Tradejini Demat Account Charges, Review, Opening

Tradejini Demat Account Opening Charges

To open a new demat account with Tradejini, 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.

Tradejini Depository Service Charges for Resident Retail Customers

1. 1. What is Tradejini Demat Account?

   A demat account is an online depository like a bank account. Securities like shares, mutual funds etc., are held in the electronic form. Like a bank account, you will get a unique number. Securities bought by you are credited in this account and are debited when sold.

   The Demat accounts are managed by national depositories, NSDL and CDSL. Tradejini, only act as an intermediary between the depositories and the customers.

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2. 2. What is PoA for Tradejini Demat account? Why is it required?

   A power of attorney or POA is a limited objective permission from you to the broker. It gives some account related rights to your broker in relation to your demat account. The rights include the authority to debit, credit, block and pledging of securities.

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3. 3. Is it mandatory to open a demat account along with a trading account in Tradejini?

   If you wish to trade only in F&O (Equity, Commodity or Currency), then a demat account is not required. You can trade in F&O by opening only a trading account.

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4. 4. Why my bank account is linked to my demat account in Tradejini?

   It is mandatory to link your bank account information with your demat account. It is because securities earn bonus and dividends. This money is deposited in the bank account.

   You can change the bank account linked to your demat account anytime by submitting a request.

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5. 5. Who can open a demat account with Tradejini?

   Any Individual (adult or minor), is eligible to open a demat account. Corporate and Government bodies can also open demat accounts with the company.

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6. 6. Can I open Minor Demat Account with Tradejini?

   Yes, you can open a minor demat account. But, minor accounts need a legal guardian, who will manage the account until the minor is 18 years old.

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7. 7. Can I open a joint demat account with Tradejini?

   Yes, a joint demat account can be opened. A maximum of 3 joint holders is allowed in a demat account.

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8. 8. How do I change my personal information in the demat account of Tradejini?

   You can change personal details like address, mobile number and bank details. To change your personal information, you need to-

   • Download the modification form by visiting Downloads>Forms in the website.
   • Print the form. Fill the required information and send it to the company address.

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9. 9. I already have a Demat Account with another broker. Do I need to open another Demat Account with Tradejini? Can I use both Demat Accounts?

   Yes, you can use both the Demat accounts. You don't need a Demat account if you wish to trade only in Futures and Options. But to trade in shares and currency, you need to open a demat and a trading account with Tradejini.

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