Geojit BNP Paribas brokerage review, Charges, Margin, Payout, Stock Trading, Demat

Geojit BNP Paribas is a renowned India based retail financial services provider. With approximately 20 years of quality service provision, this leading broker enjoys an extremely huge customer population of about 550 000 individuals.

Regardless of whether an already established economic giant or just an upcoming entrepreneur, there’s really no second thought you probably want to work with the best financial service provider. Without any doubt, you are looking forward to operating with that provider with an incredibly great reputation, and of course, one with long enough experience in the stock market.

Believe it or not, Geojit BNP Paribas is such a provider and perhaps, you would like to know more. Well, we are going to discuss in detail; the products and services offered by the company, available user platforms, application procedure, pros & cons, customer care service and most importantly some of the charges if applicable. Let’s get started.

Geojit BNP Paribas Products & Services

Geojit BNP Paribas offers a wide range of products and services. Some of the seven popular products they offer include;

  • Derivatives
  • Mutual funds
  • The Initial Public Offering (IPO)
  • General Insurance
  • Equity
  • Currency features and
  • 2-in-One user account.

Geojit BNP Paribas features

The services as well have not been left behind. Here are the features you can enjoy working with Geojit BNP Paribas.

  • Accurate weekly and monthly research reports
  • Both Depository and DEMAT services
  • Helps in the management of the portfolio
  • Tips on Stock
  • Both NRI and Trading accounts &
  • Reliable Customer Care

Geojit BNP Paribas Platform

The move by Geojit BNP Paribas to avail its services online is quite an amazing thing to talk about. As a matter of fact, BNP Paribas is one of the few companies in this industry who has made such an incredible achievement. For optimal operation and functionality of the platforms, Geojit went an extra mile by replacing the initial FLIP platforms with the modern SELFIE platforms.

There are three different platforms which you can always choose from. Your ultimate choice, however, will depend on your needs as an investor as well as what really works well for your device. Here are the descriptions of each of the platforms starting with the lowest.

SELFIE Mobile

This is the lowest of all the platforms and a user may access it via a mobile phone device. What is most exciting is the fact that it’s really compatible with both Android and iPhone operating systems. Therefore, you just need the App installed on your phone and you’ll be ready to get going.

This mobile trading platform sounds simple yet has been equipped with numerous powerful features which include; quick order execution, market watch, dynamic real-time charts and much more.

SELFIE Gold

This is the second type of platform in that order. Unlike either the SELFIE Me or the SELFIE platform which are kind of local software installations, the Gold platform is web-based. It only requires a computer in good working order and everything will be set.

The Gold SELFIE platform offers more advanced chart types such as; Kagi, Renko and Line Break among others. It also has great F&O analytics which together with the chart types ensures your trading is always a wonderful experience.

SELFIE Platinum

Is the third and the most advanced of all the three platforms. Like SELFIE mobile, platinum is as well locally installed except, on a computer, not a smartphone. Since it is an executable stuff, it has to be downloaded and installed on the user’s computer before it can be used. It advantageous mostly to the active investors in the market.

How to open an account with Geojit BNP Paribas?

The application procedure is really very straightforward. First, you must have a DEMAT account specifically with the Geojit BNP Paribas. They generally don’t apply any charges for that. Then equally important, you will need the following documents;

  • Aadhar card
  • Bank account statement
  • Recent passport size photographs (2 Copies)
  • PAN card for identification and
  • Any document proving your physical address (Passport or Driving license or any billing doc can work)

Customer Care Service

Their customer care service is quite incredible. It’s actually a team of dedicated professionals who are always waiting to help you. It is reachable through various means, both online and offline. These include; phone calls, emails, and branch offices which are scattered all over India..

Geojit BNP Paribas Demat/Trading account charges

Opening an account is almost free provided you already have a DEMAT account under Geojit. If you deposit Rs.10 000 into your account, there will be absolutely no charges.

  • Trading Account Opening Charges (One Time): ₹Nil
  • Trading Annual maintenance charges (AMC): ₹0
  • Demat Account Opening Charges (One Time): ₹100 (for Agreement Stamp Paper)
  • Demat Account Annual Maintenance Charges (AMC): ₹400

Geojit Brokerage Charges

  1. Cash Market Brokerage
    • Delivery-based Trading: 0.30%
    • Intraday Trading: 0.03%
  2. Futures & Options Brokerage
    • Futures: 0.03%
    • Options Intraday: ₹125 per contract
    • Options carry forward positions: ₹150 per contract

Geojit Other Brokerage Charges

  1. Minimum Brokerage Geojit: Geojit charges ₹20 per Contract or 1 paisa per share whichever is higher subject to a maximum of 2.5% per share.

