Bonanza Demat Account Charges, Review, Opening


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Established in 1994, Bonanza Portfolio Ltd is a financial services provider in India. It has a membership with NSE, BSE, MCX and NCDEX to offer trading and investment services. It enables customers to invest in Equity, Derivatives, Commodity and Currency segments. The customers can also invest in mutual funds and IPOs. Bonanza offers both online and offline account opening facility to the customers. The broker offers two types of accounts including trading and Demat account.

Bonanza offers advanced trading software including ODIN Diet trading terminal, mobile app and browser-based trading platform. The broker also has a team of experts providing research reports and advisory services to the customers.

Demat account is one of the key Bonanza offerings from 2-in-1 account opening services. Bonanza offers depository participant services with both CDSL (Central Depository Services Ltd) and NSDL (National Securities Depository Ltd). Customers can choose any depository and start investing through a trading account.

Bonanza doesn't charge any fee for Demat account opening. But, customers have to pay ₹250 as Annual Maintenance Charges (AMC) per annum.

Key Features of Demat Account

  • Hold the securities in dematerialized forms
  • Auto debit/ credit of securities
  • Easy transfer of securities
  • Reduces paperwork and transaction cost
  • Hold both the equity and debt instruments
  • No risk of theft, mutilation and loss of securities
  • Can purchase and sell shares in electronic form

Bonanza Demat Account Opening Charges

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

ServiceCharges
Demat Account Opening FeeNil
Demat Account Annual Charges (AMC)₹250

Bonanza Demat Account Charges

Bonanza Depository Service Charges (NSDL & CDSL)

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening ₹200
Annual Maintenance Charges - Paper Statement ₹286 per anum
Annual Maintenance Charges - Email Statement Nil
Buy - Market and Off-Market Nil
Sell - Market and Off-Market - Internet Trading ₹15
Sell - Market and Off-Market - Call Center ₹12
Rejection / fails Nil
Extra charges for processing of TIFDs submitted late
(% of transaction value)
Instruction submitted through Internet (E-inst / IVR)
Nil
Instruction submitted through Call Centre Nil
Instruction submitted at Branches (accepted at Client's risk) Nil
Dematerialisation for each request form Nil
Dematerialisation for each extra certificate ₹3
Rematerialisation ₹15 per 100 securities or part thereof or ₹15 per certificate.
Reconversion of MF units N/A
Closure of Account Nil
Pledge Creation / Closure / Confirmation/ Invocation ₹35
Additional Account Statements Nil
NSDL/CDSL Annual Maintenance Fee for Corporate Account ₹1000
NSDL/CDSL Sell - Market and Off-Market ₹5.50 per debit instruction
Bonanza Special Offer

AMC are waived off for the 1st year

Frequently Asked Questions

  1. 1. Does Bonanza offer demat account?

    Yes, Bonanza offers Demat account services with both CDSL and NSDL. Customers can open a free Demat account with the broker. The Annual Maintenance Charges (AMC) for Demat account is ₹250.

    Discuss this question

  2. 2. How much bonanza charges for Demat account opening?

    Bonanza doesn't charge any fee for Demat account opening. You have to pay an annual maintenance charge of ₹250 for account handling to the broker. Bonanza allows Demat accounts with both NSDL and CDSL.

    Discuss this question

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Information on this page was last updated on Wednesday, November 20, 2019


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