Thursday, September 19, 2013

Comparision of Demat Charges in India


Compare Demat charges in India
This blog post is about Demat charges paid to different DPs in India.
Comparison table of Demat charges:
In the table, I have not included charges for Dematerialization, Rematerialization, Pledge Services, off-market transfers, included only 3 major charges:

Depository 
participants
Account Opening Charges
Account Maintenance
Charges
Transaction Charges
ICICI BANK
NIL
Rs. 500 /- per year
0.04 % of the transaction value. Minimum Rs. 15/-
SBI
NIL
Rs. 250 /- per year
for individual account Rs. 20/- per trade
Sharekhan
NIL
Rs. 300 /- per year
0.03 % of the value of transaction. Minimum Rs. 30/-
Kotak securities
NIL
Rs. 30 /- per month
0.04 % of the value of security. Minimum Rs. 23/-for sell transactions

 There are many other factors which you should consider while choosing the DP other than charges like their service, track record, your frequency and volume of trading.

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