Bajaj Finserv Charges
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Since Bajaj Finserv is a new broker in the stock market, queries around the Bajaj Finserv charges are apparent. Thus, weāll 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, letās 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 Non-Subscription Pack | ||||
Charges | Delivery | Intraday | Futures | Options |
Brokerage (per order) | 0.50% | 0.10% | 0.10% | ā¹100/ lot |
Transaction Charges | NSE - 0.00325% BSE - Charges vary as per the scrip group | NSE - 0.00325% BSE - Charges vary as per the scrip group | NSE - 0.0019% BSE - Nil or 0.05% of Traded Value | NSE - 0.0019% BSE - Nil or 0.05% of Traded Value |
Clearing Member Charges | Nil | Nil | NSE & BSE - 0.00025% Physical Delivery - 0.10% | NSE & BSE - 0.00025% Physical Delivery - 0.10% |
GST | 18% on Brokerage, Transaction & CM Charges | 18% on Brokerage, Transaction & CM Charges | 18% on Brokerage, Transaction & CM Charges | 18% on Brokerage, Transaction & CM Charges |
STT | ā¹ 100 per Lacs (0.1%) | ā¹ 25 per Lacs (0.025%) | ā¹ 10 per Lacs (0.01%) on Sell Side only | ā¹ 10 per Lacs (0.01%) on Sell Side only |
SEBI Charges | 0.00005% of turnover | 0.00005% of turnover | 0.00005% of turnover | 0.00005% of turnover |
Stamp Duty | As Applicable | As Applicable | As Applicable | As Applicable |
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 ā¹365 + 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 ā¹17/order for equity intraday and F&O as brokerage.
- Beginner Pack
The subscription charge for this pack is ā¹500 + GST, and the AMC for the Demat account is ā¹899 + GST. The financial instruments included in this pack are equity and derivative.
The brokerage charge for equity delivery is ā¹0.99/order, and for equity intraday and F&O is ā¹9/order.
- Professional Pack
This pack can be subscribed to for ā¹999 + GST, and the Bajaj Finserv Charges for Demat AMC is ā¹899 + 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 ā¹5/order, equity delivery is ā¹0.99/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:
Bajaj Finserv Annual Subscription Packs | |||
Freedom Pack | Beginner Pack | Professional Pack | |
Subscription Rate | Free* | ā¹500 + GST | ā¹999 + GST |
Demat AMC | 1st year - Free 2nd year onwards - ā¹365 + GST | ā¹899 + GST | ā¹899 + GST |
Product Included | Equity Derivative | Equity Derivative | Equity Derivative Margin Trading Financing |
Brokerage Rate | Equity Delivery - 0.10% Equity Intraday & F&O - ā¹17/order | Equity Delivery - ā¹0.99/order Equity Intraday & F&O - ā¹9/order | Equity Delivery - ā¹0.99/order F&O - ā¹5/order MTF Interest Rate - 0.05% per day |
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:
Bajaj Securities Account Opening Charges | |
Brokerage Plan | Subscription Charges |
Standard Plan | Nil |
Freedom Plan | |
Beginners Plan | |
Professional Plan |
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 ā¹17/order for the freedom pack subscribers.
Simultaneously, in the beginner pack, the equity delivery brokerage charges are ā¹0.99/order, and equity intraday and F&O is ā¹9/order.
The professional pack offers three products that have the lowest Bajaj Finserv brokerage charges. They are – equity delivery is ā¹0.99/order, F&O is ā¹5/order, and MTF Interest Rate is 0.05% per day.
Bajaj Finserv Brokerage Charges | ||
Freedom Pack | Beginner Pack | Professional Pack |
Equity Delivery - 0.10% Equity Intraday & F&O - ā¹17/order | Equity Delivery - ā¹0.99/order Equity Intraday & F&O - ā¹9/order | Equity Delivery - ā¹0.99/order F&O - ā¹5/order MTF Interest Rate - 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:
Bajaj Finserv Brokerage Charges | |||
Delivery | Intraday | Futures | Options |
0.50% | 0.10% | 0.10% | ā¹100/ lot |
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 ā¹365 + GST. On the other hand, in the beginner pack and professional pack, you must pay ā¹899 + GST every year.
Contrarily, if you have not subscribed to any of these plans, the AMC levied on you will be ā¹ 899 + applicable taxes.
Bajaj Finserv Annual Maintenance Charges | |||
Non-Subscription Plan | Freedom Pack | Beginner Pack | Professional Pack |
ā¹899 + GST | ā¹365 + GST | ā¹899 + GST | ā¹899 + GST |
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 ā¹ [] as DP charge.
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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