Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf.
Geojit BNP Paribas is cash equity and derivatives broker with extensive experie...
I placed request on 13-5-2008 to buy 100 shares of a company,say X. Geojit issued contract note dated 13-5-2008. I made the cheque payment on the same date. It was noticed that the holding statement for the date 20-5-2008(almost one week after trading)did not include shares of this company X. Moreover,what surprised me was,a statement was issued to me that 66nos of shares of this company X were sold and the corresponding credit was given to my account.I had not requested for any sale of this (X) company's shares! I am not able to understand how the sale was effected without my request.On checking with the branch,I was informed that only 34 shares(of X)were allotted(from SEBI)instead of 100 nos applied for.It was also informed that it was due to 'bad delivery'. I am still not clear about this. Can there be any convincing clarification? Thanks.
I don't understand why they are charging Rs.300 every month for using Gold platform. It's alright for people who trade every day but what about investors who trade once in a while. Why pay 300 for not using the platform frequently?
what is Digital Contract Note(DCN)? What is NSE BE,NSE GC,NSE FO,NSE EQ,BSE RL,BSE OD? What is DCN eneration Process?
-5. karpakarajan Apr 27, 2008 3:33:08 AM IST | Reply
i have subscribed to geojit commodity online trading. however, the system appears complicated and so far; i have not been able to do a single transaction, eventhough i am paying rs. 500 per month as fees. can any one help me out.
-6. SAI MALLIKA Apr 25, 2008 4:49:05 PM IST | Reply
hi, i am not happy with geojit online services. it takes so much time to open and sometime showing that services are not available. plz tell me that how much brokerage you are putting. i am getting 49p/per hundred for delivery.
here we dont have any customer service. Asking question in telephone is not possible for me.
Do anyone know how will we get charged if we buy stocks for maximum margin, dont pay the rest of the amount for 1 or 2 months and then sell all the stocks after these 1 or 2 months?
Please share this information about all the demat accounts you know.
-8. Arun kumar Mar 14, 2008 12:53:32 AM IST | Reply
I have the same opinion as Mr.I.K.Desai regarding GEOJIT.
I wanted to transfer funds online and they suggested opening an account with FEDERAL BANK. after all the pain stakes i opened one with that bank. one fine day i required some cash, and tried to transfer funds from Geojit to bank account, but could not find such an option. on asking they said it was just one sided transfer!! from bank to geojit only. it took almost 5 days for me to get cash. why the hell are they listing a bank which allows only one way fund transfer and recommending people to go for it???
I have my account with geojit from 1+ year. I have never faced any problem, as far as check is concerned, service is very good, brokerage is attractive. all questions are also answered, never got any problem with them. management is very good, polite and helpful.
It is after 10.30AM. I have tried in Geojit, the order is not routed to exchange immediately on market opening. My friend who has an account in Indiabulls told me that they sent AMOs after 10.30AM. I donot know reason for this. But if you are a long term investor and cannot use online platform during market hours it will be helpful. For others, it is of no use.
If Sharekhan sends the order at market opening, that is good. I have used platforms of Geojit, IDBI as well as IndiaInfo. My assessment about these brokers are:
Geojit customer care is excellent. Their toll-free number is answered. You get reply for your e-mails. Their browser based platform is slow. They offer 0.3 and 0.03% brokerage for direct clients (brokerages are negotiable with many brokerage houses). Demat AMC Payable. Minimum brokerage is Rs. 20/-
IDBI Paisabuilder, their streaming platform is average. Betterthan Geojit. You can call the customer care. So far they do good service. Their e-mail reply is very poor. Scrips available for intraday is very few. Demat AMC Payable.
IndiaInfoline: TTAdvance is good, not better. brokerages very less. Customer care very poor. Toll-free number never works, another customer care number if u call , you have to wait for 7-15 minutes, if u r on STD call, you will lose money here also. No reply to your mails. Some times you may get a replay after weeks saying that they will look into it. No demat AMC. No minimum brokerage
Please post what u know about brokers, let people assess them before opeing a/c with them
-12. FlyingShadow Jan 16, 2008 6:35:52 PM IST | Reply
Hey PG , Thnx for replying....
But i need to ask u one thing. Is it 10.30 p.m or 10.30 a.m
Because if it after 10.30 a.m .. Then no point placing the order because most of the shares would go into lower or upper freeze. Instead of that we can place at 9.55 when market opens.
Well i called up India Infoline..they dont offer AFTER MARKET ORDERS. Well sharekhan routes the order immediately when the order is placed.
ARe u sure it is 10.30 a.m or is it 10.30 p.m(in the night)
After -hours order can be placed in Geojit browser based platform (BSE and NSE). However, these orders will be sent to exchange after 10:30 am, not at market opening.
AMO can be placed in idbipaisabuilder. But their AMO system is not working . When u check your AMO after market is open, your order shows rejected.
Indiainfoline's browser based platform offers AMO facility, I was told but not verified.
Networth offers AMO in browser based platform as per their website.
Indiabulls offers AMOs, it is routed to exchanges at 10:30 am, it works.
-14. shakuntla Devi Dec 30, 2007 5:55:31 PM IST | Reply
online no uts710
We and many others find very difficult to add scripts. please do some thing to solve this problem.In the system of most of the companies the scripts are added by code numbers. Please solve this problem. Thanking you,
I recommended my colleague to open accnt with Geojit as they promised to charge 0.25% brokerage. After he opened the accnt, he bought shares of 2 companies and to his astonishment they have charged brokerage of 1.05%. They are cheaters, beware of them and don't fall in trap. Go for kotak Securities, it is awarded as the best broker for 2007.
For Market savvy person, in terms of brokerage charges, I would say Geojit is the BEST. Their custoemr support services is quite proactive.I've been trading with Geojit for last 4-5 months
-19. I.K.DESAI Nov 07, 2007 10:35:51 PM IST | Reply
I am having very bad experience of the Geojit Management. Actually there is no management at all.
I could not apply online the IPO of Mundra Port. They told me to entered into a separate agreement. I filled and paid Rs.50/- for Form. Eventhough they have made me falied and I missed and opportunity to apply.
Thye forced me to choose the Bank, The Federal Bank. The bank gave me FedNet, internet connection to transfer funds. But see, the bank transfers the money from my account to the account of Geojit at click of mouse. BUT WHEN I WANTED TO WITHDRAW MONEY THE BANK HAS NOT ALLOWED THE MONEY. I could not get the check also intime and ultimately I will get a big loss.