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GCL Securities Demat Account Charges, Review, Opening

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GCL Securities is a full-service broker offering both trading and Demat account to its customers as a part of its 2-in-1 account services. GCL Securities Demat account is an online account where GCL Broking customers can keep their securities in electronic format.

To invest in the Indian stock market, an individual mandatorily needs a Trading and a Demat account. The trading account is required to place buy/sell orders. A Demat account is required to hold your securities safely in electronic format.

GCL Securities Demat Account review

GCL Securities offers free Demat account opening with an annual maintenance charge of â‚¹300 per year. The company also provides an option to opt for lifetime free AMC by paying a lumpsum amount of â‚¹1,250 one time.

GCL Securities is a depository participant (DP) with CDSL. Through its CDSL membership, GCL Securities offers the Demat Account and other related depository services to its customers. GCL Securities Demat account helps to invest in shares, IPO, mutual funds.

GCL Securities Demat Account is safe and secure. Similar to all other brokers, the Demat account is actually with the CDSL depository. The shares you hold in the Demat account remains with the CDSL and not with GCL Securities. GCL Securities provides only facilitation services.

It is not mandatory to open a Demat account with GCL Securities in case of an existing Demat Account with another broker. However, it is advisable to open a trading and Demat account with one broker for seamless transactions.

GCL Securities Demat Account - Key features

Free account opening.
Standard and Lifetime free AMC plans.
Online and Paperless account opening.
Instant account opening.

GCL Securities Demat Account Number

GCL Securities Demat account number is a 16-digit number. It is a combination of GCL Securities CDSL DP ID and your Client ID. The CDSL DP ID and your client ID are both of 8 digits each.

GCL Securities CDSL DP ID is 12082400. You can find your Client ID in the Client Master Report (CMR).

For example, if your client ID is 12345678, your GCL Securities Demat account number will be 1208240012345678.

For a detailed GCL Securities Demat account opening process, read the GCL Securities account opening review.

GCL Securities Demat Account Closure

You can close your GCL Securities Demat account anytime you wish. Generally, it is advisable to close the Demat account if not in use, as a Demat account attracts maintenance charges even when not in use.

GCL Securities does not offer online closure of Demat account. To close the GCL Securities Demat account, you need to send a physical closure form to the broker office. The GCL Securities Demat closure form is available on the GCL Securities website in the Downloads section under the Other Download tab. There are three different closure forms. Of them, only one is for the Demat account closure. The other two forms relate to Equity and Commodity trading account closure.

Before initiating the Demat account closure, you need to ensure to transfer any securities lying in your Demat account to another Demat account.

For a detailed GCL Securities Demat account closure process, read GCL Securities account opening.

GCL Securities Demat Account Opening Charges

To open a new Demat account with GCL Securities, 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 300 per year or Lifetime free AMC for Rs 1250

GCL Demat Charges

Sr	Charge head	Charges
1	Account Opening Charges	Nil
2	AMC Charges	Rs 300*
3	Transaction Charges (Buy)	Nil
4	Transaction Charges (Sell / Debit) ( Socks)	Rs 11 per Transaction (within GCL), Rs 21 per Transaction (Outside GCL)
5	Pledge Creation/ Confirmation/ Closure/ Invocation	Rs 25
6	Margin Pledge / Un-pledge	Rs 11 per ISIN
7	Margin Re-pledge / Un-pledge	Rs 5 per ISIN
8	Demat Conversion	Rs 10 per certificate/unit + Rs 30 courier charges
9	Remat	Actual CDSL Charges + Rs 30 courier charges
10	Additional Delivery Instruction Book	Rs 25
11	Failed Instruction	Nil

Note:

* Lifetime AMC free demat account is available with Rs 1250 one-time fee.

* AMC Charges for BSDA Account: Holdings up to Rs 50,000 is Nil and Holdings between Rs 50,001 to Rs 2,00,000 is Rs 100

GCL Securities Special Offer

Free Trading & Demat Account (for limited time only)

Get FREE Trading + Demat Account (Zero account opening charges). You can also avail of attractive trading plans that suit your needs. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and GCL Securities representatives will contact you.

Frequently Asked Questions

1. Can we open a Demat account on the GCL Securities app - GCL On Time?

Yes, we can open a Demat account on the GCL Securities app - GCL On Time.

To open the Demat account through the GCL On Time, you need to click on Open Now after downloading the app on your device. You need to provide the required details like mobile no., applicant name, and email id details. To complete the account setup, you need to generate and enter the OTP and upload the relevant documents.

Read GCL Securities account opening for a detailed account opening process.

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2. What is an AMC charge in GCL Securities?

GCL Securities charges Rs 300 per year as annual maintenance charges (AMC) for maintaining the Demat account with the broker.

The company also offers Lifetime free AMC by paying a one-time lump sum amount of Rs 1,250 on a non-refundable basis.

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3. Does GCL Securities require a Demat account?

No, GCL Securities does not require you to mandatorily open a Demat account along with a trading account in case you already have a Demat account.

However, it is advisable to open a trading and Demat account with the same broker for seamless transactions.

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4. Is GCL Securities CDSL or NSDL?
GCL Securities has a depository membership only with CDSL.

GCL Securities CDSL depository participant details:
- GCL Securities DP DEBI Registration No : IN-DP-171-2015
- GCL Securities CDSL DP ID : 12082400
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5. What is my GCL Securities Demat account number?

GCL Securities Demat account number is a 16-digit number combining the GCL Securities CDSL DP ID of 8 digits and your Client ID of 8 digits.

You can find your client ID under your profile on the GCL Securities website or mobile app. You can also find your Demat details in the Demat client master report.

The GCL Securities CDSL DP ID is 12082400. Thus, if your client ID is 99999999, your GCL Securities Demat account no. will read as 1208240099999999.

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