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Is opening trading account free?
The Account opening fee varies from 0 to ₹975 rupees. There are multiple schemes available, for more details on the scheme, please call on 1860 123 1122. There is no AMC (Annual Maintenance charges) for Demat Account for the first Year. However, charge of ₹700 (excluding taxes) is levied from 2nd year onwards.
Is it any charge for opening demat account?
Usually, there are no charges for a basic demat account with a balance of up to Rs. 50,000. Those with holdings worth Rs. 50,001-2 lakh would have to pay anything between Rs 100 and Rs 750, depending on the number of transactions you make.
What is trading account free balance?
Free cash balance is calculated as the total uninvested remaining money in a margin account after margin requirements, short sale proceeds, received dividends, and purchase transactions awaiting settlement are taken into consideration. Interest is sometimes paid by brokers on the free credit balance.
Which bank has less charges for demat account?
Bank Demat Account Charges (3-in-1 Account Charges)
| Rank | Broker | Acct Opening Fee |
|---|---|---|
| 1 | ICICIdirect | Rs 0 (Free) |
| 2 | Kotak Securities | Rs 0 (Free) |
| 3 | HDFC Securities | Rs 999 |
| 4 | AxisDirect | Rs 900 |
Which is best trading account?
Here is the list of best demat accounts of India:
- Zerodha demat account.
- Upstox demat account.
- Angel Broking demat account.
- India Infoline (IIFL) demat account.
- Sharekhan demat acccount.
- Motilal Oswal demat Account.
- ICICI Direct demat account.
- HDFC Securities demat account.
Is Motilal Oswal free?
Motilal Oswal offers stock trading account and Demat account services….Motilal Oswal Account Open Charges | Motilal Oswal AMC 2021.
| Transaction | Fee |
|---|---|
| Demat Account Opening Charges (One Time) | Rs 0 |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Free (Rs 400 2nd year onward) |
How to open a trading account with Motilal Oswal?
To open a trading account you must have bank information which includes Name, Address, IFSC Code and account number on your cheque, bank statement or bank passbook. There is no minimum deposit requirement when you open a trading and demat account with Motilal Oswal. You need to pay account opening charges and demat AMC, if applicable.
What is free Demat AMC in Motilal Oswal?
Free Demat AMC (Client need to opts for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin). Sign up now. Trading Account opening is one time fee that Motilal Oswal charge while initiate your account opening process.
Motilal Oswal don’t have any hidden charges. All charges and plan details are clearly defined in account opening document. No minimum charges or no other charges applicable. Equity Cash, Intraday and F&O trading timing (BSE/NSE) is 9:15 am to 3:30 pm, Square off timing is 3:15 pm.
What is the minimum deposit to open a trading account with Motilal?
There is no minimum deposit requirement when you open a trading and demat account with Motilal Oswal. You need to pay account opening charges and demat AMC, if applicable. Once your account is up and ready you need to transfer fund to start trading. Motilal Oswal don’t have any hidden charges.