Sharekhan Demat Account Charges, Review, Opening

Sharekhan Demat Account Opening Charges

To open a new Demat account with Sharekhan, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Sharekhan Demat Charges

Sharekhan trading and demat account opening fees are Rs 0 (Free). Sharekhan charges Rs 400 (Free for 1st year) per year demat account AMC. Sharekhan demat debit transaction fee of

1. Scheme A & B: Sales through Sharekhan: Rs 0 Else 0.03% of value of tran(min Rs 30),
2. Scheme C & D: Sales through Sharekhan Rs 6 Per tran Else 0.03% of value of tran(min Rs 30),
3. Scheme E & H: Sales through Sharekhan 0.03% of value of tran (E:min Rs
4. 29,H:min Rs 30) Else 0.03% of value of tran(min Rs 49),
5. Scheme F: 0.03% of value of tran(min Rs 30),
6. Scheme G: 0.03% of value of tran(min Rs 49)

1. 1. What is Sharekhan demat account?

   Sharekhan offers a 2-in-1 account combining a trading account and a demat account. The Sharekhan demat account allows customers to hold securities (shares, mutual funds) in electronic format for secure and easy online transactions.

   Sharekhan is a depository participant (DP) with both depositories CDSL and NSDL. The membership allows it to offer a demat account opening and its servicing.

   Key Features of Sharekhan Demat Account are:

   • Online access to your demat account.
   • Automatic credit/debit of securities.
   • Automatic deposit of dividends, bonus etc., in the linked bank account.
   • Facility to link 5 demat accounts to the trading account.
   • Hold stocks, mutual funds, IPO shares and bonds etc.
   • Alerts on every debit/credit transaction

   Discuss this question

    

2. 2. How to open demat account with Sharekhan?

   You could open a Sharekhan account in 2 ways:

   1. Request a Call Back

      Click here to fill a callback request form. You will receive a call from Sharekhan in few minutes. The customer representative will answer all your questions and help you with account opening.

   2. Visit Local Branch Office

      Sharekhan has local branch offices and franchises in many cities across India. To open account in-person, follow the below step:

      • Go to https://stockbroker-branch.sharekhan.com/
      • Enter state, city and locality
      • Click on the Sharekhan icon nearest to your location and get details on branch office/sub-broker
      • Call them and express interest to open an account
      • A representative will visit you in-person to complete the process.

   Discuss this question

    

3. 3. Is Sharekhan a depository participant?

   Yes, Sharekhan is an authorized depository participant (DP). Sharekhan offers a 2-in-1 account which includes demat and a trading account. The demat account allows you to hold securities (Shares, Mutual Funds, ETF, Bonds etc.) in electronic format for secure online transactions.

   Sharekhan is a member of both NSDL and CDSL depositories. Sharekhan offers a demat account and its related services through its membership with NSDL and CDSL.

   The Sharekhan DP IDs are:

   • NSDL DP ID: IN300513
   • CDSL ID: 12036000

   Discuss this question

    

4. 4. How is Sharekhan Demat Account?

   Sharekhan demat account is good. It is among the leading full-service stock brokers in India for over 20 years. It has a nation-wide presence through a network of branches and franchise offices. It offers personalized services through RM, research and recommendations.

   Sharekhan is an authorized stock broker offering a range of investment and trading services to the investor. Sharekhan is also a depository participant (DP) with NSDL and CDSL, the two national depositaries.

   Sharekhan offers a 2-in-1 account which includes a trading and a demat account opened and linked together for seamless transactions. This account allows you to trade at BSE, NSE and MCX exchanges in Equity, Commodity and Currency. It also allows you to invest in Mutual Funds, Bonds and ETFs etc.

   Sharekhan offers demat and trading account services online as well as offline. You could manage your accounts online through the Sharekhan website or its mobile trading app.

   Discuss this question

    

5. 5. What is Sharekhan DP?

   Sharekhan is a depository participant (DP) with both depositories NSDL and CDSL. The customer chooses the depository at the time of account opening. While both are pretty same, the NSDL changes are higher than CDSL.

   Sharekhan DP Ids

   • NSDL DP ID: IN300513
   • CDSL ID: 12036000

   Discuss this question

    

6. 6. How to use Sharekhan demat account?

   Sharekhan is a leading full-service stock broker offering investment in Stock Markets and Mutual Funds. Sharekhan offers its services online as well as offline through branch offices.

   Once you've opened a Sharekhan demat account, you can use it to invest, trade and hold all the shares, mutual funds, IPO shares and bonds etc.

   • Trading: Your Sharekhan account can be used to trade at BSE, NSE and MCX. You could trade online using the Sharekhan website or mobile app. You could also visit the Sharekhan branch or call them to place orders.
   • Mutual Funds: You could buy regular or direct mutual funds using your Sharekhan account.
   • IPOs: You could also use the Sharekhan account to apply for an IPO.

