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Geojit Finance is one of the top prominent security members in India.  They have a strong presence in Kochi, Kerala and also have a vibrant presence in Gulf also.

They provide the facility to their customer is 3 in a 1 account, appoint a relationship manager, and provide trading tips and educational training.

Multi-channel services address the needs of more than 987,000 customers-a land-wide network with more than 479 offices and telephone service and dedicated Customer Care.

In this article get to know the detail of Geojit Finance Broker and will help to decide to trade with them.

Geojit Financial Services Offers

Table of Contents

Geojit BNP Paribas Rating & Review by Top10StockBroker

Geojit BNP Paribas Ratings & Review

About Geojit BNP Paribas

Company Type Public
Broker Type Full-Service Broker
Headquarters Mumbai, Maharashtra
Founder C. J. George & A. P. Kurian
Established Year 1986

Geojit Finance is a public Full Service Broker established in 1986. The prominent investment services firm in India, Geojit Financial Services, has a powerful presence in the Gulf.

The company has about 987,000 client base, a network of 479 office spaces and assets in total and managed valuable of Rs 38,500 crore specified on the national stock exchange (NSE) and the Bombay stock exchange (BSE).

C. J. George & A. P. Kurian is the originator and Managing Director of Geojit finance security. Rakesh Jhunjhunwala holds the major shareholders of the company Geojit Financial Services operates through joint projects and partnerships in the Middle East region.

The firm also has its existence in Bahrain through a business associated with the Bank of Bahrain and Kuwait.

They provide a large range of financial product investing and trading in Mutual Funds, Stock Broking, Investment Management, Portfolio Management, Currency Futures, Equities, Derivatives, Margin Trading, General Insurance, Life Insurance, Financial forecast, Wealth Management, and Advisory Services

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    Geojit BNP Paribas Brokerage Charges

    Brokerage Charges & Fees
    Equity Delivery 0.30%
    Equity Intraday 0.03%
    Equity Futures 0.03%
    Equity Options Rs 125 per contract
    Currency Futures 0.03%
    Currency Options Rs 125 per contract
    Commodity NA
    Minimum Brokerage Rs.20 per executed order
    Demat AMC Charges Rs.400
    Trading AMC Charges Free
    Margin Money Rs.15,0000
    Brokerage Calculator Geojit Brokerage Calculator

    The following brokerage applies to Ordinary Resident accounts only.

    • While Geojit costs brokerage in the future segments in the full-service stockbroking aspect on a medium scale, its options brokering is very costly for trading on delivery segments. Customers are therefore recommended to know which segment they wish to trade or put the money in and choose accordingly.
    • Brokerage for intraday trading in equity is 0.03%.
    • Rs.20 / contract or Rs 0.1 / share ever is a high concern to a maximum limit of 2.5% / share.
    • In case the contract note is delivered via post then Rs.20/- per Contract or 5 paisa per share whichever is higher subject to a maximum of 2.5% per share.
    • Derivative equity options apply & square off the position on Brokerage Rs.125 /- per lot which is very costly compared to another broker.
    • Trading in currency future brokerage of 0.03% and for currency options for Rs.125 per a lot of brokerages is levied.
    • Brokerage for trading on derivative futures expires at 0.030% of trade.
    • Additional charges are billed like taxes, levies and other statutory charges.

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    Geojit BNP Paribas Charges

    Other Charges
    SEBI Turnover Charges 0.00005% (₹5/Crore)
    STT Equity Delivery: 0.1% on both Buy and Sell
    Equity Intraday: 0.025% on the Sell Side
    *Equity Futures: 0.01% on Sell Side
    Equity Options: 0.05% on Sell Side(on Premium)
    Commodity Futures: 0.01% on sell-side (Non-Agri)
    Commodity Options: 0.05% on sell-side
    Currency F&O: No STT
    On Exercise transaction: 0.125%
    Right to entitlement: 0.05% on sell-side
    Stamp Duty (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
    GST 18% on (Brokerage + Transaction Charge + SEBI Fee)
    Margin Funding Charges
    Reactivation Charges Rs 20 per instruction
    Account Closure Charges Rs 30 per instruction
    Dematerialisation Charges Nil + courier charges @ Rs 35/-
    Pledge Creation Rs 50/- per transaction
    Pledge Invocation Rs 50/- per transaction
    Margin Pledge/Unpledge/ Pledge closure Rs 50/- per transaction
    Margin Repledge Rs. 15.5 + Rs. 15.5 (Rs. 31 per scrip)

    In addition to opening brokers and accounts, Geojit BNP Paribas levies its customers with respect to the transaction.

