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TERMS & CONDITIONS
# 15 minsThis is applicable during the office hours to sole holder Resident Indian accounts which are KRA verified, also account would be open after all procedures relating to IPV and client diligence is completed. There is no AMC charged on Demat account for the first year. All other charges will apply as per agreed tariff rates.
* Free accountThe offer is open only for a limited period at the sole discretion of the company and applicable only to new accounts opened up to June 30, 2024. The offer is only for waiver of account opening charges of Rs 354. All other charges as well as taxes and other statutory/Exchange charges continue to apply.
^ Pay Only When You Profit
Registered Office: Espresso Financial Services Private Limited, The Ruby, 18th Floor, 29 Senapati Bapat Marg, Dadar (West), Mumbai 400 028, Maharashtra, India. Tel: 022 6750 2000. Fax: 022 2432 7343.
Correspondence Address: 10th Floor, Gigaplex Bldg. No. 9, Raheja Mindspace, Airoli Knowledge Park Rd, MSEB Staff Colony, TTC Industrial Area, Airoli, Navi Mumbai, Maharashtra 400708. India. Tel: 022 6116 9000 / 6115 0000, Fax No. 6116 9699.
Espresso Financial Services Private Limited: SEBI Regn. Nos.: BSE / NSE (Cash / F&O / CD) / MCX – Commodity: INZ000041331; CIN No. U65100MH2015PTC269036 DP: CDSL-DP-451-2020; NSE Member ID – 90194; BSE Member ID – 6732; MCX Member ID – 55400.
For any complaints email at [email protected]
Compliance Officer: Mr. Ravindra Ramchandra Kalvankar; Email ID: [email protected]; Tel: 022 6226 3303.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please refer to the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do’s and Dont’s issued by Stock Exchanges and Depositories before trading on the Stock Exchanges. Brokerage will not exceed the SEBI prescribed limit.Espresso shall not be responsible for any unauthorized circulation, reproduction or distribution of any material or contents on www.myespresso.com and its various sub-pages and sub-domains. Kindly note that the content on this website does not constitute an offer or solicitation for the purchase or sale of any financial instrument. The value of the securities may fluctuate and can go up or down. Neither our company, nor its directors, employees, trainers, or coaches shall be in any way liable for any claim for any losses (notional or real) or against any loss of opportunity for gain. The strategies or financial products or ideas discussed in the various pages may not be suitable for all investors/traders and would depend on the risk appetite and investment objectives of each of the investor/trader. The trading avenues discussed, or views expressed may not be suitable for all investors/traders.
The securities quoted are for illustration only and are not recommendatory
After unpledging, the shares will reflect in the DP quantity instead of in the pledge quantity. You can check the same by going to the Reports section and tapping Holdings followed by the QTY button against the relevant scrip.
In order to transfer shares from your demat account to another demat account, it is mandatory to submit a DIS (Delivery Instruction Slip) duly filled and signed by the account holders. You need to fill up the off-market trade portion of your Delivery Instruction Slip. Here are the details required to be filed in the DIS:
• DP Name: Target DP name (where you want your shares to be transferred)
• DP ID: Target DP ID
• Client ID: Demat account no. of the client in whose account you are transferring the shares
• Security Details: Scrip name, ISIN and quantity
In case you wish to transfer more than three securities in one slip, the Annexure should be updated in the proper format (only 30 entries per DIS leaf in a maximum of three annexures is allowed, each containing 10 records). You can send these documents to the following address:
Sharekhan Comtrade Private LimitedLodha, I Thank Techno Campus, 10th Floor, Beta Building, Off. JVLR, Opp. Kanjurmarg Rly Station, Kanjurmarg (E), Mumbai - 400 042.
The charges levied would be 0.03% of the value of transaction (Minimum INR 30) per ISIN.
If you wish to transfer shares from another demat account to your Espresso demat account, the same process needs to be followed with that DP.
Here are the eligible criteria for BSDA scheme:
• Investor should be the sole/single holder.
• Investor should hold only one demat account over all depositories in India.
• The market valuation of the holdings should be less than Rs 2 lakhs.
Technically all types of securities can be pledged. It depends on pledgee (with whom shares are pledged) to accept a security for pledge or not.
You can check the pledged shares by going to the Reports section and tapping Holdings. Then tap on Qty to know the pledged quantity.
Physical Sovereign Gold Bonds (SGB) bought through a bank or other financial intermediary can be converted to a demat form by submitting the dematerialisation request to the issuing banker or financial intermediary. The bank/intermediary will upload the data in the e-Kuber portal of RBI to process your request. In order to process the dematerialisation request, a copy of your CMR/CML (attested by the DP) will be required.
BSDA is a special category of demat account that can be opened by only individual investors. The value of securities held in the demat account shall not exceed Rs 2 lakhs at any point of time. BSDA account holders get the following benefits in terms of annual maintenance charges:
• No AMC charges if the total market value of the investment is less than Rs 50,000.
• Rs 100 if the value is above Rs 50,000 and below Rs 2,00,000
Note: if the investment value exceeds Rs 2,00,000 at any point of time, regular charges as per the non-BSDA accounts will be applicable as per the normal tariff sheet.
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