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...
All my family demat, trading accounts were with them for more than 10 years. However, for last two years their services especialy customercare are very bad. I get irritated with their irrelevent querries & SO CALLED ADVISES. therefore, i have decided to sever the long kept relation with them. GOD SAVE THE CLIENTS OF geojit.
Brokerage - Average Account Maintenance Fees - Below Average Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
Their brokerages are kinning!!no Flexibility!!Remember that these are 3 rd parties who gain money through customer tradings and yet they monopolize.There are very many other platforms and competitive.
Flip Gold had severe SQL errors and i was tired sending them the attachments.They were complaining about my internet connection(512kbps broadband) and i encountered no issues with other platform run at the same time.
I will be closing their account with immediate effect.CHEATERS!!!!!!!!!!!
Geojit has two platform options available for trading. I use the lite platform which is very hassle free and light. It takes very less time to put a order.
Also the customer care site is very transparent when it comes to giving details about daily transaction.
To top all, the brokerage is very competitive. I changed from a very renowed broker to Geojit and I am happy about my switch.
Brokerage - Excellent Account Maintenance Fees - Average Website Usability - Excellent Customer Service - Excellent Overall Experience - Excellent
157. Geojit bnp paribas Dec 1, 2011 8:32:29 AM IST | Reply
Did You Konw - 29 :- Shares sold in pending settlement. Shares sold in pending settlement. Flip provides clients with the facility of selling the shares before T+2; but risk has to be borne by the client if there is a shortage in payout. Geojit Bnpp provides settlement guarantee for around 300 scrips where in the clients can sell shares before T+2, list of scrips are available in gcc and geojit.net sites.
156. Geojit bnp paribas Nov 30, 2011 8:38:49 AM IST | Reply
Did You Konw - 28 :- Portfolio screen of Flip terminals gives a complete view of shares a client hold. It consists of. Shares which are in pending settlement. Shares in pool. Shares in client's Normal DP. Shares in Margin Funding DP. FAO/Currency open positions. MFSS units.
Unique feature of this system is that a client will get the live updated portfolio value at any point of time.
155. Geojit bnp paribas Nov 29, 2011 8:49:46 AM IST | Reply
Did You Konw - 27 :- Passwords for customers. Passwords for customers.
Forgot password link in Customer care/Trading sites can be used by a client who have lost or forgotten his password. In normal circumstances, It takes around 15-20 Minutes to get a new password in the Registered email id of the client. New password is sent in a PDF file with password protected. Password for opening the PDF file is a combination of TIN+1st 4 characters of PAN. If TIN is not known to the client he can give the Forgot Tin link provided in the Customer care/Trading sites. Forgot password can be given only by those clients who have an registered email id.
We have one password concept which can be used across all logins ie; Customer care site/Gold/Lite/Platinum/Flip Me.
154. Geojit bnp paribas Nov 28, 2011 9:16:49 AM IST | Reply
Did You Konw - 26 :- Average Rate in Portfolio of Flip Terminals. Average Rate in Portfolio of Flip Terminals. Average Rate is taken from P/L statement of Geojit Customer Care(GCC)/Geojit.net. FIFO method is followed for arriving at the average rate. If there is a mismatch in the buy/sell quantity, average rate won’t show in gcc/geojit.net. If average rate is not shown then client will have to correct his GCC page by placing relevant entries. Entries to be made for IPO (only for past IPO’S), Right issues, off market shares. Facility to input the correct quantity/price is provided in Customer care site. GCC P/L will automatically update the changes due to Bonus, Stock Split & forth coming IPO’S.
153. Geojit bnp paribas Nov 26, 2011 9:28:16 AM IST | Reply
Did You Konw - 25 :- After Market Orders (Offline orders). After Market Orders (Offline orders). Online clients can place after market orders from all platforms (Platinum, Gold, Lite, Flip Me). Available across all products (Cash, BTST, Intraday, MTF, FAO, currency, MFSS). Timing : 4.15PM to 8.45 AM & for CDS it is 5.15 PM to 8.45 AM. Clients can place “After market orders” for Pre open Phase also. Market orders are given preference while transferring shares to exchange. Details of After Market orders placed can be viewed through “Offline order report” both for clients and branches through Flip terminals.
152. Geojit bnp paribas Nov 25, 2011 9:45:02 AM IST | Reply
Did You Konw - 24 :- Margin Funding (MTF) through Flip. Margin Funding (MTF) through Flip. Client needs to mark the trade as MTF while placing orders . If MTF ledger is funded with additional 50% apart from the mandatory requirement of 50%, then no interest is charged on the MTF holdings. Clients can transfer extra funds from normal ledger to MTF ledger using the link MTF Fund transfer request provided in Customer care site. Buying power = Normal ledger+ MTF ledger. Under Portfolio of flip terminals the shares lying in MTF DP will be shown separately. Customer care site also gives information like Eligible scrips in MTF, ledger statement, holding statement of MTF etc
151. Geojit bnp paribas Nov 25, 2011 9:40:13 AM IST | Reply
Hi Intra Day Trader ,
Wel come to Geojit. 20/- Brokerage means minimum 20/- brokerage for intraday for an online client. For example if you bought some shares of Rs. 30000/- and sold them at 35000/- it means you have done a volume of 65000/- so brokerage will be 19.50/- as intraday day brokerage is 0.03% or Minimum 20/- or 1 paisa per share whichever is higher. so in this case you will be charge 20/-. We provide upto 10 time exosure for intraday, for example you will have to give only 10% if you want to buy 100 reliance for intraday. We have a experianced technical team who gives calls during market hours in your trading terminal. You can trade with us in three diffrenet ways. 1. Flip Platinium Software. 2. Flip Gold platforme 3. Flip-Me Mobile Software or through any branch in the country, or through customer care toll free no. Flip-Me is our mobile based award winning software. Regarding AMOs, it is not true that AMO orders placed after 10.30am, after market get open orders sends to exchange at the same time but it depends when your order come because the procedure is FIFO.
