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SAS Online Demat Account Charges, Review, Opening


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SAS Online started its online discount brokerage services in 2013. It offers trading in equity, F&O, commodity, and currency across NSE, BSE, and MCX. It also offers Demat Account and Mutual Fund services to customers.

SAS Online is an online stock broker service of South Asian Stocks Ltd and SASS Online Commodities Pvt Ltd.

SAS Online is a depository participant with NSDL (National Securities Depository Limited). It offers demat account and related services to its customer. SAS Online offers 2-in-1 account wherein a Demat account and a trading account is opened at once.

SAS Online Facts
  • Offer broking services across NSE, BSE, and MCX
  • SEBI registered depository participant of NSDL
  • 20,000+ Customers and daily turnover of ₹7000+ Cr as of Nov 2018
  • 2 different pricing plans; per trade flat rate and fixed monthly plan
  • Offer saving of up to 90% in brokerage fees
  • Trading platform - ALPHA by Tradelab and NEST by Omnesys

About Demat Account

A demat account is an online repository of securities (shares, mutual funds, bonds etc.). When you buy shares, the shares credited into your demat account and debited when you sell it.

Demat account works in a similar way as a bank account. Instead of money, the demat account holds equity shares of the company, mutual funds, bonds etc.

India has two government approves and regulated central depositories; NSDL and CDSL. They manage the Demat accounts for all the brokers. A stockbroker has to become a participant, called Depository Participant (DP), to offer Demat account services. The role of a broker is limited to acting as an intermediary between the depositories and the customers.

A Demat account is mandatory to trade/invest in the equity delivery segment, IPOs, and Mutual Funds. It holds all your securities stocks, mutual funds etc., in digital format.

SAS Online Demat Account

SAS Online is the depository participant (DP) of NSDL (National Securities Depository Limited). NSDL and CDSL are among the two designated depositories who manage Demat accounts. Brokers registered with these two depositories act as an intermediary between the customers and the depository.

The Demat Account is opened with the central depository and not with the broking company. The central depositories charge a fee for every Demat transaction i.e. credit or debit of securities. Brokers only charge account opening and account maintenance charges (AMC).

SAS Online DP Membership Information

  • SAS Online DP ID: IN306122
  • SAS Online NSDL - SEBI Registration Number: IN-DP-NSDL-3742014
10 Reasons to open a Demat Account with SAS Online
  1. Invest online in stocks, derivatives, currency and mutual funds
  2. Facility to pledge your holdings
  3. Direct deposit of bonus, dividends etc., in your account
  4. Facility to freeze the Demat account
  5. Low Account Maintenance Charges (AMC)
  6. Online access to the Demat account
  7. Ultra-low brokerage charges
  8. Advance orders (Bracket Order, Cover Order) with higher leverage
  9. Margin against share is available for trading
  10. Margin funding is available.

SAS Online Demat Acct Opening Fee

To open a new demat account with SAS Online, 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 SAS Online Demat Account Opening Charges and SAS Online AMC as below:

  • SAS Online DP Account Opening Fee: ₹200
  • SAS Online DP Account AMC: ₹200
  • Share Debit Transaction Fee:
  • Is demat account mandatory?: No

SAS Online Demat Account Charges

SAS Online Depository Service Charges for Resident Retail Customers
IDTransactionSAS Online Charges
1 Demat Account opening charges Nil
2 Annual Maintenance charges (AMC) For Individual- ₹200
For Non Individual- ₹500
3 Transaction charges (Debit) ₹9 per debit instruction + depository charges at actual
4 Pledge Creation Charges ₹50 per transaction
5 Pledge Creation confirmation Nil
6 Pledge Closure / Closure confirmation Nil
7 Pledge Invocation ₹50 per Transaction
8 Dematerialization Charges ₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams
9 Rematerialization Charges ₹25 per certificate or 0.05% of the value whichever is higher + Depository charges at actuals
10 SLB Charges ₹25 for Security Lending & Borrowing + Depository charges separately
11 Failed or Rejected Transactions ₹30 per transaction
12 Demat Rejection Charges ₹35 per rejection for every 500 grams

FAQ's

  1. What is PoA for SAS Online Demat account? Why is it required?

    A power of attorney or POA is limited purpose permission from a trader that gives specific rights to the broker in relation to his/her demat account. It allows the broker to Debit/credit/block/ creates lien/pledge of your depository account.

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  2. Do I need to open both a trading account and a Demat account to use the services of SAS Online?

    You can open only a trading account with SAS Online and trade using its platforms. However, opening a demat account along with a trading account is desirable as it will ease out the trading process in addition to cutting down on Demat transaction charges. If you use a third party demat account linked with SAS trading account, then you will be charged demat charges of ₹15 twice, once when shares are credited and secondly when they are debited. With a SAS Demat account, you will have to pay Demat charges only once when the shares are debited on selling.

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  3. What is an Inter DP transfer with SAS Online?

    A transfer of Demat accounts between the two depositories- NSDL and CDSL is called an inter-depository transfer.

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  4. Why does my SAS Online bank account need to be linked to my Demat account?

    Securities like Shares, Mutual Funds etc., held in the Demat Account earn dividends and bonuses. The trading money, on selling also needs to be credited to a bank account. For this purpose, a bank account is linked with the Demat Account.

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  5. Can I sell shares held in my other Demat account through my Trading Account with SAS Online?

    Yes, you can sell shares held in your other Demat account through SAS's trading account. However, you will have to pay Demat Transaction charges of ₹15 on credit and debit of shares.

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  6. I already have a Demat Account with another broker. Do I need to open another Demat Account with SAS Online? Can I use both Demat Accounts?

    Yes, you can use both the Demat accounts. You can use your existing Demat account but it is advisable that you open another Demat account with SAS Online. This will smooth your trading experience as well help you reduce your trading costs.

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  7. What are the Account Maintenance Charges (AMC) charges SAS Online for the Demat Account?

    SAS Online charges AMC of ₹200 + GST per year.

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

Contact SAS Online / Request Call Back

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Read more about SAS Online

  1. Contact SAS Online for trading & demat account.
  2. Office Address: 3rd Floor, Building No. 5, Local Shopping Complex, Rishabh Vihar, Near Karkarduma Metro Station, East Delhi 110092


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