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Geojit Stock Trading, Demat, Brokerage and Reviews 2022


16.3% 233,999 Clients

Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf.

Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance.

Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art online trading portal.

Geojit BNP Paribas is a stock market listed company and its stock are traded at NSE (GEOJIT) and BSE (532285).

Over the years the name of the company got changed from Geojit Securities Ltd. to Geojit Financial Services Ltd. (GFSL) and finally to Geojit BNP Paribas Financial Services LTD in April 2009.

Trade In: BSE and NSE

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Geojit Charges 2022

  • Trading Account Opening Charges (One Time): Rs Nil
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges (One Time): Rs 100 (for Agreement Stamp Paper)
  • Demat Account Annual Maintenance Charges (AMC): Rs 400

Geojit Brokerage Charges:

  1. Cash Market Brokerage
    • Delivery-based Trading: 0.30%
    • Intra-day Trading: 0.03%
  2. Futures & Options Brokerage
    • Futures: 0.03%
    • Options Intraday: Rs 125 per contract
    • Options carry forward positions: Rs 150 per contract

Geojit Other Brokergae Charges

  1. Minimum Brokerage Geojit: Geojit charges Rs 20 per Contract or 1 paisa per share whichever is higher subject to a maximum of 2.5% per share.

Geojit Depository Service Charges

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening Nil
First Year AMC Nil
Annual Maintenance Charges Rs 600 (Rs 450 for customers receiving e-mail statements)
Transaction Charges - Buy - Market and Off-Market Nil
Transaction Charges - Sell - For transaction through Geojit 0.02 % subject to a minimum of Rs 15 and maximum of Rs 40 per transaction
Transaction Charges - Sell - For transaction through other brokers 0.02% subject to a minimum of Rs 50 and maximum of Rs 100 per Transaction
Transaction Charges - Sell - Off Market Trades 0.02 % subject to a minimum of Rs 20 and maximum of Rs 40 per transaction
Pledge Creation Rs 50 per transaction
Pledge closure Rs 50 per transaction
Pledge invocation Rs 50 per transaction
Dematerialisation Charges Nil + Courier charges @ Rs.35/- per request
Rematerialisation Charges Rs.10 for every hundred securities or part thereof or Rs.10 per certificate
Custody Charges Nil

Visit Geojit Brokerage Charges Review for more detail.


Geojit Trading Software (Geojit Trading Platforms)

Geojit BNP Paribas offers an Advanced Online Investment Platform called SELFIE (Self-Directed Trading & Investment Platform). The Geojit's trading platform offers Virtual dealer terminal (SEFIE Platinum), WEB and Mobile trading applications.

Geojit BNP Paribas offer stock trading services under two trading plans:

  1. SELFIE Gold

    SELFIE Gold is a trading website (browser based trading application). This trading application is offered absolutely FREE to all online customers and offers uniform experience across multiple devices. The key feature of SELFIE Gold includes integrated Security view with quotes, charts, news, recommendations, MBP, F&O Chains & Order windows all at one place, real time News aggregation and visualization engine and market intelligence & research calls.

  2. SELFIE Platinum

    SELFIE Platinum platform is a virtual dealer terminal (installable EXE program). It is designed for active traders. Key features of SELFIE Platinum includes flexibility to customize screen layout, fast trade execution and Tick by Tick updation of index chart.

 

Visit Geojit Trading Software Review for more detail.

Contact Geojit / Request Call Back

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Geojit Pros and Cons


Geojit Pros (Advantages)

The following are the advantages of Geojit. You must read Geojit advantages and disadvantages before opening an account with Geojit. Geojit pros and cons help you find if it suits your investment needs.

  1. Geojit BNP Paribas has introduced a view only 'terminal' that delivers real-time market information from the Company's system to the GPRS enabled mobile phones of Company's clients. FLIP-ME* (Financial Internet Platform-Mobile Edition) delivers key information and a host of other features empowering the client on the move to take trading decisions, and avail the call and trade facility to execute orders.
  2. Investors can place orders via phone by calling customer care (Toll free) or through respective branch.
  3. Company has list of preferred backs including HDFC Bank, ICICI Bank, Citibank & Federal Bank, Punjab National Bank, Union Bank of India, Bank of India and IDBI Bank.
  4. Facility to place online orders in Post-close session of NSE and BSE.
  5. Daily market calls, Research Reports, Demat Holdings, change of Platform, etc are available though SMS.


