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Geojit Vs SBI Securities Demat Account Comparison

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

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

Our Geojit BNP Paribas demat account comparison with SBICAP Securities Ltd highlights the major differences between two brokers. Find the best demat between Geojit and SBI Securities.

Geojit Vs SBI Securities

  Geojit BNP Paribas SBICAP Securities Ltd
Geojit BNP Paribas Logo SBICAP Securities Ltd 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).

SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd which is one of the oldest players in the Indian Capital Market and has a dominant position in the Indian primary capital markets. SBI Capital Markets Ltd. commenced broking activities in March 2001 to fulfill the secondary market needs of Financial Institutions, FIIs, Mutual Funds, Banks, Corporates, High Network Industry, Non-residential Investors and Retail domestic investors. SBICAP Securities Ltd. (SSL) is a company, which has been formed to take over the broking operations of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007.

DP ID 12048900 12047200
Contact Info

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

Marathon Futurex, 12th Floor,
A & B Wing N. M. Joshi Marg, Lower Parel,
Mumbai Maharashtra India - 400013

Services Offered

Demat Account Services

Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking and Currency Derivatives

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Geojit Vs SBI Securities Demat Account Opening Charges

  Geojit BNP Paribas SBICAP Securities Ltd
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. Individual Account: Rs 750 (Rs 500 for e-statement)
Advance Deposit

Nil

Nil

Geojit Vs SBI Securities Demat Charges

  Geojit BNP Paribas SBICAP Securities Ltd
Dematerialisation Charges

Nil + Courier Charges @ Rs 35

Rs 5 per cert + Rs 35 courier charges per request

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 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity

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.
  1. Through POA - 0.01% of the transaction value (Minimum of Rs 21 and Maximum of Rs 300) per ISIN
  2. Through DIS - 0.04% of the transaction value (Minimum of Rs 30) per ISIN
Pledge Creation Charges

Rs 50 per trans, Rs 100 per transaction for BSDA clients

  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges
Pledge Creation Confirmation Charges

NIL

  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges
Pledge Invocation Charges

Rs 50 per trans Rs 100 for BSDA clients

  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges
Failed Instruction Charges

NIL

Rs 10 per failed instruction.

Other Charges

Contact DP / Request A Call Back

  Geojit BNP Paribas SBICAP Securities Ltd
Contact broker for Demat Account related enquires:
  Geojit BNP Paribas SBICAP Securities Ltd
Find more info about broker
Enquire about Geojit Enquire about SBI Securities
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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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