Bajaj Securities Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out Bajaj Securities Review here. Bajaj Securities is a discount broker offered by Bajaj Finance Limited. This Bajaj Securities review will examine various features, offers, charges, etc.

Although the discount broker segment has seen a lot of new players in recent years, Bajaj Securities has some unique offerings for customers.

They have combined discount brokerage and flexible brokerage plans in a very customer-friendly manner.

They also allow you to invest in foreign stocks with the discount brokerage feature. Let’s have a detailed discussion on these and other aspects of Bajaj Securities.

Why trade or invest with Bajaj Securities?

The main reason why you should open a Bajaj Securities account will be discussed in this section. Let us have a look at them.

• Safety and trust: Bajaj is a well-known name in many sectors, and the same is true in the finance sector. Bajaj Finance Ltd completely owns Bajaj securities.
• Wide range of products: You can trade in direct equity, equity F&O, and access foreign equity and mutual funds.
• Low brokerage: They offer their customers the lowest brokerage in India.
• Flexible plans: They offer three different plans to their customers with different brokerage rates, and you can choose one per your requirements.

The most attractive feature is Bajaj Securities brokerage charges. They offer three different plans, and each has a different brokerage rate.

The customer can choose one according to their needs and affordability. The first plan is Freedom Pack; in this plan, you pay Rs.20 in brokerage per order.

The second plan they offer is the Professional Pack; the brokerage rate in this plan is Rs.10 per order. The third and final plan is Bajaj Privilege Club, and you pay Rs.5 per order in brokerage.

Bajaj Securities Calculator

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How do I open a Bajaj Securities Demat Account?

Let’s look at the process of opening a Bajaj Securities demat account.

STEP 1: Fill up the form given below.

STEP 2: A company representative will contact you and provide a link to open the account.

STEP 3: Sign up by providing your email and mobile number using the link.

STEP 4: You must fill up your details like name, DOB, PAN number, etc.

STEP 5: You must upload scanned copies of your relevant documents.

STEP 6: e-sign the form and submit it.

STEP 7: The account will be active after verifying your details and documents. This usually takes around 24 hrs.

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Bajaj Security provides a website-based trading platform to clients for trading or investing.

They also have Bajaj Securities Online Trading App for Android and iOS operating systems. Clients can also access the online trading app from Android and Apple tablets.

Bajaj Securities apps, trading platforms, and tools have multiple features that are very useful and helpful for a trader or investor.

Bajaj Securities App

Bajaj Securities provides apps for Android and iOS, and you can access the platform directly from their website.

• The apps and website platforms have a real-time price and volume data easily available in the watchlist.
• The available charts are highly customizable and can meet all your requirements. You have varied options like candlesticks, heiken ashi, line charts, etc.
• They also offer stock tips to their clients, and these tips are from veteran experts in equity investment. You will get stocks from different sectors showing growth prospects per the latest economic trends.
• You can buy mutual funds and ETFs directly from their platform, and the units get automatically placed in your demat account. Basic data about mutual funds is also available so that you can choose mutual funds easily.
• Details of your entire portfolio can be viewed in one place. You can view your investments, present valuations, and your P&L.
• A vast selection of technical indicators is also available for customers. You can use these indicators to implement your technical trading strategy for the short or long term.
• You can easily download reports like P&L, capital gains, valuation reports, etc.
• You can create multiple watchlists to monitor stocks you want to trade or invest in the future.
• One swipe buy/sell: The Android and iOS apps provide one swipe buy/sell, making it easy for clients to place quick orders.
• IPO: The platform has a dedicated menu option for IPOs. You can check the ongoing, upcoming, and closed IPOs on the same screen. You can also apply for an IPO using the UPI of any bank. If allotted, the IPO units are transferred to the demat account.
• The platform offers easy options to transfer funds; net banking is the default, but the option of UPI can also be easily used.

Bajaj Securities Vested

This platform is for clients who want to invest in US equity through Bajaj Securities. Bajaj Securities has partnered with Vested to offer this service.

• You can get real-time data on US stocks and ETFs.
• You can view the details of your US equity portfolio.
• You have price charts for US stocks and ETFs on the platform.
• Easy order placement.
• You can access theme-based baskets of stocks and ETFs selected by experts.
• The platform can only be accessed from the website.

This section will check out some of the Bajaj Securities offers.

• Bajaj Securities offers three packs to its customers, which have different brokerage charges and interest on margin trading. They also offer a plan with zero annual maintenance charges for the first year.
• The brokerage can get as low as Rs. 5 even on intraday and F&O trades, the lowest in India.
• Customers can buy US equity at fixed fees and zero commission.

Bajaj Securities SWOT Analysis 

Have a look at every detailed SWOT analysis for Bajaj Securities:

Strength

• Bajaj Finances, a well-known and trusted brand name in India, own Bajaj Securities. Bajaj itself is a very popular and time-tested brand name in many sectors.
• Bajaj Securities is one of the very few companies that provide access to foreign equity to Indian customers.
• Bajaj Securities is offering the lowest brokerage through its privilege club.
• Bajaj Securities has a dedicated webpage for customer queries, depicting their seriousness toward after-sales support.
• They also offer bonds, digital gold, and NPS, which few discount brokerage firms offer.

Weakness

• Although they provide the lowest brokerage, they do not have zero brokerage for any segment, unlike other brokerage firms.
• They lag in advertising and marketing when compared to other major players.
• They do not offer commodity and currency segments, which most discount brokers provide.