    • Geojit’s transaction costs of 00311% of the total turnover are quite marginal and comply with industry standards.
    • A securities tax of 0126% is a kind of tax imposed on gains from trading. This primarily involves equity, bonds, debentures and all marketable security that is traded at the security market
    • SEBI tax is charged 0.00005% of total turnover.
    • The trading stamp duty is dependent upon the customer’s address status.

    Geojit Other Charges

    • Dematerialisation – If you wish to convert your physical certificate electronically, you will be charged only courier charges @ Rs 35/-.
    • Rematerialisation – The charges for physical certificate conversion are Rs 10 for every hundred securities or part thereof; or Rs 10 per certificate, whichever is higher. The is an add-on charge of the courier, of Rs 35/- per scrip.
    • Pledge – Pledge creation charge is Rs 50/- per transaction, whereas there is no charge for pledge closure. As for pledge invocation, the charge is Rs 50/- per transaction.

    Geojit BNP Paribas Demat Account Opening Fees

    Demat Services
    Trading Charges [One Time] NIL
    Trading AMC [Yearly] Rs 0
    Demat Charges [One Time] Rs 100
    Demat AMC [Yearly] Rs 400
    Margin Money Rs.15,000
    Offline to Online Yes
    • The account opening charge for Demat with Geojit finance is Rs 100 and they are for Agreement Stamp Paper.
    • Maintaining of Demat account is Rs 400 payable yearly.
    • The maintenance charge for trading is free.
    • Charges for opening an account for trading are Rs 0.
    • Shares are deposited in the Demat account that you open with any broker which you buy, and your depository will rely on which broker you sign, Stocks will be deposited in your Demat account. Geojit is registered with CDSL and NSDL.
    • Traders need to maintain Rs 15,000 as a marginal amount as security.

    Geojit BNP Paribas Offers

    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
    • Trading with Geojit finance offers a range of financial products for traders.
    • Demat accounts are offered by depositing Rs 400 to permit traders to hold their shares.
    • A Trading account is exercised for placing orders on the stock market for placing and selling orders. They offer a trading account free of cost.
    • Geojit brokers provide flexible plans for brokerage. Traders can choose a plan according to their preferences.
    • Holiday offers are provided to their selected traders to promote trading.

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    How to open Demat Account with Geojit BNP Paribas?

    1. To open a Demat account with Geojit Finance, click on the “Open Demat Account” button below.
    2. A Form will open asking for your Name, Mobile no & City.
    3. Fill out the form with all the required detail.
    4. You will receive a call from a representative to make a visit at a preferable time.
    5. A representative will visit and collect all documents from you.
    6. Your Demat account will be opened and you will receive account details.

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      Why Open Geojit BNP Paribas Trading Account?

      • At the very same time, when you trade via Geojit, you have the following benefits:
      • Offers an account of 3-in-1 to its customers in association with certain prominent banks which takes away the concern of reassigning across accounts
      • Advanced internal technological platforms with frequent inventions and changes
      • An old brand name has thus achieved considerable confidence in the market in the security broking industry.

      Geojit BNP Paribas Products & Services

      List of products & services provided to its clients

      Geojit BNP Paribas Products:

      Equity Trading Yes
      Commodity Trading No
      Currency Trading Yes
      Options Yes
      Futures Yes
      Mutual Funds Yes
      Forex No
      Banking No
      SIP Yes
      Insurance No
      • Geojit financial present various financial products to trade and invest options.
      • Provide facility to trade in the equity security market.
      • Provide a platform to trade in currency trading.
      • Allow traders to trade in equity derivative options and future markets.
      • Offer their customers to invest in mutual funds and SIP.
      • They are well-known to offer one of the best products for PMS or portfolio management.

