Hi
Have just applied for an account and have noted the following:
a. Initial Registration charges - Non-Refundable - 450/-
b. First Year Demat charges: 0/-
c. Demat charges - 2nd year on - 400/-
d. Delivery: 0.20% (Only Selling)
e. Intra-day: 0.03% (Only Selling)
f. Advance Brokerage: 3 months - 750/-
* At the end of three months, whatever brokerage you have generated gets refunded, subject to a maximum of 750/- only. So that effectively makes it free trading.
Following three monhths, you will only pay for as much brokerage as much as you trade.
g. No minimum monthly brokerage committments!
h. Tie up wid ICICI bank giving free zero balance Savings account.
i. Demat account creation time - 4 days (as reported)
I am being a bit touchy abt it since the brokerage rates are at a market low, but I'd see to see this as their plan to capture markets and the trades on them. It aint easy to pull it back from de Sharekhans and Indiainfolines and ICICI.
And yes, did I mention the s/w is free?