Bansal Finstock Review, Brokerage Charges, Demat Account & More
Last Updated Date: Dec 01, 2022Bansal Finstock Private Limited (Bansal Finstock) as a member of Bansal Group is the well-grounded stock broking company in India. It is a registered member of almost all stock exchanges.
This article will mainly turn the attention on Bansal Finstock reviews, Bansal Finstock reviews Brokerage charges, Bansal Finstock trading platforms, Bansal Finstock demat account procedure and other necessary information.
Bansal Finstock Ratings & Review by Top10StockBroker
Experience | 2.9/5 |
Products & Services | 3.4/5 |
Brokerage Charges & Fees | 3.1/5 |
Stock Research & Advisory | 3.3/5 |
Trading Platforms | 2.9/5 |
Overall Ratings | 3.2/5 |
Star Ratings | ★★★☆☆ |
About Bansal Finstock
Company Type | Private |
Broker Type | Full Service Broker |
Headquarters | Bhavnagar, Gujarat |
Founder | Rashmin Relia |
Established Year | 2004 |
Bansal Finstock is established in the year 2009 in Bhavnagar, Gujarat. It intends to provide various financial products such as equity, commodity, currencies, and IPOs to its clients.
It also provides Internet trading, Mobile trading, Insurance, Loans, NRI Services, Deposits, and Bonds. The company is registered with SEBI as a Broker to provide Broking services to the traders. It is also a registered Depository Participant with CDSL.
Open Demat Account with Bansal Finstock
Bansal Finstock Brokerage Charges
Here are the Bansal Finstock further Brokerage Charge details.
Equity Delivery Trading | 0.2% – 0.3% |
Equity Intraday Trading | 0.02% – 0.035% |
Commodity Options Trading | 0.02% – 0.035% |
Equity Futures Trading | 0.02% – 0.035% |
Equity Options Trading | Rs.20 – Rs.30 per Lot |
Currency Futures Trading | 0.02% – 0.035% |
Currency Options Trading | Rs.15 – Rs.30 per Lot |
Minimum Brokerage | Percentage of Transaction |
Demat AMC Charges | Rs.300 per Annum |
Trading AMC Charges | Free |
Margin Money | Minimum Rs.10,000 |
Brokerage Calculator | Bansal Finstock Brokerage Calculator |
Brokerage charges are one of the essential payments imposed to the traders and traders are required to pay as long as they wish to trade in the stock market. Hence it is recurring in nature.
If we talk about Bansal Finstock brokering charges, then its brokerage charges are as follows:-
The brokerage charged by the company is 0.2% – 0.3% for Equity Delivery Trading and 0.02% – 0.035% for Equity Intraday Trading,
In currency option trading and equity option trading, the brokerage charges rely on your initial deposit which is given in the range of Rs.15 – Rs.30 per Lot and Rs.20 – Rs.30 per Lot respectively.
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Bansal Finstock Other Charges
The company other charges are barest and are not likely influence the ROI of the investors.
Transaction Charges | 0.00265% |
STT | 0.0126% of Total Turnover |
SEBI Turnover Charges | 0.0002% of Total Turnover |
Stamp Duty | Depends on State (very minimal) |
GST | 18% of (Brokerage + Transaction Charges) |
The company other charges are barest and are not likely influence the ROI of the investors.
Bansal Finstock Demat Account Opening Fees
Depository Source | CDSL & NSDL |
Account Opening Charges | Rs.300 |
Demat AMC Charges | Rs.300 per Annum |
Trading AMC Charges | Free |
Margin Money | Minimum Rs.10,000 |
Offline to Online | Yes |
- Full-service stockbroker one –time trading account opening charges Rs.300
- The stock broking company Demat AMC charges is Rs.300
- The stock broking company trading AMC is absolutely free
- The company also entails minimum margin of R.10000 from the investors.
Bansal Finstock Offers
Investors are compelled to shell out some other charges of the company beyond its brokerage charges and fees.
Free Demat Account | No |
Free Trading Account | Yes |
Discount on Brokerage | Yes |
Trading Happy Hours | No |
Flexible Brokerage Plans | Yes |
1 Month Brokerage Free | No |
Holiday Offers | Yes |
Referral Offers | No |
Zero Brokerage for Loss Making Trades | No |
The investors can enjoy following offers provided by the company:
- Customized Insurance Products
- The company also provide referral offers in which if one investor will refer its services to other investor and that investor purchase company products or take the company services then the investor who is referring will get some percentage of discount
- The stock broking company ease its clients by providing them few percentage of discount on brokerage
To know about offers of other stock brokers check below
How to Open a Demat Account with Bansal Finstock?
All you require:-
- Aadhar and Pan card
- Mobile number linked with Aadhar card
- Cancelled Personalise cheque
Few effortless ways to open a demat account with Bansal Finstock –
- Fill up the form by clicking on Open Demat Account button
- They will ask you & take a meeting request
- You can reach to the nearest branch of the company and their one of the representative will assist you. They have 380 branches in the country, you can visit your neighboring branch.
- You can even mail them your details on their email id info@bansalonline.com
Why Open Bansal Finstock Trading Account?
The various reasons to Open trading a/c with bansal finstock are –
- The pricing strategies of the company are quite aggressive
- It provides optimum business resolutions to the investors of new-era
- It provides customized services to NRIs for assisting them to maintain financial ground in India
- The technology utilized by the company is effortless and vigorous
- The company is modern in its approach
Get a Call back from Bansal Finstock
Bansal Finstock Products & Services:
Here are the list of Products & Services provided by Bansal Finstock:
Bansal Finstock Products
Equity Trading | Yes |
Commodity Trading | Yes |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | No |
Forex | No |
Banking | No |
SIP | No |
Insurance | Yes |
The foremost products which the full-service stock brokers are IPO and life insurance and non life insurance products.
