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Aditya Birla Money Demat Account Charges, Review, Opening


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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

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

Aditya Birla Money Demat Account Opening Charges

To open a new Demat account with Aditya Birla Money, 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.

ServiceCharges
Demat Account Opening FeeNil
Demat Account Annual Charges (AMC)Rs 436

Aditya Birla Money Demat Charges

Aditya Birla Money trading and demat account opening charges are Rs 200. Aditya Birla Money charges Rs 436 demat account AMC. Aditya Birla Money demat debit transaction charge of Market Transactions within Aditya Birla Money POW (Both Market / Off Market): Normal Scheme: ₹30 per ISIN Lifetime AMC Scheme: ₹20 per ISIN BSDA Account: ₹75 per ISIN (Market /Off Market) For External Broker: Normal Scheme: ₹30 or 0.03% on value of securities whichever is higher Lifetime AMC Scheme: ₹30 or 0.03% on value of securities whichever is higher BSDA Account:  Minimum ₹75 per ISIN or 0.05% on value of securities whichever is higher. per debit transaction.

ID Transaction Charges
1 Demat Account Opening Charges Rs 750
2 Annual Maintenance Charges (AMC)
  1. Normal Scheme: ₹450 p.a. for Individuals and for Corporates ₹1000 p.a.
  2. Basic Service Demat Account (BSDA) Account: Nil for holding below ₹50,000, Holding from ₹50,001 to ₹200,000 AMC of ₹100 p.a., Holding above ₹200,000 will be charge as applicable to Normal Demat Account.
  3. Lifetime AMC Scheme (₹1500 one time): Nil
3 Transaction Charges (Buy) [.]
4 Transaction Charges (Sell)

Market Transactions within Aditya Birla Money POW (Both Market / Off Market):

  1. Normal Scheme: ₹30 per ISIN
  2. Lifetime AMC Scheme: ₹20 per ISIN
  3. BSDA Account: ₹75 per ISIN (Market /Off Market)

For External Broker:

  1. Normal Scheme: ₹30 or 0.03% on value of securities whichever is higher
  2. Lifetime AMC Scheme: ₹30 or 0.03% on value of securities whichever is higher
  3. BSDA Account:  Minimum ₹75 per ISIN or 0.05% on value of securities whichever is higher.
5 Demat + Courier charges
  1. Normal Scheme: Rs 5 per certificate plus Rs 50 courier charges.
  2. BSDA Account: Rs 25 per certificate plus Rs 50 courier charges.
6 Remat
  1. Normal Scheme: A flat fee of Rs 15 per certificate or Rs 15 for every hundred securities or part thereof, whichever is higher plus Rs 50 courier charges.
  2. BSDA Account: A flat fee of Rs 25 per certificate or Rs 25 for every hundred securities or part thereof, whichever is higher plus Rs 50 courier charges.
7 Pledge Creation

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

8 Pledge Creation Confirmation

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

9 Pledge Invocation

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

10 Failed Transactions [.]
11 Other Chareges

Rs 50 for re-issuance of DIS Booklet.

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Frequently Asked Questions

  1. 1. What is a Aditya Birla Money Demat Account?

    A demat account is like a bank account that is used to keep digitally store shares, mutual funds, bonds and other such securities. The accounts are managed by CDSL and NSDL, two government-approved depositories in India. All the broking companies offering depository services are required to be members of any of the depositories.

     

  2. 2. What are the benefits of Aditya Birla Money Demat account?

    A Demat account is compulsory if you want to trade in stocks or apply for IPOs in India. It offers multiple benefits like-

    1. Easy and fast trading
    2. Reduces the risk of loss/theft/damage of securities
    3. Quick transfer of shares
    4. Allows to buy and sell as low as 1 share
    5. Single account to hold multiple types of securities
    6. Facility to nominate

     

  3. 3. Is it mandatory to open a demat account along with a trading account with Aditya Birla Money?

    Yes, ABM offers 2-in-1 account wherein you have to open both demat and trading account.

     

  4. 4. Why do I have to give my bank account while opening a demat account with Aditya Birla Money?

    Every Demat account is linked with a bank account. Securities earn bonus, interest etc., which is credited to the bank account linked with the Demat account of the holder. You can change the linked bank account anytime as per your convenience.

     

  5. 5. Who can open a demat account with Aditya Birla Money?

    All individual residents, adult or minor, can open a Demat account with ABM. Also, partnership firms, businesses, HUFs and associations can also open a Demat account with the company.

     

  6. 6. Can a minor open a Demat Account with Aditya Birla Money?

    Yes, a minor can open a demat account with the company. A minor account requires a legal guardian to be appointed and his/her documents need to be provided for account opening. The legal guardian will have the rights to manage the account until the minor becomes an adult.

     

  7. 7. Can I open a joint demat account with Aditya Birla Money?

    Yes, you can open a joint demat account. The account can have a maximum of 3 holders, one main and two joint holders.

     

  8. 8. How do I change my personal information in the Aditya Birla Money demat account?

    You can change personal details like address, phone number etc., online or by calling the customer care of the company. You may be asked to provide documents for address change. For other specific changes like change in branch or to activate trading in segments, you need to-

    1. Visit the company website, click on the 'Downloads and FAQs' tab at the top menu. Again click on the 'Downloads'. Now click on the 'Change Request' Tab and download the appropriate form.
    2. Print, fill, sign and attach supporting documents
    3. Send it to the company address or submit it in the branch office

     

  9. 9. What is nomination and how to nominate someone to my Aditya Birla Money demat account?

    The nomination is done to appoint a nominee to who the securities held in the Demat account will be transferred in case of death of the account holder. The facility is available only for individual and Demat accounts. In absence of a nominee, your legal heir has to establish himself as the rightful heir before the court to get ownership of the securities.

    To nominate someone, your wife or kids, to the Demat account, you need to-

    1. Visit the company website, click on the 'Downloads and FAQs' tab at the top menu. Again click on the 'Downloads'. Now click on the 'Change Request' Tab and download the 'NSDL NOMINATION FORM FORMAT' or 'CDSL NOMINATION FORM FORMAT' as per your DP.
    2. Print, fill, sign and attach supporting documents. For joint accounts, all account holders must sign on the nomination form.
    3. Send it to the company address or submit it in the branch office

    Please note-

    • You can nominate up to 3 nominees and allocate the percentage of ownership between them.
    • You can also nominate a minor as a nominee.
    • For joint accounts, the ownership of securities is first transferred to surviving account holders and in case all are dead the to the nominee.

     

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Information on this page was last updated on Tuesday, November 26, 2019

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