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Fyers is the Depository Participant (DP) with CDSL. Fyers Demat charges details includes account opening charges & Annual Maintenance Charges (AMC), transaction charges, Demat and Remat charges, pledge charges, failed Instruction charges and other charges.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | Free |
| Trading AMC | Free |
| Demat Account Opening Charges | Free |
| Demat AMC | Free |
| Type | Details |
|---|---|
| DP Source | CDSL |
| Demat Account Annual Maintenance Charges (AMC) | Free |
| Statutory Charges (Stamp Charges payable upfront) | Nil |
| Advance Deposit | Nil |
| Transaction Charges (Market Trades) | |
| Buy (Receive) | ₹ 0 |
| Sell (Debit) | ₹7 + ₹5.50 (CDSL Charges) per transaction |
| Demat & Remat Charges | |
| Demat | ₹0 |
| Remat | ₹0 |
| Pledge Charges | |
| Pledge Creation | Nil |
| Pledge Creation Confirmation | Nil |
| Pledge Closure | Nil |
| Pledge Closure Confirmation | Nil |
| Pledge Invocation | Nil |
| Failed Instruction Charges | Nil |
| Other Charges Demat | — |
| Remarks | Nil |
The pledge is a process where you put your holding (NSE Approves Securities and Mutual Funds) as collateral and get a margin against that.
Process of Pledging with Fyers is completely online. You need to log in to the Fyers Pledge portal and request a pledge. Once you request, you need to approve the process on the CDSL website with OTP. After OTP approval CDSL will take 10 mins to approve the request. The pledge margin will be credited to your trading on the next working day.
With a similar online process you can unpledged your holdings. This process also takes one working day to reverse your holding in your demat account.
Fyers Pledge creation and invocation is FREE [For latest charges detail, please refer the demat charges article.]
