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Motilal Oswal Demat Account Charges, Review, Opening

39.82% 788,629 Clients

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.

Motilal Oswal Demat Account Opening Charges

To open a new Demat account with Motilal Oswal, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Demat Account Opening FeeRs 0
Demat Account Annual Charges (AMC)Free (Rs 400 2nd year onward)
Special Offer: Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer

Motilal Demat Charges

Particulars Charges
Scheme name AMC Scheme
Account Maintenance Charges (AMC) Rs 550
Account Administration Charges (AAC) Rs 199
Advance Rs 0
Demat Transaction Charges - Within MOFSL (Sell only) Rs 30 or 0.03% (whichever is higher)
Demat Transaction Charges - Outside MOFSL (Sell only) Rs 40 or 0.04% (whichever is higher)
Dematerialisation (In all schemes) Rs 50 per request + Rs 50 per certificate
Rematerialisation Rs 35 per certificate
Pledge, Unpledge, Closure, Invocation Rs 35 or 0.02% (whichever is higher) per ISIN request

Note: Few other demat account scheme's are available.

Motilal Oswal Special Offer

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

Contact Motilal Oswal / Request Call Back

Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer

Information on this page was last updated on Monday, January 27, 2020


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