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Motilal Oswal Demat Account Charges, Review, Opening

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Motilal Oswal Securities Ltd is a subsidiary of Motilal Oswal Group, a Mumbai-based diversified financial service provider. The company offers financial services such as - Stock Trading, Commodity Trading, Currency Trading, Depository Services, investment in Mutual Funds, ready-made portfolios and stock baskets, IPO, Bonds etc. Along with these services, the company is renowned for its research, which has helped them gain a spot amongst the best stockbrokers in India. These services are availed to customers including Retail Customers, High Net worth Individuals (HNI), Foreign Institutional Investors (FII), Financial Institutions and Corporate Clients.

As of Nov 2023, Motilal Oswal Group has over 50+ lakh customers and is present in over 500 cities across India through a network of over 2200 branches.

Motilal Oswal offers a 2-in-1 Demat account that includes Trading and Demat accounts.

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 CDSL in the year 2000.

Motilal Oswal Demat Account Key features

  • 2-in-1 Demat and Trading Account
  • Lifetime Free AMC
  • Lifetime Free Equity Intraday Trading
  • Access to expert 8000+ research reports
  • Daily Expert Fundamental and Technical picks
  • Dedicated personal advisor for investment and trading assistance
  • Early access to India's First Investor Network - StoCoMo
  • Equity Brokerage charges at - 20% for Equity Delivery, 02% for Intraday Futures, Rs 20 per lot for Equity and Currency Options
  • Commodity brokerage charges at - 02% for Futures and Rs 200 per lot for Options

Motilal Oswal DP Account Additional Charges

  • Pledge Creation/Closure/Invocation is charged at Rs 35 per request.
  • Dematerialisation: Rs 100 per request + Rs 50 per certificate.
  • 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)Rs 199 (Free for 1st Year)

Motilal Oswal Demat Charges

Motilal Oswal trading and demat account opening fees are Rs 0 (Free). Motilal Oswal charges Rs 199 (Free for 1st Year) per year demat account AMC. Motilal Oswal demat debit transaction fee of 0.025% or Rs 30 per debit transaction.

ID Transaction Charges
1 Demat Account Opening Charges Rs 0 (Free)
2 Transaction Charges (Buy)
3 Transaction Charges (Sell) 0.025% or Rs 30
4 Annual Maintenance Charges (AMC)

Rs 199 (Free for 1st Year)

5 Demat + Courier charges

Rs 100 per certificate + Rs 50 per certificate

6 Remat

Rs 35 per certificate or per 100 shares and part thereof which ever is higher + 25 courier charges

7 Pledge Creation

Rs 35 or 0.02% (whichever is higher) as per ISIN request

8 Pledge Creation Confirmation


9 Pledge Invocation

Rs 35 or 0.02% (whichever is higher) as per ISIN request

10 Failed Transactions


11 Other Charges

Demat Rejection: Rs 50 per request

Motilal Oswal Special Offer

FREE Account Opening (for a limited time only)

  • Get FREE Account Opening,
  • Free Intraday Trades,
  • Free F&O brokerage for 1st Month,
  • FREE Personal Advisor and Research,
  • FREE for 1st Year Demat AMC.

This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes.

Frequently Asked Questions

  1. 1. Is Motilal Oswal NSDL or CDSL?

    Motilal Oswal is a stock brokerage firm operating in the Indian market. The company is registered with both CDSL and NSDL. These are the two central securities depositories.

    Customers can choose either of the two depositories while opening their demat account with Motilal Oswal.



  2. 2. How is Motilal Oswal Demat account?

    A demat account is an online account that contains the details of all your securities holdings and manages them in their dematerialized form.

    Motilal Oswal offers reliable and fast services related to stock trading, including the quick opening of a Demat account. The Motilal Oswal Demat account is a secure account for the safekeeping of your securities. The account comes with the trust of a trusted stockbroker. Some of the features of the Demat account are:

    • Low risk and easy holding of securities in digital form
    • Safe and secure mode
    • 2-in-1 account feature
    • No annual maintenance costs for the demat account
    • No need for a separate account for different securities
    • Convenient customer service through local branches



  3. 3. How to close Motilal Oswal demat account online?

    If these two points are met, traders can proceed directly to closing their account:

    1. You should have Zero outstanding or underlying securities in the account,
    2. There should be no outstanding or negative balance.

    If you have some securities in your demat account, first transfer them to another Demat account and then close the account.

    To close a Demat account online, follow these steps:

    1. First, transfer the stock from the current depository participant to the new account. A receipt from DIS is required for this.
    2. Fill out the form to transfer the securities, providing the relevant details and names of the stocks you wish to transfer and their ISIN.
    3. Submit the form along with the attached documents in physical form to the DP or mail it if this option is available.
    4. Before closing the account, make sure it does not have a negative balance. Pay all outstanding balances for the demat account.



  4. 4. How to deactivate Motilal Oswal demat account?

    To deactivate or close Motilal Oswal Demat account:

    1. If you have shares or other securities in your demat account, you will need to sell or transfer them to another account.
    2. Fill out the DIS slip to transfer the securities to another demat account.
    3. Clear all the dues or pending charges against the Demat account.
    4. Download the Demat Account Closure Form from the website. Take out a print of the same.
    5. Fill in the details accurately and attest to the required documents. Ensure that all the information provided and supported documents are correct.
    6. Send the Application form in a physical copy to the office of Motilal Oswal.
    7. There should not be any negative balance in the Demat account when applying for account closure.



  5. 5. How to add nominee in Motilal Oswal demat account?

    One can add nominee names through the account opening forms while opening a Demat account. Nominee names can also be added, altered, or removed at a later stage by submitting an Annexure 1A form.

    The account representative may add 3 nominees to the same demat account. If there is only one nominee, all securities will be transferred to him/her. If there is more than one nominee, the beneficiary of the account can decide whether the securities in his/her account should be distributed proportionally.

    Adding a nominee is not mandatory, but it is advisable to add it. It saves trouble in many situations.



Motilal Oswal Account Opening Enquiry

FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

Information on this page was last updated on Saturday, November 18, 2023

Special Offer: FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.


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