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8.69% 218,683 Clients
Geojit account opening charges are Rs 425 for a trading account and NIL for Demat account. Geojit charge Rs 700 AMC for Demat account.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | Rs 425 |
| Account AMC Charges | NIL |
| Demat Account Opening Charges | NIL |
| Demat AMC (Yealy) | Rs 700 |
Incorporated in year 2000, Geojit is Kochi, Kerala based retail financial service provider in India. Geojit provides saving and investment services through its branch offices and online.
Products offered by Geojit includes Equities, Derivatives, Currency Futures, Custody Accounts, Mutual Funds, Life Insurance & General Insurance, e-Insurance, IPOs, Portfolio Management Services, Property Services, Margin Trading and Loans against Shares.
BNP Paribas, the France based multinational bank is the majority shareholder in Geojit. BNP Paribas has also acquired control of Sharekhan Limited, the Geojit competitor, on November 23, 2016.
Geojit offers 2-in-1 account (Demat & Trading Account).
Facts about Geojit (As of Dec 2016)
Following is the list of product & services offered by Geojit:
Geojit, a SEBI registered stock broker is member of BSE and NSE. Geojit is registered as a Depository Participant with CDSL.
Note: Geojit BNP Paribas doesn't offer Commodity Trading.
To trade or invest through Geojit, you need an account with them.
If you are planning to invest or trade in Stocks, MF, IPO, SIP or Currency Derivatives, you need a Geojit Trading Account.
If you are planning to invest in equity (hold the shares for long time), apply in IPO's or buy Mutual Funds, then you also have open a Geojit Demat Account.
You can open Geojit trading account in 2 ways:
Visit Geojit website's Open an Account page and submit your contact information. Geojit representative will contact you within a day.
Find the branch office or a sub-broker, visit them or give them a call. They will arrange a personal visit to open an account for you. This is fastest and most convenient way to open an account with Geojit as they has large network of office across major cities and towns in India.
Geojit has a special offer for Chittorgarh.com visitors. You can open an Online Trading + Demat Account for FREE (zero account opening charges).
Simply call the local office where you submitted the form or contact the sales person who helped you in filling the form. You could also visit the Geojit branch to check the account opening status.
Geojit demat account opening forms are available on its website. Visit Geojit website's Open an Account page and find a link Account Opening Forms.
Geojit account opening forms are also available at local Geojit branch offices.
Most Geojit customers open 2-in-1 account (trading + demat account) with them.
If you are no more making investment or trades through Geojit or moved to another broker, it is highly recommended to close the accounts to avoid AMC and misuse of your accounts.
Follow below simple steps to close Geojit accounts:
Note:
Make sure to keep a copy of your account closure request acknowledgement at a safe place until you have written confirmation that your account is closed.
It usually takes 7 working days for Geojit to close the account. Customer receive a confirmation letter within 15 days.
It's very important for customer to get a confirmation of the account closure to avoid surprises later. If you do not receive any information in 15 days, contact the local branch where you submitted the closure request.
Geojit offers Trading and Demat Account.
No, it's against the law to have multiple trading account with same name with the same broker.
Yes, you can have multiple demat accounts with geojit on your name. There is no limit on the number of the demat accounts in the same name with a broker.
But there is a limit on the number of trading account with the same broker. One individual (unique PAN Number) can have only 1 trading account with a stockbroker. i.e. You could open only 1 trading account on your name with Geojit. But you could open multiple trading accounts by choosing different brokers i.e. one with Geojit and another with Zerodha.
Customer Name | Broker | Demat Account | Trading Account |
|---|---|---|---|
Sandeep Singh | Geojit | Demat 1 to x | Trading 1 |
Sandeep Singh | Upstox | Demat 1 to x | Trading 2 |
Rajesh Bahal | HDFC | Demat 1 to x | Trading 1 |
Rajesh Bahal | Zerodha | Demat 1 to x | Trading 2 |
Securities are kept in depositories in electronic form. There are two depositories in India registered with SEBI namely NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
If you want to close your demat account with Geojit for any reason that could be anything from you are quitting the share market or you are choosing another depository participant, you can close it by submitting the account closure form. Account opening is much easier than closing but if you follow the process you can close it easily without a lot of Hassel.
To close a Demat Account, the application has to be submitted in the prescribed format by the account holder, which can be downloaded from the DP. Most of the broker has their own rules for the account closing process and have specific forms for doing it.
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Information on this page was last updated on Wednesday, January 29, 2020
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Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
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