EFASAND: Top 7 Public Sector SHARE MARKET BRORKER: LET'S HAVE A LOOK

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Thursday, 28 February 2019

Top 7 Public Sector SHARE MARKET BRORKER: LET'S HAVE A LOOK

In the Era of the finance, Every Guy must hear about share market trading. Some Guy who admiring to become rich or want to invest there money must know about mutual funds, share market trading and so on...


Today we will suggest you about top Share Market Broker to whom Indian should open your DEMAT trading account. 


Who can open TRADING OR DEMAT ACCOUNT:- 

An individual, Non-Resident Indian, Foreign Institutional Investor, Foreign National, Corporate, Trusts, Clearing Houses, Financial Institution, Clearing Member, Mutual Funds, Banks. 

PROCEDURE TO OPEN A DEMAT ACCOUNT:-

● You just need to fill out the opening account form and submit a copy of an applicant's photo with a copy of an address document, e. G. a photocopy of a driving license / Card / Passport / Voters Card / Electricity bill(recent) and a copy of your bank statement / Pass book. 

● Once your application has been completed, your Demat account number will be notified immediately. As sole identity evidence pursuant to SEBI Guidelines, PAN Card Compulsory.

●  Additional advantages designed for your convenience are also available. From time to time, you are provided with transaction reports and other additional statements. Freezing / Defreezing Facility, appointment facility also available.



Demat Activity or share trading include:


  • Opening and maintaining of Demat Accounts
  • Dematerialization
  • Rematerialisation
  • Purchases
  • Sales
  • Pledging and unpledging
  • Safe custody 

Let's start



Top 51 SHARE MARKET BRORKER: LET'S HAVE A LOOK:


We are dividing all Demat account in the two parts by the Operation Bank or Non-operational Bank  Sector provider.

Let's start with 1st section

◆ TRADING ACCOUNT/ DEMAT ACCOUNT PROVIDED BY  OPERATIONAL BANK:-


1.  Allahabad Bank :- 

Allahabad Bank Run it's SHARE MARKET Trading or Demat account venture under The Trade mark of AllBank e-Trade Facility. 

Basic Feature of AllBank e-Trade Facility DEMAT account:-


● Allahabad bank demat account support Online, Mobile and Offline DEMAT account access.

● Customers can now have complete control over their funds as well as use unused funds with 'Lien Marking of Funds' facility after trading hours.

● In the Demat account held with the Bank with "DP Lien Facility," the customer can select equity and the number of shares that he wants to sell. 

● Comfort of instant trades without the need to transfer funds from bank account to trading account and vice versa. 

● Smart way to buy and sell stock through Demat account, Basket Order, Cover Order, AMO etc. Smart way of doing so.

● Aditya Birla Money's quality research and consulting support can help you to take informed choices ; customers can also obtain premium research and mobile stock tips.

● No additional order placing costs at any time, anywhere at the Call & Trade facility. 

●Access to latest business news, technical analysis, research news. Contract / bills / leaders, trading bills, net position details, etc.) generate / see / print reports and details related to accounts anytime and everywhere.

● High and multiple security levels guarantee the continuous security of your data and transactions.

For more details: Log in to https://www.allahabadbank.in/E-Trade.aspx 

2. Andhra Bank:-



Andhra Bank Run it's SHARE MARKET Trading or Demat account venture under The Trade mark of AB e-Trade.

● Feature Of AB e-Trade demat or Trading account:-

 AB e-Trade offers 3 in 1  saving account for Demat or share Trading account.

Rate for opening AB e-trading account:-


Sl NoTariff ParticularsRevised
1.Account opening/closureNil
2.Annual Membership chargesFor Individuals: Rs. 300/- (upfront) + applicable service tax
For Corporates: Rs.750/- (upfront) + applicable service tax.
(ANDHRA BANK RESERVES THE RIGHT TO REVISE THE RATE STRUCTURE FROM TIME TO TIME GIVING 30 DAYS NOTICE)
3.Dematerialization ChargesRs 2/- per certificate+mailing charges Rs. 20/- in India and Rs. 500/- for foreign address
4.Rematerialization ChargesA fee of Rs.15/- for every 100 securities or part thereof(or) A flat fee of Rs.15/- per certificate whichever is higher. However, no fee shall be collected in case of Government securities where Re-materialization is used for transfer to other SGL Participant account and units of UTI and other Mutual Funds where Re-materialization is used for redemption/repurchase.
5.Transaction Fee
Market Purchase/ Off Market Purchase
Market Sale/ Off Market Sale

Nil 
0.04% of market value (per transaction)(minimum of Rs.20/-)
6.Pledge: Creation/ Confirmation/ Closure/ InvocationRs. 50 /- per instruction
7.Holding statement
Account holders will be provided holding statement free every quarter. If there is a transaction in the account, holding statement will be provided free every month. Any additional statement will be charged Rs.10/- per statement.

For more details: Log in to https://www.andhrabank.in/english/RetailDmat.aspx



3. Bank of Baroda:-


Bank of Brodra Run it's SHARE MARKET Trading or Demat account venture under The Trade mark of BARODA E-TRADE.

