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Geojit Vs Progressive Demat Account Comparison

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

Find out Geojit Vs Progressive which is better demat account and Geojit Vs Progressive which is best demat account.

Our Geojit BNP Paribas demat account comparison with Progressive Share Brokers Private Limited highlights the major differences between two brokers. Find the best demat between Geojit and Progressive.

Geojit Vs Progressive

  Geojit BNP Paribas Progressive Share Brokers Private Limited
Geojit BNP Paribas Logo
About the Broker

Geojit is the Full Service Broker offering savings and investment solutions like Equities, Derivatives , Mutual Funds, Life & General Insurance, third party Fixed Deposits, Portfolio Management services and wealth management.

Geojit is member of NSE and BSE and registered as a depository participant with NSDL and CDSL. The broker is among few broking firms to introduce online trading facility in India. The Broker has strong hold in Gulf countries (UAE, Saudi Arabia, Bahrain, Kuwait or Oman).

DP ID 12048900 12033900
Contact Info

34/659 P, 1st Floor, Civil Line Road,
Padivattom Kochi Kerala India - 682024

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

Services Offered

Demat Account Services

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Geojit Vs Progressive Demat Account Opening Charges

  Geojit BNP Paribas Progressive Share Brokers Private Limited
Demat Account Opening Fee

Nil

Nil

Demat Account AMC
  1. Regular Individual Account: RS 600 (Rs 450 electronic communication)
  2. NRI Clients: RS 2000 (Rs 750 electronic communication)
  3. Corporate Accounts: Rs 1250
  4. BSDA clients: Nil for holding value till Rs 50,000. Rs 100 p.a. for holding value from Rs 50,001 to Rs 2,00,000 . Holding value above 2Lakh normal tariff will be applicable

1) Rs 250 Annually

2. Rs 1000 Non-Refundable one time charges.

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

Advance Deposit

Nil

Nil

Geojit Vs Progressive Demat Charges

  Geojit BNP Paribas Progressive Share Brokers Private Limited
Dematerialisation Charges

Nil + Courier Charges @ Rs 35

Rs 10 per certificates plus Rs 50 for postage.

Rematerialisation Charges

Rs 10 for every 100 securities or part thereof; or Rs 10 per certificate whichever is higher + courier charges Rs 35 per scrip

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)

For Geojit debit:

  • 0.02% (subject to a min of Rs 15 & max of Rs 40 per trans), if the delivery is through POA/with DCN or
  • 0.02% (subjects to a min of Rs 20 & maxi of Rs 40 per trans), if the delivery is through DIS or POA without DCN.

For other broker debit:

  • 0.02% (subject to a min of Rs 50 and max of Rs 100 per Trans)

Off market transaction

  • 0.02% (subject to a min of Rs 20 and max of Rs 40 per trans), if the receiving demat account is with Geojit BNP Paribas.
  • 0.02% (subject to a minimum of Rs 50 and maximum of Rs 100 per transaction) if receiving demat account is outside Geojit BNP Paribas.

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 trans, Rs 100 per transaction for BSDA clients

Rs 25 per Instruction or 0.3% whichever is higher

Pledge Creation Confirmation Charges

NIL

Rs 25 per Instruction or 0.3% whichever is higher

Pledge Invocation Charges

Rs 50 per trans Rs 100 for BSDA clients

Rs 25 per Instruction or 0.3% whichever is higher

Failed Instruction Charges

NIL

Nil

Other Charges

BSDA Client Account Maintenance Holding value 200000= Rs 250

Contact DP / Request A Call Back

  Geojit BNP Paribas Progressive Share Brokers Private Limited
Contact broker for Demat Account related enquires:
  Geojit BNP Paribas 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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