Some of the additional charges associated with the Sharekhan demat account are:
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)
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?
Sharekhan, being a reputed Depository Participant, is recorded with CDSL and NSDL with DP ID- IN-DP-365-2018. Subsequently, all the demat account-related workings and moves in the broking house are directed and managed by both of these majors’ Depositories.
Further, you must be aware of the fact that with Sharekhan or any broker you can just open one demat account registered with one of the above depositories. Since no two demat accounts with both the depositories under one stockbroker are permitted in the world of finances.
While purchasing and selling stocks, shares, or other underlying assets with Sharekhan trading, one needs to pay DP charges to the Depository of the representative.
Here, in Sharekhan, the demat account DP charges are recorded as underneath:
The table that appeared underneath gives an ideal look at the Sharekhan DP charges:
Sharekhan Demat Account DP Charges
Sharekhan Demat Account DP charges
DP Charges of Sharekhan in CDSL
Rs. 18.88 per scrip (CDSL)
Sharekhan Demat Account Custodian Charges
Without a doubt, custodian charges are imposed by each broker on annual basis depending on the securities held by you by the end of each month.
Typically, the cost varies from broker to broker and from trader to trader. However, on a good note, the amount is generally lower in rate and is paid by the end of a year.
The amount is charged to safeguard and protect your holdings and securities available in the demat account. The amount is compulsory so that your registered broker can protect the available non-physical securities from fraud and theft.
The Custodian charges in Sharekhan are listed as below:
Sharekhan Demat Account Custodian charges: NIL
Sharekhan Demat Account Closure Charges
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!
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: