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Angel Broking Demat Account Charges, Review, Opening

2.87% 426,716 Clients

Angel Broking is Mumbai India based stock broker offering trading, investment and advisory services to retail customer. Angel Broking has a network of over 8,500 branches, sub brokers and franchisees.

Angel offers products and services including Equity Trading, Currency Trading, Commodity Trading, Mutual Funds, IPO, Life Insurance, Depository Services (Demat Account) and NRI Trading Account. Angel also provide services like Portfolio Management Services (PMS) and Investment Advisory.

With over 10 lakh customers and presence in over 900 cities in India, Angel is among the most popular stock broker in India.

Depository services or demat account is one of the key services offered by Angel though a 2-in-1 account. The 2-in-1 account include trading and demat account.

Demat account holds shares, mutual funds, bonds etc. electronically, in a very similar manner where bank account holds money. The demat account allows customers to buy or sell the shares electronically without any paperwork.

Angel is registered as a Depository Participant with Central Depository Services Limited (CDSL).

Angel Broking Demat Account Schemes

Angel Broking offers 2 demat account schemes:

Life Time AMC Scheme
In this scheme, with one time upfront payment of Rs 1250, customer can get lifetime zero AMC demat account.
Investor Scheme
In this scheme, customer does pay any upfront money but Rs 300 is charged yearly as Annual Maintenance Charge (AMC).

All other fees remain same for both the plans.

Angel Broking Demat Account Key Features

Wide network of branches for personalized customer service.
Easy online and offline transfer of shares
Pledging facility to avail loan
Option to freeze the demat account for certain time, if required, to avoid misuse.
Demat account can be access though branches, mobile trading app, desktop trading app and from Angel Broking website.
Direct deposit of dividends in linked bank account.
Bonus issues, right shares, or stock split are automatically updated in the Demat accoun
Hold mutual funds in the same demat account.
Facility to convert physical share certificate to demat through branches.

Angel Broking DP Account - Additional Charges

Rs 11 per debit transaction within Angel. Rs 21 per debit transaction outside Angel.
Rs 25 for pledge creation and pledge closure.
Any extra statement is charged at Rs 25 per statement.

Angel Broking Demat Acct Opening Fee

To open a new demat account with Angel Broking, 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 Angel Broking Demat Account Opening Charges and Angel Broking AMC as below:

Angel Broking DP Account Opening Fee: ₹0
Angel Broking DP Account AMC: ₹450 (from 2nd year onwards)
Share Debit Transaction Fee: ₹20 per debit transaction
Is demat account mandatory?: No