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Zerodha Vs JM Financial Demat Account Comparison

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

Find out Zerodha Vs JM Financial which is better demat account and Zerodha Vs JM Financial which is best demat account.

Our Zerodha demat account comparison with JM Financial Services Limited highlights the major differences between two brokers. Find the best demat between Zerodha and JM Financial.

Zerodha Vs JM Financial

  Zerodha JM Financial Services Limited
Zerodha Logo
About the Broker

Zerodha is a Bangalore based discount stock broker offering flat ₹20 per trade in Equity Cash, Equity F&O, Currency F&O and Commodities. Zerodha launched its online trading services on 15th Aug 2010 and in first 7 years Zerodha made around 7 lakhs customers.

With innovative trading platform and tools along with the cheapest brokerage, Zerodha is fastest growing financial firm in India offering stock brokerage and depository services.

DP ID 12081600 12033300
Contact Info

No. 153/154, Ground Floor,
4th Cross, J P Nagar, 4th Phase,
Bangalore Karnataka India - 560078

2Nd Flr,Suashish It Pk,Bldg B Cts No 68/E,Plot No 134(1)Part Dattapada Road, Borivali (E) Mumbai Maharashtra India-400066

Services Offered

Stock Broking, Demat Accounts, Stock Broking, Mutual Funds

Broking Depository IPO Mutual Funds

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Zerodha Vs JM Financial Demat Account Opening Charges

  Zerodha JM Financial Services Limited
Demat Account Opening Fee

₹50 (Stamp charges payable upfront)

Nil

Demat Account AMC

Individuals/Non Individual (except Corporate) - ₹300 + GST
Non Individual - Corporate - ₹1000

Rs 2315 pa (max)

Advance Deposit

₹0

Nil

Zerodha Vs JM Financial Demat Charges

  Zerodha JM Financial Services Limited
Dematerialisation Charges

₹150 per certificate (+ ₹100 Courier charges)

Rs 35 per Request plus Rs 3 per certificate subject to a minimum of Rs 50 per request

Rematerialisation Charges

₹150 per certificate + CDSL charges + ₹100 Courier charges

Rs 20 per 100 shares or part thereof subject to a minimum of Rs 50 per request

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  • Market Trades: ₹8 + ₹5.5 (CDSL charges)
  • Off-Market Trades: 0.03% of ₹25 whichever is higher

0.06% of market value of Transaction subject to a minimum of Rs 50 per Transaction

Pledge Creation Charges

₹20 + ₹12 per request (CDSL charges)

0.02% of market value of transaction subject to minimum Rs 50 per transaction

Pledge Creation Confirmation Charges

₹0

0.02% of market value of transaction subject to minimum Rs 50 per transaction

Pledge Invocation Charges

₹20

0.02% of market value of transaction subject to minimum Rs 50 per transaction

Failed Instruction Charges

₹50 per ISIN

Rs 10 per failed instruction

Other Charges
  • Cheque Bounce: ₹350
  • Physical Statement - ₹50 (+Courier charges at actual)
  • Modification in CML - ₹25 per request
  • KRA Upload / Download - ₹50 per request

Note: Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date.

Late charges Rs 10 per Transaction, Rs 1999 - Fixed On Market Transaction Charges

Contact DP / Request A Call Back

  Zerodha JM Financial Services Limited
Contact broker for Demat Account related enquires:
  Zerodha JM Financial Services Limited
Find more info about broker
Enquire about Zerodha Enquire about JM Financial
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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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