Geojit Depository Service Charges

                                      For Resident Retail Customers and Corporates
ParticularsCharges
Account OpeningNil
First Year AMCNil
Annual Maintenance Charges₹600 (₹450 for customers receiving e-mail statements)
Transaction Charges – Buy – Market and Off-MarketNil
Transaction Charges – Sell – For transaction through Geojit0.02 % subject to a minimum of ₹15 and maximum of ₹40 per transaction
Transaction Charges – Sell – For transaction through other brokers0.02% subject to a minimum of ₹50 and maximum of ₹100 per Transaction
Transaction Charges – Sell – Off-Market Trades0.02 % subject to a minimum of ₹20 and maximum of ₹40 per transaction
Pledge Creation₹50 per transaction
Pledge closure₹50 per transaction
Pledge invocation₹50 per transaction
Dematerialisation ChargesNil + Courier charges @ Rs.35/- per request
Rematerialisation ChargesRs.10 for every hundred securities or part thereof or Rs.10 per certificate
Custody ChargesNil
Open Free Demat Account


    Geojit BNP Paribas Exposure Margin

    Geojit exposure margin for Intraday, Delivery, Options, Currency and Commodities.

    SegmentExposure Margin
    Equity DeliveryUp to 7x with 22% interest per year
    Equity IntradayUp to 10x
    Equity FutureNo additional leverage
    Equity OptionsNo additional leverage
    Currency FutureNo additional leverage
    Currency OptionsNo additional leverage
    Commodity FutureNA
    Commodity Options

    Geojit BNP Paribas Customer Complaints

    ExchangeFinancial YearNumber of Clients *Total Complaints **
    BSE2019-2019,1375
    NSE2019-20160,9847
    BSE2018-1934,3985
    NSE2018-19163,87532
    BSE2017-1867,11010
    NSE2017-18183,46638
    BSE2016-1758,4373
    NSE2016-17160,31732
    BSE2015-1659,1077
    NSE2015-16177,39732
    BSE2014-1544,8647
    NSE2014-15158,27156
    BSE2013-14528,47315
    NSE2013-14148,17642
    BSE2012-13499,30814
    NSE2012-13452,94546
    BSE2011-12450,53724
    NSE2011-12412,68753

    Geojit BNP Paribas Pros & Cons

    Pros
    • Regular SMS alerts
    • Good reputation
    • Reliable customer support
    • Fast withdrawal of funds
    • Charge-free data and trading tips
    Cons
    • 24/7 customer care service is not available
    • No brokerage calculator

    Verdict

    Despite all trading aspects, what should really dictate your final decision is the company’s reputation and quality of services offered, and Geojit BNP Paribas has it all. Make a step today!

    Geogit Review

    Geojit BNP Paribas brokerage review, Charges, Margin, Payout, Stock Trading, Demat

    Geojit BNP Paribas is a renowned India based retail financial services provider. With approximately 20 years of quality service provision, this leading broker enjoys an extremely huge customer population of about 550 000 individuals.

    Regardless of whether an already established economic giant or just an upcoming entrepreneur, there’s really no second thought you probably want to work with the best financial service provider. Without any doubt, you are looking forward to operating with that provider with an incredibly great reputation, and of course, one with long enough experience in the stock market.

    Believe it or not, Geojit BNP Paribas is such a provider and perhaps, you would like to know more. Well, we are going to discuss in detail; the products and services offered by the company, available user platforms, application procedure, pros & cons, customer care service and most importantly some of the charges if applicable. Let’s get started.

    Geojit BNP Paribas Products & Services

    Geojit BNP Paribas offers a wide range of products and services. Some of the seven popular products they offer include;

    • Derivatives
    • Mutual funds
    • The Initial Public Offering (IPO)
    • General Insurance
    • Equity
    • Currency features and
    • 2-in-One user account.

    Geojit BNP Paribas features

    The services as well have not been left behind. Here are the features you can enjoy working with Geojit BNP Paribas.

    • Accurate weekly and monthly research reports
    • Both Depository and DEMAT services
    • Helps in the management of the portfolio
    • Tips on Stock
    • Both NRI and Trading accounts &
    • Reliable Customer Care

    Geojit BNP Paribas Platform

    The move by Geojit BNP Paribas to avail its services online is quite an amazing thing to talk about. As a matter of fact, BNP Paribas is one of the few companies in this industry who has made such an incredible achievement. For optimal operation and functionality of the platforms, Geojit went an extra mile by replacing the initial FLIP platforms with the modern SELFIE platforms.

    There are three different platforms which you can always choose from. Your ultimate choice, however, will depend on your needs as an investor as well as what really works well for your device. Here are the descriptions of each of the platforms starting with the lowest.

    SELFIE Mobile

    This is the lowest of all the platforms and a user may access it via a mobile phone device. What is most exciting is the fact that it’s really compatible with both Android and iPhone operating systems. Therefore, you just need the App installed on your phone and you’ll be ready to get going.

    This mobile trading platform sounds simple yet has been equipped with numerous powerful features which include; quick order execution, market watch, dynamic real-time charts and much more.

    SELFIE Gold

    This is the second type of platform in that order. Unlike either the SELFIE Me or the SELFIE platform which are kind of local software installations, the Gold platform is web-based. It only requires a computer in good working order and everything will be set.

