Compare Brokers Compare Side-by-Side Articles Glossary Reports Complaints

Geojit Open Account | Account Opening Process Review

-1.76% 160,984 Clients

Geojit Account Opening Charges 2019

Transaction	Charges
Geojit Trading Account Opening Charges	₹425
Geojit Account AMC Charges	NIL
Geojit Demat Account Opening Charges	NIL
Geojit Demat AMC Charges	₹0

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)

Number of customers: 8.4 lakhs
Number of branch offices: 509
Presence in number of states: 21
Assets Under Management: Rs 30,000 Cr
Services offered through: Branch, Phone and Internet
Member of: BSE, NSE, NSDL, CDSL

Geojit BNP Paribas Product Offerings

Following is the list of product & services offered by Geojit:

Equity Delivery & Equity Intraday Trading
Equity Derivatives (Futures & Options) Trading
Currency Derivatives (F&O) Trading
Mutual Funds (MF)
Systematic Investment Plans (SIP)
Insurance (Life Insurance & General Insurance)
Initial Public Offer (IPO)
Depository Services (Demat Account)
Portfolio Management Services (PMS)
Investor Advisory
Property Services (Real Estate Consultancy)

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.

Geojit BNP Paribas Account Opening

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.

Open an Account in Geojit BNP Paribas

You can open Geojit trading account in 2 ways:

Request Callback
Visit Geojit website's Open an Account page and submit your contact information. Geojit representative will contact you within a day.
Visit Geojit Branch Office or Sub-broker
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 Account Opening Specials

Geojit has a special offer for Chittorgarh.com visitors. You can open an Online Trading + Demat Account for FREE (zero account opening charges).

Geojit BNP Paribas Account Opening Status

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 Account Opening Forms

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.

Geojit Account Closing Procedure

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:

Visit nearby Geojit HNP Paribas office.
Clear all pending dues.
Transfer or sell all your demat account holdings.
Return all unused demat transaction slips if you have any.
Fill the Account Closure Form and submit it in the branch.

Note:

Geojit Account closure request is not accepted through Email or Phone call. Person visit and physical form submission is required.
If there are multiple account holders on the account, each one has to sign on account closing form.

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.

Frequently Asked Questions

1. What type of account Geojit offers?

Geojit offers Trading and Demat Account.

Discuss this question
2. Can I have more than one trading account in same name with Geojit?

No, it's against the law to have multiple trading account with same name with the same broker.

Discuss this question

3. Can I have more than one Demat Account with Geojit in same name?

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.

Multiple Demat & Trading Account with a Broker

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

Discuss this question

4. How to close Geojit demat account?
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.

Key points to be noted before closing account with Geojit:
1. The account which you need to close should not have any shares. If it contains any share you have to transfer them in another active demat account, sell them or convert (rematerialize) them in physical form.
2. The account should not have any negative balance. If there is any then they have to settle before account closure request.
3. Any unused delivery instruction slips have to be returned with closure form.
Process of closing account with Geojit:
1. Download the form
2. Fill the form, sign it and submit to the nearest branch. Attach some documents like ID proof and address proof
3. If the account has multiple holders, all of them have to sign the form
4. After completing all the formalities, it will take around 7 to 10 business days to close the account. There are no extra charges for closing the account
Discuss this question

Information about Geojit account opening, Geojit open account, Geojit opening charges, Geojit account opening charges, Geojit account opening status, Geojit amc charges, Geojit account charges and Geojit account closure.