Commodity Trading Account : required if the client intends to trade only in commodity.
F&O Account: Investors/traders who invests only in F&O and commodity can open a trading account for free.
Trading & Demat Account (AMC) : If you want to open an account for 1 year, the amount is Rs.554 for the First year and Rs.288 Annually for the succeeding years (required for Delivery Based Trade). If you want to open an account for 10 years, the amount is Rs. 1438. No charges as a part of AMC will be charged for 10 years.
There are no Fees Charged for Opening a Demat Account, Rs. 554 includes Rs.100 for Opening a Trading Account, Rs.250 for AMC, Rs.100 for Power of attorney (POA) and 18% GST. Rs. 1438 includes Rs. 100 for Opening a Trading Account, Rs.999 for AMC, Rs.100 for Power of attorney (POA) and 18% GST. Clients will be charged Rs. 40.26 (one-time fee) as a part of KYC updation that is levied by CDSL.
Note: In case the client downloads the form from the website, fills it up and gets it sent to us then there is no Account opening charges. It is free of cost!!!
Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investors.
CDSL-DP : Prevent Unauthorized Transactions in your demat account-->Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day. Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Do’s & Don’ts on www.tradedealonline.com before investing.