To open a Joint Demat account with Samco, the process is completed offline. All account holders must submit their KYC documents, joint bank proof, and the signed joint account opening form. Once the documents are verified, the account will be activated. Step-by-Step Process to Open a Joint Demat Account Steps […]
How can I get the sample forms for offline account opening?
You can download the offline account opening sample forms directly from our website in just a few simple steps. Please visit the Samco Resources page: https://www.samco.in/samco-resources Once you’re there: Select the appropriate account type Click on the relevant form to download it instantly. The forms available on this page are […]
What is the TAT of my non-individual account application?
Apart from brokerage, what other charges apply?
All brokers in India charge statutory fees, which include: STT (Securities Transaction Tax) Exchange Transaction Charges SEBI Charges GST (18% on brokerage & exchange charges) Stamp Duty These are government or exchange-mandated charges and are not controlled by Samco.
If my order is partially executed, will I be charged multiple times?
No. If you place one order and it gets executed in parts, brokerage is typically charged as one executed order* Note: This is not applicable if you place a bracket order
Is GST applied on all charges?
GST (18%) applies on brokerage and exchange feesGST is not charged on STT Stamp duty is a separate government levy All of these are added on top and visible in your contract note.
Are there AMC (Annual Maintenance Charges)?
• ₹0 AMC for the first year on your Demat account.• From the second year onwards: ₹400 + GST for Individual Demat accountsHigher for non-individual accounts (e.g., corporate) This keeps your first year cost-free while you get started.
How much does it cost to open a Samco account?
Samco offers ₹0 account opening charges for Trading & Demat accounts. This means you can start investing and trading without paying any upfront fee to open your account.
Are there any hidden charges?
No hidden charges. However, apart from brokerage, the following statutory charges are applicable: STT (Securities Transaction Tax) Exchange Transaction Charges SEBI Charges GST (on brokerage & exchange charges) Stamp Duty (as per state rules) These are government/exchange-mandated and applicable with all brokers.
Is brokerage charged on both buy and sell?
Yes. Brokerage is charged per executed order, so: ₹20 on buy ₹20 on sell Total = ₹40 for a complete round trade (if applicable).
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