   Note that you are required to link your Sharekhan demat account with a bank account. All the gains from the securities held in the account like bonuses, dividends etc., will be automatically credited to your bank account.

   Sharekhan will send SMS/email for every credit/debit transaction in your demat account.

   Discuss this question

    

7. 7. Sharekhan is NSDL or CDSL?

   Sharekhan is a depository participant (DP) of both NSDL and CDSL depositories. This dual membership allows Sharekhan customers to choose from any one of them while opening the account.

   Sharekhan DP Ids

   • NSDL DP ID: IN300513
   • CDSL ID: 12036000

   For the customer, an account with NSDL or CDSL doesn't make much difference. NSDL and CDSL are the only two governments authorized depositories in India. NSDL is promoted by NSE, IDBI and UTI. CDSL is promoted by BSE, Standard Chartered Bank, HDFC Bank and Canara Bank.

   Discuss this question

    

8. 8. How to find a BO ID in Sharekhan?

   BOID or Beneficiary Owner ID is a unique identification number assigned to each Sharekhan Demat account holder. It is a 16-digit number containing DP ID in the first part and the customer's identification number in the second part.

   The BOID is given to the customer with the Sharekhan welcome package when opening a new account.

   After successful account opening, information about DP ID and BOID can also be accessed on the trading platforms.

   Discuss this question

    

9. 9. Is Sharekhan Demat account free?

   Sharekhan offers free account opening to its clients, i.e. no account opening fees are charged for opening demat and trading accounts with Sharekhan.

   Sharekhan also does not charge account maintenance fees for clients in the first year of trading.

   Discuss this question

    

10. 10. Can I open Sharekhan demat account online?

    Yes, Sharekhan is a full-service stockbroker offering online demat account opening services. Customers can apply to open new accounts directly on the website.

    Discuss this question

     

11. 11. How to open online demat account in Sharekhan?

    Sharekhan Demat account is an account that allows investors to hold their securities such as stocks, mutual funds, bonds, commodities, derivatives, etc. in dematerialized form. The Demat account offers features such as Sharekhan Research, vetted and trusted technology, relationship manager support, a wide range of investment services, simplified pricing and much more.

    1. To open an online demat account with Sharekhan, please follow the steps below:
    2. Go to the Sharekhan website - https://www.sharekhan.com/.
    3. Click on the "Open Account" button at the top right of the main page.
    4. After clicking on it, a pop-up window will appear asking you whether you want to open your account 100% digitally or by visiting you at home or at work.
    5. If you choose the "visit" option, you will be called back by a Sharekhan representative who will help you open your account.
    6. In case of digital account opening, click on "Start Now". You will then be redirected to the "Open a free* demat and trading account in 15 minutes" page.
    7. Enter your basic details such as name, mobile number, email ID and city and click on the "Start" button.
    8. Upload some documents required for opening a demat and trading account for verification.
    9. Your demat and trading account will be opened and activated after verification.
    10. You will receive a welcome package to set up the account and you can start trading via Sharekhan's online trading platforms such as the mobile app and the desktop app.

    Discuss this question

     

12. 12. How to cancel Sharekhan demat account?

    Closing Sharekhan Demat account is not possible online. Applicants must submit an offline application to the Sharekhan office.

    So Sharekhan Demat account cannot be closed through online platforms, email or phone. The customer has to download the application form.

    Fill in all the required details such as DP ID, security segments, name of the holder(s), reasons for closing the account, etc.

    In addition, the applicant must submit a separate request for product deactivation.

    Discuss this question

     

13. 13. How to open Sharekhan demat account?

    Sharekhan Demat account allows you to manage all your financial securities from one place. The account can be opened online or offline, depending on the suitability of the applicant.

    The primary process of Sharekhan account opening begins on the online website.

    Go to the "Open an account" section on the website.

    There you will find two alternatives -

    • Opening an account digitally
    • Opening an account by visiting at home or at work

    Both procedures are secure, reliable and streamlined. The procedure is designed to be as convenient as possible for customers.

    Discuss this question

     

14. 14. How to login to Sharekhan demat account?

    To access and log in to the Sharekhan account, you can either use the web browser or download the Sharekhan mobile app.

    Whether you use the web browser or the mobile app, log in using your login ID, your membership password and your trading password.

    Enter the required digits and log in to your account.

    Discuss this question

     

15. 15. What is the demat account number in Sharekhan?

    A demat account is an online account that provides the service of holding securities in demat form.

    Each Sharekhan client is assigned a unique account number that provides access to their demat account. The demat account number is a 16-digit identification number unique to each account holder.

    The first 8 digits of the Demat account number belong to DP ID and the last 8 digits are the customer's account number.

    Sharekhan is a participant in both CSDs, i.e. NSDL and CDSL. Therefore, customers can get their demat accounts at either of the mentioned.

    Discuss this question