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 experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance.
Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art online trading portal.
Geojit BNP Paribas is a stock market listed company and its stock are traded at NSE (GEOJIT) and BSE (532285).
Over the years the name of the company got changed from Geojit Securities Ltd. to Geojit Financial Services Ltd. (GFSL) and finally to Geojit BNP Paribas Financial Services LTD in April 2009.
Trade In: BSE and NSE
Geojit Share Broker Review Ratings
Geojit's Trading Platforms
Geojit BNP Paribas offers an Advanced Online Investment Platform called 'FLIP' (Financial Investment Platform) that comes with multiple conveniences and flexibilities.
Geojit BNP Paribas offers 3 different online trading platforms to its customers. Investor can select from any of the three trading platforms that Geojit BNP Paribas offers as per investor’s requirement.
FLIP Lite is a browser based version and will help to trade even if someone have a low bandwidth connection. It’s Light and easy to use. FLIP Lite is designed to work on mobile devices.
FLIP Gold Platform is a browser based version that can be accessed from around the world. This Platform is offered absolutely FREE to all online customers. FLIP Gold Platform is ideal for those who travel often and hence cannot access their own computer for trading.
Key Features of Gold Platform:
Live streaming quotes
Real-time configurable Market Watch with auto save functionality
Live top gainers, top losers and most active script
Tick by Tick Intraday Charting and advanced charting with 60 technical studies
Live exchange-broadcasting messages
Optimized to work on low bandwidth
Works behind proxy & firewall
Real-time Research & Trade Execution notification via pop-up
Platinum user can login to Gold & Lite platforms with the same login id
Instant trade confirmation & Online fund transfer facility
After market hours, orders can also be placed in both the Exchanges
Online investment of Mutual Funds and IPO’s
Platinum platform is a virtual dealer terminal. It is best suited for active traders, who take advantage of minor movements in the price. This EXE program can be downloaded on the client’s computer. This platform is FREE if brokerage criteria is met else clients can opt for the refundable fee option.
Key Features of Platinum Platform:
All the features of Gold are available in Platinum
Professional, Classic, Customized Market Watches
Fast trade execution with instant trade confirmation through pop-up
View Cash, F&O and Currency quote in a single market watch screen
Real-time updation of Index & Tick by Tick updation of index chart
Intraday & EOD
Sophisticated studies such as Technical indicators can be performed by using appropriate parameters
Geojit Brokerage Charges 2015
Account opening fees: Nil
Dematerialisation charges: Nil + courier charges @ Rs.35 Per script
Rematerialisation charges: Rs.10 for every hundred securities or part thereof ;} or Rs.10 per certificate, whichever is higher} + courier charges Rs.35 per script
Custody Charges: Nil
Delivery-based Trading: 0.3 %
Intra-day Trading: 0.03 %
Futures & Options
Futures: 0.03 %
Options: Rs.75/- per lot
Brokerage on Options Exercise and Expiry will Be Rs.30/- per lot
For opening a two-in-one account: i.e. Trading and Demat, Individual Investors require following documents:
Photograph - Two recent passport size
Proof of Bank Account (Copy of Bank Statement / Copy of first page of the Bank Pass Book / A cancelled cheque)
Proof of Address (Passport, Driver's License, Ration Card, Voter's Identity card, Telephone bill, and Electricity bill, Bank Passbook / Bank Statement or Rent Agreement)
Proof of Identity (PAN Card)
Contact Geojit / Request Call Back
Geojit BNP Paribas has introduced a view only "terminal" that delivers real-time market information from the Company’s system to the GPRS enabled mobile phones of Company’s clients. FLIP-ME* (Financial Internet Platform-Mobile Edition) delivers key information and a host of other features empowering the client on the move to take trading decisions, and avail the call and trade facility to execute orders.
Investors can place orders via phone by calling customer care (Toll free) or through respective branch.
Company has list of preferred backs including HDFC Bank, ICICI Bank, Citibank & Federal Bank, Punjab National Bank, Union Bank of India, Bank of India and IDBI Bank.
Facility to place online orders in Post-close session of NSE and BSE.
Daily market calls, Research Reports, Demat Holdings, change of Platform, etc are available though SMS.
Company doesn’t offer 3 in 1 trading account like other popular brokers. Investor has to use banking services from other banks.
Slow website response time.
Geojit Complaints Recieved at BSE / NSE:
Number of customer complaints lodged against share broker Geojit:
Number of Clients *
Total Complaints **
* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.
** The total number of complaint received against the broker at the given exchange.
181. ARVIND WAKKAR Feb 6, 2015 3:43:09 PM IST | Reply
I am a senior Citizen aged 67 years. Geojit is my depository. For last two years I have problems in online trading system. Thsystem is not up to the standard & trust worthy. I have lost a substantial amount of my holding due to their software problem. I have writen many letters , reminders etc to them but they are not bothered. You must have heard about Credit card fraid / bank account fraud etc. but GEOJIT commmits Cyber-crime by ynlawfully selling the holdings of the client. If you are not attentive you may be surprise to see your Demat account with ZERO balance. I have proof of their illegal sale & I am referring this matter to SEBI, NSDL BSE etc. If need be I may report this matter to the press media for making this public. Every body should think thousand time to be a part of GEOJIT.
