Geojit Vs Finvasia Demat Account Comparison

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).

Finvasia is a Chandigarh, India based financial service provider. Finvasia caters to retail, institutional and foreign customers. Finvasia offers truly brokerage free trading. It absolutely doesn’t change any brokerage commission from customers to trade on BSE, NSE, and MCX. Customers can trade in any segment by just paying applicable taxes. Call & trade is also available for free of cost to the customers.

Finvasia is a depository participant with CDSL. They offer all kind of depository services to its customer at a very reasonable price.

They are an online broker. All services offered are online or over the phone. They do not have any branch offices, franchise or partner offices.

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

Plot # 10, Netsmartz House (Level 3).
Rajiv Gandhi Chd Tech Park.
Chandigarh. India 160101

Demat Account Services

Retail trading in equity, currency and commodity, depository (demat account), asset management, investment banking, advisory, and currency hedging.

Nil

₹0 (+ stamp charge of ₹199)

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

₹0 for Individual/HUF/NRI
₹1000 per year for corporate

Nil

₹0

Nil + Courier Charges @ Rs 35

₹15 + ₹99 Courier charges

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

₹15 + ₹99 Courier charges

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.

₹9 (including CDSL Fee)

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

₹25 + NSDL Charges

NIL

Rs 50 per trans Rs 100 for BSDA clients

₹25 + NSDL Charges

NIL

₹49 per transaction

• Periodic Statements - Email: Free | Physical: ₹99 Courier Charges
• Adhoc / Non Periodic Statement - Email: Free | Physical: ₹5 per page + ₹99 Courier Charges
• Delivery Instructions - First Booklet: Free | Additional: ₹99 for 10 leaves
• Check Bounce - ₹299
• Failed Transaction - ₹49 per transcaction
• Modification in Client Information - ₹19 per request
• Demat Closure Account - Nil
• Delay Payment Charges - 2% per month on T+2 days