Unlimited Trading @ Rs 899 per month - Prostocks

ProStocks Demat Account Charges, Review, Opening

13.58% 2,718 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 Acct Opening Fee

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:

  • ProStocks DP Account Opening Fee: ₹0 (Free)
  • ProStocks DP Account AMC: ₹0 per year (Lifetime Zero AMC)
  • Share Debit Transaction Fee: ₹8 + ₹5.50 CDLS Charges
  • Is demat account mandatory?: No

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

Information about ProStocks demat account, ProStocks demat account review, ProStocks demat account charges, ProStocks demat account opening, ProStocks dp charges, ProStocks demat charges, and ProStocks dp id.

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Information on this page was last updated on Wednesday, October 9, 2019


1. KDB  Dec 5, 2016 20:14 Reply
Can I transfer my icici direct demat shares to prostocks demat?
Team ProStocks
2.1. Team ProStocks  Dec 5, 2016 20:21

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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