56.33% 51,361 Clients
To open a new Demat account with Choice Broking, 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 | Rs 0 (Free) |
Demat Account Annual Charges (AMC) | Rs 200 or as per plan. (1st year AMC free) |
ID | Transaction | Charges |
---|---|---|
1 | Demat Account Opening Charges | Rs 0 |
2 | Stamp Charges payable upfront (at actuals) | |
3 | Annual Maintenance Charges (AMC): | |
a. Individuals | Rs 200 Per Year + GST (Payable upfront every year) or Lifetime Free Refundable and Non-Refundable AMC plans at Rs 3000 and Rs 1500 respectively | |
b. Corporates | Rs 1000 + GST (Payable upfront every year) | |
4 | Transaction Charges per ISIN (Market Trades): | |
a. Buy (Receive) | Rs 0 | |
b. Sell(Debit) | Rs 10 + GST for every debit transaction | |
5 | Inter Depository Transfer (Off-Market Trades): | |
a. Buy (Receive) | NIL | |
b. Sell(Debit) | 0.02% subject to minimum of Rs 10 per instruction + GST | |
6 | Demat (Per certificate) | Rs 25 |
7 | Remat (Per ISIN) | Rs 25 per 100 Securities or 0.04% whichever is higher |
8 | Courier charges per Demat/ Remat request | |
9 | Pledge Creation | Rs 50 or 0.02% whichever is higher + GST |
10 | Unpledge per ISIN | Rs 50 or 0.02% whichever is higher + GST |
11 | Pledge Invocation per ISIN | Rs 100 or 0.05% whichever is higher + GST |
12 | Periodic Statement: | |
a. By Email | ||
b. Physical | ||
13 | Adhoc / Non Periodic Statement Requests: | |
a. By Email | ||
b. Physical | ||
14 | Delivery Instructions: | |
a. First Delivery Instruction Book | ||
b. Every Additional Booklet | Rs 100 | |
15 | Cheque Bounce/ Per cheque | |
16 | Failed Transactions | Rs 10 per instruction + GST |
17 | Modification in CML | |
18 | KRA Upload / Download |
Choice Broking has a depository participant (DP) membership with CDSL and NSDL both. You can choose any of the DP while dealing with Choice Broking.
Choice Broking DP Details
DP SEBI Regn. No : IN-DP-84-2015
CDSL-DP-ID : 12066900
NSDL-DP-ID : IN301895
Choice Broking AMC charge is the annual maintenance charges for maintaining the Demat account with the broker. The first year AMC for individuals is free.
Choice Broking AMC Charges
Choice has different AMC schemes for individuals and corporates as per below:
For individuals
For corporates
You need to pay AMC irrespective of whether you use the Demat account or not.
Power of Attorney (POA) authorizes the broker to debit the shares from your Demat account whenever you sell the shares and transfer it to the Exchange to meet the pay-in obligation. If you do not sign and submit the POA, you are not able to see or sell the shares in your Demat account.
Earlier the POA was required to be couriered to the broker office on completion of the registration. However, with the introduction of Electronic Delivery Instruction Slip (eDIS), it is now not mandatory to submit a POA to Choice Broking. The eDIS enables the investors to sell their shares using TPIN by way of online authorization.
It is important to note that the eDIS facility is currently available only for CDSL Demat account holders. See the below video to know how to sell your shares without POA.
The Choice Broking offers to open online as well as offline Demat account. The online account opening is an easy and convenient way to open a Demat account. It is a paperless process wherein you can instantly sign up within 5 minutes to open the account using your Aadhar card.
Steps to Open a Demat Account in Choice Broking
With the introduction of eDIS, it is now optional to sign and submit the POA for CDSL account holders.
To open an account offline, you need to:
Alternatively, you can walk-in at any of the Choice Broking branch offices and get the account opened.
Leave your contact information and we will get in touch with you....
Information on this page was last updated on Tuesday, November 24, 2020
Add a public comment...
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading HomepageBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI HomepageNRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc