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Geojit Review 2023

Rated 4/5 by InvestorGain Team
Last updated on: 12-Sep-2023
Geojit BNP Paribas Review
  1. Ranked #1 Broker in India
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Geojit Review 2023 - Quick Summary

Open a Free Demat Account online with Geojit BNP Paribas today to start online trading on the state-of-the-art trading platforms; SELFIE app, web, and desktop terminal, and also get financial planning, portfolio management services, and get free access to Geojit stocks and mutual fund research services.


Geojit Top Highlight for 2023

  • Trade on BSE, NSE, and MCX.
  • Free account opening.
  • Free stocks and mutual fund research
  • Convenient and super-fast trading & investment platform – SELFIE and FundsGenie.
  • Get financial planning and portfolio management services.
  • Geojit Global Investment to invest in the US market.
  • Offices in UAE, Bahrain, Oman, and Kuwait to assist NRI clients.
  • Countrywide network of 472+ branches.

About Geojit

Geojit backed by banking giant BNP Paribas is the first ever broker that launched online mobile trading in 2010. It is one of the leading full-service brokerage firms offering to trade in BSE and NSE listed shares, derivatives, commodities, currencies, and also distributes mutual funds, and insurance products. It is definitely a single place for all your investment needs along with financial planning and portfolio management services.

Open a free Geojit trading and demat account today, to start effortless trading and investing journey with South India’s Best broker. The broker also facilitates NRI trading services via NRI Demat & Trading account. It has a significant presence in the GCC countries like Kuwait, Oman, Bahrain, UAE, etc to provide dedicated NRI services.

Geojit charges a fixed percentage of brokerage to facilitate clients to trade online in different segments. It charges 0.30% brokerage on equity delivery, and 0.03% on equity intraday and equity futures. However, brokerage on options trading is charged on a per lot basis.

When it comes to technology, Geojit has advanced trading & investing platform called SELFIE in the form of a trading website, mobile app, and a downloadable desktop trading terminal.

Geojit customers are offered free access to stocks, IPO, and mutual fund research reports & recommendations to take smart investment decisions. Its multi-channel distribution network of 500+ physical branches, dedicated online portal, and telephonic & e-mail customer care services cater to customers' requirements.

Take a quick analysis of Geojit BNP Paribas Review 2023 including its account opening charges, brokerage charges, trading platforms, margin/exposure, customer care details, and trading pros & cons.

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  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
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Geojit Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Geojit charges a brokerage fee or commission to facilitate customers to trade in different segments. It follows the traditional brokerage model and levies a fixed percentage of brokerage fees from clients. Its online-traditional plan brokerage charges across segments are prescribed below;

Geojit Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 700 PA

Geojit Brokerage Plan with closest competitors

Here we are comparing Geojit with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Geojit 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .03 to .3% Rs 20 Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.30% or 30 paisa Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.03% or 3 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.01% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 50 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.05% (Buy and sell)| Options: Rs. 150/lot| Option Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.03% or 3 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Rs 50 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating

Other Charges

  • Call & Trade Charges: Free
  • RMS Auto Square Off Charges: Free
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Geojit Brokerage Charges.

Please refer unique and accurate Geojit Brokerage Calculator


Type of Account offered by Geojit

Geojit offers 2-in-1 (Demat & Trading) as well as 3-in-1 accounts with a PNB bank account. Opening an account with Geojit BNP Paribas facilitates customers to trade in stocks (intraday and delivery), futures & options, commodities, and currencies segments.

Geojit Trading and Demat Account

  • In May 2021, Geojit has entered into an agreement with PNB to allow customers who have savings account in PNG to open a 3-in-1 account (Geojit Demat + Geojit Trading + PNB Savings A/c). This facility makes it easier for customers to transfer funds in real-time via the payment gateway facility from their bank savings account to their trading account.
  • Customers with accounts in any other bank like HDFC, ICICI, Axis, etc. can open an online Demat cum Trading Account with Geojit. Users can trade in equity, derivatives, commodity, currency, IPO, and mutual funds, and also get portfolio management services.
  • Geojit currently offers free account opening at zero charges and also its Demat account levies zero AMC fees. The offer is applicable until 31st March 2023.

