Prabhudas Lilladher is one of the biggest stock trading companies in India right now. Now, in this article, we are focussing on all the reasons to open a Prabhudas Lilladher Demat account and the complimentary Prabhudas Lilladher Trading account.
The company started its operation in 1944, and since then, it has been a fan-favorite among its clients. There are several reasons why we should consider this corporate giant. We will discuss them later, but for now, you should know that they offer the Dematerialization of shares to their clients.
On top of that, both CDSL and NSDL are the depository participants. That said, the margin money is definitely on the higher end.
| Summary | |
| Depository Participant | CDSL & NSDL |
| Account Opening Charges | Rs 0 |
| Demat AMC | Rs. 450 |
| Trading AMC | Rs 0 |
| Margin Required | 75% Margin |
| Dematerialization Available | Yes |
What is Prabhudas Lilladher Demat Account & its Benefits?
We all can agree that Demat accounts are integral for online stock trading. So, what we expect is a top-notch service from a company of stature like Prabhudas Lilladher. Demat accounts provide you the facility of storing stocks and any other financial instrument you invest in.
So, here are some of the reasons you should open a Prabhudas Lilladher Demat account:
- It is ranked among the best stock broking companies in India. It is because of two chief virtues – sincerity and honesty. They serve people with integrity, and hence it pays off for them to be successful.
- One of the key reasons for choosing them over other stock trading companies is the fact that they can adapt to market adversaries. We all know that the Indian stock market is always volatile. So, it is crucial that an expert head can guide us amidst all the unknown territories.
- You should join hands with Prabhudas Lilladher as they are professional. You can expect timely reports, prompt charges, and helpful guidance every time.
Open Demat Account with Prabhudas Lilladher Now! – Fill up the Form
What is Prabhudas Lilladher Trading Account & its Benefits?
There are several reasons you should choose the Prabhudas Lilladher Trading account. The sole yet prime reason is that you need one to transact in the stock market. It establishes a link between the demat and the bank account.
Of course, you can’t perform online trading without one, but the following features should inspire you to select them:
- The first thing that we should check out is the brokerage fees. It is way less than most rival stock trading companies around.
- The additional offers they provide include Flexible Brokerage Plans, which is one of the best in the market.
- The team is experienced enough. So, you can rely on their judgments on predicting market trends if, in case you are new to the stock trading fraternity.
- One of the significant reasons to choose Prabhudas Lilladher is because of its product diversity. Not only are they a proficient stock trading company, but they also offer services like Futures, Mutual Funds, SIPs, and Insurance plans.
- They also offer top-notch IPO, PMS, and Robo Advisory services, which most companies failed to deliver.
You can check Demat Account details of other Brokers
What are the Prabhudas Lilladher Demat Account Charges?
| Charges | |
| Which is the Depository Participant involved? | CDSL & NSDL |
| What are the Demat account opening charges? | Rs 0 |
| How much is the Demat Account AMC ? | Rs. 450 |
| What is the Trading Account AMC? | Rs 0 |
| What is the initial Margin amount required? | 75% Margin |
| Is there any dematerialization available? | Yes |
If you are aware of the term “cheap things are not good, and good things are not cheap,” you should understand the working agendas of Prabhudas Lilladher. However, what is exciting is the fact that the overall fee structure when it comes to charging brokerages is pretty much within the budget.
Meanwhile, Prabhudas Lilladher’s account opening charges include a one-time payment of Rs 0. Yes, most people would agree that the cost is higher than other companies but is worth it. There is also an AMC for the Demat accounts. We will talk about it later.
However, one additional price they charge is the margin money. Interestingly, it is a minimum of 75% Margin. Now, the price is, of course, way higher than most companies, and that is not good news if you are a newbie in stock trading. Apart from fees, the Prabhudas Lilladher Demat account charges are justified.
How much is Prabhudas Lilladher AMC or Annual Maintenance Charge?
When any company ensures yearly maintenance of its sold products or services for a particular financial gain, it is called an Annual Maintenance Charge.
In this case, we are talking about the Prabhudas Lilladher AMC. They charge Rs. 450 per year for the AMC of the Demat accounts, while the Trading accounts are free, as there are no AMC fees involved.
How to Open Prabhudas Lilladher Demat Account?
Now once you are well-versed with the pricing structures to open Prabhudas Lilladher Demat account, it will perhaps the time to check out the step to create one. Here are the steps:
- The first obvious step is to find an option “OPEN AN ACCOUNT”. You need to click on that to begin the account creation process.
- You will now see a pop-up emerge on the screen soon enough. Fill out the form accordingly and submit the same.
- Then you will be routed to the page where you will need to fill up a simple form. Alongside that, you need to be handy with all the relevant KYC documents that you need to complete verification. All the required documents are Pan, Aadhaar, photograph, and canceled cheque.
- Once you go through with the steps, you will need to pay Rs 0 as the account opening fee.
- Then you need to track the progress of your KYC verification. Once that is done, you will get the respective login credentials to open your Demat and Trading accounts.
- Then, it is time for you to start trading online.
Find out Demat Account Opening Process of other Brokers
General FAQs on Prabhudas Lilladher Demat & Trading Account
Here are the general FAQs of Prabhudas Lilladher :
Does Prabhudas Lilladher provide a Free Demat A/C offer?
Yes. They provide a free Demat account.
Does Prabhudas Lilladher provide Free Trading A/C offer?
Yes. The Trading accounts are free to use as well. Along with that, there are no AMC fees involved either.
Is Prabhudas Lilladher offering Discounts on Brokerage?
Sadly, Prabhudas Lilladher doesn’t provide any sort of Discounts on Brokerage fees.
Does Prabhudas Lilladher offer Happy hour trading to their clients?
There is no concrete report that suggests they offer Happy Trading Hours. So, we have to assume that the feature is not available.
Is Prabhudas Lilladher providing a flexible brokerage plan?
Yes. Flexible brokerage plans are available.
Prabhudas Lilladher Demat Account – Conclusion
There are only a handful of companies like Prabhudas Lilladher in India right now. So, that alone is a good enough reason to open a Prabhudas Lilladher Demat Account. Now, of course, there are tons of compelling reasons to choose this company.
Brokerage fees are marginal, years of experience to back you, trading platforms are seamless, and very few complaints were registered in all these years. So, if you are willing to pay the margin money upfront, Prabhudas Lilladher is a fantastic institution to be associated with.
Open Trading Account with Prabhudas Lilladher Now! – Fill up the Form
Here are full demat account reviews of other brokers
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