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Upstox Vs Progressive Demat Account Comparison

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

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

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

Upstox Vs Progressive

  Upstox Progressive Share Brokers Private Limited
Upstox Logo
About the Broker

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 12081800 12033900
Contact Info

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

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

Services Offered

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

Upstox Vs Progressive Demat Account Opening Charges

  Upstox Progressive Share Brokers Private Limited
Demat Account Opening Fee

Rs 150

Nil

Demat Account AMC

Rs 150

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

Upstox Vs Progressive Demat Charges

  Upstox Progressive Share Brokers Private Limited
Dematerialisation Charges

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

Rs 10 per certificates plus Rs 50 for postage.

Rematerialisation Charges

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

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)

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

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

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

Rs 25 per Instruction or 0.3% whichever is higher

Pledge Creation Confirmation Charges

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

Rs 25 per Instruction or 0.3% whichever is higher

Pledge Invocation Charges

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

Rs 25 per Instruction or 0.3% whichever is higher

Failed Instruction Charges

Rs 50 per transaction

Nil

Other Charges
  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.

BSDA Client Account Maintenance Holding value 200000= Rs 250

Contact DP / Request A Call Back

  Upstox Progressive Share Brokers Private Limited
Contact broker for Demat Account related enquires:
  Upstox Progressive Share Brokers Private Limited
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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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