COMPARE DEMAT ACCOUNT CHARGES
This post is all about comparing different charges one incurrs while opening/operating a Demat Account with various depositories : SBI, ICICI, HDFC, CITIBANK, SHAREKHAN, etc.
DEMAT Account Charges :
Comparison of Account Opening Charges, Account Maintenance Charges, Charges for BUY and SELL trades.
These are the charges which matter most to most of us.| Depository | Account Opening Charges | Account Maintenance Charges | BUY Charges | SELL Charges |
| SBI Demat Account Charges | NIL | Rs. 400/- per year (Rs.350/- if you choose email statement) | NIL | NIL for trade on' SBICAP Securities, else 0.03% (Min. Rs.30/-) |
| HDFC Demat Account Charges | NIL | Rs. 500/- per year | NIL | 0.04% Min. Rs. 20/- |
| CITI Bank Demat Account Charges | NIL | Rs. 250/- per year | NIL | 0.06% Min. Rs.18/- |
| Sharekhan Demat Account Charges | NIL | Rs. 75/- per quarter | 0.02% Min. Rs. 15/- | 0.04% Min. Rs. 15/- |
| ICICI Demat Account Charges | NIL | Rs. 500/- per year (Rs. 450 if you choose email statement) | NIL | NIL for trade on ICICIDirect.com, else 0.04%* |
Comparison of Dematerialisation and Rematerialisation charges
(only relevant if you want or have shares in old paper format style)| Depository | Dematerialisation Charges | Rematerialisation Charges |
| SBI Demat Account Charges | Rs. 35/- for each request form, +Rs.2/- for each certificate | Rs. 25/- for each request form |
| HDFC Demat Account Charges | Rs. 35/- per request form+ Rs. 3/- per certificate | Rs. 10/- per certificate |
| CITIBank Demat Account Charges | Rs. 50/- per request form | Rs. 50/- per request form |
| Sharekhan Demat Account Charges | Rs. 15/- per request OR Rs. 3/- per certificate, whichever higher | Rs. 25/- or 0.12% of value, whichever higher |
| ICICI Demat Account Charges | Rs.35/- per request form + Rs. 2/- per certificate | Rs. 20/- per request form. |
Comparison of Additional Statement Charges and Account Closing Charges
| Depository | Additional Statements Charges | Account Closing Charges |
| SBI Demat Account | By courier: Rs. 30/-, By email: NIL | NIL |
| HDFC Demat Account | Rs. 25/- (inland) Rs. 500/- foreign | ? |
| CITIBank Demat Account | ? | ? |
| Sharekhan Demat Account | Rs.10/- upto 10 pages. For every extra page, Rs.3/- | Rs. 100/- |
| ICICI Demat Account | Rs. 20/- | NIL |
15 comments:
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Very nice work. Thanks a lot
Thanks, now I had an idea about all the demat accounts provided by banks. Thats also better to show the other demats like indiabulls and emkay like that.
Hi
I am a little confused. You say here for HDFC Securities "BUY" is NIL(under charges sections) but I see in another area you have put 0.50% for 'BUY'.
Can you clarify me on this
Thanks
Abishek
That a wrong chart..Icici charges .96% on buying & selling of equities.
Others also must be charging, they are not there for ur service they are there to earn money...so all these DP charge from .5 to 1% on each transaction.
I want to know all hidden charges taken by icici /demat a/c. before opening demat account in icici
suman
I got confused after reading thesecomments, i dont know whom
to believe & whom not to believe.
Plz anybody tell me right one...?
Dear Friends,
This is for u all people out there who feel confused about the charges. We should better learn some facts in order to help ourselves.
Firstly, nothing comes free in this world and they are broking institutions, so they will charge in any condition.
Secondaly, charges are subject to change so it never remains the same. For example, i spoke with Reliance money about opening a demat account and i was told that the account opening charge was 1000 Rs. Then i got in touch with Sharekhan and the charges were 750 Rs. Same applied to Bonanza and other broking firms. So it is better to visit any government bank like SBI or Union Bank in order to open a demat account. However, if u also need an online account then the best firm is MOTILAL OSWAL or SMC for the same. They charge a bit more than other firms but then they also provide quality services to the clients.
Lastly, a piece of advice for u all friends. Do what ur heart and mind says. If u keep on listening to others, it will just make the matters worse. Regards, Zafar Iqbal
Bonanza Portfolio is giving an exciting offer- AMC and DP charges are free for lifetime. Account opening charges are Rs 800.please contact Husain 9742345062 (bangalore)
Angel group has emerged as one of the top stock broking houses in India, having memberships on BSE, NSE and the two leading commodity exchanges in the country i.e. NCDEX and MCX. Angel Broking Ltd is also registered as a depository participant with CDSL. It is the only 100% retail stock broking house offering a gamut of retail centric services like Research, Investment Advisory, and Wealth Management Services, E-Broking & Commodities to individual investor.
cont-9941969729 shiva(chennai)
hi...
I dont have account in ICICI Bank. But i need to open Demat Account. Is it Possible... There is no charges for opening an account.? I heard 5000 shld maintain
Very useful information . Please add other agencies also.
Ramesh Karmarkar, Pune.
Hi frenz,
As a Franchise holder I am ready to provide you free online demat n trading A/c with less brokerage compared to others. Have u guts to do trading in F & O's, Call me on 9985844466
Angel group has emerged as one of the top stock broking houses in India, having memberships on BSE, NSE and the two leading commodity exchanges in the country i.e. NCDEX and MCX. Angel Broking Ltd is also registered as a depository participant with CDSL. It is the only 100% retail stock broking house offering a gamut of retail centric services like Research, Investment Advisory, and Wealth Management Services, E-Broking & Commodities to individual investor.
CONTECT:- RIPAL SHROFF (as R.E)9327371041 (SURAT)
Dear Sir,
I am a little confused. You say here for HDFC Securities "BUY" is NIL(under charges sections) but I see in another area you have put 0.50% for 'BUY'
Sir, pls. give me reply.
Thanks
Naresh Kumar
ICICI is cheat....they have started chargin 1.5% on BUY and sometimes 0.77% for retail investor. I am moving to another banker
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