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Indiabulls Demat Account Charges, Review, Opening


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Indiabulls Ventures, a stockbroking arm of Indiabulls group, also offers Demat Account services to its customers. The Indiabulls Demat Account is to hold other securities like stocks Mutual Funds, IPO Shares, and Bonds in electronic format.

Indiabulls is a depository participant with the NSDL and CDSL. The integrated demat and trading account offers a seamless online trading experience to the customers. The Demat Account is mandatory for all Indiabulls online trading customers. Indiabulls customer can manage the demat account online using its trading platform.

Key Facts about Indiabulls Ventures

  • Depository participant with both NSDL and CDSL.
  • Offers instant online paperless Demat Account Opening.
  • All demat account related services are offered online.
  • Over 7 lakh customers with 20+ years of experience.
  • Offers branch service through its network in 20+ cities.

Indiabulls Demat Account

Indiabulls Ventures is  Depository Participant of both central depositories , NSDL and CDSL. The central depositories manage the Demat accounts. Indiabulls plays the role of an intermediary between the customers and the broker. Customers pay a fee to both Indiabulls and the depository for using the Demat account.

Indiabulls Securities DP Membership Info:

  • Indiabulls NSDL DP ID: IN-302236
  • Indiabulls CDSL DP ID: 12029900

10 Reasons to open Demat Account with Indiabulls

  1. Offers  Instant Account Opening  in 15 Minutes
  2. Branch Servicing in 20+ Cities to solve Demat issues
  3. DP with both NSDL and CDSL
  4. Online account management
  5. Nil AMC charges for Basic Services Demat Account (BSDA) with the holdings value up to ₹50,000.
  6. Hold Shares, Bonds, MFs, etc.
  7. Invest in IPO online
  8. Dedicated Relationship Manager for personalized services
  9. Facility to freeze the Demat account
  10. Dividend, Bonus, etc., from securities, are directly credited to the linked bank account

Indiabulls Demat Acct Opening Fee

To open a new demat account with Indiabulls, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Indiabulls Demat Account Opening Charges and Indiabulls AMC as below:

  • Indiabulls DP Account Opening Fee: ₹0
  • Indiabulls DP Account AMC: ₹450
  • Share Debit Transaction Fee: 0.02% or ₹15 whichever is higher
  • Is demat account mandatory?: No

Indiabulls Demat Account Charges

Indiabulls Demat Charges (Resident Retail Customers)
Sr Account with POA Charges (CDSL)
1 Stamp Paper Charges Nil
2 AMC Charges for Basic Services Demat Account (BSDA) Holdings up to ₹50,000 - Nil
Holdings between ₹50,001 to ₹2,00,000 - ₹100
3 AMC Charges (inclusive of Service Tax) ₹450
4 Custody Charges Nil
5 Transaction Charges (Buy) Nil
6 Transaction Charges (Sell) ₹10 per Transaction or .02% of the transaction value (whichever is higher)
7 Off-Market Transactions ₹15 or .02% of the transaction value (whichever is higher)
8 Failed Instruction Nil
9 Pledge Creation/ Confirmation/ Closure/ Invocation ₹25 or .02% of the transaction value (whichever is higher)
10 DEMAT/Conversion ₹1 per certificate (max ₹250) + ₹25 courier charges
11 DEMAT/Conversion Rejections ₹20 per rejection + ₹25 courier
12 REMAT / Redemption/Restart - SOA ₹15 for every 100 Securities Or A flat fee of ₹15 per certificate, whichever is higher.
13 Delivery Instruction Book Nil

Frequently Asked Questions

  1. 1. What is a Demat account? Why do I need a Demat account?

    A Demat account is an online repository or a locker where your securities are held. A Demat account is a must for trading in shares, mutual funds, ETF, government securities and bonds. You don't need a Demat account to trade in Derivatives, Currency and Commodities.

    A Demat account works like a bank account. There are some similarities with the bank account such as-

    1. You get a unique number
    2. The account gets credited when you buy shares and debited when you sell it.
    3. The accounts are regulated by SEBI regulations

    Discuss this question

  2. 2. What is a Central Depository?

    A central depository is an organization that manages the Demat accounts. Your broker is only an intermediary. There are two depositories NSDL and the CDSL. Each broker offering Demat services is a participant with the central depositories.

    Discuss this question

  3. 3. What is the use of Power of Attorney (PoA) with Indiabulls?

    The PoA is a written permission to your broker to carry out some demat specific activities. It empowers your broker to debit securities from your demat account. It also allows your broker to pledge securities for margin trading etc.

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  4. 4. I want to convert my physical shares certificate into electronic form. What is the procedure to do it? Where can I get the Indiabulls Securities Dematerialisation Request Form?

    You can get Indiabulls Securities Dematerialisation Form by visiting the branch office. You can also download it from the website. The forms are available in CustomerCare>'Downloads' on the website.

    The process to dematerialize physical securities into electronic form is simple.

    Steps to dematerialize physical shares-

    1. You have to fill a Dematerialisation Request Form and submit it. You also need to attach physical certificates of the shares with the form. You can submit the DRF form to the branch office or send it to the address mentioned in the form. You need to submit separate forms for each company.
    2. Indiabulls will submit the certificates of the shares to the company registrar. After dematerialization of the certificates, the Registrar updates the accounts. It also informs the depository of the completion of dematerialization.
    3. The depository will then credit the Dematerialized shares in your Demat account.

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  5. 5. Do I need to maintain a minimum number of securities in my Indiabulls Demat account?

    No, there is no such need. You can hold any number of securities or keep it empty as per your trading needs.

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  6. 6. What is Delivery Instruction Slip with Indiabulls?

    A DIS is a form used to get shares transferred from one Demat account to another. You can use it to transfer shares within the same Depository or to another Depository.

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  7. 7. I want to close my Indiabulls Demat account. How to do it? Where can I get the Indiabulls Securities Demat Account Closure Form?

    You can close your Demat account anytime you wish. The process to close the Demat account is simple-

    1. Get 'Indiabulls Securities Demat Account Closure Form' from the branch office. You can also download it from the website at Customer Care>>Downloads.
    2. Fill the form. Submit it along with documents like unused DIS, and a copy of ledger. You can also submit the form to a branch office near you or send it to the company address

    Discuss this question

Information about Indiabulls demat account, Indiabulls demat account review, Indiabulls demat account charges, Indiabulls demat account opening, Indiabulls dp charges, Indiabulls demat charges, and Indiabulls dp id.

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Information on this page was last updated on Tuesday, October 1, 2019


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