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Incorporated in 1999, Achiievers is an online discount broker in India. It has a wide product range offering equity, mutual funds, derivatives, currency, commodity and loan product to the customers. The discount broker offers a 2-in-1 account to its customers.
Achiievers is a member of CDSL and the membership allows it to offer depository or demat services to its customers. To trade and invest in the stock market, you must have a Demat account. Just as you can keep money in the bank account, you can hold the securities in electronic format in the Demat account.
To open a new Demat account with Achiievers, 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.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Nil |
| Demat Account Annual Charges (AMC) | Rs 400 |
| Sr | Particular | Individual (Regular) | Individual (BSDA) | Non-Individual |
|---|---|---|---|---|
| 1 | Account Opening Charges | NIL | NIL | NIL |
| 2 | Annual Maintenance Charges (AMC) | Rs 400 p.a. | NIL | Rs 900 p.a. |
| 3 | Dematerialization Charges | Rs 3 per Certificate + courier charges of Rs 40 per Demat request for every 500 gms | Rs 10 per Certificate + courier charges of Rs 100 per Demat request for every 500 gms | Rs 3 per Certificate + courier charges of Rs 40 per Demat request for every 500 gms |
| 4 | Transaction Charges Market/Off market/Interdepository | Rs 12 + CDSL charges at actual | Rs 50 + CDSL charges at actual | Rs 12 + CDSL charges at actual |
| 5 | Pledge Charges (Creation/Closure) | 0.02% of the transaction charges subject to a minimum of Rs 50 + CDSL charges at actual | 0.05% of the transaction charges subject to a minimum of Rs 100 + CDSL charges at actual | 0.02% of the transaction charges subject to a minimum of Rs 50 + CDSL charges at actual |
| 6 | Pledge Charges for Invocation | 0.05% of the transaction charges subject to a minimum of Rs 50 | 0.10% of the transaction charges subject to a minimum of Rs 100 | 0.05% of the transaction charges subject to a minimum of Rs 50 |
| 7 | Re-materialization Charges | Rs 25 per certificate or 0.05% of the value whichever is higher + CDSL charges | Rs 100 per certificate or 0.10% of the value whichever is higher + CDSL charges | Rs 25 per certificate or 0.05% of the value whichever is higher + CDSL charges |
| 8 | Failed / Rejection Charges | Rs 50 per transaction | Rs 100 per transaction | Rs 50 per transaction |
| 9 | Demat Rejection charges | Rs 35 per rejection for every 500 gms | Rs 35 per rejection for every 500 gms | Rs 35 per rejection for every 500 gms |
| 10 | Adhoc/Non periodic statement request | Rs 25 per request upto 10 pages. Every additional 5 pages or a portion thereof will Be charged at Rs 5 + courier charges | Rs 100 per request upto 10 pages. Every additional 5 pages or a portion thereof will Be charged at Rs 20 + courier charges | Rs 25 per request upto 10 pages. Every additional 5 pages or a portion thereof will Be charged at Rs 5 + courier charges |
| 11 | Statutory & processing charges at the time of account opening | NIL | Rs 100 | NIL |
| 12 | Lifetime Offer (AMC & Transaction) | Upfront at the time of Account opening Rs 5000 + Serv. Tax, enrolls all account holders for free AMC & transaction charge for the next 15 Years (CDSL Charges at actual) | N.A. | Upfront at the time of Account opening Rs 10000 + Serv. Tax, enrolls all account holders for free AMC & transaction charge for the next 15 Years (CDSL Charges at actual) |
| 13 | Lifetime Offer ââ‚-“ (AMC) | Upfront at the time of Account opening Rs 2499 + Serv. Tax, enrolls all account holders for free AMC for the next 15 Years (CDSL Charges at actual, Transaction charges as per regular tariff) | N.A. | Upfront at the time of Account opening Rs 4999 + Serv. Tax, enrolls all account holders for free AMC for the next 15 Years (CDSL Charges at actual, Transaction charges as per regular tariff) |
| Value of Holding (Amount) | Annual Maintenance Charges (Rs) |
| Upto 50000 | NIL |
| 50001-200000 | 100 p.a. |
| 200001 and above | Charges are applicable to regular Demat Account |
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Information on this page was last updated on Tuesday, December 3, 2019
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