Hope your queries solved.
150. Intra Day Trader Nov 24, 2011 4:47:19 PM IST | Reply
Hi, I have an account with ICICI and Reliance already. ICICI has a very high brokerage which led me to Reliance. Account with reliance is a new account and I have not started using it to its full capacity yet.
I came to know about Geojit recently. First thing that attracted me to it was Rs 20/- brokerage as I am a intraday trader and brokerage kills me.
So can somebody confirm if this is true and also explain the brokerage structure in short. Specially the intra day margin trading brokerage.
Also how well are the technical support, analysis, news tips provided by Geojit?? The real time streaming is it fast??
What about AMOs?? I read somewhere that the AMOs get placed after 10:30 AM is it true???
149. Geojit bnp paribas Nov 23, 2011 9:17:14 AM IST | Reply
Did You Konw - 24 :- Margin Funding (MTF) through Flip. Margin Funding (MTF) through Flip. Client needs to mark the trade as MTF while placing orders . If MTF ledger is funded with additional 50% apart from the mandatory requirement of 50%, then no interest is charged on the MTF holdings. Clients can transfer extra funds from normal ledger to MTF ledger using the link MTF Fund transfer request provided in Customer care site. Buying power = Normal ledger+ MTF ledger. Under Portfolio of flip terminals the shares lying in MTF DP will be shown separately. Customer care site also gives information like Eligible scrips in MTF, ledger statement, holding statement of MTF etc.
148. Geojit bnp paribas Nov 22, 2011 9:28:40 AM IST | Reply
Did You Konw - 23 :- Payin Through NEFT/RTGS Payin Through NEFT/RTGS. All clients of Geojit Bnpp can transfer funds using NEFT/RTGS. Clients can initiate this fund transfer from any bank account which is Regd with us. Clients should do this by visiting his bank portal or can submit the request to the nearest branch. NEFT/RTGS arrangements has been made with Citi Bank or Bnp Paribas. Account number and other details to which the credit has to be given is provided in the Customer care Site. Once the amount is received, automatically the buying power is updated.
147. Geojit bnp paribas Nov 21, 2011 10:10:56 AM IST | Reply
Did You Konw - 21 :- Geojit Customer Care site(GCC). Geojit Customer Care site(GCC). All customers (Online /Offline) of Geojit BNP Paribas can access the customer care site (GCC). It can be directly logged in using Geojit Web site or can be accessed through Flip Terminals. GCC gives details of a clients ledger, holding statement of DP, Mutual Fund Holdings, FAO/CDS positions, MTF transactions, Contract notes(DCN), Profit and Loss statements, IPO Online, Closing Rates, Resistance/Support level of scrips.
146. Geojit bnp paribas Nov 19, 2011 9:11:33 AM IST | Reply
Did You Konw - 20 :- Online Fund transfer Banks available for Payin. Online Fund transfer Banks available for Payin. Axis Bank, HDFC Bank, ICICI Bank, CITI Bank, State Bank of India, Federal Bank, Union Bank of India, IDBI Bank, Punjab National Bank, Bank of India. With in few seconds all online/offline clients buying power can be updated & this is the fastest method by which a client can update the buying power.
145. Geojit bnp paribas Nov 18, 2011 9:46:47 AM IST | Reply
Did You Konw - 18 :- IPO Online. IPO Online. IPO online is available for all Online and Offline clients. All clients can login to customer care and apply for Online IPO. Clients can also place their requests by calling the call centre using their TIN/PIN. Cut off time for Online IPO is at 12 PM on the closing day of IPO.
144. Geojit bnp paribas Nov 17, 2011 8:44:36 AM IST | Reply
Did You Konw - 17 :- Exposure against holding. Exposure against holding. Provided to clients who have signed the New T&C. Provided to Cash & Futures segments. For futures, exposures will be available only for those holdings which are permitted for pledge by exchange. Exposures are NOT Provided to IPO, Mutual Funds, Option (long) & MTF.
Note:-Those clients wish to trade only with their cash balances has the provision to cancel such exposures.
143. Geojit bnp paribas Nov 16, 2011 9:21:51 AM IST | Reply
Did You Konw - 16 :- We can give payout directly to the client’s bank account. We can give payout directly to the client’s bank account. Direct credit :- If Clients bank account is with HDFC Bank, Axis Bank, Federal Bank, CITI Bank, ICICI Bank or State Bank of India. NEFT/RTGS :- If Clients bank account is other than the banks mentioned above; for this the client has to update his IFSC code in our records.
1) Very transparent/reasonable brokerages and charges. 2) Extremely convenient streaming online trading portal. 3) Customer support executives very well equipped with the latest information (My experience with ICICI Direct showed that their customer support team did not have clue on half of the things). 4) Efficient and fast Mobile trading portal. 5) Daily trading ideas and good quality research reports.
141. Geojit bnp paribas Nov 14, 2011 10:00:19 AM IST | Reply
Did You Konw - 15 :- Which type of clients should login to “Lite” Platform? Which type of clients should login to “Lite” Platform? Clients from Rural areas where high speed connections are not available. Financial situation- that is, expensive high-speed connection. Some older technologies load pages very slowly and do not support features used on newer sites like Flash, Java etc. Client’s trading from office PC’s wherein there is a restriction on Flash. Logging in using Mobile connections.