Dhani Stocks Demat Account Charges, Review, Opening

Dhani Stocks Demat Account Opening Charges

To open a new Demat account with Dhani Stocks, 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.

Dhani Stocks Demat Charges

Dhani Stocks trading and demat account opening charges are Rs 0. Dhani Stocks charges Rs 0 per year demat account AMC. Dhani Stocks demat debit transaction charge of Rs ₹13.5 per trasnaction per debit transaction.

1. 1. Why do I need a Dhani Stocks Demat account?

   A Demat account is an online repository or a locker where your securities are held. A Demat account is a must for trading in shares, mutual funds, ETF, government securities and bonds. You don't need a Demat account to trade in Currency and Commodity Derivatives.

   A Demat account works like a bank account. There are some similarities with the bank account such as-

   1. You get a unique number
   2. The account gets credited when you buy shares and debited when you sell it.
   3. The accounts are regulated by SEBI regulations

   Dhani Stocks offers to open trading and Demat account for unlimited trading in Equity, F&O and Currency at Rs 500 per month.

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2. 2. What is a Central Depository?

   A central depository is an organization that manages the Demat accounts. Your broker is only an intermediary. There are two depositories NSDL and the CDSL.

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3. 3. What is the use of Power of Attorney (PoA) with Dhani Stocks?

   The PoA is written permission to your broker to carry out some Demat specific activities.

   It allows Dhani Stocks to debit securities from your Demat account in case of sell transaction. It also allows your broker to pledge securities for margin trading etc.

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4. 4. I want to convert my physical shares certificate into electronic form. What is the procedure to do it? Where can I get the Dhani Stocks Dematerialisation Request Form?

   You can get the Dhani Stocks Dematerialisation Form by visiting the branch office or calling customer care. You can also download it from the website. The forms are available in Quick Links>'Download Form' on the website.

   The process to dematerialize physical securities into electronic form is simple.

   Steps to dematerialize physical shares-

   1. You have to fill a Dematerialisation Request Form (DRF) and submit it.
   2. You need to attach physical certificates of the shares with the form. You can submit the DRF form to the branch office or send it to the address mentioned in the form. 
   3. Dhani Stocks will submit the certificates of the shares to the company registrar.
   4. After dematerialization of the certificates, the Registrar updates the accounts. It also informs the depository of the completion of dematerialization.
   5. The depository will then credit the Dematerialized shares in your Demat account.

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5. 5. Do I need to maintain a minimum number of securities in my Dhani Stocks Demat account?

   No, there is no such restriction to maintain the minimum number of securities in your Dhani Stocks Demat Account.

   You can hold any number of securities or keep it empty as per your trading needs.

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6. 6. What is Delivery Instruction Slip with Dhani Stocks?

   A DIS (Delivery Instruction Slip) is a form used to get shares transferred from one Demat account to another. You can use it to transfer shares within the same Depository or to another Depository.

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7. 7. I want to close my Dhani Stocks Demat account. How to do it? Where can I get the Dhani Stocks Demat Account Closure Form?

   You can close your Demat account anytime you wish. The process to close the Demat account is simple-

   1. Get 'Indiabulls Securities Demat Account Closure Form' from the branch office. You can also download it from the website at Customer Care>>Downloads.
   2. Fill the form. Submit it along with documents like unused DIS, and a copy of ledger. You can also submit the form to a branch office near you or send it to the company address

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8. 8. Is Dhani Stocks account NSDL or CDSL?

   Dhani Stocks has a depository participant (DP) membership with both the central depositories, CDSL and NSDL. You can choose any of the DP while dealing with Dhani Stocks.

   Dhani Stocks DP Details

   • DP SEBI Regn. No: IN-DP-423-2019
   • CDSL-DP-ID: 12029900
   • NSDL-DP-ID: IN302236

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