In this article, we are going to look into the advantages of opening a Geojit Demat Account. We will also discuss the costs and charges associated with opening a Geojit Trading Account.
Geojit Finance is one of the top investment services firms in India which provides Demat services to their clients. They are based out of Kochi, Kerala and have been in the industry for an upwards of 30 years.
They offer many investment services which include equity trading, derivatives, currencies, portfolio management, as well as mutual funds. The company is also registered with SEBI which allows them to give Demat services to their clients.
| Summary | |
| Depository Participant | CDSL & NSDL |
| Account Opening Charges | Rs 100 |
| Demat AMC | Rs.400 per Annum |
| Trading AMC | Rs 0 |
| Margin Required | 75% Margin |
| Dematerialization Available | Yes |
What is Geojit Demat Account & its Benefits?
A Demat account is like a bank account which instead of holding money, holds shares, bonds, securities, debentures, etc. that you have purchased.
Geojit Finance is registered as a depository participant (DP) with the CDSL & NSDL which allows them to provide Demat account services to their customers. Herein, you can open Geojit Demat account and use it to store your shares in electronic form.
Some of the advantages of opening a Demat account with Geojit Finance are as follows:
- They provide all the services that you would expect from a Demat account at very competitive rates.
- You are required to maintain a margin of Rs.15,000 in your Geojit Finance Demat Account which allows you to buy shares with money that you do not already have in your account.
- The Annual Maintenance Charges (AMC) for your Demat account will be Rs.400 per annum which is quite less when compared to other Demat account providers in the market.
Open Demat Account with Geojit Finance Now! – Fill up the Form
What is Geojit Trading Account & its Benefits?
A trading account is an account which is used to place trades in the stock market. The Demat account will be used to store the stocks that you own whereas the trading account will act as an intermediate account between your Demat account and the Stock market.
Designated advantages of having a Geojit Finance Trading account are as follows:
- There are no Annual Maintenance Charges (AMC) for trading accounts with Geojit Finance so you do not have to worry about paying an annual fee for your trading account.
- You can trade across multiple segments with a Geojit Finance Trading account such as Equity, Equity derivatives, Currencies, etc.
You can check Demat Account details of other Brokers
What are the Geojit Finance Demat Account Charges?
| Charges | |
| Which is the Depository Participant involved? | CDSL & NSDL |
| What are the Demat account opening charges? | Rs 100 |
| How much is the Demat Account AMC ? | Rs.400 per Annum |
| What is the Trading Account AMC? | Rs 0 |
| What is the initial Margin amount required? | 75% Margin |
| Is there any dematerialization available? | Yes |
To open a Demat account with Geojit Finance, you are required to pay Geojit Account Opening charges of Rs.100 as Demat account opening charges. Upon that, there is an Annual Maintenance Charge (AMC) of Rs.400 per annum as Geojit Finance Demat Account Charges.
You are also required to maintain at least 75% Margin as margin money in your account. You are not required to pay any Annual Maintenance Charges for the trading account with Geojit Finance. This is an advantage as you do not have to pay separate trading AMC charges for your trading account with Geojit Finance.
How much is Geojit Finance AMC or Annual Maintenance Charge?
The Annual Maintenance Charges (AMC) for Demat account with Geojit Finance is Rs.400 per annum. This is quite less when compared to other Demat account providers in the market. Upon that, the Geojit Finance AMC for trading account is free of cost.
This makes Geojit Finance a good option for your Demat and trading account requirements as they do not charge any annual maintenance charges for their trading account and the charges for the Demat account is quite low as well.
How to Open Geojit Demat Account?
The procedure of opening a Demat account is quite simple. You have to follow the steps given below to Open Geojit Demat Account:
- Click on the button titled “Open an Account” at the bottom of this page.
- You will be redirected to a new page with a form. Fill the form with your Email address as well as your mobile number.
- Click on the button titled “Open an Account”.
- A verification email will be sent to the email ID you have mentioned in the form. Click on the link in the email to verify your Email ID.
- Now, you are required to submit the required documents for further verification after which you will receive your account details on your registered Email address.
- You may also receive a verification call from the company.
Find out Demat Account Opening Process of other Brokers
General FAQs on Geojit Finance Demat & Trading Account
Here are the general FAQs of Geojit Finance :
Does Geojit Finance provide a Free Demat A/C offer?
No, Geojit Finance does not provide free Demat account offer. You are required to pay a one time charge of Rs.350 to open a Demat account with the broking house.
Does Geojit Finance provide Free Trading A/C offer?
Yes, Geojit Finance provides free trading account offer to their clients. You are not required to pay either a one-time charge or an Annual Maintenance Charge for a Geojit Finance Trading Account.
Is Geojit Finance offering Discount on Brokerage?
Yes, you are offered a discount on brokerage charges if you open a Demat account with Geojit Finance.
Does Geojit Finance offer Happy hour trading to their clients?
No, there is no Happy Hour trading scheme available for the clients of Geojit Finance.
Is Geojit Finance providing a flexible brokerage plan?
Yes, Geojit Finance provides flexible brokerage plans according to their client’s preferences.
Geojit Demat Account – Conclusion
Geojit Finance is a seasoned financial services provider which has been in the industry for an upwards of 30 years. They provide Demat account services to their clients among other financial services.
To open a Geojit Demat Account, you are required to pay a one-time fee of Rs.100 and Annual Maintenance Charges of Rs.400. There are no AMC charges for their trading account. Geojit Finance offers a Demat account with all the required features at a competitive price point.
Open Trading Account with Geojit Finance Now! – Fill up the Form
Here are full demat account review of other brokers
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