Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): 0.3%.
Brokerage Charge For Intraday Trading: 0.03%
Annual Maintenance Charge: INR 700.
Payment Gateway Charges Netbanking: INR 0.
Payment Gateway Charges UPI: INR 0.
Margindue Interest Charges: 13.99% on the delayed amount.
Monthly Platform Fee: INR 0.
Digital KYC Charges: INR 0
Physical Settlement Charges: N.A.
Call & Trade Order: N.A.
Account Opening Fees
INR 0.
Eligibility
Annual Fees
INR 600 per year towards account maintenance
Geojit Financial Services Review
Special Features
It offers comprehensive investment portfolio management and tracking capabilities, empowering users to efficiently manage their investments in a single platform.
Features
Cons
No zero brokerage.
No flat fee modle.
Pros
Clean and simple interface.
More than 37 year old legacy.
Extensive physical presence.
Pros and Cons
How to Apply?
Geojit allows you to open a demat and trading account entirely online in a quick and convenient process. Here's a step-by-step guide:
Visit Geojit Account Opening Page: Head over to the official Geojit account opening page: https://www.geojit.com/open-demat-account
Enter Your Details: Provide your mobile number and enter the Captcha code displayed.
Mobile Verification: You'll receive a One-Time Password (OTP) on your mobile number for verification. Enter the OTP to continue.
Email Verification (Optional): Geojit offers two options for email verification:Google verification: Link your Google account for instant verification.
OTP verification: Enter the OTP sent to your registered email address.
Personal Information: Fill out the online application form with your personal details like name, date of birth, and PAN card number.
Bank Account Details: Provide details of the bank account you want to link to your trading account.
Nomination (Optional): Choose whether or not to nominate someone to inherit your demat holdings in case of an unfortunate event.
Brokerage Plan Selection: Geojit offers various brokerage plans with different fee structures. Choose the plan that best suits your trading needs.
Document Uploads: Upload scanned copies of the following required documents:PAN Card (mandatory)
Proof of Address (Aadhaar Card, Driving Licence, Voter ID, or Passport)
Cancelled Cheque from your bank account (linked to your trading account)
Passport-sized Photograph
e-Sign the Application: Digitally sign the online account opening form and KYC agreement using an Aadhaar-linked mobile OTP.
Account Opening Confirmation: Once all steps are completed and your information verified, your Geojit account will be opened. You'll receive confirmation and login credentials via email.
Documents Required
Account Opening and Procedures
Geojit Financial Services
Geojit Financial Services offers a comprehensive suite of financial services and a user-friendly platform. However, its high brokerage charges, mixed customer reviews, and lower profitability raise concerns for potential investors. If you're a long-term investor looking for a full-service broker with a diversified business and research support, Geojit could be an option. However, if cost-efficiency and a proven track record are your priorities, consider comparing Geojit with discount brokers before making a decision.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai