Fees and charges of Demat And Trading Account

Brokerage is the fee charged by the stockbroker when you buy or sell shares in the share market through their platform. Broadly, this fee can either be per cent based, proportional to your trading transaction value (charged by full-service brokers) or a flat fee per order irrespective of the transaction value (charged by discount brokers).

Dematerialization is the process of converting physical securities certificates into electronic forms. The opposite of it is re-materialization. You can get your shares dematerialized or re-materialized by following the depository guidelines. However, there is a fee associated with dematerialization/ re-materialization that you need to pay to the stockbroker.

When shares are transferred from one Demat account to the other without involving the stock exchange, it is called off-market transfer. Such transfers are done for several reasons, like transferring shares from demat account held with one stockbroker to the other, transferring ownership of shares between individuals, gifting shares to family members etc. Off-market share transfer involves debit and credit of shares between demat accounts, which attract charges. Therefore, it varies across the depository participant/ stockbrokers.

3-in-1 accounts are offered by banks with stock broking subsidiaries or collaborations. Bajaj Financial Securities Limited does not offer 3-in1 accounts. To open Demat & Trading Account with us, you just need a PAN Card, Proof of Address (Aadhar Card, Passport, Voter ID, etc.) signature on white paper and a recent photograph.

To reduce overall brokerage charges, we recommend you become a Bajaj Privilege Club member which charges you Rs. 5 Flat per order for intraday, f&o, and delivery trading.
To avoid DP charges, you can opt for Futures and Options, Intraday and, BTST (Buy Today Sell Tomorrow) Trading. DP charges are not applicable on the mentioned forms of trading.

The role of a Demat account is to hold shares digitally, thus, there is no minimum balance requirement for a Demat A/c.

Yes, you can have a zero-balance Demat account. You do not need to maintain any minimum balance in your Demat account, it is only used to hold shares you have purchased. In fact, with Bajaj Financial Securities Limited you can open a Free Demat and Trading A/c through Freedom subscription pack.

Demat Account holds shares in digital form. Today, trading in share market happens online and it is important to have demat account to trade in this ecosystem. The shares stored in demat account are traded using the trading account. The order is placed in stock market trough the trading account and once the order is matched and settled, the shares are electronically transferred from the demat account of seller to buyer in T+2 days.

Trading in Futures and Options or Intraday can be executed without a demat account as there is no exchange of shares.

It is preferable to dematerialize physical certificates for below reasons:

1. Physical certificates are prone to tampering, loss or theft whereas digital share certificate is safe in demat account
2. It is easier to transfer shares when it is in digital form
3. It can be accessed anytime, from anywhere through demat account.
4. A dematerialized share in demat account shows real-time update of its current valuation which is not possible when it is lying offline
    

You can buy/ sell shares through the Demat and Trading Account provided by the DP. It will be available as an app or website. Your login credentials are provided by your broker once you have created your Demat and Trading A/c with them. The process of buying and selling is very simple on BFSLTRADE app, which is the Demat & Trading application offered by Bajaj Financial Securities Limited.