Sharekhan is 3rd largest stock broker in India offering brokerage services to retail and institutional customers. Sharekhan has wide network of branches, sub brokers and franchisee across the nation. Despite relatively higher brokerage charges, Sharekhan is the most popular broker among retail investor because of its personalized customer service through local offices, investors education programs and high quality trading platform.
Sharekhan offers 2-in-1 account (trading + demat account). The demat account is not mandatory with Sharekhan for investors who trade in only in derivatives segment (F&O).
Sharekhan has attractive prepaid trading plans for high volume customer which reduces brokerage fee significantly as you trade more.
You need a trading account with Sharekhan to trade in equity, commodity or currency. If you are planning to invest in equity (hold the shares you are buying for few days or month), then you also have open a Sharekhan Demat account.
Account opening with Sharekhan is the easiest in the industry. They have local offices (branch, sub-brokers and franchisee) in the neighborhood of most of the prospectus customers in India.
To open an account in Sharekhan, an stock market investor or trader can follow below 2 easy ways:
Visit Sharekhan website and click on 'Open an Account' button. On the right side of the page, provide your contact information. Sharekhan sales advisor would contact you within few hours and arrange a personal visit of local sales representative to your home or office. You could also ask for a detailed demo of Sharekhan offerings and trading platform.
Find the local branch or office of a sharekhan sub-broker and give them a phone call. They will arrange a personal visit to open an account for you. They will also provide a detail demo of the products they offer.
Sharekhan has a special offer for Chittorgarh.com visitors using which you can open an Online Trading + Demat Account for FREE (zero account opening charges).
Sharekhan also adjust the AMC charges with against brokerage which reduces the cost further.
To check the account opening status, please call your sales representative who helped you with filling the form or visit local Sharekhan branch.
Sharekhan demat account opening form pdfs are not available online. Please contact the sales advisor of Sharekhan or visit local branch to get the account opening forms.
Sharekhan customers pays an annual maintenance fee of Rs 400 + taxes each year. If you are no more need the account or moved to another broker, it is recommended to avoid these charges by closing the Sharekhan account.
To close account with Sharekhan, customer has to visit nearby Sharekhan branch, clear all dues, return back all unused offline demat transaction slips and fill the account closure form. Make sure to keep a copy of your account closure request as 100's of customer every year complaint that they have submitted the request but continue getting charged AMC as account years after.
It takes 7 working days for Sharekhan to process the account closure request. Customer receive a confirmation letter within 15 days.
It's very important for customer to get a confirmation of the account closure to avoid surprises later. If you do not receive any information in 15 days, contact the local branch where you submitted the closure request.
Sharekhan offer 4 types of accounts to suite customers need:
No, it's against the law to have multiple account with same name with the same broker.
Yes, customer can have as many demat account as they want with a broker.
Customer pays account opening fee for trading account opening with Sharekhan. The account opening fees are as below:
Information about Sharekhan account opening, Sharekhan open account, Sharekhan opening charges, Sharekhan account opening charges, Sharekhan account opening status, Sharekhan amc charges, Sharekhan account charges and Sharekhan account closure.
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Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade
Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
Flat Rs 20 Per Trade
Free Equity Delivery Trades
Rs 100 off on account opening* + 100% brokerage refund if in 60 days you have made net profits
(* on online account opening)