Motilal Oswal Demat Account Charges, Review, Opening

Motilal Oswal Securities ltd is subsidiary of Motilal Oswal Group, a Mumbai based diversified financial service provider.

Motilal Oswal Securities Ltd (MOSL) offers Stock Trading, Commodity Trading, Currency Trading, Depository Services, Mutual Funds, IPO, Bonds etc. services. MOSL offers these services to customers including Retail Customers, High Net worth Individuals HNI, Foreign Institutional Investors FII, Financial Institutions and Corporate Clients.

As of Nov 2016, Motilal Oswal group has over 7.5+ lakhs customers. Company has presence in 500+ cities across India though a network of over 2200+ branches.

Motilal Securities offer 2-in-1 accounts which includes trading account and a demat  account.

Motilal Oswal Securities Depository Services (Demat Account) offers DP services through National Securities Depository Ltd (NSDL) and Central Depository Services Limited (CDSL). Motilal Oswal Securities became the Depository Participant of NSDL and the Depository Participant of CDSIL in year 2000.

Motilal Oswal Demat Account Key features

1. Eight different demat account schemes to suite customers need. Customer has to choose between higher transaction (trx) charges or Annual Maintenance Change (AMC). It's possible to switch between schemes anytime.
2. Get Lifetime Free AMC Demat Account with only transaction scheme (Scheme A - YR081). Customer has to pay higher transaction charges (Rs 30 per transaction) in this scheme.
3. In case of AMC scheme pay-in transaction for shares sold within MOSL are free.
4. Dividends credited automatically in linked bank account.
5. Hold shares and mutual funds in the same demat account.
6. Customer services through local branches, sub brokers and franchises.
7. Facility to convert physical share certificate to demat through branches.

Motilal Oswal DP Account Additional Charges

1. Interest is charged, if the bills are not paid by due date.
2. Any extra statement is charged at Rs 25 per statement for one page and thereafter at Rs 2 per page.
3. Pledge Creation/Closure/Invocation is charged at Rs 35 per request.
4. Dematerialisation: Rs 50 per request + Rs 50 per certificate
5. Rematerialisation: Rs 35 per certificate or per 100 shares and part thereof whichever is higher and Rs 25 per Request of SOA/Redemption.

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Information on this page was last updated on Sunday, October 30, 2022