Unlimited Trading @ Rs 899 per month - Prostocks

Prostocks Demat Account Charges, Review, Opening


120% 6,000 Clients

ProStocks is India's leading discount stock broker based out of Mumbai. ProStocks offers low brokerage Equity, Equity Derivatives and Currency Derivatives trading at BSE and NSE.

ProStocks offers unique 2-in-1 account, which includes a trading account and a demat account. The 2-in-1 account offered offers seamless transactions between both the accounts.

ProStocks is member of CDLS. CDSL is one of the two public sector depositories in India offering demat services for holding securities.

No AMC Demat Account with ProStocks

ProStocks Demat Account is Rs 0 AMC account when you pay a small one time refundable deposit of Rs 1000. Most brokers in India changes Rs 600 to 1200 per year as Annual Maintenance Change.

The ZERO ACM Demat Acct is among the most popular service offered by ProStocks.

Zero Demat Account Opening Fee

The account opening fee is free with ProStocks. With free AMC and free account opening, ProStocks Demat account is cheapest demat account in India.

Is it safe to open Demat account with ProStocks?

While you open the demat account with ProStocks, like any other broker, the shares are hold by CDSL, the government own depository. The information about your holding can be obtained from CDSL any point of time.

You demat account with ProStocks is regulated (by SEBI and CDSL). It is safe like any of the broker offering demat account.

Prostocks Demat Account Opening Charges

To open a new demat account with Prostocks, the customer has to pay demat account opening charges. Brokers also charge an Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.

ServiceCharges
Demat Account Opening Fee₹0 (Free)
Demat Account Annual Charges (AMC)₹0 (Lifetime Zero AMC)

Prostocks Demat Account Charges

ProStocks Depository Service Charges for Resident Retail Customers

ID Transaction Detail Fee for POA Clients
1 Demat Account Opening Charges ₹0
2 Stamp Charges payable upfront (at actuals) ₹0
3 Annual Maintenance Charges (AMC):
  a. Individuals ₹0 (with ₹1000 one time refundable deposit)
  b. Corporates ₹0 (with ₹1000 one time refundable deposit) + ₹500 CDSL fee at actual
4 Transaction Charges per ISIN (Market Trades):
  a. Buy (Receive) ₹0
  b. Sell(Debit) ₹8 + ₹5.50 flat for every debit transaction
5 Transaction Charges per ISIN (Off Market Trades):
  a. Buy (Receive) NIL
  b. Sell(Debit) 0.02% or ₹20 whichever is higher
6 Demat (Per certificate) ₹50
7 Remat (Per ISIN) ₹50
8 Courier charges per Demat/ Remat request ₹50
9 Pledge per ISIN ₹50
10 Unpledge per ISIN ₹50
11 Pledge Invocation per ISIN ₹50
12 Periodic Statement:
  a. By Email Free
  b. Physical ₹50 (Couier Charges)
13 Adhoc / Non Periodic Statement Requests:
  a. By Email ₹10 per request
  b. Physical ₹50 per request (up to 10 pages). Additional page at ₹5 + ₹50 (Couier Charges)
14 Delivery Instructions:
  a. First Delivery Instruction Book Free (10 leaves)
  b. Every Additional Booklet ₹100 (10 leaves)
15 Cheque Bounce/ Per cheque ₹250
16 Failed Transactions ₹50 per transaction
17 Modification in CML ₹25 per request
18 KRA Upload / Download ₹50
Prostocks Special Offer
  • Trade unlimited for ₹899 per month or ₹15 per trade +
  • Lifetime Free AMC Demat Account +
  • FREE Trading and Demat Account Opening

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

Frequently Asked Questions

  1. 1. What is a lifetime AMC free Demat account at Prostocks?

    The lifetime AMC free demat account has no annual maintenance charges for life. You don't have to pay AMC fees which range from ₹600 to ₹1200 per year.

    Prostocks offer Lifetime Free AMC Demat for ₹1000 refundable security deposit. You do not have to pay AMC on this account. The deposit amount is returned to you when you close the demat account.

    More than money, it saves you from the hassle of paying the dues every 3 months.

    Discuss this question

  2. 2. Why does Prostocks charge ₹1000 deposit?

    Almost all stock brokers in India take Annual Maintenance Charges (AMC) for the demat account with them. The AMC ranges from ₹600 to ₹1200 per year and paid quarterly to the broker.

    Prostocks offer an AMC free demat account. The customer doesn't have to take the hassle to pay these charges every 3 months for life. You just pay a one-time refundable security deposit of ₹1000. The ₹1000 is refunded back to you when you close the demat account.

    This is the cheapest and most convenient demat account available in India stock market today.

    Discuss this question

  3. 3. How Prostocks refund Rs 1000 deposit?

    Prostocks offer AMC free demat account with Rs 1000 upfront refundable security deposit. The money is refunded to you when you close your demat account with Prostock. There are no questions asked or no other formalities required.

    Simply clear all dues and send the signed account closure to the Prostocks office. You will get the deposit refund in your bank account within 10 days.

    Discuss this question

Contact Prostocks / Request Call Back

Get Free Trading + Demat Account for limited time. Trade unlimited for ₹899 or ₹15/trade. Request a Callback

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Information on this page was last updated on Wednesday, November 20, 2019


1 Comments

KDB
1. KDB  Dec 5, 2016 21:14 Reply
Can I transfer my icici direct demat shares to prostocks demat?
Team ProStocks
2.1. Team ProStocks  Dec 5, 2016 21:21
Hi KDB,

Yes you can easily transfer the shares you hold in ICICI Demat Accoun to ProStocks.

There are two ways:
1. e-Instruction
This online process helps you to transfer shared in just few minutes. This facility is available on ICICIDirect website. You can find more detail about it at https://www.icicibank.com/Personal-Banking/demat/e-Instruction.page

2. Submitting Offline Transaction DP Slip
You could also fill the DP slip and submit it in the ICICI Bank branch for offline transfer of shares to ProStocks.

Hope this helps.
Team ProStocks




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