FEATURE OF BARODA E-TRADE:-

  • ● Free account opening.
  • ● No Account Maintenance Charges (AMC) first year.
  • ● Free SMS Alert facility.
  • ● Free ASBA ( app supported by blocked amount)
  • ● Free Nomination.
  • ● Transparent Services charges as such no hidden charges.
  • ● Free monthly transaction statements.
  • ● Easi/ Easiest facility available to view your securities online in CDSL Demat account.
  • ● IDeaS/ SPEED-e facility available to view your securities online in NSDL Demat account.

Charge offered by Bank of Baroda on BARODA E-TRADE:-

Sr No.Types of charges (Demat Charges)Revised charges w.e.f. 1st July 2017
1Advance / DepositNIL
2Annual Maintenance Charges.General Customer : For Individuals
  • First year free (for new accounts)
  • Second year onwards Rs. 250/- p.a. plus GST (as applicable)
For Non-individual - Rs. 550/- Plus GST (as applicable)
BSDA customers : For Individuals
  • First Year free (for new accounts)
  • From second year onwards, no AMC to be levied if the value of holding is up to
    Rs.50,000/- during financial year
  • AMC will be charges at Rs. 100/- Plus GST (as applicable) only for the value of holding from Rs. 50,001/- up to Rs. 2,00,000/- during financial year.
3DematRs.3.00/- per certificate with minimum Rs. 34/-plus + GST+actual postage
4RematNSDL Demat account
Rs. 10/-plus actual postage for every hundred securities or part here of subject to maximum fee of
Rs. 5,00,000/- or a flat fee of Rs. 10/- per certificate whichever is higher
CDSL Demat account 
Rs. 30/-Plus GST (as applicable) + actual postage per cer
5Transaction ChargesGeneral customers
0.03% of market value subject to minimum Rs. 20/- Plus GST (as
applicable) per transaction.
For Debt instruments and commercial papers 0.03% of market value subject to minimum Rs. 20/- Plus GST (as applicable) per transaction.
BCML Customers
Transaction charges at Rs. 15/- Plus GST (as applicable) per debit instruction
6KYC registering
Agency Charges
(KRA charges)
KRA charges @ Rs. 40/- Plus GST (as applicable) plus actual postage for new KYC data to be uploaded KRA charges @ Rs. 40/- Plus GST (as applicable) per download will be applied
For modification in KRA of the existing chants KRA charges @ Rs. 30/- Plus GST (as applicable) plus actual postage charges
7Pledge Creation & confirmationRs. 100/- Plus GST (as applicable) per ISIN per request
8Pledge Closure & confirmationFree
9Pledge InvocationRs. 100/- Plus GST (as applicable) per ISIN per request
10Failed instruction chargesNIL
11Other Charges
  • Additional A/c statement Rs. 20/- Plus GST (as applicable) per Request
  • Sign verification or any other certificate & freeze/unfreeze Rs. 50/- Plus GST (as applicable) per request
  • One DIS booklet of 10 leaves free of cost at the time of a/c opening and thereafter subsequent DIS will be issued. @Rs. 20/- Plus GST (as applicable) per booklet of 10 leaves for General customer.
  • In Two DIS slips only will be issued at the time of account opening to BSDA customer
  • Changes of address/ECS Rs. 30/- Plus GST (as applicable) per request
 12Overdue ChargesInterest @18% p.a. + GST will be payable for payment of services charges after due date
13Transfer of Securities
from one DP to
another DP
consequent to
account closure
Consequent to closure of account, no charges to be levied, when beneficiary owner (BO) transfers all the securities lying in this account to another Branch of the same DP or to DP of the same depository or another depository, provided the BO accounts at transferee DP and at transferor DP are one and the same i.e. identical in all respects.
 14Other Terms &
Conditions
  • Refund of AMC on closure of Demat account will be on quarterly basis e.g. if account is closed in
    the month of July, refund of AMC will be applicable for remaining two quarters i.e. December &
    March of the financial year.
  • The services not listed above will be charged separately
  • All the above charges are applicable uniformly to individuals, Non-individual except that AMC are different for individuals & the charges are subject to revision from time to time at Bank's discretion
Trading Charges) Trading Account
Opening & Annual Maintenance
Charges FREE Franking of Power of
Attorney Rs. 500/- applicable are.
Revised charges w.e.f. 1st Aug 2018
CashDerivatives FutureDerivatives Options
%
Brokerage
Delivery
Intra-Day
Both sided
%
Brokerage
Intra-Day
Both sided
Flat Brokerage
per Lot in Rs.
Intra-Day
Per Lot in Rs.
Segment0.40%0.10%0.10%0.05%Rs.50Rs.100
Minimum BrokerageRs.0.05 paisaRs.0.05 paisaRs.0.01 paisaRs.0.01 paisa
Securities Transaction Tax(STT)0.017%
Securities Transaction Tax(STT)0.10%0.025%0.010%0.125%
SEBI Turnover Charges0.00015%0.00015%0.00015%0.00015%
Transaction charges0.0019%0.05%
NSE0.00325%0.00325%
BSE0.00275%0.00275%
Stamp Duty (Applicable For Maharashtra state)0.010%0.002%0.002%0.002%0.002%0.002%
For more details: Log in to https://www.bankofbaroda.com

4. Bank of India:-


Bank of  India Run it's SHARE MARKET Trading or Demat account venture under The Trade mark of  
Star Share Trade (Online Share Trading).

