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Open Instant and Online account with Edelweiss in 15 mins.Nuvama Wealth is a Depository participant with both CDSL and NSDL to offer Free Demat Account opening services however, it levies Demat AMC charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]. Customers can access Edelweiss Demat Account through Nuvama mobile trader app, website, and X3 desktop trading terminal. Check out the complete Nuvama Demat charges including account opening fee, annual maintenance charges, Demat and Remat charges, pledge, failed instruction, and other charges.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | Free |
| Trading AMC | Free |
| Demat Account Opening Charges | Free |
| Demat AMC | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
| # | Type | Details | Details |
|---|---|---|---|
| 1 | DP Source | CDSL | NSDL |
| 2 | Demat Account Annual Maintenance Charges(AMC) | Free (₹1500 one time charges) | Free (₹1500 one time charges) |
| 3 | Statutory Charges (Stamp Charges payable upfront) | Nil | Nil |
| 4 | Advance Deposit | NIL | NIL |
| 5 | Transaction Charges (Market Trades) | ||
| Buy (Receive) | ₹ 0 | ₹ 0 | |
| Sell (Debit) | 0.02% of transaction value or ₹20 per transaction whichever is higher | 0.02% of transaction value or ₹20 per transaction whichever is higher | |
| 6 | Demat & Remat Charges | ||
| Demat | ₹2 per certificate + ₹30 courier charges | ₹2 per certificate + ₹30 courier charges | |
| Remat | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | |
| 7 | Pledge Charges | ||
| Pledge Creation | 0.02% of transaction value (Min ₹50) | 0.02% of transaction value (Min ₹50) | |
| Pledge Creation Confirmation | Nil | Nil | |
| Pledge Closure | 0.02% of transaction value (Min ₹50) | 0.02% of transaction value (Min ₹50) | |
| Pledge Closure Confirmation | Nil | Nil | |
| Pledge Invocation | 0.02% of transaction value (Min ₹50) | 0.02% of transaction value (Min ₹50) | |
| 8 | Failed Instruction Charges | Nil | Nil |
| 9 | Other Charges Demat | Nil | Nil |
| 10 | Remarks | Nil | Nil |
Nuvama Wealth has two brokerage pricing plans; Lite and Elite. The Lite plan users have to pay Rs 300 annually + GST as demat maintenance fee while for the Elite Plan users, the demat maintenance charge is Rs 500 per year + GST. The demat account maintenance charge (AMC) for the first year is Free.
Every broker charges a DP fee or demat debit charges upon shares sell transactions, it is a flat fee charged on each sell order irrespective of the number of shares an investor has sold. Nuvama charges Rs 20 fixed DP charges per ISIN from customers when a stock/share is debited from the demat account.
Yes, Demat account opening in Nuvama is free at zero account opening fees. Nuvama Wealth is a DP with CDSL and NSDL depositories to offer a demat account opening facility to clients.
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