Manage your stock investments seamlessly
Demat or Dematerialised Account is used to hold shares and securities in electronic format. Opening a Demat account helps in holding shares that have been purchased or dematerialised, making share trading simple for users while engaging in online trading.
Features and benefits of Demat account
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Features and benefits of a Demat account
Watch this video to know more about the features and benefits that comes along with the Bajaj Financial Securities Limited Demat account.
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Zero-cost account opening
Open your Demat account for free using the freedom subscription pack of Bajaj Financial Securities Limited (BFSL). The services are free for the first year. Rs. 431 will be chargeable from second year onwards. Click here to check the other subscription packs.
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Lower brokerage
Avail benefits of one of the lowest brokerage rates, starting at Rs. 5 per order*.
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Margin Trade Financing with Demat account
Trade with one of the lowest MTF rates using BFSL Demat account
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Affordable subscription plans
You can choose from three subscription plans while opening your Demat account. This is the Freedom Pack, Professional Pack, and Bajaj Privilege Club.
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Easy access to website and app
You can easily open a Demat account using the BFSL website or mobile app. You can keep a track on your trading activities.
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100% digital account opening
You can easily open your Demat account online with just keeping your PAN card, address proof and bank details handy.
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Trusted and credible platform
Bajaj Financial Securities Limited (BFSL) is a 100% subsidiary of Bajaj Finance Limited, a trusted brand. Bajaj Finance is an established legacy of trust and credibility in Indian financial market.
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Eligibility criteria and documents required
Anyone can open a Demat account with Bajaj Financial Securities Limited if they meet the basic criteria mentioned below. You will need four documents and a photograph handy while opening the account.
Eligibility criteria
- Nationality: Indian
- Age: 18+ years
- Must have an active bank account
Documents required
- PAN card
- Proof of address (Aadhar card, driving license, passport)
- Photograph
- Signature on white paper
- Income proof, for activation of futures and options segment
- Cancelled cheque or last 3 months’ bank statements
How to open a Demat account
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A step-by-step guide to opening a Demat account
Step 1: Click on ‘Open Account’ on this page.
Step 2: Enter your mobile number and email ID and validate them using the OTP.
Step 3: Provide your PAN card, income range, gender, and father’s name.
Step 4: Enter your bank details which will be used for all the transactions.
Step 5: Add your address and upload all the required documents, as mentioned above.
Step 6: Record a live video for In-Person Verification (IPV).
Step 7: E-sign the application through an Aadhar-linked mobile number.
Step 8: After completing all the steps, submit the application for verification.
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Did you know?
You can store shares of companies in digital form with a Demat account
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Did you know?
You can open multiple Demat accounts by providing the valid documents
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Did you know?
You can avail benefits of the BFSL Demat account at lower brokerage rates
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Did you know?
You can choose from three subscription plans offered by BFSL for Demat account
Applicable fees and charges
Here’s an overview of the fees and charges associated with the BFSL Demat account
| Type of charge | Charges applicable |
|---|---|
| Account opening charges | Nil |
| Annual maintenance charges | Nil |
| Off-market transfer – within BFSL* | Rs. 30 or 0.0002% of transaction value, whichever is higher (taxes applicable) |
| Off-market transfer – outside BFSL* | Rs. 30 or 0.0002% of transaction value, whichever is higher (taxes applicable) |
| Pledge/Unpledge/Closure/Invocation charges | Rs. 35 (taxes applicable) |
| Physical CMR/DIS | First CMR/DIS request is free. Post that Rs. 50 + Rs. 100 courier charges (taxes applicable) |
| Dematerialisation request charges | Rs. 50 per request + Rs. 50 per certificate |
| Re-materialisation request charges | Rs. 35 per certificate or per 100 shares and part thereof whichever is higher, and Rs. 25 per re-state of statement of the account redemption |
*Rs. 30 is chargeable each time an ISIN is debited from your Demat account.
Call and trade charges will be applicable at the rate of Rs. 20 + GST per executed order.
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Frequently asked questions
What is a Demat account?
A Demat account or a dematerialised account is used to hold shares and other securities in digital form. It is mandatory to have a Demat and Trading account in India if you wish to trade and invest in the share market.
What are the types of Demat accounts that you can open?
You can register for a Demat account as an individual or a business or in collaboration with another individual. Given below are the different types of Demat accountsthat you can open:
- Single holder Demat account
- HUF Demat account
- Joint holder Demat account
- Corporate Demat account
Are shares held in a Demat account transferable?
Yes, the shares held in a Demat account are transferable to other Demat accounts. The account holder has to request the Depository Participant (DP) for the transfer of shares and then complete the necessary formalities.
What kind of securities can be kept in a Demat account?
You can hold various types of securities, like shares, mutual funds, bonds,and ETFs in a Demat account.
Do you need a Demat account to apply for an IPO in India?
Yes, it is mandatory to have a Demat account to apply for an IPO in India. You need to enter the Demat account number at the time of filling out the IPO application.
Is there an option to open a joint Demat account?
Yes, it is possible to open a joint Demat account. The account holders have to provide the necessary KYC documents (PAN card, address proof and bank proof).
Is Demat account free?
A Demat account with BFSL has zero account opening charges. However, subscription charges and brokerage charges are applicable depending on the subscription plan chosen by the investor. Click here to learn more about the three different subscription plans offered by BFSL.
Do I need a Demat account for SIP?
No. It is not compulsory to have a Demat account for SIP. However, with increasing avenues to invest, a Demat is a one-stop-shop for trading in all securities including mutual funds and SIP. Having all your investment through the same account can save you the effort and hassle of maintaining multiple logins and accounts. With a Demat account, you can also view your entire portfolio with periodic updates.
Can I open a Demat account online?
Yes, the process of opening a Demat account can now be done online. Bajaj Financial Securities Limited offers online account opening services, allowing investors to complete the process from the comfort of their home.
Is Demat tax-free?
No, Demat accounts are subject to various taxes. For instance, when you sell securities held in your Demat account, you will be liable to pay capital gains tax on any profits. Additionally, there may be other taxes such as Securities Transaction Tax (STT) or Goods and Services Tax (GST) that you need to pay when buying or selling securities.
Can I delete my Demat account?
Yes, you can choose to close or deactivate your Demat account if you no longer wish to use it. However, before doing so, you will need to clear any outstanding dues or obligations associated with the account.
Can I transfer my Demat account?
Yes, you can transfer your Demat account from one broker to another if you are not satisfied with the services or fees charged by your existing broker. To do so, you will need to fill out an account transfer form and follow the necessary procedures dictated by the depository participant and broker.
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Disclaimer:
Free Account opening is through the Freedom subscription pack, where the yearly subscription charge in the 1st year is nil and 2nd year onwards it is Rs. 431 (inclusive of GST).
BFSL is only distributor of Bonds & Sovereign Gold Bonds (SGB). These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.
Investments in securities market are subject to market risk, read all the related documents carefully before investing. As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in rights and obligations statement issued by the TM. Visit our website: https://www.bajajfinservsecurities.in/ Disclaimer: https://bit.ly/3LfJavu
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