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Bonanza Vs Sykes Ray Demat Account Comparison

The side-by-side comparison of Bonanza and Sykes Ray Demat Account. Compare Bonanza Vs Sykes Ray Demat account charges, AMC and Fees. Read Sykes Ray and Bonanza demat account review.

Find out Bonanza Vs Sykes Ray which is better demat account and Bonanza Vs Sykes Ray which is best demat account.

Our Bonanza Portfolio Ltd demat account comparison with Sykes & Ray Equities (India) Limited highlights the major differences between two brokers. Find the best demat between Bonanza and Sykes Ray.

Bonanza Vs Sykes Ray

  Bonanza Portfolio Ltd Sykes & Ray Equities (India) Limited
Bonanza Portfolio Ltd Logo
About the Broker

Bonanza Portfolio Ltd. offers financial services including stock broking and distribution of financial products to retail customers. Bonanza Portfolio has 1842 outlets across 674 cities in India. The broker also provides trading ideas, daily market strategy, monthly updates, investment ideas, daily derivative strategy, weekly newsletter etc. for equity trading. Bonanza has membership in NSE, BSE, MCX, MCX-SX, CDSL, NSDL, ICEX and USE etc.

Sykes & Ray Equities (I) Ltd. is also a member of BSE & NSE and serving retail clients in Capital Market since last 25 years.

DP ID 12033500 12018600
Contact Info

Plot No M-2, Walbhat Road,
Cama Industrial Estate, Goregaon (East),
Mumbai Maharashtra India-400063

3Rd Flr, Plot 24/26, Cama Building, Dalal Street Bse, Fort Mumbai Maharashtra India-400001

Services Offered Trade in equity, derivatives, commodity, currency derivative, distribution of Mutual Funds and IPO, Portfolio Management Services, Mutual Fund Investments, Health Insurance, Real Estate, Loans, Investment Banking, Wealth Management and Depository Services.

Financial Planning, Broking, Research, Online Internet Trading, DP Services

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Bonanza Vs Sykes Ray Demat Account Opening Charges

  Bonanza Portfolio Ltd Sykes & Ray Equities (India) Limited
Demat Account Opening Fee

Rs 400

Actual cost of stamp paper and charges of K.R.A.

Demat Account AMC
  • Individual Account: Rs 250 p.a.
  • Corporate Account: Rs 1000 p.a.

Lifetime DP charges (including AMC & A/C opening): Rs 999 one time

Rs 295 p.a. for individual. Plus actual CDSL charge for Corporate a/

C.

Advance Deposit

AMC Free Scheme (999 Scheme): Rs 999 one time

Nil

Bonanza Vs Sykes Ray Demat Charges

  Bonanza Portfolio Ltd Sykes & Ray Equities (India) Limited
Dematerialisation Charges
  • Normal Scheme: Rs 3 per certificate plus courier charges extra
  • 999 scheme: Rs 25 per certificate plus courier charges extra

Rs 50 plus Rs 50 upto 10 certificate and thenafter Rs 5 per certificate.

Rematerialisation Charges

Rs 15 per 100 securities or part therof or Rs 15 per certificate whichever is higher

0.02% of value, Minimum Rs 40 per certificate. Plus actual CDSL charge for remat confirmation.

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)

Rs 12

(a) 0.04%of value of OnMkt or Early Payin transaction (Minimum Rs 24 ) executed under PoA to SREIL (broker)and (b) 0.05% of value of trx. or Min. Rs 48 for any other debit transaction executed on DIS.

Pledge Creation Charges

100 or 0.01% whichever is higher

0.02% Minimum Rs 50 per pledge trx.

Pledge Creation Confirmation Charges

Nil

Nil

Pledge Invocation Charges

Nil

0.02% Minimum Rs 50

Failed Instruction Charges

Nil

Nil

Other Charges
  • Late Transaction: Rs 10 per transaction in all schcmes except 999. Rs 25 per transaction in 999
  • Dishonoured cheque: Rs 100 per Instance. In 999 scheme Rs 200 per instance.
  • Additional statment of a/c Rs 25 & Rs 50 qtr.& ann. respectively.
  • Extra DIS book: Rs 35 Rs 50 for 999 scheme.
  • Lost DIS book: Rs 70 Rs 100 for 999 scheme.

Contact DP / Request A Call Back

  Bonanza Portfolio Ltd Sykes & Ray Equities (India) Limited
Contact broker for Demat Account related enquires:
  Bonanza Portfolio Ltd Sykes & Ray Equities (India) Limited
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Demat Account Related Abbreviations

  • Demat: Demat Account is an online account to hold the shares in electronic form. They are similar to bank account used to hold money.
  • BSDA: Basic Service Demat Account, a type of account which offers limited services at reduced costs.
  • PoA: Power of Attorney, a legal document giving authority to broker to settle the trades though holding in clients demat account.
  • DIS: Delivery Instruction Slip, Similar to conventional cheque book for demat account. Its is used offline demat account transactions.
  • DPC: Delayed Payment Charges
  • Dematerialisation: Process to converting physical certificates to electronic form.
  • Rematerialisation: Process of converting electronic shares to physical certificates.
  • NSDL: National Securities Depository Limited, the 1st central securities depository. It offer services to hold shares in electronic form on behalf of the customer.
  • CDSL: Central Depository Services (India) Limited, the 2nd securities depository. It also offers service to hold shares in electronic form.



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