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Zerodha Vs Progressive Demat Account Comparison

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

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

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

Zerodha Vs Progressive

  Zerodha Progressive Share Brokers Private 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 12033900
Contact Info

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

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

Services Offered

Stock Broking, Demat Accounts, Stock Broking, Mutual Funds

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Zerodha Vs Progressive Demat Account Opening Charges

  Zerodha Progressive Share Brokers Private 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

1) Rs 250 Annually

2. Rs 1000 Non-Refundable one time charges.

3. Rs 2000 Refundable Deposit Lock in period 1 year.

Advance Deposit

₹0

Nil

Zerodha Vs Progressive Demat Charges

  Zerodha Progressive Share Brokers Private Limited
Dematerialisation Charges

₹150 per certificate (+ ₹100 Courier charges)

Rs 10 per certificates plus Rs 50 for postage.

Rematerialisation Charges

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

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)
  • Market Trades: ₹8 + ₹5.5 (CDSL charges)
  • Off-Market Trades: 0.03% of ₹25 whichever is higher

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

₹20 + ₹12 per request (CDSL charges)

Rs 25 per Instruction or 0.3% whichever is higher

Pledge Creation Confirmation Charges

₹0

Rs 25 per Instruction or 0.3% whichever is higher

Pledge Invocation Charges

₹20

Rs 25 per Instruction or 0.3% whichever is higher

Failed Instruction Charges

₹50 per ISIN

Nil

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.

BSDA Client Account Maintenance Holding value 200000= Rs 250

Contact DP / Request A Call Back

  Zerodha Progressive Share Brokers Private Limited
Contact broker for Demat Account related enquires:
  Zerodha Progressive Share Brokers Private Limited
Find more info about broker
Enquire about Zerodha Enquire about Progressive
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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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