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SAS Online Account Opening Enquiry
Pay Rs 999 per month for unlimited trading or flat Rs 9 per Trade. Open Instant Demat Account and start trading today.
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 FactsA 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 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
To open a new Demat account with SAS Online, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 200 |
| Demat Account Annual Charges (AMC) | Rs 200 |
SAS Online trading and demat account opening charges are Rs 200. SAS Online charges Rs 200 per year demat account AMC. SAS Online demat debit transaction charge of Rs Rs 9 per debit instruction + depository charges at actual per debit transaction.
| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 200 |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) | Rs 9 per debit instruction + depository charges at actual |
| 4 | Annual Maintenance Charges (AMC) | For Individual - Nil |
| 5 | Demat + Courier charges | Rs 2 per certificate + courier charges of Rs 35 per demat request for every 500 grams |
| 6 | Remat | Rs 25 per certificate or 0.05% of the value whichever is higher + Depository charges at actuals |
| 7 | Pledge Creation | Rs 50 per transaction |
| 8 | Pledge Creation Confirmation | |
| 9 | Pledge Invocation | Rs 50 per transaction |
| 10 | Failed Transactions | Rs 30 per transaction |
| 11 | Other Charges |
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This is a limited-time offer. Open Instant Demat Account and start trading today.
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.
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 Rs 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.
A transfer of Demat accounts between the two depositories- NSDL and CDSL is called an inter-depository transfer.
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.
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 Rs 15 on credit and debit of shares.
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.
SAS Online Account Opening Enquiry
Pay Rs 999 per month for unlimited trading or flat Rs 9 per Trade. Open Instant Demat Account and start trading today.
Information on this page was last updated on Wednesday, March 22, 2023
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