Worst Customer care. I had trading account with GEOJIT Malleshwara Bengaluru branch. They cannot even handle 3 mutual funds of mine and i had to dash to their Branch around 10 - 12 times just to get my mutual funds redeemed. And even after cancellation, i get alerts for ECS.
Jerks.. My advice: please dont open account with Geojit.
Hello, Can we the cash deposit paid as upfront margin of Rs. 10000/-(at the time of opening Free Trading & demat A/c) for trading..??
178. Somashekar Oct 22, 2014 11:20:33 AM IST | Reply
Since 2 year I am trading with Geojit R R Nagar Branch .service is good I refered 4-5 friend to open dmat account. I learnt some excellant day trading concept from branch manager. Reserch accuracy some what better.Exposure facility is also good but Option brokerage is more I am not satisfied with that. over all i am geting goood services from R R Nagar Geojit Branch.
hi. am a beginner in indian stock trading. i like to do daytrading with a small investment of rs. 5000/-. i checked GEOJIT account and saw their intra day brokerage charge is 0.03% for both legs but there is a minimum brokerage is rs. 20/-. is GEOJIT takes minimum rs. 20 for both buy and sell legs as brokerage? kindly give a solution.
can low income class able to perform share trading?
175. Geemon Mathai Mar 29, 2014 5:28:08 PM IST | Reply
Worst people to deal with...and in an age of client delight these guys doesn''t even know the basic etiquettes of customer service.....Geojit SUCKS.Please donot open an account with them its not worth your money.
I have been with geojit since 2006 and have built a large investment portfolio picking the company myself not based on recommendations. No regard for association with them. The brokerages are high and non-negotiable. Branch heads are not empowered to take decisions on brokerage. I have account with mosl, they are better in customer relationship management than geojit which is very arrogant. Shares bought will be sold if settlement not done within 1 day. Normally it is t+2 with other brokers. On top of non-negotiable brokerage they have a cut throat approach. I will definitely not recommend geojit based on my experience.
Brokerage - Below Average Account Maintenance Fees - Very Poor Website Usability - Average Customer Service - Very Poor Overall Experience - Very Poor
171. RAVI CHAKRAVARTHY RAMASWAMY May 29, 2013 11:26:49 PM IST | Reply
ONE OF THE BEST BROKERAGE AND FINANCIAL SERVICE COMPANY WITH COMPLETE TRANSPARENCY. I HAVE BEEN WITH GEOJIT FOR OVER 20 YEARS NOW AND FOUND THE DEALING VERY COMFORTABLE.
I want to know whether there are any charges for Platinum user or any brokerage criteria to be met ? Gold is free ryt ?
168. S Ramachandran Jan 18, 2013 9:05:39 PM IST | Reply
I am using Flip platinum My no is UGR 048. In the morning and at the time of placing main orders Geojit BNp is not allowing me to login in mobile trading even though the password check allowed. This is happening only at the time os FLIP secure authourisation only.So I planned to stop trade in GeojitC75ES
Geojit''s Flip platform is undoubtedly a good one. But they can can still make it still better by improving. Currently it produces intraday which is not linked now), it could be of great help for all traders, as one can technical parameters and earn good sums from trades.
However, Geojit will not go for such enhancements, as they are least bothered of customers earnings. They just bothered for their brokerage. When it comes to brokerage charges, it might appear to be reasonable but in reality it is not.
I consider these brokerage rates are no less than day light robbery. Yes it is nothing but looting their own customers.
Dear Investors, Be carefull before open9ing trading & demat account with Geojit. Their customer care is a very hopeless department. They will not understand your problem at all. but willl go on wrinting you you as reply for ypur question withought knowing the question. They will also not give you credit of the shares you purchase in time. you will have to be after them evry time. They will also send the remittance to any bank without knowing what is your default branch for the statory pay out. For last three qurter end i have faced this problem. when i wrote to them neither customercare nor grievacex committe is replying to my emails on the matter refered. You will be tossed from one deprtment to other for a indefiite period. But you will never get your problems solved. Be carefull while opting for GEOJIT as your stock broker. I have lost faith on them & now I am taking up the matter with SEBI & NSDL. THis is for your kind attention.
163.1. Arun May 19, 2013 4:52:47 PM IST |
Disastrous service ever..Totally agreed with above user..
Iam an client of geojit since 2009 .THERE ARE ALOT OF TRADES UN AUTHORISED have been done by Mr. Peyus earlier in Qu now in some kerala branch near cochin both in EQUITY AND F&O .I HAVE LOST 57000.00 RUPEES . I HAD COMPLAINED TO M.D. DURING HIS VISIT TO TUMKUR AND ALSO HAD SENT E MAILS .THEESE PEOPLE ARE VERY ARROGENT AND DOES NOT TAKE ACTION ONE SHOULD BE VERY CARE FULL R.S.K