Bajaj Financial Securities Limited (BFSL) : It is a 100% subsidiary of Bajaj Finance Limited, Bajaj Financial Securities is set to transform the discount broking space through its unique offerings and comprehensive capital market solutions. Here you can trade in Equity Cash & Derivatives at one of the lowest brokerage rates. Furthermore, you can avail margin trade financing at lowest interest rates and make the most of market opportunities. Through Bajaj Finserv Demat Account you can invest in IPO, Mutual Funds.
Number of active clients Bajaj Finserv Securities
In fiscal year 2022-2023, Motilal Bajaj Financial Securities Limited (BFSL) had about 1 Lakh active clients.
Bajaj Finserv Securities Brokerage Charges
Bajaj Finserv Securities offers three subscription plans.
Freedom Pack
It offers online trading at ₹ 20/order in equity delivery, Intraday & F&O. The Freedom plan has a yearly subscription charge of ₹ 431. The subscription is free for 1st year. Bajaj Financial Securities Freedom plan offers MTF at 18% per annum.
Professional Pack
It offers online trading at ₹ 10/order in equity delivery, Intraday & F&O. The Professional Pack has a yearly subscription charge of ₹ 2500. Bajaj Financial Securities Professional Pack offers MTF at 12.5% per annum.
Bajaj Privilege Club
It offers online trading at ₹ 5/order in equity delivery, Intraday & F&O. The Bajaj Privilege Club plan has a yearly subscription charge of ₹ 9999. Bajaj Financial Securities Privilege Club plan offers MTF at 8% per annum.
Benefits of Demat account with Bajaj Finserv
If you are looking to invest in shares, bonds or debentures, having a demat account is a must. There are many benefits of having a Demat account with Bajaj Finserv. Here is a quick overview of the various benefits.
1. Open a 2-in-1 account
With Bajaj Finserv, you get the option of opening a 2-in-1 account. This means that you get the option of opening a Demat account as well as a trading account. Here both demat and trading accounts can be opened through a single account opening process, which helps you save time.
2. Affordable subscription packs
Bajaj Financial Securities offers three subscription plans- Freedom Pack, Professional Pack and Bajaj Privilege Club. You can avail through affordable subscription plans to reduce your brokerage and widen the portfolio of products that you can trade-in.
3. 100% paperless account opening process
The account opening process at Bajaj Finserv Securities is 100% paperless and completely online. Account verification, KYC norms, and application signing are all done through internet and Aadhaar verification. With Bajaj Finserv Securities, not only can you open your own account in a matter of minutes, but you can do so from the comfort of your home.
4. Great customer support
By opening a Demat account with Bajaj Finserv Securities, you can be rest assured to experience exceptional service and customer support.
Bajaj Finance Securities Account Opening Charges
| Particulars | Charges |
|---|---|
| Trading Account Opening: | Rs 0 (Free) |
| Trading Annual Maintenance (AMC): | Rs 0 (Free) |
| Demat Account Opening: | Rs 0 (Free) |
| Demat Account Annual Maintenance Charge (AMC): | Rs 0 (Free) |
Bajaj Finserv Securities Demat Account Charges
| Particulars | Charges |
|---|---|
| Account Maintenance Charges (AMC): | NIL |
| Off Market Transfer – Within BFSL: | ₹ 30 or 0.0002% whichever is higher + taxes |
| Off Market Transfer – Outside BFSL: | ₹ 30 or 0.0002% whichever is higher + taxes |
| Pledge / Unpledge / Closure /Invocation Charges: | ₹ 35 + applicable taxes |
| Dematerialisation Request Charges: | ₹ 50 per request + ₹ 50 per certificate |
Bajaj Finance Securities Payment Gateway Charges
| Type | Charges |
|---|---|
| Net Banking: | ₹ 10 per Transaction + applicable taxes |
| Cheque Bounce Charges: | ₹ 1000 per Bounce Transaction + applicable taxes |
| Debit Card: | ₹ 30 per Transaction + applicable taxes |
Bajaj Finance Securities Pros and Cons
Pros
- Subsidiary of Bajaj Finance Limited, leading NBFC in India.
- Brokerage of Rs 5 per trade in the Bajaj Privilege Club plan.
- Multiple yearly subscription plans from Rs 431 to Rs 9999.
- Loan Against Securities.
- Margin Trading Funding (MTF).
- Bajaj Finserv Securities has Option to invest in US stocks.
Cons
- High equity delivery brokerage charges.
- Yearly subscription fee is mandatory.
- Doesn’t have facilities to invest in Commodity and Currency.
- High demat transation charges.
Bajaj Finance Securities Customer Support
Call on : 08698010101 or Write an E-mail on : [email protected]
FAQ
There are easy ways for opening a trading account with Bajaj Finserv.
1 – Call – 08698010101
2 – Email – Send an email with your name and contact number at [email protected] and executive will call you back.
3 – Online Visit https://www.bajajfinservsecurities.in/
– Proof of Identity : (PAN Card)
-Proof of Address : Passport, Rationcard, Voter’s ID Card, Drivinglicense, Electricitybill, LandlineTelephone Bill (not more than 2 months old), Bank PassBook (Copy of any one of the following with self attested)
– Bank Account Proof : Copy of Bank Pass Book or Personalized Cheque leaf.
– 1 Latest Passport Size Photograph.
It hardly takes 5 minutes to process.
Demat Account Opening with Bajaj Finserv Securities are complately free of cost.
The Market timing is between 9:15 am to 3:30 pm. The duration of the pre-opening session is between 9:00 am to 9:15 am. (Monday to Friday)
There are more than 1 lakh active clients in Bajaj Finserv Securities.
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