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Zerodha Vs Peerless Securities Demat Account Comparison

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

Find out Zerodha Vs Peerless Securities which is better demat account and Zerodha Vs Peerless Securities which is best demat account.

Our Zerodha demat account comparison with Peerless Securities Limited highlights the major differences between two brokers. Find the best demat between Zerodha and Peerless Securities.

Zerodha Vs Peerless Securities

  Zerodha Peerless Securities 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.

Peerless Securites Ltd. is a Corporate Broker of NSE (Cash, F&O , currency segment), BSE (Cash). It is a sebi registered depository perticipant of CDSL & NSDL.

DP ID 12081600 12060600
Contact Info

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

1, Chowringhee Square 2Nd Floor Kolkata West Bengal India-700069

Services Offered

Stock Broking, Demat Accounts, Stock Broking, Mutual Funds

Account opeing, Transaction, Demat & Remat and all other CDSL depository services

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Zerodha Vs Peerless Securities Demat Account Opening Charges

  Zerodha Peerless Securities 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 650 per Financial Year for Induvidual and Rs 1150 per Financial Year for Corporate Under BSDA Scheme, no AMC till holding value Rs 50,000, Rs 100 per financial year for holding value between Rs 50,000 and Rs 2,00,000 and if crossed within financial year will be charged regular AMC

Advance Deposit

₹0

Nil

Zerodha Vs Peerless Securities Demat Charges

  Zerodha Peerless Securities Limited
Dematerialisation Charges

₹150 per certificate (+ ₹100 Courier charges)

Rs 2 per cert. Min Rs 500 per request

Rematerialisation Charges

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

Rs 12 per cert. Min Rs 500 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

Rs 15 for Intra DP , Rs 21 per instruction for Inter DP Under BSDA scheme, 0.5% of the value of the txn subject to min. Rs50

Pledge Creation Charges

₹20 + ₹12 per request (CDSL charges)

Rs 35 per request

Pledge Creation Confirmation Charges

₹0

Pledge Invocation Charges

₹20

Failed Instruction Charges

₹50 per ISIN

Rs 20 for each erroneous/failed/rejected transaction

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.

Demographic details change Rs 50 (regular account) & Rs 100 (BSDA scheme) per request, Cost of DI book Rs 20 (regular account) & Rs 50 (BSDA scheme), Late submission charges Rs 20

Contact DP / Request A Call Back

  Zerodha Peerless Securities Limited
Contact broker for Demat Account related enquires:
  Zerodha Peerless Securities Limited
Find more info about broker
Enquire about Zerodha Enquire about Peerless 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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