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Zerodha Vs Sykes Ray Demat Account Comparison

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

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

Our Zerodha demat account comparison with Sykes & Ray Equities (India) Limited highlights the major differences between two brokers. Find the best demat between Zerodha and Sykes Ray.

Zerodha Vs Sykes Ray

  Zerodha Sykes & Ray Equities (India) 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.

Sykes & Ray Equities (I) Ltd. is also a member of BSE & NSE and serving retail clients in Capital Market since last 25 years.

DP ID 12081600 12018600
Contact Info

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

3Rd Flr, Plot 24/26, Cama Building, Dalal Street Bse, Fort Mumbai Maharashtra India-400001

Services Offered

Stock Broking, Demat Accounts, Stock Broking, Mutual Funds

Financial Planning, Broking, Research, Online Internet Trading, DP Services

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Zerodha Vs Sykes Ray Demat Account Opening Charges

  Zerodha Sykes & Ray Equities (India) Limited
Demat Account Opening Fee

₹50 (Stamp charges payable upfront)

Actual cost of stamp paper and charges of K.R.A.

Demat Account AMC

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

Rs 295 p.a. for individual. Plus actual CDSL charge for Corporate a/

C.

Advance Deposit

₹0

Nil

Zerodha Vs Sykes Ray Demat Charges

  Zerodha Sykes & Ray Equities (India) Limited
Dematerialisation Charges

₹150 per certificate (+ ₹100 Courier charges)

Rs 50 plus Rs 50 upto 10 certificate and thenafter Rs 5 per certificate.

Rematerialisation Charges

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

0.02% of value, Minimum Rs 40 per certificate. Plus actual CDSL charge for remat confirmation.

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

(a) 0.04%of value of OnMkt or Early Payin transaction (Minimum Rs 24 ) executed under PoA to SREIL (broker)and (b) 0.05% of value of trx. or Min. Rs 48 for any other debit transaction executed on DIS.

Pledge Creation Charges

₹20 + ₹12 per request (CDSL charges)

0.02% Minimum Rs 50 per pledge trx.

Pledge Creation Confirmation Charges

₹0

Nil

Pledge Invocation Charges

₹20

0.02% Minimum Rs 50

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.

Contact DP / Request A Call Back

  Zerodha Sykes & Ray Equities (India) Limited
Contact broker for Demat Account related enquires:
  Zerodha Sykes & Ray Equities (India) Limited
Find more info about broker
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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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