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12.57% 20,541 Clients
Incorporated in 2013, YES Securities (YSL) is a wholly-owned subsidiary of YES Bank Limited. YSL is a full-service stockbroker registered with SEBI and is a member of NSE and BSE. The company offers broking services in Equity, Derivatives and Currency derivatives. In addition, it also provides other financial services like Mutual Funds and IPO.
YSL offers a 3-in-1 account wherein a bank savings account, a demat account and an investment account is opened at once and linked to each other. This helps YES banks customers in real-time fund transfer from the bank to the investment account. It also helps them in quick transactions, particularly while selling securities.
YSL provides both online and offline stock broking services to its customers. For customers who prefer to trade online, YSL offers a mobile app and web-based platform. For those who can't or want to trade online, YSL has 50+ branch offices across 35+ cities in India. These branch offices act as customer service points. Customers could also place their trade requests there. The company also offers call-and-trade facility wherein orders can be placed over a phone. Each customer is also allocated a Relationship Manager (RM) for assistance in trading and other services.
As a full-service stockbroking company, YSL offers research services through its dedicated research desk. The research team publishes reports on the performance of Indian Markets vs global markets, sectoral indices, and IPOs. It regularly conducts technical and fundamental analysis to recommend long-term and short-term calls to the customers.
Yes Securities Limited offers 2 types of accounts to target different needs of the customers. The account plans are as follows:
It is a percentage brokerage plan wherein you are charged a percentage of the trade value irrespective of the trade size. The Minimum Brokerage under this plan is Rs 25 or 2.5% of Trade Value whichever is lower.
It is a turnover based brokerage plan wherein different brokerage charges are charged for different monthly trading turnover slabs. The more you trade in a month, the lesser will be the brokerage charged.
Trading Account Opening Charges (One Time) | Rs 0 |
Trading Annual maintenance charges (AMC) | Rs 0 |
Demat Account Opening Charges (One Time) | Rs 0 |
Demat Account Annual Maintenance Charges (AMC) | Rs 500 |
Yes Bank Trading Account Brokerage Charges
| Segment | Type | Brokerage |
|---|---|---|
Cash Market | Delivery Buy/ Sell % | 0.45% |
Delivery Square Off (same Day) % | 0.05%(both Sides) | |
Margin Intraday (First Leg) % | 0.05% | |
Margin Squareoff (same day) % | 0.05% | |
Derivatives | Future (First Leg) % | 0.05% |
Future Square Off (same Day) % | 0.02% | |
Options (First Leg) (Per Lot) | Rs 75 | |
Options Square off (same day) (per lot) | Rs 25 | |
Currency Derivatives | Currency Futures (First Leg) % | 0.05% |
Currency Futures Square Off (same Day) % | 0.02% | |
Currency Futures (First Leg) (Per Lot) | Rs 75 | |
Currency Futures Square off (Same day) (per lot) | Rs 25 |
Note: The Minimum Brokerage is Rs 25 or 2.5% of Trade Value whichever is lower.
Eligible Cash Delivery Turnover (Per Calendar Month) | 0 to <1 Lakhs | 1 to <2 Lakhs | 2 to <5 Lakhs | 5 to <25 Lakhs | 25 to <5O Lakhs | 5O+ Lakhs |
|---|---|---|---|---|---|---|
Delivery Buy/Sell | 0.55% | 0.50% | 0.45% | 0.40% | 0.35% | 0.30% |
Delivery Square Off (Same day)(Both Sides) | The Brokerage and Turnover of Margin Intraday will be considered for Delivery Square on the same day | |||||
Eligible Margin Intraday/Future Turnover | 0 to <25 L | 25 L to <50 L | 50 L to <2 Cr | 2 Cr to <10 Cr | 10 Cr to <25 Cr | 25 cr + |
Margin Intraday (Both Sides) / Future (First Leg) | 0.06% | 0.06% | 0.05% | 0.04% | 0.03% | 0.03% |
Future Square Off (same day) | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
Eligible Option Turnover (No of Lots) | 0-25 | 26-50 | 51-100 | 101-250 | 251-500 | 501+ |
Option (First Leg) (Per Lot) (Rs) | Rs 85 | Rs 8o | Rs 75 | Rs 70 | Rs 65 | Rs 60 |
Option Square Off (Same day) (Per Lot) (Rs) | Rs 25 | Rs 25 | Rs 25 | Rs 25 | Rs 25 | Rs 25 |
Turnover Calculation (No of Lots) | Combined Volume of Index, Stock and Currency Options will be considered for the discount slab and the same brokerage is applicable to all segments | |||||
Yes Sec Fee Structure Explained:
Yes Securities is a DP service provider of NSDL. It offers Demat Account and other related depository services to customers.
