Introduction Just like opening a bank account to initiate your saving, opening a demat account has become the first and foremost step towards your investment strategy. There lies a common question among new investors about what broker they should choose to go ahead with their investment. There are hundreds of depository participants (brokers) registered with CDSL and NDSL. CDSL and NDSL are the depositories of BSE and NSE respectively where your shares are preserved in electronic format. Since there are plenty of demat account providers which includes public sector banks, there always lies a confusion about whom to choose. Suitability of demat account will vary from person to person depending upon his interest, needs and capability to invest.
In this article, I am coming out with a comprehensive review of Geojit BNP Paribas and promising reasons about why you need to open an account with this broker in 2014.
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What offer does Geojit BNP Paribas provide in 2014? Geojit is the first broker to introduce online trading in 2000. In 2014, they have come out with a limited time offer of free trading and demat account and nil annual maintenance charge if you open your account before 31st March, 2014. For availing the above free service you should deposit an upfront margin cheque of Rs.10000 or should transfer Rs.10000 worth of holding within 15 days of account opening. If there is no offer the Account opening charges used to be Rs.800 for local customers and Rs.1100 for NRI along with Annual Maintenance Charges.
Brokerage and other charges in Geojit BNP Paribas demat account The charges mentioned here is only for online clients excluding NRI clients.
Comparison of brokerage of BNP Paribas with top demat account brokers
Comparing the brokerage and other charges Geojit BNP Paribas stands well apart from other brokers, however for small investors Canmoney offers a better service with less charges.
I am having demat account with M/S
Geojit BNP Paribas(not online trading account).
Now, if I want to check the details of my shares, ie, present value of shares, etc, how to proceed on internet?? (I confess, I have forgotten the list of shares I am holding). I am at Mangalore, Karnataka.
This is a well explained article about Geojit BNP Paribas trading account, its features, charges etc. I want to add some thing that the charges for Intra day, delivery, option charges, future trading charges etc. are not a fixed charges. These charges can be reduced for big traders. Suppose a trader creates more volume, automatically he get discount price or else from branch's end. That price can be compromised. There are number of brokers who are giving trading and demat account free of cost or at very low trading charges like .01 for delivery, .001% for Intra day, Rs 10 per option etc.
So, while you are opening a trading account, just visit 5-6 brokers and compare from where you are getting minimum fees and charges. Accordingly, open your trading account there.