Demat Account Charges and Fees | Share India

Why Demat Account?

A Demat account holds stocks, bonds, and other financial instruments in an electronic format. With a Demat account, you can access all the ways you can invest. You can also put your money into IPOs, futures trading, and options trading. If you have a Demat account with Share India, trading will be easy. By joining Share India, you'll have full access to the best research and analysis on different securities. You also get a lot of informational articles and E-learning videos about the stock market.

Demat Account Charges

Account Opening Chargeszero
Account Maintenance ChargesZero for first 365 days after that ₹ 300/ p.a
Dematerialisation Charges₹ 50/- per DRF plus ₹5/- per certificates
Rematerlisation Charges₹ 25/- per certificate plus courier charges.
Transaction Charges (Per Charges)
  • Receipt/ Purchase
  • Delivery/ Sale
NIL ₹15/-
Pledge Charges (Per Transaction)
Creation (Invocation/Closure)
Margin Pledge Per Transaction / Release of Margin Pledge (Each Leg)₹15/-
Instruction Booklet (1st Book Free)₹20/- + ₹40/- courier charges (5 leafs)

In addition to these charges, the following out of pocket expense shall be charged.

  • Failed Instruction Intimation: ₹20/- per intimation per instruction.
  • Additional Statement of Holding/Transaction: ₹ 200/- (upto 10 pages) and ₹15/- per page above 10 pages.
  • Incase of Demat rejection, postage charges shall be charged @ ₹ 50/- for dispatch of share certificate to the clients.
  • Any Modification in client master will be charged @ ₹100/- for offline per request.
  • Any other services not specified above shall be charged extra.
  • Taxes & government fee/charges shall be levied extra, as applicable from time to time.
  • Charges for DP services in respect of clients having trading accounts with Share India will be debited to their trading account.
  • Late payment charges @ 24% p.a. shall be levied.
  • Share India may suspend/freeze the depository services of the account holder in case of non-payment of the outstanding bill till the time of actual clearance of debit balance.
  • Above charges are subject to revision as per Share India’s sole discretion after providing 30 days prior notice.
  • ***GST at applicable rates shall additionally be levied on all these charges.

Frequently Asked Questions about Demat Account Charges

A Demat account can have opening charges associated with it. Apart from that, there are annual maintenance fees that is charged on an annual basis and is a fixed amount. There are no hidden charges associated with the Demat account at Share India and one must not worry about any additional charges apart from dematerialization charges, rematerialization charges, Pledge Charges, Instruction Booklet, and other trading charges.

You’d have to pay annual maintenance charges (AMC) to continue using your Demat account. You will be contacted on a regular basis via call, message, and email to pay your AMC. Neglecting payment or failure to do so for any reason could lead to your account being declared dormant. Bear in mind that a dormant account means that it is inactive and transactions can’t be carried out through the help of the account. This will lead to you not being able to sell your holding and add any securities to them by purchasing stocks. To get access to your holdings you will have to clear all dues which will be your pending AMC and the interest accumulated over time as well.

Your annual maintenance charge is a recurring charge which you have to pay. It is difficult to get rid of it unless you open a Basic Services Demat Account which eradicates AMC altogether reducing your charges. The catch is having a Basic Service Demat account is that the value of your holdings must be under Rs. 2,00,000/-. The other method of reducing your Demat charges is to reduce your brokerage charges. Although reducing brokerage charges will not reduce the charges associated with your Demat account, it will lead to you bleeding less amount of money on a regular basis.

Your AMC or account maintenance charges are an annual recurring charge you pay to maintain your Demat account. This has nothing to do with you holding any shares in it. Share India charges AMC so you can operate your account. Hence you’d have to pay yearly maintenance charges irrespective of if you hold shares in it or not to your broker. Share India has zero AMC for the 1st 365 days of opening your demat account so you can make use of all the features and benefit from trading with Share India.

A Demat account is useful to reduce extra charges like postage and stamp charges. Along with this, they provide a secure way to store multiple types of securities in the dematerialized format. The Demat account has revolutionized trading altogether and it is necessary for trading in the stock market. Without a Demat account, the trading account is useless as all trading happens on the internet. The inception and adoption of the Demat account have led to the reduction of the settlement period which has been extremely beneficial for traders. The Securities and Exchange Board of India (SEBI) has made it compulsory for traders to have a Demat account to trade in securities. Hence it is extremely beneficial; to have a Demat account and compulsory as well.

By providing your broker with Power of Attorney or PoA you enable them to carry out trades on your behalf. The owner of the Demat account must get alerts from their depository participant and depository when a transaction takes place along with regular statements. These alerts and statements must be sent via SMS and Email and as the owner, you must check them regularly. In case you are worried about misuse of your holding, you can revoke your PoA and hold on to your shares.

Although a bank account and Demat are similar they are used for different purposes. A Demat account stores different types of securities in the dematerialized form. It doesn’t store any money hence there is no minimum balance that must be maintained. Share India does not mandate you to have funds or shares stores in your demat account at any time. You can use the account as per your convenience. And store various other securities apart from just shares.

A Rematerilasation is converting financial certificates from digital to physical format. Share India offers a rematerialisation price of ₹ 25/- per certificate plus the courier charges.

The main function of a Demat account is to hold your financial asset. It also helps eliminate the risk of loss or forgery of your share certificate. Online Demat account helps investors to buy and sell shares instantly.

The Demat maintenance charge or AMC for the Demat account is the charge applied for maintaining your Demat account at CDSL or NSDL depository. The charges vary from ₹300/- to ₹500/- per annum. You can get free AMC for 365 days at Share India; after 365 days, you just have to pay ₹300/- per annum

Dematerialisation is converting a physical stock certificate into a digital format. For more details, you can connect with the Share India helpline number 011 – 43011021 or 09999620004.

You can use your Demat account as collateral with a bank or financial institution. But you must understand the terms & conditions before using your financial holding as collateral against any loan.

Yes, As per the SEBI guideline, opening a Demat account for trading in the Indian stock market is mandatory.

Hidden Footer Popup