Feature of Star Share Trade :-


  • ● Delivery based Trading
  • ● Intra day Square off
  • ● Buy Today and Sell Tomorrow (BTST)
  • ● Trade Multiple
  • ● Access to Research and Reports
  • ● Recommendations available on each Trading Day over phone/Email

Charge offered by Bank of India trading or DEMAT ACCOUNT:-


● Rs. 1100 /- is the present charge for opening a trading account. 

● The details of the brokerage charged by the brokers for transactions for buy - and - sale are currently 0,50 percent for transactions based on delivery and 0,05 percent in intra - day transactions.

For more details regarding trading account of Bank of India: Log in to https://www.bankofindia.co.in

5. Canara Bank:-


Canara Bank Run it's SHARE MARKET Trading or Demat account venture under The Trade mark of canmoney.


Feature of canmoney:-



Brokerage Charges for CanMoney

GLOSSARY OF CHARGES

I. BROKERAGE CHARGES:

Please choose one from three options given below:
Option 1
NORMAL BROKERAGE OPTION (NBO)
Transaction TypeRate
Non Delivery (Cash Segment)0.05%
Delivery0.35%
FNO0.10%
Option 2
UPFRONT BROKERAGE OPTION (UBO) Choice of 4 options
StandardSilverGoldPlatinum
VALIDITYONE MONTH
Brokerage payable upfrontRs.299/-Rs.499/-Rs.999/-Rs.3999/-
Transaction type:
Non Delivery (Cash Seg.)0.035%0.03%0.025%0.02%
Delivery0.30%0.25%0.20%0.16%
FNO0.07%0.06%0.05%0.04%
Option 3
TURNOVER BASED BROKERAGE OPTION (TBO)
Daily Turnover below Rs. 5.00 lacs0.25%
Daily Turnover of above Rs. 5.00 lacs but less than Rs. 20.00 Lacs0.15%
Daily Turnover of above Rs. 20.00 lacs but less than Rs. 50.00 Lacs0.10%
Daily Turnover of Rs. 50.00 lacs and above0.07%
Derivative Options
Rs.25 per Lot on single side i.e. positions squared off on same day, and both sides for carry forward positions
Currency Derivatives (CDs)
For Currency Future, brokerage is Rs. 15 /= per lot, levied on each trade leg.

6. Central Bank of India:


Central of  India Run it's SHARE MARKET Trading or Demat account venture under The Trade mark of  Central Bank Demat/Trading Account.

Facility of Central Bank of India Demat/Trading account:


Central Bank of India offers 3 in 1  saving account for Demat or share Trading account.


For more details regarding trading account of Central Bank of India: Log into https://www.centralbank.net.in/jsp/Demat.htm

7. State Bank of India:-

State Bank of  India Run it's SHARE MARKET Trading or Demat account venture under The Trade mark of  Sbi Demat service.

Features & Benefits of a Demat Account
As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits:
Account Maintenance & Safe custody: Facilitates Maintaining Security Balance in electronic form
Dematerialization: Facilitates converting physical share certificate into electronic balances.
Rematerialization: Facilitates converting the electronic balances to physical (share certificate) form.
Account Transfers: Facilitates delivery/receipt of electronic balances consequent to market / off-market trades.
Pledge/Hypothecation: Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
Initial Public offer: Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies.

Disbursement of corporate benefits: Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits as bonus and rights issues.
Security Lending: Facilitates earning extra income on your dematerialized holdings by the way of securities lending.
A Demat account with SBI provides you the following benefits:
Customer Care: You can now call our dedicated Customer Care 24X7 and rest assured that all your queries are taken care of.
Transact Anywhere: Now operate your Demat account from any of the 1000 plus Demat enabled branches of SBI.
Statements by e-mail: Receive your account statement and bill by email.
Demat Services Online Facility  This convenient and paper free facility lets you operate from the comfort of your home or office through SBIs Internet Banking Facility - www.onlinesbi.com
Online Demat Statements: You can now view your Demat account details, statement of holdings, statement of transactions and statement of billing online.
Order Delivery Instruction Booklet online: No queues at branches anymore as you can now order your Delivery Instructions Booklet online and the same would be delivered at your doorsteps.
Check ISINs, Settlement Calendar and Status of Requests online
eZ - Instructions: You can transfer or pledge/unpledge securities online anyplace, anytime.
Mobile Alerts: Receive SMS alerts for all debits/credits as well as for any request which cannot be processed.
eZ-trade@sbi: In case you want an Online Trading Facility, you can have it with SBICap Securities Limited. This service provides you with a 3-in-1 account which is an integrated platform of Savings Bank A/c, Demat A/c and Online Trading A/c to give you a convenient and paper free trading experience.

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