Dhan Demat Account Review, Opening Charges, Details (2024)

Dhan Demat Account Review, Opening Charges, Details (3)

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Dhan Account Opening Enquiry

Invest brokerage-free stock delivery trades. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Dhan and start trading today.

Dhan allows its customers to open 2-in-1 Demat and trading accounts. Dhan Demat Account is opened through an online application. The account opening process is very easy and instant. Customers can open the account within a very short time of 10 minutes.

Dhan is a member of stock exchanges like BSE, NSE, and MCX. Dhan Demat account opening charges are Rs 0 (free). The Account Maintenance Charges are also Rs 0.

Dhan is registered with CDSL for the Depository services rendered to customers. CDSL is one of the two public depositories in India offering demat services for holding securities.

Dhan Demat Account Review

Dhan Demat offers the holding of different types of securities in one account. This account includes a Dhan Demat account and a Dhan Trading account. Traders can invest in Stocks, ETFs, Options, Futures, Commodities, and Currency segments through the Dhan Demat account.

Some of the key features of the Dhan Demat account are:

  • Online and instant access to various asset classes like stocks, currency, and commodities.
  • 2-in-1 account opening for holding securities and trading in one account.
  • Zero Account opening or Account maintenance charges
  • Registered with SEBI, BSE, NSE, and MCX
  • No brokerage charges on Equity delivery investment
  • Competitive brokerage charges

Dhan Demat Account Opening

Dhan is appreciated highly by all of its customers for stating a very convenient Dhan account opening process. They ask for basic information and documents to process the account opening.

If you are also looking to open Dhan Account, the following are the documents that will be needed:

  1. Identity Proof - Pan Card with clear and visible signature and picture.
  2. Bank Proof - Bank account statement for the last six months, canceled cheque or passbook
  3. Address Proof - Any of the following: Aadhaar, Driving Licence, Passport, Voter ID, or bank account statements of the last 6 months.
  4. Income Proof - 3-month salary slips, bank account statements of last 6 months, or ITR
  5. Signature - Clear signature on blank white paper. The signature should match the signature on PAN
  6. Photograph - Passport size photograph

Dhan Demat Account Close Online

The option to close the Dhan Demat account is currently available offline. The online account closing facility is not available. Customers can only close their Dhan Demat Account using an offline process.

  • The applicant must fill out the physical Dhan Account Closure Form and submit it at the Dhan Office.
  • There is no Dhan Demat Account Closure Form available for online means.
  • There should be no negative balance in the account, so previous debts should be cleared before initiating the Dhan account closure.

Dhan Fund Withdrawal

Dhan is an online discount broker equipped with innovative features and facilities to provide excellent service to its customers. From account opening to its management, everything is seamless. A Dhan Demat account can be opened in a matter of minutes, one can easily deposit funds into their Dhan account and place trades.

The Dhan fund transfer process is also very simple. You can easily transfer money from your bank account to a Dhan account and trade or withdraw your earnings. To withdraw the money you need:

  1. Login to your Dhan Account
  2. Go to the Money Tab
  3. Click on Withdraw Money Option from the Manage Money tab
  4. A window showing your withdrawable amount will appear
  5. Enter the amount you want to withdraw
  6. Confirm the payment request.
  7. Your withdrawal request will be processed.

Dhan Demat Account Opening Charges

To open a new Demat account with Dhan, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

ServiceCharges
Demat Account Opening FeeRs 0 (Free)
Demat Account Annual Charges (AMC)₹0 (Lifetime Zero AMC)

Dhan Demat Charges

Dhan trading and demat account opening fees are Rs 0 (Free). Dhan charges ₹0 (Lifetime Zero AMC) per year demat account AMC. Dhan demat debit transaction fee of Rs 12.5 per transaction per ISIN + GST. per debit transaction.

IDTransactionCharges
1Demat Account Opening ChargesRs 0 (Free)
2Transaction Charges (Buy)
3Transaction Charges (Sell)Rs 12.5 per transaction per ISIN + GST.
4Annual Maintenance Charges (AMC)Rs 0
5Demat + Courier chargesRs 250 per certificate + Courier charges
6RematRs 250 per certificate + CDSL Charges + Courier charges
7Pledge CreationRs 12.5 per transaction per ISIN + GST.
8Pledge Creation Confirmation
9Pledge InvocationRs 12.5 per transaction per ISIN + GST.
10Failed Transactions
11Other Charges
Dhan Demat Account Review, Opening Charges, Details (2024)

FAQs

Dhan Demat Account Review, Opening Charges, Details? ›

Dhan Demat Account Opening Charges

What are the charges for opening account in Dhan? ›

However, on Dhan there are no account opening charges or AMC. Furthermore, you can invest in Stocks (delivery) for ₹0, while it is ₹20 or 0.03% for Equity Intraday & All Segment Futures. For All Segment Options, the charges are ₹20 of trade value. We are transparent with all charges and pricing.

