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Sharekhan Vs Upstox Demat Account Comparison

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

Find out Sharekhan Vs Upstox which is better demat account and Sharekhan Vs Upstox which is best demat account.

Our Sharekhan demat account comparison with Upstox highlights the major differences between two brokers. Find the best demat between Sharekhan and Upstox.

Sharekhan Vs Upstox

  Sharekhan Upstox
Sharekhan Logo Upstox Logo
About the Broker

Sharekhan is leading stock broker and financial product distributor in India. With wide network of branches, sub-brokers and franchise, Sharekhan is among the top 3 largest stock broker in India by number of customers.

Upstox (formally RKSV) is among the leading online stock brokers in India offering low cost discount stock, current derivatives & commodity broking services at BSE, NSE and MCX. Upstox offering its retail broking services since Jan 2012.

DP ID 12036000 12081800
Contact Info

Lodha, I - Think,Techno Campus 10Th Flr,
Beta Bldg, Off Jvlr Kanjurmarg (East),
Mumbai, Maharashtra India 400042

Sunshine Tower, 30 Floor,
Senapati Bapat Marg, Dadar (West),
Mumbai, Maharashtra, India 400013

Services Offered

Demat Account Services:

Account opening demat, remat, repurchase, redemption account transfer instructions, client master changes freezing, de-freezing, account closing transmission, pledge creation, closure, invocation, stock lending & borrowing easi & easiest

Stock Broking and Depository Participants (DP) Services though its memberships with the NSE, BSE, MCX and CDSL.

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Sharekhan Vs Upstox Demat Account Opening Charges

  Sharekhan Upstox
Demat Account Opening Fee

Actual Stamp Paper Charges

Rs 150

Demat Account AMC

Scheme A: Rs 400,
Scheme B: Rs 500,
Scheme C: Rs 350,
Scheme D: Nil,
Scheme E: Rs 100,
Scheme F: Rs 500,
Scheme H: Rs 1000,
Scheme G: Nil(holding Value <= Rs 50000) or 100(holding Value from Rs 50001 to Rs 200000)or 400(holding Value >Rs 200000)

Scheme A, C, E & H: Free for the 1st Year.

Rs 150

Advance Deposit

Rs. 500 Advance which will be adjusted against billing (Optional)

Tariff D - Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)

Nil

Sharekhan Vs Upstox Demat Charges

  Sharekhan Upstox
Dematerialisation Charges

Rs 5 per certificate (Min Rs 50 per request for Tariff A,B,C,D,E,F & H) (Min Rs 100 per request for Tariff G )

Rs 2.00 per certificate plus courier charges of Rs 35 per demat request

Rematerialisation Charges

Rs 50 per certificate or Rs 50 for every hundred securities

Rs 25 per certificate or 0.05% of the value whichever is higher.

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  1. Scheme A & B: Sales through Sharekhan: Rs 0 Else 0.03% of value of tran(min Rs 30),
  2. Scheme C & D: Sales through Sharekhan Rs 6 Per tran Else 0.03% of value of tran(min Rs 30),
  3. Scheme E & H: Sales through Sharekhan 0.03% of value of tran (E:min Rs
  4. 29,H:min Rs 30) Else 0.03% of value of tran(min Rs 49),
  5. Scheme F: 0.03% of value of tran(min Rs 30),
  6. Scheme G: 0.03% of value of tran(min Rs 49)

Rs 13 + Rs 5.50 (CDSL charges) per scrip.

Pledge Creation Charges

0.03 % of the value of the Transaction (Min Rs 100 per transaction)

0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.

Pledge Creation Confirmation Charges

Nil

0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.

Pledge Invocation Charges

Nil

0.05% of the transaction charges subject to a minimum of Rs 50

Failed Instruction Charges

Nil

Rs 50 per transaction

Other Charges
  1. Freeze /De-freeze - Rs 25 per request
  2. Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum Rs 100)
  3. Client Master changes Rs 30 per request for Tariff G
  1. Demat Rejection Charges: Rs 35 per rejection for every 500 gms.
  2. Adhoc / Non periodic statement requests: Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 plus courier / postage charges.
  3. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.

Contact DP / Request A Call Back

  Sharekhan Upstox
Contact broker for Demat Account related enquires:
  Sharekhan Upstox
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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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