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;
The Initial Public Offering (IPO)
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.
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.
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.
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;
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
- Cash Market Brokerage
- Delivery-based Trading: 0.30%
- Intraday Trading: 0.03%
- Futures & Options Brokerage
- Futures: 0.03%
- Options Intraday: ₹125 per contract
- Options carry forward positions: ₹150 per contract
Geojit Other Brokerage Charges
- 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|
|First Year AMC||Nil|
|Annual Maintenance Charges||₹600 (₹450 for customers receiving e-mail statements)|
|Transaction Charges – Buy – Market and Off-Market||Nil|
|Transaction Charges – Sell – For transaction through Geojit||0.02 % subject to a minimum of ₹15 and maximum of ₹40 per transaction|
|Transaction Charges – Sell – For transaction through other brokers||0.02% subject to a minimum of ₹50 and maximum of ₹100 per Transaction|
|Transaction Charges – Sell – Off-Market Trades||0.02 % 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 Charges||Nil + Courier charges @ Rs.35/- per request|
|Rematerialisation Charges||Rs.10 for every hundred securities or part thereof or Rs.10 per certificate|
Open Free Demat Account
Geojit BNP Paribas Exposure Margin
Geojit exposure margin for Intraday, Delivery, Options, Currency and Commodities.
|Equity Delivery||Up to 7x with 22% interest per year|
|Equity Intraday||Up to 10x|
|Equity Future||No additional leverage|
|Equity Options||No additional leverage|
|Currency Future||No additional leverage|
|Currency Options||No additional leverage|
Geojit BNP Paribas Customer Complaints
|Exchange||Financial Year||Number of Clients *||Total Complaints **|
Geojit BNP Paribas Pros & Cons
- Regular SMS alerts
- Good reputation
- Reliable customer support
- Fast withdrawal of funds
- Charge-free data and trading tips
- 24/7 customer care service is not available
- No brokerage calculator
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!