- On September 21, 2016
The cost of Opening an Account is as Follows:
- Trading Account : Rs.100
- 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.