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Finvasia Demat Account Charges, Review, Opening

66.4% 19,998 Clients

Finvasia is an India based financial service provider. Finvasia offers services like Retail Trading, Asset Management for HNI Clients, Prod Trading, Algo Trading, capital market advisory, currency hedging and depository.

Finvasia is depository participant with CDSL (Central Depository Services India Limited). The company provides demat account related services through CDSL.

The demat account opening is free with Finvasia. The demat services are offered online. Customers can view holdings, transact shares in the depository and other related activities online.

The demat account is part of the 2-in-1 account offered by Finvasia. This includes demat and a trading account. This combination gives seamless connectivity between these two accounts which is critical for the operation of the online trading account.

Note that demat account is optional for Finvasia customers. It is highly recommended to open a demat account if you are planning to trade in equity delivery segment. Finvasia customers have to sign a power of attorney to provide limited authority to the broker to withdraw shares when you sell them through the linked trading account.

Finvasia CDSL Membership Info

Finvasia Depository Participant SEBI Registration Number: IN-DP-317-2017
Finvasia DP ID with CDSL: 12084300

7 Reasons to open a Demat Account with Finvasia

Demat Account Opening is free. No account opening charges.
Annual Maintenance Charges or Demat AMC is free.
Instant paperless account opening process.
Demat account can be managed easily online.
Depository participant of CSDL which is cheaper than NSDL.
You could apply in IPO's online. IPO Research is provided by the company.
View demat holdings in scalper, the online trading platform of Finvasia.

Finvasia Demat Account Opening Charges

To open a new Demat account with Finvasia, 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 0 per year (Lifetime Zero AMC)

Finvasia Brokerage Charges Explained
ID	Transaction	Charges
1	Demat Account Opening Charges	Rs 0
2	Stamp Charges payable upfront (at actual)	Rs 199
3	Annual Maintenance Charges (AMC):
	a. Individuals	Rs 0 Per Year
	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 9 (including CDSL Fee)
5	Inter Depository Transfer (Off-Market Trades):
	a. Buy (Receive)	NIL
	b. Sell(Debit)	Rs 9 (including CDSL Fee)
6	Demat (Per certificate)	Rs 15 + Rs 99 Courier charges
7	Remat (Per ISIN)	Rs 15 + Rs 99 Courier charges
8	Courier charges per Demat/ Remat request	Rs 99
9	Pledge per ISIN	Rs 25 + NSDL Charges
10	Unpledge per ISIN	Rs 25 + NSDL Charges
11	Pledge Invocation per ISIN	Rs 19
12	Periodic Statements	Email: Free \| Physical: Rs 99 Courier Charges
13	Adhoc / Non Periodic Statement	Email: Free \| Physical: Rs 5 per page + Rs 99 Courier Charges
14	Delivery Instructions	First Booklet: Free \| Additional: Rs 99 for 10 leaves
15	Check Bounce	Rs 299
16	Failed Transaction	Rs 49 per transcaction
17	Modification in Client Information	Rs 19 per request
18	Demat Closure Account	Nil
19	Delay Payment Charges	2% per month on T+2 days