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Aditya Birla Money Vs Progressive Demat Account Comparison

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

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

Our Aditya Birla Money Ltd demat account comparison with Progressive Share Brokers Private Limited highlights the major differences between two brokers. Find the best demat between Aditya Birla Money and Progressive.

Aditya Birla Money Vs Progressive

  Aditya Birla Money Ltd Progressive Share Brokers 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.

DP ID 12037600 12033900
Contact Info

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

122-123-124 Laxmi Plaza Laxmi Industrial Estate New Link Road, Andheri West Mumbai Maharashtra India-400053

Services Offered

Depository Services

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Aditya Birla Money Vs Progressive Demat Account Opening Charges

  Aditya Birla Money Ltd Progressive Share Brokers Private Limited
Demat Account Opening Fee Rs 750

Nil

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

1) Rs 250 Annually

2. Rs 1000 Non-Refundable one time charges.

3. Rs 2000 Refundable Deposit Lock in period 1 year.

Advance Deposit Rs 1500 (Lifetime AMC Scheme)

Nil

Aditya Birla Money Vs Progressive Demat Charges

  Aditya Birla Money Ltd Progressive Share Brokers 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 10 per certificates plus Rs 50 for postage.

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 .15 Per Certificate or Rs 15 for every 100 securities or 0.03% of securities value whichever is higher

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.

0.03% subject to Minimum Rs 15 per ISIN (for non poa client ) & (for poa client other than progressive pay-in) BSDA client 0.03% subject to minimum Rs 50 per isin Flat Rs 10 per ISIN ( Only Poa client for pay-in with in progressive)

Pledge Creation Charges

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

Rs 25 per Instruction or 0.3% whichever is higher

Pledge Creation Confirmation Charges

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

Rs 25 per Instruction or 0.3% whichever is higher

Pledge Invocation Charges

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

Rs 25 per Instruction or 0.3% whichever is higher

Failed Instruction Charges

Nil

Other Charges

Rs 50 for re-issuance of DIS Booklet.

BSDA Client Account Maintenance Holding value 200000= Rs 250

Contact DP / Request A Call Back

  Aditya Birla Money Ltd Progressive Share Brokers Private Limited
Contact broker for Demat Account related enquires:
  Aditya Birla Money Ltd Progressive Share Brokers Private Limited
Find more info about broker
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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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