Charge | Type | Resident Individual / HUF | |||
|---|---|---|---|---|---|
A/C opening Charges | Nil | ||||
Annual Maintenance Charges (AMC)* | Rs 500 | ||||
Credit Transaction (Buy: Market & Off Market) | Nil | ||||
Debit Transaction (Market, Off Market, Inter-depository) |
For Instruction submitted through branches (% of the transaction value of each ISIN) |
0.04% (Min Rs 20) | |||
Rejection/Fail | Rs 30 | ||||
Extra charges for processing of Instructions submitted on the execution date | Rs 10 per ISIN | ||||
Dematerialization | Per Request Form | Rs 30 | |||
Per Certificate | Rs 2 | ||||
Rematerialization | Per request form | Rs 20 | |||
Closure of Account | Nil | ||||
Pledge | Creation/Closure/Confirmation/Invocation (% of the value for each ISIN in each request) | 0.04% (Min Rs 30) | |||
Additional account statements | Rs 20 | ||||
NSDL charges for demat account transactions are chargeable extra at actuals as below:
Sell: Market and Off-Market & Inter-depository |
Rs 4.5 per debit instruction |
Rematerialization |
a) fee of Rs 10 for every hundred securities or part thereof subject to a maximum fee of Rs 5,00,000; or b) A flat fee of Rs 10 per certificate, whichever is higher. |
Reconversion of MF units into SoA |
Rs 10 per instruction |
Redemption of MF units through Participants |
Rs 4.50 per instruction |
Pledge Creation |
Rs 25 per instruction |
Visit Yes Securities Brokerage Charges Review for more detail.
You can contact the customer care by email/call or simply filling an online form available on the website. The company representative will connect with you to take the process forward.
Yes Securities has over 50 branch offices located across India. You can visit any of these branches to open an account with them.
Yes Securities customers can trade online using online trading software. Customers have the flexibility to choose between a web-based platform and a mobile app for trading. The company offers the following trading platforms:
Yes Invest is an online trading website. The web-based application can be opened on any browser and is simple to use. It provides all essential trading features to trade & invest in India stock market.
Yes Trader is a mobile trading app provided by Yes Bank. The app is available on Android and iTunes (Apple app store) and provides all needed features to trade on-the-go such as
Visit Yes Securities Trading Software Review for more detail.
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The following are the advantages of Yes Securities. You must read Yes Securities advantages and disadvantages before opening an account with Yes Securities. Yes Securities pros and cons help you find if it suits your investment needs.
The following are the cons of Yes Securities. Check the list of Yes Securities drawbacks.
Yes Securities margin for intraday trading is up to 6x based on the stock. Yes Securities 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 Yes Securities F&O carry forward positions and equity delivery trades.
| Segment | Margin |
|---|---|
| Equity Delivery | 1x (no margin) |
| Equity Intraday | Up to 6x (based on the stock) |
| Equity Futures & Options | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Currency Futures & Options | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Commodity Futures | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
Note: As per the new margin policy by SEBI, the margin for trading will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 20x in any segment at BSE, NSE, and MCX. All full-service and discount brokers will provide the same margin exposure to customers.
| Overall Rating |  2.0/5 |
| Fees |  3.0/5 |
| Brokerage |  1.0/5 |
| Usability | 3.0/5 |
| Customer Service | 3.0/5 |
| Research Capabilities | 2.0/5 |
Based on 2 Votes by Yes Securities Customers
Do you trade with Yes Securities? Rate Yes Securities
The number of Yes Securities customer complaint received by the exchanges. The Yes Securities consumer complaint report helps understanding the Yes Securities Limited quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
|---|---|---|---|---|
| NSE | 2021-22 | 20,541 | 9 | 0.04% |
| NSE | 2020-21 | 18,248 | 36 | 0.2% |
| BSE | 2020-21 | 3,748 | 1 | 0.03% |
| NSE | 2019-20 | 13,404 | 18 | 0.13% |
| BSE | 2019-20 | 3,735 | 1 | 0.03% |
| NSE | 2018-19 | 10,928 | 9 | 0.08% |
| BSE | 2018-19 | 2,638 | 1 | 0.04% |
| NSE | 2017-18 | 10,817 | 3 | 0.03% |
| BSE | 2017-18 | 4,129 | 2 | 0.05% |
| NSE | 2016-17 | 9,634 | 9 | 0.09% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit Yes Securities Complaints at BSE, NSE and MCX for detail report.
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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