Geojit Cons (Disadvantages)

The following are the cons of Geojit. Check the list of Geojit drawbacks.

  1. Company doesn't offer 3 in 1 trading account like other popular brokers. Investor has to use banking services from other banks.
  2. The brokerage changes are very high in comparison to other brokers.
  3. Geogit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher.

Geojit Enquiry Form

Geojit Margin Exposure

Geojit margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Geojit F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Geojit F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Geojit Ratings

Overall Rating Rated 3.7 stars 3.7/5
Fees Rated 3.6 stars 3.6/5
Brokerage Rated 3.3 stars 3.3/5
Usability Rated 4.0 stars 4.0/5
Customer Service Rated 3.8 stars 3.8/5
Research Capabilities Rated 3.1 stars 3.1/5

Based on 103 Votes by Geojit Customers

Do you trade with Geojit? Rate Geojit


Geojit Complaint

The number of Geojit customer complaint received by the exchanges. The Geojit consumer complaint report helps understanding the Geojit BNP Paribas quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2021-22 233,999 35 0.01%
BSE 2021-22 50,707 2 0%
NSE 2020-21 201,206 67 0.03%
BSE 2020-21 42,303 2 0%
NSE 2019-20 163,742 38 0.02%
BSE 2019-20 42,127 6 0.01%
NSE 2018-19 163,875 32 0.02%
BSE 2018-19 34,398 5 0.01%
NSE 2017-18 183,466 38 0.02%
BSE 2017-18 67,110 10 0.01%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Geojit Complaints at BSE, NSE and MCX for detail report.

Frequently Asked Questions

  1. 1. How to close Geojit account?

    Geojit account can be closed offline by following the given steps:

    1. Procure the account closure form from the nearest branch or the customer care team via mail (customercare@geojit.com) or call (1800-425-5501/1800-103-5501).
    2. Fill and sign it. In the case of a joint account, all account holders need to sign the form.
    3. Attach supporting KYC documents like ID proof and address proof.
    4. Courier/Submit the form to the nearest branch or the head office.

    Before initiating the account closure, ensure that:

    • There are no securities in your account
    • There is no negative balance in your account.

     


238 Comments

238. Georgy Jacob  Dec 15, 2021 11:41:57 PM I Like It. | Report Abuse Reply
Customer support very good, both online and at the branch. But their web online trading platform seems quite confusing at times.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Above Average
237. jayapradha b  Dec 8, 2021 9:21:50 PM I Like It. | Report Abuse Reply
While updating the KYC your Hello geojith app showing "THE PAN IS IN PENDING STATUS"

several times we tried we where not able to update the KYC, So solve the issue immediately.
236. Praveen  Jul 16, 2021 1:08:40 PM I Like It. | Report Abuse Reply
Good experience my life turn point thanks Geojit company &Team.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
235. Sudhir  May 7, 2021 11:46:09 AM I Like It. | Report Abuse Reply
Geojit has one of the WORST CUSTOMER CARE SERVICE, had very bad experience.
234. Sudhir  May 7, 2021 11:44:08 AM I Like It. | Report Abuse Reply
Geojit has the WORST CUSTOMER SERVICE i have ever come across

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
233. Babu Prasad  Mar 16, 2021 5:26:20 PM I Like It. | Report Abuse Reply
Its really good!

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Above Average
Overall Experience - Excellent
232. Vinay  Jan 27, 2021 10:49:21 AM I Like It. | Report Abuse Reply
Hefty brokerage

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
231. Joe  Dec 1, 2020 11:54:21 AM I Like It. | Report Abuse Reply
Too much hidden charges

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Above Average
Customer Service - Average
Overall Experience - Below Average
230. Akshay  Jan 22, 2015 2:21:35 PM I Like It. | Report Abuse Reply
Worst Customer care. I had trading account with GEOJIT Malleshwara Bengaluru branch. They cannot even handle 3 mutual funds of mine and i had to dash to their Branch around 10 - 12 times just to get my mutual funds redeemed. And even after cancellation, i get alerts for ECS.