What are the brokerage charges in Dhan account? ›

Dhan does not charge (zero) brokerage fees for equity delivery transactions. For intraday equity trades, brokerage charges are Rs 20 or 0.03% per executed order, whichever is lower. Dhan also offers a 50% discount to its female customers. The brokerage fee for female customers is Rs 10 per trade.

Is there any charges for opening Demat account? ›

The Depository Participant will require nominal opening charges to open a Demat Account online. Some Depository Participants give the option of opening a Demat Account free for a year and then charging you for the following year.

What is the charge for pledging shares in Dhan? ›

Experience More at Industry Standard Prices
Account Opening Fees₹ 0 account opening charges.
Annual Maintenance Charges₹ 0 AMC.
DP Transaction Charges₹ 12.50 / instruction / ISIN + GST.
Pledge Charges₹ 12.5 / transaction / ISIN + GST. Involves all requests including pledge, unpledge and invocation.

Which is better Dhan or Angel One? ›

Angel One is rated 2.7 of 5 based on 274 customer reviews whereas Dhan is rated 2.8 of 5 based on 19 customer reviews.

Is Dhan a good broker? ›

Dhan has a very competitive brokerage structure, especially for intraday trading. For equity intraday trades, Dhan charges a flat fee of ₹20 per trade or 0.03% of the trade value, whichever is lower. For delivery trades, Dhan does not charge any brokerage.

How do I avoid brokerage fees? ›

Reduction of Brokerage Fees to Zero

Investors can reduce account maintenance fees by comparing brokers, their provided services, and their fees. Buying no-load mutual funds or fee-free investments can help avoid per-trade fees.

Is Dhan app safe? ›

Yes, Dhan is a SEBI-registered and regulated stock brokerage firm that offers technologically efficient trading platforms. The company offers trading platforms in the form of mobile apps and web trading platforms.

Who has lowest brokerage fees? ›

Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities . These platforms often appeal to traders and investors seeking cost-effective options with transparent fee structures, providing a variety of financial instruments at competitive rates.

Which Demat account is free? ›

List of stock brokers offering Zero Demat AMC Accounts for Lifetime
BrokerDeliveryDemat AMC
ProStocksFreeRs 0 (Rs 1000 Refundable Deposit)
Paytm Money2.5% or Rs 20 whichever is lowerFree
Groww0.05% or Rs 20 whichever is lowerFree
FyersFreeFree
1 more row

Which is the best Demat account without charges? ›

Brokerage Charges and Hidden Charges
Demat Account ProvidersAccount Opening ChargesMaintenance Charges
Groww Demat Account₹0Free
Axis Direct Demat Account₹0₹650 per year, free for first year
Kotak Securities Demat Account₹0₹600 per year
SBICAP Securities Demat Account₹850₹0 per year
16 more rows
Nov 23, 2023

Which bank is best for Demat? ›

Best Demat Account in India
  • Zerodha.
  • Upstox.
  • Kotak Securities.
  • ICICI Direct.
  • Groww.

How much does Zerodha charge for pledge? ›

Please note that the collateral amount varies based on the price of the security, and the cost of pledging at Zerodha is Rs 30 + GST per pledge request. Pledge requests are processed at 2:00 PM and 5:00 PM on days when the equity market is open, and there is no cost for un-pledging.

Can I pledge my shares and withdraw money? ›

You can pledge the securities in the demat account to trade F&O. When you do so, the funds that you can withdraw from your account will be calculated after making the adjustments across the cash in your account and the collateral margin that is blocked for your F&O positions.

What happens if I pledge my shares? ›

Pledge in the stock market means taking a loan against its securities. This arrangement is typical for companies where investors hold many shares. The borrower retains ownership of these stocks and receives dividends, interests, and capital gains on those shares.

What is the minimum deposit in Dhan? ›

There is no minimum deposit requirement when you open a trading and demat account with Dhan. 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.

How long does it take to open a Dhan account? ›

How much time does it take to open an Investment Account on Dhan? Print. Once you successfully e-Sign the account opening documents, your documents are usually approved in less than a hour. We then proceed to send these details to KRA, Depository and Exchanges who validate your details.

What is the difference between Jan Dhan account and normal account? ›

A Jan Dhan account is a type of zero balance account. However, all zero balance accounts are not Jan Dhan Accounts. Also, the Jan Dhan account offers various other benefits like an accident insurance cover with a sum assured of Rs. 2 lakhs and an overdraft facility of up to Rs.

Is there any charges for withdrawal from Dhan app? ›

As er the SEBI guidelines, funds settlement happens at least once in 90 days, meaning even if you are trading regularly but have not done any fund withdrawa... What are the charges for Instant Withdrawal? These are completely FREE.

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