Achiievers Demat Account Charges, Review, Opening


-18.87% 1,195 Clients

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.

Key Facts About Achiievers

  • Online discount brokerage company with around 20 years experience
  • Offers a range of trading services and investment products
  • Offers unlimited daily, monthly and lifetime plans
  • 1,000+Crores turnover/day in retail trading
  • 20,000+ clients across the country
  • 850+ locations pan India presence

Achiievers Demat Account

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.

Achiievers Demat Account Key Features

  • Reduces chances of physical theft, damages or losses
  • Eliminates the risk of bad deliveries or fake posing
  • Hold all the securities at one place
  • Take less time in completing the transactions electronically
  • Transferring of shares is an easy task
  • Can pledge the securities to avail the loan against them
  • Get refunds, dividends, and interest directly to the Demat linked bank account
  • Can access the Demat account using multiple modes

Achiievers Demat Account Opening Charges

To open a new demat account with Achiievers, 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)₹400

Achiievers Demat Account Charges

Achiievers Equities Demat Charges

Sr Particular Individual (Regular) Individual (BSDA) Non-Individual
1 Account Opening Charges NIL NIL NIL
2 Annual Maintenance Charges (AMC) ₹400 p.a. NIL ₹900 p.a.
3 Dematerialization Charges ₹3 per Certificate + courier charges of ₹40 per Demat request for every 500 gms ₹10 per Certificate + courier charges of ₹100 per Demat request for every 500 gms ₹3 per Certificate + courier charges of ₹40 per Demat request for every 500 gms
4 Transaction Charges Market/Off market/Interdepository ₹12 + CDSL charges at actual ₹50 + CDSL charges at actual ₹12 + CDSL charges at actual
5 Pledge Charges (Creation/Closure) 0.02% of the transaction charges subject to a minimum of ₹50 + CDSL charges at actual 0.05% of the transaction charges subject to a minimum of ₹100 + CDSL charges at actual 0.02% of the transaction charges subject to a minimum of ₹50 + CDSL charges at actual
6 Pledge Charges for Invocation 0.05% of the transaction charges subject to a minimum of ₹50 0.10% of the transaction charges subject to a minimum of ₹100 0.05% of the transaction charges subject to a minimum of ₹50
7 Re-materialization Charges ₹25 per certificate or 0.05% of the value whichever is higher + CDSL charges ₹100 per certificate or 0.10% of the value whichever is higher + CDSL charges ₹25 per certificate or 0.05% of the value whichever is higher + CDSL charges
8 Failed / Rejection Charges ₹50 per transaction ₹100 per transaction ₹50 per transaction
9 Demat Rejection charges ₹35 per rejection for every 500 gms ₹35 per rejection for every 500 gms ₹35 per rejection for every 500 gms
10 Adhoc/Non periodic statement request ₹25 per request upto 10 pages. Every additional 5 pages or a portion thereof will Be charged at ₹5 + courier charges ₹100 per request upto 10 pages. Every additional 5 pages or a portion thereof will Be charged at ₹20 + courier charges ₹25 per request upto 10 pages. Every additional 5 pages or a portion thereof will Be charged at ₹5 + courier charges
11 Statutory & processing charges at the time of account opening NIL ₹100 NIL
12 Lifetime Offer (AMC & Transaction) Upfront at the time of Account opening ₹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 ₹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 ₹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)

  • ₹500 will be charged for Non Individuals by CDSL for AMC. (Life Time)
  • Additional Delivery Instruction booklet would be charged @ ₹50 per booklet containing 10 leaves.
  • Modification of Client Details ₹30 per instance
  • All charges are inclusive of Service tax

BSDA Scheme

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

  • Valuation of holding will be calculated at the end of every billing cycle (monthly).
  • The value of securities held in BSDA shall not exceed ₹2 lakhs at any point of time. If the value of holding exceeds ₹2 lakhs, the charges as applicable to regular Demat Account will be levied.

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Information on this page was last updated on Tuesday, December 3, 2019


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