Jerks.. My advice: please dont open account with Geojit.
230.1. Kalyan  Sep 26, 2020 10:39:14 AM I Like It. | Report Abuse
Did u given cancellation form and do u have receipt of cancellation
Go ask branch Rm for nect level solution sir
Thanks
229. akshay chabare  Aug 13, 2020 6:03:24 PM I Like It. | Report Abuse Reply
too much brokrage compare to other

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
228. GURURAJ KULKARNI  Apr 15, 2020 3:15:04 PM I Like It. | Report Abuse Reply
Transparency, standard and reliable personnel. Has no hidden charges at all.Highly cooperative and caring. Have branches instead of brokers or franchisees.
But,a few virtues they have to adapt.1)Annual revised mentainance charge scooped to 750/-.this is high.2)Delivary brokerage should be lessened from.3%.3)Mobile trading app.should get standardized and updated 5)STBT ,BO and CO should be initiated.Thank you,I love always GEOJIT simply Great!

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Above Average
227. Ganesh  Mar 17, 2020 10:46:29 AM I Like It. | Report Abuse Reply
Pl dont for shares u vl loose ur hardly earned money especialy intraday

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
226. Mamarath Palliyalil haridasan  Nov 30, 2019 12:00:03 AM I Like It. | Report Abuse Reply
Brokerage is very high comparing to others

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Average
Overall Experience - Average
225. Thomas D  Nov 2, 2019 2:31:59 AM I Like It. | Report Abuse Reply
Staff very approachable and customer friendly service. charges are reasonable compared to other full time broking companies. No hidden costs 0.30% for equity delivery and 0.03% for intraday. I don't trade in F & O. I am their customer since two years at Hyderabad and quite happy with their services.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
224. Madhuri Sharma  Sep 27, 2019 8:14:52 PM I Like It. | Report Abuse Reply

Name- MADHURI SHARMA
ACCOUNT NO. -ACC2692409
I m hvng life's worst experience of investing in mutual funds from ur platform geojit u cnt stop my monthly payment in one time HV gvn signed form thrice in ur thane majhiwada branch n mulund west branch still hvng same issues frm last 3months ur employees parvin frm thane & Divya frm mulund HV not able to stop such small request
Ths employees are good for nothing specially ur employee pravin no knowledge no communication cnt even receives customers call
Will never suggest geojit to any one & still employees r not calling and gvng service fr stopping bus waiting whn I should come and ask.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
223. Ashok kumar  Jun 24, 2019 1:03:33 PM I Like It. | Report Abuse Reply
Most customer personnel are not well trained. Everyday trading recommendation is below average I.e., below 25% may be correct. Mobile online trading is always a problem because of the inefficiency of their technical team. Complaints or grievances are not entertained.

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Below Average
Overall Experience - Below Average
222. Tibu George  Oct 6, 2016 3:48:12 AM I Like It. | Report Abuse Reply
I have Trading account with geogit, from my experiece service is very poor and cheating NRI customers by taking more brokerage. While opening account i was convinced that delivery brokerage(cash Segment) is only .30%, same was there in application form also. But while starting trade transaction without geojit customer care center, begin to cut .50% as brokerage. when i was complained, what reply i got from them is we are charging from nri customers like this. I didnt seen anywhere they mentioned in their website this special charge for nri customers. Thinking of changing broker as early as possible.Be cautious of such cheating, especailly NRI''''''''''''''''s.
222.2. Noufal  Sep 1, 2018 7:18:08 PM I Like It. | Report Abuse
Don't delete the comment.
I will see if they charge for me the same .5% . May be they charge 0.3% only for those who complaints.
222.3. Nidal  Apr 22, 2019 3:27:32 AM I Like It. | Report Abuse
At present their brokerage for NRI customer is 1% (0.75%+0.25% tax ). Also AMC for DP 2000 RS
221. Raghav  Apr 5, 2019 12:42:02 AM I Like It. | Report Abuse Reply
Pros- Full time broker which provides research reports, intraday trading recommendation, IPO recommendation and rating , smooth fund transfer through BHIM UPI. It has branches where staffs are cooperative.

Cons- very high brokerage which eats your earned profit heavily!

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
220. Nidal  Oct 14, 2018 11:40:50 AM I Like It. | Report Abuse Reply
DP maintenance AMC 2000 RS + Brokerage almost 1%. many other hidden charges for SIP account customers



Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
219. Noufal  Oct 13, 2018 11:29:54 PM I Like It. | Report Abuse Reply
Geojit Brokerage too high 1%
I took trading account with Geojit reading your comparition chart and brokerage charges on thier site. As against advertised they are taking 1% ( 0.75% brokerage + taxes). Please update the same in your site are prevent investers from being cheated. I have many invoice to send you as proof.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Below Average
Overall Experience - Below Average

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