Free Trading + Demat Account

Indiabulls Demat Account Charges, Review, Opening


-2.77% 44,170 Clients

Indiabulls Ventures is one of the popular broking services in India. Earlier known as Indiabulls Securities, the company is part of the Indiabulls group. Indiabulls shares are listed in BSE and NSE.

Indiabulls Securities offer trading services in NSE, BSE, MCX. The commodity services are offered by its subsidiary Indiabulls Commodities Ltd. Customers of the company can trade online or visit the branch office to get help in trading.

Indiabulls Ventures is a depository participant with the NSDL and CDSL. The company's depository services allow its customers to trade smoothly. They can use the trading account to trade and the Demat account to settle their trades. The Demat account is also useful in holding other securities like Mutual Funds, IPO and Bonds etc.

Key Facts about Indiabulls Ventures

  • Depository participant with NSDL and CDSL
  • Offers Instant Demat Account Opening
  • Over 6 lakh customers spread across India
  • Over 90,000 crore yearly turnover
  • 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 Rs 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 Securities Demat Charges

Indiabulls Brokerage Rates

Sr No

Particulars

Charges

1

Account Opening Charges

NIL

2

Annual Maintenance Charges

₹450

3

DEMAT /Conversion

₹5 per certificate/unit + ₹50 courier charges

4

Pledge : Creation/Confirmation/Closure/Invocation

₹35 or 0.02% of the transaction value (whichever is higher)

5

Delivery Instruction Book

NIL

6

Custody Charges

NIL

7

Transaction Charges (Buy)

NIL

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: NIL
  • Indiabulls DP Account AMC: ₹450 (Free for 1st Year)
  • Share Debit Transaction Fee: 0.02% or ₹15 whichever is higher
  • Is demat account mandatory?: No

Indiabulls Demat Account Charges

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

FAQ's

  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. 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. 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.

    Discuss this question

  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. 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. 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. 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 Monday, June 17, 2019


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