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Zerodha Vs Way2wealth Demat Account Comparison

The side-by-side comparison of Zerodha and Way2wealth Demat Account. Compare Zerodha Vs Way2wealth Demat account charges, AMC and Fees. Read Way2wealth and Zerodha demat account review.

Find out Zerodha Vs Way2wealth which is better demat account and Zerodha Vs Way2wealth which is best demat account.

Our Zerodha demat account comparison with Way2wealth Brokers Private Limited highlights the major differences between two brokers. Find the best demat between Zerodha and Way2wealth.

Zerodha Vs Way2wealth

  Zerodha Way2wealth Brokers Private Limited
Zerodha Logo Way2wealth Brokers Private Limited 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.

Way2wealth Brokers Private Limited is a dynamic, well diversified and professionally managed business house which is a part of Way2wealth Group, primarily focused on Financial Services sector providing an umbrella of capital market services under one roof.

DP ID 12081600 12031500
Contact Info

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

3Rd Floor, Hincon House Tower-B, 247 Park, L.B.S Marg Vikhroli (W) Mumbai Maharashtra India-400083

Services Offered

Stock Broking, Demat Accounts, Stock Broking, Mutual Funds

Depository Services, Broking, Wealth Management, Distribution of Mutual Funds etc

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Zerodha Vs Way2wealth Demat Account Opening Charges

  Zerodha Way2wealth Brokers Private Limited
Demat Account Opening Fee

₹50 (Stamp charges payable upfront)

As per applicable stamp duty/ rate plus service charge

Demat Account AMC

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

Sch-I Rs 360 for Ind and Rs 860-Corp, Sch-II Rs 550 -Ind, Rs 1050-Corp & Sch-III : NIL (Charges to be paid upfront annually),BSDA ZERO AMC FOR STOCK VALUE UPTO 50000 & 100 AMC FOR STOCK VALUE 50001 TO 200000

Advance Deposit

₹0

Scheme-I , II & BSDA : NIL Scheme-III : Rs.2000

Zerodha Vs Way2wealth Demat Charges

  Zerodha Way2wealth Brokers Private Limited
Dematerialisation Charges

₹150 per certificate (+ ₹100 Courier charges)

Rs 40 per request for Sch-I&II and Rs 2 per Cert. Plus Rs 75 for Sch-III, Rs 2 per Cert. Plus Rs 75 for BSDA

Rematerialisation Charges

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

Rs 25 for every 100 securities or part thereof or Rs25 per certificate whichever is higher for Sch-I&II and Rs 25 per cert.(for every hundred securities) plus Rs 75 for Scheme-III, Rs 25 per cert.(for every hundred securities) plus Rs 75 for BSDA

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

Sch-I Rs 9 per txn for POA txns & Rs 18 per txn for same day & future day execution, Sch-II Nil for POA txns) & Rs 18 per txn for same day execution & Rs 9 per txn for future day execution, Sch-III 10 per debit Transfer 0.03% of transaction value, subject to minimum of Rs 25 per transaction, B SDA 50 PER DEBIT TXN FOR W2W POA & 0.03% of transaction value, subject to minimum of Rs 100 per txn for Off Mkt/Inter DP

Pledge Creation Charges

₹20 + ₹12 per request (CDSL charges)

Rs 24 per txn for Sch-I &II and Sch-III : 0.02% of the value of securities Pledged, subject to minimum of Rs 50 per transaction, BSDA : 0.02% of the value of securities Pledged, subject to minimum of Rs 50 per transaction

Pledge Creation Confirmation Charges

₹0

Sch-I&II : Rs 24 per txn, Sch-III: 0.02% of the value of securities Pledged, subject to minimum of Rs 25 per transaction, BSDA : 0.02% of the value of securities Pledged, subject to minimum of Rs 25 per transaction

Pledge Invocation Charges

₹20

Rs 24 per txn for Sch-I &II and Sch-III : 0.02% of the value of securities Pledged, subject to minimum of Rs 25 per transaction, BSDA : 0.02% of the value of securities Pledged, subject to minimum of Rs 25 per transaction

Failed Instruction Charges

₹50 per ISIN

Scheme-I & II : NIL Scheme-III : Rs 20, BSDA : Rs 20

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.

Extra statement Rs 10 per page for Sch-I &II and Rs 15 for 1st 10 pages and thereafter Rs 2 per page for Sch-III & BSDA

Contact DP / Request A Call Back

  Zerodha Way2wealth Brokers Private Limited
Contact broker for Demat Account related enquires:
  Zerodha Way2wealth 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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