Geojit NRI Trading & Demat Account

  • Geojit broking house facilitates NRI clients to open an NRI trading and demat account. NRIs can trade in BSE and NSE listed shares, equity derivatives, IPO, mutual funds, and also access Geojit investment advisory and portfolio management services.
  • The full-service broker has also joined hands with several banks i.e., South Indian Bank, SBI, Axis, IDBI, and Federal Bank to link NRI bank account (NRE or NRO) to their NRI demat & trading account. Geojit has further partnered with local offices in the Middle East (Kuwait, Bahrain, UAE, Oman, etc.) to assist NRI clients.

Geojit Global Investment Account

In 2020, Geojit has partnered with Stockal global wealth management service platform. The platform allows users to invest in 5,500+ US stocks and ETFs digitally or in a paperless manner.

Geojit Global Investment Benefits;

  • Digital account opening in just 15 minutes.
  • Diversify your portfolio by investing in US stocks.
  • Buy and sell stocks in fractions.
  • Seamless fund transfer (Deposit and withdrawal) to US brokerage account.
  • No minimum investment requirements.
  • No monthly charges.
  • 24*7 customer support.

How to open Geojit Account online?

Likewise other brokers, Geojit also facilitates instant account opening through a simple, digital and hassle-free process with zero paperwork. You can open a free Geojit Demat account in just 5 minutes and experience an effortless trading journey with South India’s best brokerage firm.

Steps to open Geojit Demat & Trading Account Online;

  1. Head to Geojit’s official website.
  2. On the top left side, click on the “Open Account” option.
  3. Sign-up with your mobile number and OTP.
  4. Enter your name, and e-mail address, and verify it with email OTP.
  5. Now, provide PAN number and DOB as per PAN.
  6. Select the trading & investment products as per your choice.
  7. Link your bank account for digital fund transfer.
  8. Go through the in-person verification (IPV)
  9. Verify the details and e-sign to digitally sign the account opening form.
  10. That’s all! you will get your Geojit trading account credentials in your email.
  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Geojit

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Geojit Mobile App and Trading Platforms

Trading Platforms Rated 4.5/5

Geojit offers a SELFIE trading and investing platform in HTML web, installable software, and mobile app versions. The advanced SELFIE platform allows customers to trade seamlessly across multiple asset classes. Check out the key features offered by the Geojit SELFIE mobile app and trading platforms;

SELFIE Mobile App

  • SELFIE mobile app by Geojit is a next-gen trading app to transact in equities, derivatives, currencies, commodities, and mutual funds. The app comes with a user-friendly interface and provides a host of features including interactive real-time charting (Mountain, Bar, Candlestick, etc.), quick order execution, multiple watchlists, option chain analytics, research recommendations, mutual fund recommendations, and more. The SELFIE mobile app is available in Android and iOS versions.

SELFIE Gold

  • SELFIE Gold is a web-based online trading platform that can be accessed via any supported browser like Chrome, Firefox, and Internet Explorer. The trading website allows online trading in equity, equity futures & options, commodity, and currency segments.

SELFIE Platinum

  • SELFIE Platinum is an installable trading terminal that is specially designed for day traders. Advanced charting, customizable layout, super-fast order execution, etc. are the key features available on the SELFIE desktop platform. Active trades who have their eyes glued to trading must trade through SELFIE Platinum to track even minor price movements.

FundsGenie Mobile App

  • FundsGenie is a smart user-friendly mobile app-based mutual fund investment platform. FundsGenie app has a thousand mutual fund schemes to choose from and invest in. The app facilitates a paperless onboarding process and allows users to place an instant order placement to invest in their choice of mutual fund scheme. It also provides access to mutual fund recommendations for free.

For detail review of mobile app and download please visit Geojit Trading Platform Review.


Geojit Trading Pros

  • Trade and invest in stocks, derivatives, commodities, and currencies.
  • Zero account opening charges and Zero AMC.
  • 3-in-1 account opening.
  • Invest in smartfolios, a basket of stocks.
  • Diversify your portfolio with global investment.
  • In-depth stocks and mutual fund research access for free.
  • STEPS, comprehensive financial planning, and investment advisory
  • Apply for IPO and invest in mutual funds.
  • Secure & user-friendly SELFIE superfast platform in web, app, and desktop versions.
  • FundsGenie, a dedicated mutual fund app platform.
  • Great quality customer care support.
  • 4x exposure on Margin trading facility (MTF).
  • Place buy and sell GTT order.
  • Loans against shares.

