation of Sharekhan demat account charges, have a sneak peek at the below table:
| Sharekhan Demat Account Charges | |
| Demat Account Opening Charges | NIL |
Thus, no need to make an initial payment while opening a demat account with one of the top full service stockbrokers in India.
Albeit Sharekhan NRI Trading account costs around Rs. 2000 while opening an online demat account.
If you wish to open a FREE demat account with Sharekhan, quickly give us your important details such as name and valid mobile number in the given spaces below:
Within a few minutes, your Sharekhan free demat account will be opened and you will be welcomed by the firm with login credentials.
In case, you are below 18 years of age, then also you can open Sharekhan minor demat account.
Once you open a demat account with the broker, you can avail a diverse range of investment and trading solutions including futures, commodities, options, equities, currency trading, mutual funds, portfolio management services (PMS), online investor education, and research.
Some of the additional charges associated with the Sharekhan demat account are:
| Dematerialization Charges | Rs.5 per certificate (Min. Rs.50 per request) |
| In BSDA Account | Min. Rs.100 per request |
| Pledge Creation Charges | 0.03% of the value of the transaction (Min Rs.100) (Per transaction) |
| Freeze or De-freeze Account Charges | Rs.25 (Per request) |
| Rematerialization Charges | Rs. 50 per certificate or Rs. 50 for every hundred securities (Per request whichever higher) |
Please Note: These charges vary from plan to plan as there are seven different plans included in Sharekhan, inclusive of the BSDA plan. The account opening charge is NIL for all, however, AMC and Sharekhan transaction charges vary vividly.
Complete information can be availed by clicking the link.
Do you know that when opening a DP account with either CDSL or NSDL, you will be required to pay the DP charges every time you buy or sell shares, stocks, or other securities?
Not sure? Let’s get its information too!
Sharekhan is among the brokers who levies affordable and low-cost annual maintenance charges to its customers and the value is as below:
- Sharekhan Demat Account Annual charges: Free for the first year and Rs. 400 from the second year (per annum)
Sharekhan demat account AMC charges are imposed per year and are charged in advance, before the beginning of a new year.
By looking at the underneath table, a clear picture of the Sharekhan AMC charges will be seen:
| Sharekhan Demat Account Annual charges | Sharekhan Demat Account Annual charges |
| AMC Charges in Sharekhan | Rs. 400 on an annual basis in advance |
Before proceeding with the sharekhan demat account closing, make sure all the holdings and securities have been rematerialized and any unpaid fees or charge is cleared!
The Sharekhan demat account closure charges are NIL.
However, you will be required to mandatorily courier the Sharekhan account closure form to the registered office of the firm: Lodha I Think Techno Campus, 10th Floor, Beta Bldg, Off JVLR, Kanjur Marg, Mumbai – 400 042
Make sure once you download the form, all the necessary details are filled in correctly. When the courier is received by the broking firm, the demat account will be closed within a few hours.
Now, let us wrap all the things up!
Wrapping Up
Sharekhan Demat account charges thus include the opening, annual charges, and DP charges. Although it is a full-service stockbroker still you can get into a trade without paying any fees to the broker.
Still, wondering how to get started?
Open the demat now for free by referring to the form below:
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