      Geojit BNP Paribas Services:

      Demat Services Yes
      Trading Services Yes
      3 in 1 Account No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations Yes
      Robo Advisory No
      PMS Yes
      Trading Institution No
      Trading Exposure Upto 5x
      • Provide a Demat account to hold the credentials of financial instruments like shares, bonds, government securities, mutual funds etc.
      • Trading Services for buying and selling stock in the security market with hassle-free experience are provided.
      • An intraday service is offered for choosing the right stock and opting for those that have a higher correlation with major sectors and indices. They also help you to inherent risk in intraday trading.
      • IPO in the detailed investigation to decide your readiness for IPO. They provide detailed reports for IPO.
      • Updated stock research reports with buy recommendations and also with the target prices prediction and upside. Provides free stock trading tips for every segment to trade.
      • Provide trading exposure of 5 times by broker.

      Geojit BNP Paribas Research, Advisory & Stock Tips

      Research & Advisory
      Fundamental Reports Yes
      Research Reports Yes
      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
      • Geojit finances a full-service stockbroker and regularly provides its customers with research and tips. In contrast, as demonstrated below, research is divided into many aspects based on the trading segment of Equity, Mutual Funds, Currency and IPO Analysis.
      • Research reports, advice and tips are available to customers through Email and SMS.
      • With regard to research accuracy and reliability, Geojit only offers industry standards at the average level. Users should make their analyzes using Geojit’s research unit to justify and verify the broker’s suggestions and tips.
      • Daily Market Review is offered to keep you updated on the market index movements of Sensex & Nifty. Also points to the precise stock index movers, gainers/losers, and segment movement. It is provided on daily bases.
      • Offer a good fundamental report to be kept up-to-date comprising market analysis and details about companies and corporate communications.
      • Free stock tips for trading with all proper levels to entry, exit and stop loss are mentioned free of cost.
      • IPO reports are offered to traders.
      • They appoint personal representatives to every customer to resolve any enquiry.
      • Reports are provided monthly and weekly bases.
      • They are offered offline customer support by assisting over the phone or can visit a branch office.

      Geojit BNP Paribas Exposure or Leverage

      Exposure / Leverage
      Equity Delivery 1x
      Equity Intraday Upto 5x
      Equity Futures 1x
      Equity Options 1x
      Currency Futures 1x
      Currency Options 1x
      Commodities Future 1x
      Commodities Option 1x
      Margin Calculator Geojit Margin Calculator
      • The Geojit BNP Paribas offers its customers the following limits-only Equity in Geojit finance security for making trading a little easier for trading to its customers.
      • Geojit is among the security broker that provides the minimum exposure to customers to trade.
      • Traders are offered the maximum exposure of 5 times in trading Equity Intraday.
      • For equity deliver trading segments, the brokers provide exposure of Upto 1x with 22% interest per year.
      • However, exposure or leverage is a dangerous notion and it is advisable to stop using this notion unless you realize the effects and risks involved with it. Taking exposure can possibly take up your trading capital also.

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      Geojit BNP Paribas Trading Platforms

      Trading Platforms
      Desktop Platform – Windows Yes
      Desktop Platform – Mac Yes
      Desktop Browser Platform Yes
      Mobile Site Platform No
      Android App Platform Yes
      iOS App Platform Yes
      Windows App Platform No
      Other Mobile OS Platforms No
      Real-time Updates Yes
      Portfolio Details Yes
      Online MF Buy Yes
      News Flash Yes
      Research Reports Yes
      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

      Trading Platform help to trade easily by supervising & track your portfolio. The transactions get automatically updated.

      Provide a platform to easily trade in stocks, currency, and commodities; invest in mutual funds. Obtain the newest market data with extensive Research Reports & charts. Handle the income in the same login information.

