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, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the ProStocks Demat Account Opening Charges and ProStocks AMC as below:
|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|
|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)|
|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|
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