    The Gold SELFIE platform offers more advanced chart types such as; Kagi, Renko and Line Break among others. It also has great F&O analytics which together with the chart types ensures your trading is always a wonderful experience.

    SELFIE Platinum

    Is the third and the most advanced of all the three platforms. Like SELFIE mobile, platinum is as well locally installed except, on a computer, not a smartphone. Since it is an executable stuff, it has to be downloaded and installed on the user’s computer before it can be used. It advantageous mostly to the active investors in the market.

    How to open an account with Geojit BNP Paribas?

    The application procedure is really very straightforward. First, you must have a DEMAT account specifically with the Geojit BNP Paribas. They generally don’t apply any charges for that. Then equally important, you will need the following documents;

    • Aadhar card
    • Bank account statement
    • Recent passport size photographs (2 Copies)
    • PAN card for identification and
    • Any document proving your physical address (Passport or Driving license or any billing doc can work)

    Customer Care Service

    Their customer care service is quite incredible. It’s actually a team of dedicated professionals who are always waiting to help you. It is reachable through various means, both online and offline. These include; phone calls, emails, and branch offices which are scattered all over India..

    Geojit BNP Paribas Demat/Trading account charges

    Opening an account is almost free provided you already have a DEMAT account under Geojit. If you deposit Rs.10 000 into your account, there will be absolutely no charges.

    • Trading Account Opening Charges (One Time): ₹Nil
    • Trading Annual maintenance charges (AMC): ₹0
    • Demat Account Opening Charges (One Time): ₹100 (for Agreement Stamp Paper)
    • Demat Account Annual Maintenance Charges (AMC): ₹400

    Geojit Brokerage Charges

    1. Cash Market Brokerage
      • Delivery-based Trading: 0.30%
      • Intraday Trading: 0.03%
    2. Futures & Options Brokerage
      • Futures: 0.03%
      • Options Intraday: ₹125 per contract
      • Options carry forward positions: ₹150 per contract

    Geojit Other Brokerage Charges

    1. Minimum Brokerage Geojit: Geojit charges ₹20 per Contract or 1 paisa per share whichever is higher subject to a maximum of 2.5% per share.

    Geojit Depository Service Charges

                                          For Resident Retail Customers and Corporates
    ParticularsCharges
    Account OpeningNil
    First Year AMCNil
    Annual Maintenance Charges₹600 (₹450 for customers receiving e-mail statements)
    Transaction Charges – Buy – Market and Off-MarketNil
    Transaction Charges – Sell – For transaction through Geojit0.02 % subject to a minimum of ₹15 and maximum of ₹40 per transaction
    Transaction Charges – Sell – For transaction through other brokers0.02% subject to a minimum of ₹50 and maximum of ₹100 per Transaction
    Transaction Charges – Sell – Off-Market Trades0.02 % subject to a minimum of ₹20 and maximum of ₹40 per transaction
    Pledge Creation₹50 per transaction
    Pledge closure₹50 per transaction
    Pledge invocation₹50 per transaction
    Dematerialisation ChargesNil + Courier charges @ Rs.35/- per request
    Rematerialisation ChargesRs.10 for every hundred securities or part thereof or Rs.10 per certificate
    Custody ChargesNil
    Open Free Demat Account


      Geojit BNP Paribas Exposure Margin

      Geojit exposure margin for Intraday, Delivery, Options, Currency and Commodities.

      SegmentExposure Margin
      Equity DeliveryUp to 7x with 22% interest per year
      Equity IntradayUp to 10x
      Equity FutureNo additional leverage
      Equity OptionsNo additional leverage
      Currency FutureNo additional leverage
      Currency OptionsNo additional leverage
      Commodity FutureNA
      Commodity Options

      Geojit BNP Paribas Customer Complaints

      ExchangeFinancial YearNumber of Clients *Total Complaints **
      BSE2019-2019,1375
      NSE2019-20160,9847
      BSE2018-1934,3985
      NSE2018-19163,87532
      BSE2017-1867,11010
      NSE2017-18183,46638
      BSE2016-1758,4373
      NSE2016-17160,31732
      BSE2015-1659,1077
      NSE2015-16177,39732
      BSE2014-1544,8647
      NSE2014-15158,27156
      BSE2013-14528,47315
      NSE2013-14148,17642
      BSE2012-13499,30814
      NSE2012-13452,94546
      BSE2011-12450,53724
      NSE2011-12412,68753

      Geojit BNP Paribas Pros & Cons

      Pros
      • Regular SMS alerts
      • Good reputation
      • Reliable customer support
      • Fast withdrawal of funds
      • Charge-free data and trading tips
      Cons
      • 24/7 customer care service is not available
      • No brokerage calculator

      Verdict

      Despite all trading aspects, what should really dictate your final decision is the company’s reputation and quality of services offered, and Geojit BNP Paribas has it all. Make a step today!