Compare Brokers Articles Complaints Compare Side-by-Side About Brokers

Aditya Birla Money Demat Account Charges, Review, Opening

6.45% 43,739 Clients

Incorporated in 1994, Aditya Birla Money Financial Services is a Chennai based company engaged in stock broking, Mutual Funds, PMS and depository services. Aditya Birla Money is a part of the Aditya Birla group and primarily into the broking business. It offers stock and currency trading services at BSE and NSE. The commodity trading services are offered by its subsidiary company Aditya Birla Commodities Broking Limited.

ABM offers trading services through multiple channels- online, offline via branches & franchisee offices and through call & trade facility. The customers can choose any trading mode as per their convenience. All the facilities are offered free of cost by the company.

ABM is also a registered depository participant with National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL). The NSDL and CDSL membership, allows Aditya Birla Money to offer the Demat Account opening and its related services to its customers.

Aditya Birla Money offers a 2-in-1 account (demat and trading account) to its customers. The 2-in-1 account is linked together facilitating easy and fast transactions between the two accounts.

Depository Services (Demat Account) is one of the key offerings of the company. Every trader who wants to trade in securities in an exchange needs a Demat account wherein all the securities bought are electronically stored. The account can be used to store many types of securities like stocks, mutual funds, IPOs and Bonds etc. It works like a bank account wherein shares are credited on buying and debited on selling.

A customer can open a Demat account for himself or for his entire family through a Joint Demat account. HUFs, Associations, Companies and Partnership firms too can open a Demat account to meet their trading needs.

Aditya Birla Money (ABM) Demat Account

Aditya Birla Money is the depository participant (DP) of CDSL and NSDL. The two depositories open and manage the accounts. Please note that you actually open the demat account with these two depositories through Aditya Birla Money. ABM or any other broker is only their members and play the role of an intermediary between the depository and the customer. Both DP and ABM charge fees for each Demat transaction. ABM may also charge annual maintenance fees for its services.

Aditya Birla Money Securities DP Membership Info:

NSDL: IN-DP-17-2015
CDSL – CDSL DP ID: 37600

7 Reasons to open an Aditya Birla Money (ABM) Demat Account

One account to hold multiple securities like Stocks, Mutual Funds, IPOs and Bonds etc.
Single account for trading in BSE, NSE, MCX and other exchanges.
Dividends, bonus, interest etc., earned directly deposited in your account.
Manage your demat account through online, mobile and call & trade.
Apply online for IPOs
Service assistance through online and over 40 branches
Instant online account process

Aditya Birla Money Demat Acct Opening Fee

To open a new demat account with Aditya Birla Money, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Aditya Birla Money Demat Account Opening Charges and Aditya Birla Money AMC as below:

Aditya Birla Money DP Account Opening Fee: Nil
Aditya Birla Money DP Account AMC: Rs 436
Share Debit Transaction Fee: Rs 20
Is demat account mandatory?: No