Geojit Trading Cons

  • Geojit charges relatively high brokerage compared to other full-service brokers like Angel One, Edelweiss.
  • FundsGenie mutual fund app is not available for iOS platform users.

Geojit Customer Care info

As far as customer service is concerned, Geojit is known to offer the best quality services. The broker has a dedicated portal where customers can register their complaints or issues, check turnaround time, and get a personalized solutions. Thus, the broker keeps users informed about all the issues raised via ticket.

Apart from this, email support and telephonic support are also available. Further, customers can call the Geojit toll-free number or visit any of the Geojit branches (472) to get a solution. Whatsapp chatbot and Telegram bot are also self-service channels. The broker offers great customer service 24*7.


Final thought about Geojit

Rated 4/5 by 79 users

Geojit BNP Paribas has successfully established a long track record of over 35 years in the brokerage space. However, despite being one of the oldest brokers with great customer services, a next-gen SELFIE trading platform, and free research, the broker is still not able to gain a competitive edge in the industry. Therefore, before opening a trading and demat account with Geojit, it is advised to check its brokerage charges, products & service offerings, and hidden charges as well.

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Last updated on: 2023-09-12


Geojit BNP Paribas User Reviews

25. Raj Aug 07 2023 06:20:26 PM Reply
Pathetic as far as the brokerage is concerned. In F and O, they over the complete day) and the brokerage was almost Rs 3000 whereas it would have been max Rs 200 with others.
24. Rajesh Aug 07 2023 06:54:09 AM Reply
Exorbitant brokerage especially in F and O. Their customer care on "what ss up" ( I am not supposed to type the app name here. Hope evreyone understood what I meant) response is pathetic. Its as good as no response.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average
23. Arnab Aug 25 2020 07:17:24 AM Reply
This is one of the most pathetic app you can ever imagine. The interface is crappy. The app crashes every now and then. Worst being that I have experienced in most of the times, you will only see 2-3 stocks out of the say 10-15 stocks you hold displayed on your portfolio. T The tech says just go ahead and keep refreshing. The customer care sucks, the responses are always delayed. The app doesn''t allow you to place SL post or pre hour market. The balances keep changing Demat vs Geojit. Constant bank account linking issues. Please please check on the brokerage, tax, cess, etc). I would strongly recommend an alternative platform for sure. Sometimes the orders dont get executed coz of the issues. You are forced to logoff, refresh time, and again thus either landing up with a huge loss or reduced profits. I have seen customers, including me who initially invested in stocks with a long term horizon, who are stuck with profits in one hand and having to face the app issues. They have to close all their accounts in order to move to a different platform.
22. Arnab Aug 24 2020 07:51:01 PM Reply
I would absolutely discourage anybody and everybody to opt for Geojit, out of all the brokers. It would rather be advisable to give up your trading dreams and profits if you don''t see any other platforms valuable enough. It is important not to be biased. Please use the utmost care before signing up with Geojit.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
21. Frustrated user Aug 06 2020 08:07:23 PM Reply
This broker purchases stocks at highest rates, when the market rates are not even near to that. Last week they purchased RL shares for me at Rs.2320, which is way too high at this moment, 2177 being the highest value so far. Their brokerage is high. Their annual charges are high. The website and selfie app are utter failures. Too confusing, and not at all user friendly. This broker''s way of working is not quite transparent.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
20. ajithrajhm Jul 19 2020 08:37:54 PM Reply
Geojit smartFolios pakage is very best for trade
19. ajith Jul 19 2020 09:10:16 AM Reply
ok no problem

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
18. Jose George Jul 03 2020 09:50:21 PM Reply
Taking brokerage more than shown in your site in option trading. Rs. 100 minimum and 2% for buying and 1.5 % for selling. Taking this for the last one year. Besides gst for brokerage also taken even though brokerage including gst is Rs. 75 per lot. My trading account is TRJ 491

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Average
Overall Experience - Average
17. Desh Deepak Jun 08 2020 06:20:24 AM Reply
Excess brokrej charge take

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Excellent
Overall Experience - Above Average
16. Muthamil selvan Jan 05 2020 10:52:43 PM Reply
Good in customer care and ease in online trading

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average