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Aditya Birla Money Vs India Advantage Demat Account Comparison

The side-by-side comparison of Aditya Birla Money and India Advantage Demat Account. Compare Aditya Birla Money Vs India Advantage Demat account charges, AMC and Fees. Read India Advantage and Aditya Birla Money demat account review.

Find out Aditya Birla Money Vs India Advantage which is better demat account and Aditya Birla Money Vs India Advantage which is best demat account.

Our Aditya Birla Money Ltd demat account comparison with India Advantage Securities Private Limited highlights the major differences between two brokers. Find the best demat between Aditya Birla Money and India Advantage.

Aditya Birla Money Vs India Advantage

  Aditya Birla Money Ltd India Advantage Securities Private Limited
Aditya Birla Money Ltd Logo
About the Broker

Aditay Birla Money Ltd (formerly known as Apollo Sindhoori Capital Investments) deals into equity and derivatives market through BSE and NSE. Company also provides commodity trading on MCX and NCDEX through its subsidiary company, Aditya Birla Commodities Broking Ltd. Aditya Birla Money has its own DP service and registered as a DP with NSDL and CDSL.

India Advantage Group Of Companies Member Of: BSE, NSE & CDSL DP

DP ID 12037600 12042000
Contact Info

Ali Centre, No 53,
Greams Road, Chennai,
Tamil Nadu India - 600006

4Th Floor, Om Plaza Vasanji Lalji Road Opp.Kandivli Stn, Kandivli (W) Mumbai Maharashtra India-400067

Services Offered

Depository Services

Broking Firm & CDSL DP

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Aditya Birla Money Vs India Advantage Demat Account Opening Charges

  Aditya Birla Money Ltd India Advantage Securities Private Limited
Demat Account Opening Fee Rs 750

Rs 510 (Franking of POA)

Demat Account AMC
  1. Normal Scheme: Rs 450 p.a. for Individuals and for Corporates Rs 1000 p.a.
  2. Basic Service Demat Account (BSDA) Account: Nil for holding below Rs 50,000, Holding from Rs 50,001 to Rs 200,000 AMC of Rs 100 p.a., Holding above Rs 200,000 will be charge as applicable to Normal Demat Account.
  3. Lifetime AMC Scheme (Rs 1500 one time): Nil

Rs 290 P.A. (Individual) Rs 1000 P.A. (Non-Individual)

Advance Deposit Rs 1500 (Lifetime AMC Scheme)

NIL

Aditya Birla Money Vs India Advantage Demat Charges

  Aditya Birla Money Ltd India Advantage Securities Private Limited
Dematerialisation Charges
  1. Normal Scheme: Rs 5 per certificate plus Rs 50 courier charges.
  2. BSDA Account: Rs 25 per certificate plus Rs 50 courier charges.

Rs 3 per certificate with min.Rs 25

Rematerialisation Charges
  1. Normal Scheme: A flat fee of Rs 15 per certificate or Rs 15 for every hundred securities or part thereof, whichever is higher plus Rs 50 courier charges.
  2. BSDA Account: A flat fee of Rs 25 per certificate or Rs 25 for every hundred securities or part thereof, whichever is higher plus Rs 50 courier charges.

Rs 10 per request per lot

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

Market Transactions within Aditya Birla Money POW (Both Market / Off Market):

  1. Normal Scheme: Rs 30 per ISIN
  2. Lifetime AMC Scheme: Rs 20 per ISIN
  3. BSDA Account: Rs 75 per ISIN (Market /Off Market)

For External Broker:

  1. Normal Scheme: Rs 30 or 0.03% on value of securities whichever is higher
  2. Lifetime AMC Scheme: Rs 30 or 0.03% on value of securities whichever is higher
  3. BSDA Account: Minimum Rs 75 per ISIN or 0.05% on value of securities whichever is higher.

Rs 16-per ISIN / If other then POA Pay In Pay out charges will be Rs 50 per ISIN

Pledge Creation Charges

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

0.02%(min Rs 25 per ISIN)

Pledge Creation Confirmation Charges

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

0.02%(min Rs 25 per ISIN)

Pledge Invocation Charges

Rs 50 per ISIN (for BSDA Accounts, Rs 100 per ISIN)

0.02%(min Rs 25 per ISIN)

Failed Instruction Charges

Rs 25 per Instruction

Other Charges

Rs 50 for re-issuance of DIS Booklet.

Contact DP / Request A Call Back

  Aditya Birla Money Ltd India Advantage Securities Private Limited
Contact broker for Demat Account related enquires:
  Aditya Birla Money Ltd India Advantage Securities Private 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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