      • Provide trading on all different market segments
      • Offer Real-time Market notification.
      • Keep informed on top market gainers & losers for trading.
      • You can stay updated on trading reports, holdings & limits
      • You will get the right to use contract notes, ledgers etc

      Geojjit Finance Web-Based Trading Platform – Geojit Finance Flip Lite 

      FLIP Lite is a web browser-based application it helps the trader to trade also in a slow-speed internet connection. You can easily supervise & track your portfolio.

      Get your transactions automatically updated. Provide a platform to easily trade in stocks, currency, and commodities; invest in mutual funds.

      Obtain the newest market data with extensive Research Reports & charts. Handle the income in the same login information.

      • Helps to invest across all different segments.
      • It is a very compact and light weighted application it requires a simple basic configuration
      • Traders are conformed confirmations communicated via email and SMS
      • Research and advice from over 120 firms throughout 6 sections listed in the stock market.
      • The home tab offers options like the market watch, book of orders, business book and the view of the funds. These features are one click away, and therefore you won’t have a lot of concerns about obtaining this app even if you are a learner-level dealer.
      • Users can prepare chosen featured windows in several desktop screens with multi-desktop functions and switch between them.
      • Perform at a good speed and proposes high performance at all internet bandwidth.
      • Provide quick application and analysis with personalized shortcut keys.

      Geojit Finance Web-Based Trading Platform – Geojit Finance Flip Gold

      FLIP Gold Platform is also a web browser-based application for trading that allows you to trade accessed from any part of the world.

      For those who frequently travel and thus cannot access their own trading web browser, the FLIP Gold Platform is perfect. All online customers can use this Platform freely.

      • The trading platform has a feature to update at Real-time.
      • Advanced charts with technical indicators with trading charts. You can pick any indicator to trade by selecting your own parameters for the indicator.
      • Can easily get portfolio history at any time with a single login.
      • The Account gives an easy preview of the cash balance, positions, ordering status, portfolio results throughout schedules, and financial data in a single view.
      • Easy order type across asset classes with put-together market profundity and advanced charts
      • Offers the versatility to pick the mutual funds you wish to buy or choose from expert advice.
      • Get intensive market information such as top performing and losing stocks, the most active stocks, top events, news and more through the trading portal advanced asset classes.

      Geojit Finance Mobile Trading App – Geojit Selfie Mobile Trading App

      Selfie is a Mobile Trading. It is the best fit for all types of users.

      • One-tap widespread instrument to search for all contracts across all exchanges NSE, BSE and MCX
      • Multiple market-watch and live market depths.
      • Provide advanced indicators with more than 100+ indicators.
      • Enables you to analyze the fundamental news by analyzing technical and company data
      • A trader can invest in diverse segments such as Equity, Commodity, Currency as well as mutual funds
      • Data analysis with data with a report of 52-week high/low, gainers and losers of the day etc are presented
      • Great work on 2G, 3G & 4G Internet access on all smartphones.
      • In an attempt to give a quick assessment of their trades, customers can access trade calls and fundamental research reports. These calls appear in the menu section of the research and are noticeable with constant updates on the screen.
      •  One tap news and report update control to get the share market alert. Traders can set alerts and updates as required.
      • As Geojit Finance is a complete service provider, users will get regular reports, tips and market advice from this application.
      • The trader can install market data and financial data in an excellent layout to perform a fast analysis and crushing of numbers.

      Geojit BNP Paribas Customer Support

      Customer Support
      Dedicated Dealer Yes
      Offline Trading Yes
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support No
      Toll-Free Number No
      Branches 489
      • The full-service stockbroker provides its customers with email support means of communication.
      • Geojit presents both quality and quantity in customer support with various channels of communication. In fact, the broker set up a portal to support his existing user base. In this portal, customers can log problems, receive turn-around data and, finally, create a customized approach. In this way, the customer will be informed every time a ticket action is required.
      • Moreover, when users seek Offline support. Traders can also be able to solve their problems by phone, and direct visit branches. There is a total of 489 branches around India.
      • In general, the broker offers customer service to its users higher than average.
      • They offer Online and Offline trading for trading support.
      • Heat maps and stock scanners for fast evaluation of important data. Due to technical parameters such as the Super Trend or RSI, you can find numerous trading opportunities using those scanners.