The company insurance products are customized and the investors can choose the insurance products according to their needs and requirements.
Bansal Finstock Service Offerings
Demat Services | Yes |
Trading Services | Yes |
3 in 1 Acount | No |
Intraday Services | Yes |
IPO Services | Yes |
Stock Recommendations | Yes |
Robo Advisory | No |
PMS | No |
Trading Institution | No |
Trading Exposure | Upto 7X |
The leading service of the full service stock broker is to render brokerage service to the traders in the equity, derivative, currency and commodity segments.
It is engaged to provide all its investment related services at one place. The company advisory service helps the investors to make the feasible and effective decisions. The company also provides depositary services.
Bansal Finstock Research, Advisory and Stock Tips
Below table shows the proper detail of the Bansal Finstock Research and advisory services:
Fundamental Reports | No |
Research Reports | No |
Company Reports | No |
Annual Reports | No |
Company Stock Review | No |
Free Stock Tips | Yes |
IPO Reports | Yes |
Top Picks | Yes |
Daily Market Review | Yes |
Monthly Reports | Yes |
Weekly Reports | Yes |
Offline Advisory | Yes |
Relationship Manager | Yes |
The company provides following research and advisory service to its clients.
- Daily Market Review
- Company monthly and weekly reports
- Experienced and knowledgeable relationship manager who resolve the investors queries related to their investment and financial products
- The company also comfort the investors by delivering the free stock tips and IP reports
Bansal Finstock Exposure or Leverage
Here are the brief details on the exposure limit you will come across in distinct trading segments.
Equity Delivery | Upto 2X |
Equity Intraday | Upto 7X |
Equity Futures | Upto 3X |
Equity Options | Upto 5X |
Currency Futures | Upto 3X |
Currency Options | Upto 2X |
Commodities | Upto 3X |
Margin Calculator | Bansal Finstock Margin Calculator |
- The company provides up to 7 times on equity intraday and 2 times on equity trading
- These exposures or leverage can be improved with the trader’s usage and credibility.
Find Exposure or Margin of other Stock Brokers
Bansal Finstock Trading Platforms
Here are the thorough details on various trading platforms offered by Bansal Finstock to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.
Desktop Platform – Windows | Yes |
Desktop Platform – Mac | Yes |
Desktop Browser Platform | Yes |
Mobile Site Platform | Yes |
Android App Platform | No |
iOS App Platform | No |
Windows App Platform | No |
Other Mobile OS Platform | No |
Real time Updates | Yes |
Portfolio Details | Yes |
Online MF Buy | No |
News Flash | Yes |
Research Reports | No |
Easy Installation | Yes |
Global Indices | Yes |
Stock Tips | Yes |
Personalized Advisory | No |
Interactive Charts | Yes |
Live Markets | Yes |
SMS Alerts | Yes |
Email Alerts | Yes |
Multi Account Management | No |
It provides a range of trading platform throughout terminal, web and mobile platforms. These trading platforms can be used according to the client’s comfort and choice
Bansal Net.Net – Bansal Web-based Platform
It is provided by net. Net and also called as BANSAL Net.Net.It ease the traders to execute their buy and sell orders in both equity and debt securities in a flawless and prompt manner.
Bansal Nest – Bansal Finstock Trading Terminal
The desktop trading platform of the company is known as BANSAL Nest. It retains various technical indicators and charts that provide a comprehensive approach to the shares.
The trading terminal also helps to look at the market statistics of the stocks, compare and analyze them. It can comfortably generate order reports; trade reports back office and DP reports.
Bansal Wave App – Bansal Finstock Mobile Trading App
The mobile application of the company is known as Bansal Wave. It is newly launched app in the market. This app facilitates the investors in buying, selling and checking various reports with their fingertips.
It has modern features like live market data from the exchanges, diverse reports for the trading account, chart view for the better understanding of the scripts, It is a speedy and trouble-free application.
Bansal Finstock Customer Care
The broking company offers the following networks of communications to its users as given below:
Dedicated Dealer | No |
Offline Trading | Yes |
Online Trading | Yes |
24*7 Support | No |
Support Number | NA |
Email Support | Yes |
Chat Support | No |
Toll Free Number | No |
Branches | 13 |
Bansal Finstock provides exemplary customer services to its clients through its proficient and train customer service team. The company agents make every possible effort to resolve their client’s grievances as soon as possible.
The clients can come in contact with the company regarding their issues with the aid of following network of communications.
Bansal Finstock Complaints and Feedback
Find the list of complaint against Bansal Finstock
Lodged in BSE | 1 |
Resolved in BSE | 1 |
Lodged in NSE | 13 |
Resolved in NSE | 13 |
Below table provides you the report about the number of complaints received by the stock exchanges from the company clients.
This report basically analyzes the company online complaints data received by both BSE and NSE stock exchanges. These are serious complaints which the broker of the company failed to resolve.
Bansal Finstock Disadvantages:
Following are the list of cons –
- It has less number of branches across the country
- The customer care services are not quite efficient
- Its mobile application is certainly new and retains certain software issues
Bansal Finstock Conclusion
It is recommended to avail the services of the Bansal Finstock as they provide customized services according to the traders’ needs.
The advisory service provided by the company to its clients is Virtuous. The Company also uses advanced technology. It makes every possible effort to provide feasible solutions to the traders.
Therefore, it can be beneficial for the traders to get in touch with Bansal Finstock.
Open Demat Account with Bansal Finstock
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