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Wisdom Capital Demat Account Charges, Review, Opening


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Wisdom Capital offers Demat account services to customers through its membership with NSDL. A Demat account is a compulsory account in India to hold securities in dematerialized form. Like a bank account safeguards money, Demat account also holds your securities safe.

Depository services are one of the important services provided by Wisdom Capital. Demat Account services are part of Wisdom Capital's 2-in-1 account opening which offers the trading and Demat account for uninterrupted transactions. Demat account data is updated regularly based on security purchase and sale transaction.

Wisdom Capital offers free Demat account opening facility along with the reliable trading platforms. Customers can open online Demat and trading account with a flat brokerage plan offered by Wisdom Capital.

Key Features of Wisdom Capital Demat Account

  • Keeps securities safe in the dematerialized format
  • Interest and dividends are directly credited in the Demat linked account
  • Can transfer shares easily
  • Access the holdings in the Demat account from anywhere
  • Can pledge against shares for loans
  • Reduce the risk of payment delays, fake securities purchase and theft
  • Bonus and splits are credited in the Demat account directly

Open Demat Account with Wisdom Capital

Wisdom Capital is a depository participant (DP) with NSDL to offer dematerialized services. You can open demat account online as well as offline-

  • Request Online Account Opening
  • Request Offline Account Opening

Open Wisdom Capital Demat Account Online

The wisdom capital online account Opening process is simplified with online submission of required documents. To open wisdom capital demat account, you need to be KYC registered. Here are steps to online demat account opening-

  1. Mail scanned copies of the documents to the email id given on the website
  2. When the RM (Relationship Manager) fills the form, you need to validate the OTP
  3. Once form is completely filled, the documents will be verified.
  4. E-sign by validating the OTP sent to your mobile phone

Open Wisdom Capital Demat Account Offline

Here are the steps to open Demat account:

  • Send scanned copies of KYC documents (consisting DP-investor agreement) to the broker
  • The broker will fill the details and send the form in your email-id
  • Take a printout of the form
  • Attach a passport size photograph and sign in mentioned places
  • Send the form to the address mentioned in the form

Wisdom Capital DP Debit Transaction Charges

Wisdom Capital charges ₹14 per debit transaction when you place a sell order. For placing an offline order, it will charge ₹20 per executed order. For Lifetime Demat maintenance, Wisdom Capital charges ₹999. Although, the broker doesn't charge for trading account maintenance cost.

Documents Required to Open Demat Account

Here is the list of documents required to open a demat account:

  1. Address Proof
  2. Identity Proof
  3. Bank Account Proof
  4. PAN Card
  5. Passport Size Photographs
  6. Proof of Income (Copy of ITR Acknowledgement) to trade in F&O segment

Wisdom Capital Demat Account Opening Form PDF

The demat account opening form PDF is not available on the website. You can request a Soft copy via email or get a hard copy through courier.

Wisdom Capital Demat Account Opening Charges

To open a new demat account with Wisdom Capital, 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.

ServiceCharges
Demat Account Opening Fee₹0 (Free)
Demat Account Annual Charges (AMC)₹999 (Lifetime)

Wisdom Capital Demat Account Charges

Wisdom Capital Depository Service Charges for Resident Retail Customers

SrNormal SchemeCharges
1 Account Opening Charges Nil
2 Account Maintenance Charges ₹250 p.a. or ₹700 Lifetime
3 Dematerialisation charges ₹3 per certificate + Courier charges
4 Rematerialisation charges ₹15 per request + ₹30 Courier charges
5 Transaction charges (Debit) ₹10 per Instruction
  Transaction charges (Credit) Nil
6 Pledge Creation ₹25 per Instruction
7 Pledge Closure ₹25 per Instruction
8 Pledge Invocation ₹25 per Instruction
9 Instruction Book ₹15 per book (10 leaves)
10 Rejection Charges ₹15 per instruction
11 Non - periodic statement ₹5 per page

Frequently Asked Questions

  1. 1. How much time it takes to open a demat account online?

    For online demat account opening, you need to take the following steps-

    • Mail scanned copies of the documents to the email id given on the website
    • When the RM (Relationship Manager) fills the form, you need to validate the OTP
    • Once the form is completely filled, the documents will be verified
    • E-sign by validating the OTP sent to your mobile phone

    After E-sign, it takes 2 hours to activate the account.

    Discuss this question

  2. 2. What are the demat account opening charges with Wisdom Capital?

    Wisdom Capital offers free Demat account opening to customers. The account can be opened online which provides hassle-free Demat account opening facility. Wisdom Capital charges zero transaction fee for the transactions providing the upper hand to other brokers.

    Discuss this question

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Information on this page was last updated on Tuesday, September 24, 2019


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