Opportunity

• They do not face any trust issues and thus can gain customers more easily.
• If they add commodity and currency segments, they will have one of the largest product offerings among other discount brokers.
• They can use their physical offices, which most discount brokers lack.

Threats

• Most discount brokers offer zero brokerage on equity delivery, which they do not; this can be used to porch on their existing customers.
• The mutual fund business of the parent company has been showing a negative trend for the last few years.
• The current uncertainty in global financial markets may affect them quickly, as their biggest offering is exposure to the US market.

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A Bajaj Securities trading account also has features to assist you in research and analysis. You can get stock tips from experts, but this service is chargeable.

The huge selection of technical indicators can assist you in implementing your trading strategies. You also get a theme-based basket of US stocks and ETFs curated by experts in Vested.

Bajaj Securities’ margin interest rates are very attractive and are one of the lowest, depending on your pack. The leverage they provide is also an equally attractive feature.

• For equity delivery trades: 1x margin
• For equity intraday: a maximum of 5x margin
• In equity, F&O carry forward trades: 1x margin
• In equity, F&O intraday: 1.3x margin

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Bajaj Securities customer care is very efficient; you can get answers to many queries on their Samadhan website only.

• Samadhan website: Many common queries are listed and answered, and you can raise a ticket.
• Customer care phone number: 18008338888
• Customer care email ID: [email protected]
• Social media: They are present on Facebook, Twitter, and Telegram

In this section, we present our analysis of Bajaj Securities’ complaints to give a clearer picture of after-sales services.

• A total of 21 complaints were filed with them. A hundred percent of complaints were responded to.
• Fourteen complaints, or 66.7%, were resolved with complete satisfaction.
• The rest of the complaints had no actionable resolution.

Bajaj Securities Charges

We will now discuss Bajaj Securities account opening charges, other charges, and Bajaj Securities hidden charges to give you an idea of how much it will cost you.

• Account opening charges: There are no account opening charges. Account maintenance charges: Rs 431, Rs 2500, and Rs 9999 for three different packs
• STT and CTT charges range from 0.0125% to 0.1%.
• Stamp duty is between 0.002% and 0.015%.
• Transaction charges range from 0.0019% to 0.05%.

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Bajaj Securities Review – Conclusion

Let’s conclude the Bajaj Securities review by going over certain main aspects of this entire review. Their most unique feature is the facility to trade and invest in US stocks and ETFs.

This in itself is unique, but in addition, they are providing it at a very low cost. In addition to this, they provide stocks, F&O, mutual funds, bonds, digital gold, and NPS.

They provide three different plans for their customers; even the basic plan has a low and fixed brokerage.

If you choose the most premium pack, you will get very low brokerage even on intraday and F&O trades and a very attractive interest rate on margin trades.

FAQs on Bajaj Securities

Here is the list of FAQs related to the Bajaj Securities Review:

Is Bajaj Securities a safe broker?

It is a very safe and trusted company registered with SEBI and complies with SEBI security standards.

Is Bajaj Securities good for beginners?

They make it easy to open an account online, and their platform is very easy to operate, making them good for beginners.

How many active clients does Bajaj Securities have?

A client base of around 1 lakh was reported in 2022–2023.

Who is the founder of Bajaj Securities?

Bajaj Securities, a discount brokerage firm, is a 100% subsidiary of Bajaj Finance Limited, a Bajaj Group company.

Does Bajaj Securities provide free delivery for trading?

You can get a fixed brokerage of as little as Rs. 5 per order, but they do not provide free trading.

What are the intraday trading charges for Bajaj Securities?

The brokerage charges range from Rs. 5 to a maximum of Rs. 20, depending on your plan.

What are Bajaj Securities F&O charges?

Like the intraday charges, the F&O segment charges also vary from Rs. 5 to Rs. 20, depending on the plan.

Does Bajaj Securities charge for commodity trading?

No Bajaj Security does not offer commodity trading to its customer.

Does Bajaj Securities charge for Currency Trading?

No customers do not get currency trading or investment in Bajaj Securities.

Does Bajaj Securities Provide Research?

You can get stock tips from research, but it is a paid service. No free research is provided.

How do I contact Bajaj Securities Customer Care?

You can contact customer care by phone, email, or social media. You can also raise a ticket on the Samadhan webpage.

How much is the AMC at Bajaj Securities?

Annual maintenance charges differ for each plan; they range from Rs.431 to Rs.999.

What are the account opening fees at Bajaj Securities?

Bajaj Securities does not charge any extra fees to customers for account opening.

What are pledge creation charges in Bajaj Securities?

The pledge creation charge that Bajaj Securities offer is Rs.35 per request.

How much are pledge invocation fees at Bajaj Securities?

Just like pledge creation, pledge invocation charges are Rs. 35. These are charged on a per-request basis.

Does Bajaj Securities levy any interest on margin trade funding?

Yes, Bajaj Securities charges interest on margin trade funding; the highest rate is 18% per year and can go very low depending on the plan.

What are the DP charges for Bajaj Securities?

For every sale order, DP charges are levied from the customer; they are Rs.13.5 per sale order.

Does Bajaj Securities levy any account closure fees?

To close your account, you contact customer care and make an account closure request. There are no extra fees.

What are the account reactivation fees at Bajaj Securities?

To reactivate your account, you have to pay all the due charges that your account has. No extra fees are charged above that.

What are call and trade charges in Bajaj Securities?

In call and trade, a charge is levied for every trade you make; the charges are Rs.20 in addition to other costs.