Sharekhan is a premier stock brokerage house in the Indian stock market. It has been serving in the industry since 2000 and it is the 3rd largest stock brokerage house in the country as well.
It has a huge network of brokers and sub-brokers, other business partners and presents services to over 550 cities of the country. The Sharekhan Demat Account brings a lot of facilities for the clients and the traders, in order to helps them trade seamlessly.
In this article, you will read about the various advantage and features of the Demat account offered by Sharekhan. This article also includes the account opening process along with the charges incurred during account opening and other charges attached to the account Sharekhan Trading Account.
Sharekhan Demat Account
The Sharekhan Demat Account is one of the most used Demat accounts in the country. It has ample of benefits attached to it and the most important benefits are:
The stockbroker is popular for its trading platforms as it offers various trading platforms to suit the client’s needs and requirements.
There are highly advanced trading terminal, mobile trading applications, online trading platforms browser-based and also, there are other options like Call and trade.
There are a variety of brokerage plans as well to facilitate different types of customers. Every trader trades differently and thus, there are different plans of brokerage to suit their needs.
There are brokerage schemes as per the volume of trades or the amount of margin you keep related to your trading behavior, and likewise your brokerage charges also vary. The more you trade, the less brokerage you have to pay is the logic followed by the broker here.
Exceptional Knowledge Center
Sharekhan apart from being the 3rd largest brokerage house in the country, it is also involved in spreading knowledge and awareness related to the share market.
There are different share market courses, investment-related training which are imparted by the brokerage house in different places for the interested traders, and others as well.
No Charges for Fund transfer
There are no extra charges that you need to pay for the transfer of funds from your bank account, or for making any transactions through the trading account.
No Charges for DP transactions: There are also no charges for the DP transactions and you can deposit and transfer the shares for free to the DP account.
It has more than 1800 branches all over India and across 550 cities in the country. There are over 17 lakhs customers who are registered with this share brokerage house and it is increasing every day. You can be a part of this huge network by having Sharekhan Demat account.
This feature is hardly offered by any other brokerage house, where you can keep your fixed deposits as collateral for trading in futures and options with Sharekhan.
There are other benefits of trading with Sharekhan Demat account as well, apart from the ones mentioned above. It will be beneficial for you to open the Demat account, if you want to start trading and also learn some basics.
Open Sharekhan Demat Account – Fill up the Form Now!
How to Open Sharekhan Demat Account?
To Open Sharekhan Demat Account, you have to first:
- Click on the “Open Demat Account” button below. A pop-up form will appear, Fill up that form.
- An executive will call you after going through your details, and share an EKYC link with you.
- Then you have to enter the PAN, AADHAAR details and also the bank details, i.e. the Account number and IFSC.
- You need to sign the form, as in the declaration, wherein you need to use the Aadhaar, and if you do not ownone, you need to sign in the form physically and submit.
- Then you have to upload the documents for verification. The documents that are required to be uploaded are PAN, AADHAAR, and Cancelled cheque. You have to scan these documents and upload them along with a photograph.
- Once you submit the form, you will receive the call from the executives of Sharekhan.
- Once your documents are verified, you will receive the login details in your registered mail, once your application gets verified and approved.
- Then you can start trading with your Sharekhan Demat and Trading account.
Sharekhan Demat Account Charges
|Sharekhan Demat Charges|
|Depository Participant||CDSL & NSDL|
|Account Opening Charges||Zero|
|Demat AMC||Free Rs.300 per annum|
The Sharekhan Account Opening Charges are nil. Yes, there are no Sharekhan Demat Account Charges or Trading account charges when you open an account with them. You can open the Sharekhan Trading and Demat account for free.
The Demat account is registered with both the depositories of the country that are NSDL and CDSL. It also provides free dematerialization of your physical shares into Demat format.
Since there are no account opening charges, it is a benefit for the clients as they need not pay any amount for the same and can easily get their account open and start trading. It is really amazing to see how such a big broking house offers free Demat account and trading account to all its customers.
Sharekhan AMC or Annual Maintenance Charges
Along with the account opening charges, the Sharekhan AMC can also be waived off, if the company offers you the same.
Otherwise the annual maintenance fee for the Demat account is Rs.300 which is quite nominal compared to many other brokers.
The facilities you get along with the products, as well as the service range offered by this brokerage house is higher than the amount you need to pay as maintenance.
There are no maintenance charges for the trading account though.
Sharekhan Trading Account
The Sharekhan Trading Account offers no margin trading facility. Yes, there is no margin that you are required to keep up with trading account in order to trade.
Apart from that, there is an exposure of 5 times what is provided to the Sharekhan trading account holders for the equity delivery trades, and for this there is an interest of 24% per year.
With the trading account, you can trade with a variety of investment options ranging from the equities to the mutual funds and derivatives. You can trade 10 times more than what you have in your trading and Demat account in case of intraday trades.
Sharekhan Demat Account – Conclusion
The Sharekhan Demat Account is one of the most popular options for the traders and it is also one of the safest and secure stock broking house.
There are variety of investment options that it provides, and also offers free Demat and trading account opening. The annual maintenance charge for Demat account is so low, which makes this stockbroker one of the famous brokers amongst its competitors in the country.
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