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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.
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.
The account opening fee is free with ProStocks. With free AMC and free account opening, ProStocks Demat account is cheapest demat account in India.
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.
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.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | ₹0 (Free) |
| Demat Account Annual Charges (AMC) | ₹0 (Lifetime Zero AMC) |
| 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 |
This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.
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.
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.
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.
Get Free Trading + Demat Account for limited time. Trade unlimited for ₹899 or ₹15/trade. Request a Callback
Information on this page was last updated on Wednesday, November 20, 2019
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