Sharekhan Demat Account Charges, Review, Opening

Sharekhan Demat Account Opening Charges

To open a new demat account with Sharekhan, the customer may have to pay demat account opening charges. The broker may also charge Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.

Sharekhan Depository Service Charges for Resident Retail Customers

1. 1. What is Sharekhan demat account?

   Sharekhan offers a 2-in-1 account combining a trading account and a demat account. The Sharekhan demat account allows customers to hold securities (shares, mutual funds) in electronic format for secure and easy online transactions.

   Sharekhan is a depository participant (DP) with both depositories CDSL and NSDL. The membership allows it to offer a demat account opening and its servicing.

   Key Features of Sharekhan Demat Account are:

   • Online access to your demat account.
   • Automatic credit/debit of securities.
   • Automatic deposit of dividends, bonus etc., in the linked bank account.
   • Facility to link 5 demat accounts to the trading account.
   • Hold stocks, mutual funds, IPO shares and bonds etc.
   • Alerts on every debit/credit transaction

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2. 2. How to open demat account with Sharekhan?

   You could open a Sharekhan account in 2 ways:

   1. Request a Call Back

      Click here to fill a callback request form. You will receive a call from Sharekhan in few minutes. The customer representative will answer all your questions and help you with account opening.

   2. Visit Local Branch Office

      Sharekhan has local branch offices and franchises in many cities across India. To open account in-person, follow the below step:

      • Go to https://stockbroker-branch.sharekhan.com/
      • Enter state, city and locality
      • Click on the Sharekhan icon nearest to your location and get details on branch office/sub-broker
      • Call them and express interest to open an account
      • A representative will visit you in-person to complete the process.

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3. 3. Is Sharekhan a depository participant?

   Yes, Sharekhan is an authorized depository participant (DP). Sharekhan offers a 2-in-1 account which includes demat and a trading account. The demat account allows you to hold securities (Shares, Mutual Funds, ETF, Bonds etc.) in electronic format for secure online transactions.

   Sharekhan is a member of both NSDL and CDSL depositories. Sharekhan offers a demat account and its related services through its membership with NSDL and CDSL.

   The Sharekhan DP IDs are:

   • NSDL DP ID: IN300513
   • CDSL ID: 12036000

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4. 4. How is Sharekhan Demat Account?

   Sharekhan demat account is good. It is among the leading full-service stock brokers in India for over 20 years. It has a nation-wide presence through a network of branches and franchise offices. It offers personalized services through RM, research and recommendations.

   Sharekhan is an authorized stock broker offering a range of investment and trading services to the investor. Sharekhan is also a depository participant (DP) with NSDL and CDSL, the two national depositaries.

   Sharekhan offers a 2-in-1 account which includes a trading and a demat account opened and linked together for seamless transactions. This account allows you to trade at BSE, NSE and MCX exchanges in Equity, Commodity and Currency. It also allows you to invest in Mutual Funds, Bonds and ETFs etc.

   Sharekhan offers demat and trading account services online as well as offline. You could manage your accounts online through the Sharekhan website or its mobile trading app.

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5. 5. What is Sharekhan DP?

   Sharekhan is a depository participant (DP) with both depositories NSDL and CDSL. The customer chooses the depository at the time of account opening. While both are pretty same, the NSDL changes are higher than CDSL.

   Sharekhan DP Ids

   • NSDL DP ID: IN300513
   • CDSL ID: 12036000

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6. 6. How to use Sharekhan demat account?

   Sharekhan is a leading full-service stock broker offering investment in Stock Markets and Mutual Funds. Sharekhan offers its services online as well as offline through branch offices.

   Once you've opened a Sharekhan demat account, you can use it to invest, trade and hold all the shares, mutual funds, IPO shares and bonds etc.

   • Trading: Your Sharekhan account can be used to trade at BSE, NSE and MCX. You could trade online using the Sharekhan website or mobile app. You could also visit the Sharekhan branch or call them to place orders.
   • Mutual Funds: You could buy regular or direct mutual funds using your Sharekhan account.
   • IPOs: You could also use the Sharekhan account to apply for an IPO.

   Note that you are required to link your Sharekhan demat account with a bank account. All the gains from the securities held in the account like bonuses, dividends etc., will be automatically credited to your bank account.

   Sharekhan will send SMS/email for every credit/debit transaction in your demat account.

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7. 7. Sharekhan is NSDL or CDSL?

   Sharekhan is a depository participant (DP) of both NSDL and CDSL depositories. This dual membership allows Sharekhan customers to choose from any one of them while opening the account.

   Sharekhan DP Ids

   • NSDL DP ID: IN300513
   • CDSL ID: 12036000

   For the customer, an account with NSDL or CDSL doesn't make much difference. NSDL and CDSL are the only two governments authorized depositories in India. NSDL is promoted by NSE, IDBI and UTI. CDSL is promoted by BSE, Standard Chartered Bank, HDFC Bank and Canara Bank.

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