Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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15.98% 177,541 Clients
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Incorporated in 1996, SMC Global is a Delhi based financial services company. SMC Global is a full-service broker. It offers stock, currency, commodity and derivative trading services at BSE, NSE, MCX, NCDEX and MCX-SX. Trading is offered online, offline in branches and through a centralized call & trade facility.
SMC Global is also a depository participant with Central Depository Services (India) Limited (CDSL), National Securities Depository Limited (NSDL) and Comtrack. Through its membership with the central depositories, SMC Global offers Demat services.
SMC Global offers a 2-in-1 account to its customers. It is mandatory to open a trading account along with the Demat account with the company. SMC customers can do instant fund transfers from 21 banks.
Depository Services (Demat Account) is a key offering by SMC Global. The SMC Global demat account facilitates smooth investment in Shares, IPOs, Mutual Funds, Bonds and NCDs etc.
SMC Global is the depository participant (DP) of NSDL and CDSL. SMC acts as an intermediary between the central depositories and the customers. The account is opened and managed by the central depository. SMC charges a fee from its customers for servicing the demat account. The central depository also charges a fee on each demats account transaction.
SMC Global Securities DP Membership Info:
To open a new Demat account with SMC Global, 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 499 |
| Demat Account Annual Charges (AMC) | Rs 300 |
SMC Global trading and demat account opening charges are Nil. SMC Global charges
Rs 300 per year demat account AMC. SMC Global demat debit transaction charge of Rs
per debit transaction.
| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Nil |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) |
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| 4 | Annual Maintenance Charges (AMC) |
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| 5 | Demat + Courier charges | Rs 5 Per Certificate (Rs 30 for 1st Certificate) Courier Charges Extra (Rs 25 for Local & Rs 40 for outstation courier) |
| 6 | Remat | Rs 25 (For one certificate/100 shares) Courier Charges Extra(Rs 25 for Local & Rs 40 for outstation courier) |
| 7 | Pledge Creation | Rs 60 |
| 8 | Pledge Creation Confirmation | Rs 60 |
| 9 | Pledge Invocation | Rs 30 |
| 10 | Failed Transactions | Rs 20 per instruction |
| 11 | Other Charges |
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A Demat account is a place where your securities like stocks, mutual funds etc., are stored in electronic form. It works like a bank account. When you buy shares through your trading account, the shares are credited in your Demat account. The shares get debited from the account when you sell it.
The Demat accounts are managed by two central depositories NSDL and CDSL. Brokers like SMC have to be the Depository Participant of any of the central depository to offer Demat services.
Any individual, HUF (Hindu Undivided Family), proprietary firm, or a corporation can open a Demat account with SMC.
Yes, SMC doesn't offer a Demat only service. You need to open both the accounts.
Yes, up to 3 people can be added to a Demat account. There will be one main holder and 2 joint holders in the account.
Yes, a Demat account can be opened in the name of a minor but it is operated and managed by a legal guardian.
The PoA is a limited purpose permission from you to the broker to conduct certain specific Demat activities on your behalf. The activities include Debit of securities when you sell it, pledge securities for availing a loan etc.
Securities like shares, mutual funds etc., earn dividends, bonus etc.These are directly credited to the Bank account linked with the Demat account.
SMC Demat account can be closed by submitting the account closure form to SMC Global Securities Head Office.
Steps for closing SMC Demat account are as follows:
Before submitting the account closure request, ensure that there is no negative balance or any securities left in your account.
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Information on this page was last updated on Thursday, November 23, 2023
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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