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

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
Particulars Charges
Account Opening Nil
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
Custody Charges Nil

 

Geojit BNP Paribas Exposure Margin

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

Segment Exposure Margin
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
Commodity Future NA
Commodity Options

Geojit BNP Paribas Customer Complaints

Exchange Financial Year Number of Clients * Total Complaints **
BSE 2019-20 19,137 5
NSE 2019-20 160,984 7
BSE 2018-19 34,398 5
NSE 2018-19 163,875 32
BSE 2017-18 67,110 10
NSE 2017-18 183,466 38
BSE 2016-17 58,437 3
NSE 2016-17 160,317 32
BSE 2015-16 59,107 7
NSE 2015-16 177,397 32
BSE 2014-15 44,864 7
NSE 2014-15 158,271 56
BSE 2013-14 528,473 15
NSE 2013-14 148,176 42
BSE 2012-13 499,308 14
NSE 2012-13 452,945 46
BSE 2011-12 450,537 24
NSE 2011-12 412,687 53

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!