      Geojit BNP Paribas Complaints & Feedback

      Complaints (Current Year)
      Lodged in BSE 187
      Resolved in BSE 176
      Lodged in NSE 214
      Resolved in NSE 198

      In the year 2018–19 Geojit Finance Paribas, many complaints have been lodged with an active traders base grievance rate of 0.01 %. This full-stock broker service is much safer than that of the sector standard.

      • In BSE total of 187 complaints was lodged and 176 were resolved.
      • In NSE total of 214 complaints were lodged and 198 were resolved.

      Geojit BNP Paribas Disadvantages

      • Some of the issues you have to understand if you choose to open your full-service security broker demat account are these:
      • Brokerage in comparison to other full-service brokers is ridiculously high
      • Commodity trading is not permitted throughout the segment
      • No desktop and no smartphone trading apps for iOs platforms are accessible
      • The exposure is proposed across segments except for Equity Intraday.

      Geojit BNP Paribas Conclusion

      Therefore, Geojit is one of the security brokers who has experienced the industry’s ups and downs and has managed to maintain its dynamism. But the broker could not establish decision-making around a particular customer centre for itself.

      Whereas they offer nominal brokerage fees with decent service to the customer and a convincing factor for the brand, with so many competitors still out, the broker cannot be characterized as a challenger or one of the top brokers.

      You should have a thorough discussion of pricing, hidden fees, trading platform fees etc so that you stay informed on any type of price you could be collected afterwards if you are planning to open an account with the broker.

      Geojit Finance Review – FAQs

      Is Geojit Finance safe for trading?

      Yes, Geojit Finance is safe for trading. Geojit Finance is one of the top prominent security members in India. Having serviced almost a million customers, and managed Rs. 38,500 crores specified on the national stock exchange (NSE) and the Bombay stock exchange (BSE), the company’s spotless reputation precedes itself and makes it trustworthy.

      What is the brokerage of Geojit Finance?

      As full-service brokers, the company charges upto 0.3% for Equity Delivery Trading and as low as 0.03% for Equity Intraday, Equity Futures and Currency Futures Trading.

      How to open the Geojit Finance demat online?

      To open a demat account with Geojit Finance, customers can click on the “Open Demat Account” button below, which will allow a form to appear on their screens. They are requested to fill out and submit the form, post which they will receive a call from a representative who will guide them further.

      Can I invest in an IPO via Geojit Finance?

      Yes, you can. You will require a bank account with Self-Certified Syndicate Bank, a demat account with Geojit Finance for credit of shares and a trading account with Geojit Finance to sell the shares after getting credit. The last one might be skipped if you’re investing for the long term.

      What Leverage does Geojit Finance provide?

      Geojit Finance provides upto 5x leverage for Equity Intraday, up to 1x with 22% interest per year for delivery. The rest of the segments are not applicable for margin or exposure.

      Does Geojit Finance have a trading App?

      Yes, Geojit Finance has the Geojit Selfie Mobile Trading App, fit for all types of users. It acts as an instrument allowing customers access to all contracts across all exchanges,  reports, advanced indicators, data analysis etc.

      How to contact Geojit Finance customer care?

      Geojit Finance customer care can be accessed either online through email support or offline by visiting one of its 489 branches. Support for offline and online trading as well as a dedicated dealer is provided by the company.

      Does Geojit Finance provide Research?

      Geojit Finance acts as a pinnacle for swift and thorough research. The research provided spans many aspects based on the trading segment of Equity, Mutual Funds, Currency and IPO Analysis, and includes reports, free stock tips and a relationship manager.

      Is Geojit Finance good for Beginners?

      Yes, Geojit Finance is good for beginners. They offer a good part of their expertise to their customers in the form of daily market reviews, weekly and monthly reports, offline advisory, stock tips etc. making it a good fit for even beginners or amateurs.

      Who Founded Geojit Finance?

      C.J. George and A.P. Kurian founded the company back in 1986 and laid down its headquarters in Mumbai. Today, the company has a prominent presence in the Gulf.

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