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Pros

Zero account opening charges and no annual maintenance fees for trading accounts.
Wide range of investment options including stocks, derivatives, commodities, and mutual funds.
Comprehensive customer support with multiple channels available, including a dedicated portal and 24/7 assistance.

Cons

Brokerage fees are relatively higher compared to some discount brokers in the market.
The Funds Genie mutual fund app is not available for iOS users.
Limited exposure options, primarily focusing on equity intraday trades for margin trading.

Geojit broker Accounts

Geojit Account Type

Geojit offers two main types of accounts for its clients: Trading Account and Demat Account. The Trading Account allows clients to buy and sell securities, while the Demat Account is used to hold shares and other securities in electronic form. Geojit provides a 2-in-1 account, which combines both the Trading and Demat accounts, making it convenient for clients to manage their investments. The account opening charges for both Trading and Demat accounts are ₹0, and there is an annual maintenance charge (AMC) of ₹400 for the Demat account.

Geojit Broker Account Opening Process

Opening an account with Geojit is a straightforward process that can be completed in several ways:

  • Online Account Opening:
    • Visit the official Geojit website and click on the “Open Account” option.
    • Sign up using your mobile number and verify it with an OTP.
    • Enter your personal details, including your PAN number and date of birth.
    • Upload the required documents such as Aadhaar card, PAN card, address proof, and a recent bank statement.
    • Complete the e-KYC process, which may involve an Aadhaar-based verification.
    • Upon successful verification, you will receive your trading account credentials via email.
    • Request a Callback:
      • Go to the Geojit website and fill in your mobile number to request a callback.
      • A Geojit representative will contact you to assist with the account opening process.
      • Visit a Branch:
        • Locate a nearby Geojit branch and visit in person.
        • The branch staff will guide you through the account opening process and assist you with the necessary documentation.

        After submitting your application, it typically takes a few days for the account to be activated, provided all documents are in order.

Geojit accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Geojit Account