76.76% 10,070 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.
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) |
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 |
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Information on this page was last updated on Wednesday, June 10, 2020
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