Open a Sharekhan Demat Account

Open a Sharekhan Demat Account : A Demat Account is an account which you need in India in order to buy and sell shares. Earlier shares or stocks or a company were bought and sold in paper format. Now they are stored electronically. Just like money is saved in your bank account, Shares are stored in your Demat Account (sometimes also called DMAT account).

You can open a Demat Account with sharekhan. This is especially recommended if you have an online trading account with Sharekhan. You can then link you Sharekhan trading account with your Sharekhan Demat Account so that any shares bought with the trading account can be directly transferred to your Demat. Here is all information you need about Sharekhan Demat Account.

Documents Needed to Open a Sharekhan Demat Account.

1. PAN Card. Pan card is now mandatory in order to open a Demat Account.
2. Address Proof. Example- your ration card, driver’s licence, electricity bill, voters id or election card, etc.
3. Your recent photographs. Two or three.
4. A cancelled check. This may or may not be required. But carry your bank passbook and check book when you go to open a Sharekhan Demat Account.

Sharekhan Demat Account Charges

1. Sharekhan Demat Account Opening Charges: NIL
2. Sharekhan Demat Account Maintenance Charges: Rs. 75 per quarter, i.e. Rs. 300 per anum.
3. Sharekhan Demat Account Closing Charges: Rs. 100.
4. Sharekhan Demat Account Charges for Buying Shares: 0.02% , Minimum Rs. 15.
5. Sharekhan Demat Account Charges for Selling Shares: 0.04%, Minimum Rs. 15.
6. Sharekhan Dematerialization Charges: Rs. 3 per certificate or Rs 15 per request, whichever is higher.
7. Sharekhan Rematerialization Charges: Rs. 25 per certificate of 0.12% of the value of the securities, whichever is higher.
8. Sharekhan Demat Account Custody Fee: NIL
9. Charges for Requests to freeze or defreeze Sharekhan Demat Account: Rs. 25 per request.
10. Sharekhan Demat Account Charges for pledge creation/closure: 0.02%, minimum Rs. 15. For the latest updates PRESS CTR + D or visit Stock Market news Today

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