Sharekhan Customer Reviews, Complaints and Feedback (Page 14)
2.81% 690,766 Clients
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Designed for the Serious and established in 2000, Sharekhan is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), the Sharekhan app and the InvesTiger app (both available for Android and iOS devices).
Designed for serious Investors and Trader...
Zerodha (India's Best & No. 1 Broker)
Special Offer - Free Equity Delivery and Mutual Funds
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
FULLY SATISFIED CUSTOMER OF SHAREKHAN FOR MORE THAN A DECADE.NO ONE ELSE CAN BEAT THEM.NO HIDDEN CHARGES,FAIR BROKERAGE,EXCELLENT SUPPORT,USER FRIENDLY TRADING TERMINAL............CAN SAY MUCH MORE,EVERY ONE CAN SWITCH TO SHAREKHAN.ONE REQUEST TO SHAREKHAN -STOP PROMO OF ONLINE TRADING ACADEMY BY EMAILS.IN MY OPINION THIS FEATURE IS TOOOOO COSTLY,NOT USEFUL/WORKABLE.INSTEAD CREATE AWARENESS IN INVESTORS,EDUCATE THEM ABOUT FUNDAMENTALS.DONT TEACH SPECULATIONS.......,LASTLY ANY CONVERSATION IF IN MOTHER TONGUE,BECOMES EASILY DIGESTABLE TO BRAIN.REST IN INTERVALS.THANKS.
Ratings:
Brokerage - Excellent Account Maintenance Fees - Average Website Usability - Excellent Customer Service - Excellent Overall Experience - Excellent
SHAREKHAN should reduce their account opening fee and brokerage to more reasonable rate for those who trade on a daily basis.
Ratings:
Brokerage - Average Account Opening Fees - Below Average Website Usability - Above Average Software Usability - Above Average Customer Service - Above Average Overall Experience - Excellent
I would like to enquiry for Imtsons Investments Limited. This company has been opened account in sharekhan.com I invested money to this company. I have not received moeny from this company. company persons (Imtiyaz Saiyed) told me that account has not been yet opened. Kindly do let me know Imtsons Investments Limited account has been opened or not in Sharekhan.com.
This was my first company but I had bad experience. Actually one of my friend's friend was working in this company in 2007, so he came to my place and ask to open a demat account. He told that if I will open an account than he will get his salary. But I told him that I will not trade as I not know a single thing about trading in stock market. He told me that once he gets his salary then he will get the refund of my money. So I opened an account and after 10 days I got my money back also, as I had never traded.
Now comes the story. .. In 2011 when I thought of to doing intraday trade . I called one executive from Sharekhan to open an account. I had given all my documents and a cheque for account opening fees. On the same day in evening the executive called me and said that ur pan card is already having demat account with us. I said but I had closed it long time back. That time my friend's friend only sent me the cheque. As I was not aware of that I have to close it also. Neither company called me for that. In 2011 the executive who called me says that there is some 1000 amc debited in your bank account. If you want to do any trading than you have to pay pending Rs 1000. I said why I should pay when I closed the account. He said this only the procedure. I said its ok let it be I don't want to trade with Sharekhan.
Finally I opened my account in IIFL. It's 1 and half year with them. I am a daily trader in equity, currency and commodity. so what this reflect for Rs 1000 Sharekhan has lost a heavy brokerage from my side, almost 20 to 30 k they have lost. This is all because of their employee’s short sight to get new accounts for showing numbers and then cheat new investors. You should be very careful from their sales team.
Sharekhan software - Trade tiger is the best in business. Awesome. But the brokerage is very high. I have never seen any hidden charges in the statement, if stt, turnover charges and stamp suty all are common becaI''m not sure about that. But there are lot of firms offering low brokerage but im concerned about their software. They cant beat trade tiger. anyway im going to try zerodha and angel broking.
I have an online demat account with Sharekhan, for some reasons to maintain a single account at Kotak Mahindra, I would like to close the account at sharekhan, which is impossible. Since 2 years I am struggling to close the same, they keep asking me irrelevant clarifications.
it ss my experience with the m/s sharekhan, when we purchase shares and rates are going up they say that they have not received shares from nse or received short . however they show in our account as it received and collect charges at 0.5%. If they sell it thinking that it is in out account immediately they say that we have sold the shares with out having shares in our account and buy at the higher rates. very bad and bitter experience.
for intraday trade transactions, it is fine , you are charging only 0.1%. but unfortunately for delivery based trade transactions charges are on higher side. why because, there are instances where the scrips bought will be sold within 5 days and during that time the scrips bought would not have credited to our demat account. so, if it is credited to our demat account and after it is sold (after 5 days) then what you are charging is acceptable. this needs to be clarrified by SEBI also.
While the brokerage rate are average,but there is no minimum lot to buy.While selling min 16rs is the brokerage and that includes DP debit charges which others charge seperately 20-30 rs per script.The classic account brokerage rates are however much higher for trading esp penny stocks
Ratings:
Brokerage - Average Account Maintenance Fees - Above Average Website Usability - Above Average Customer Service - Excellent Overall Experience - Excellent
yes...u r rite Mr.Bharat Barot....even i have experienced d same thing..n moreover they dont even give any idea to d customer abt d DP charges scene.....unless n until u are having a habit of doing RnD with ur a/c n u dont keep on scrutinizing ur a/c deeply, u wont even come to know what n how u r being charges for...
• Simple to use web-based trading for beginners • Superior online trading platform with live streaming quotes • Software based trading platform for active traders. • Mobile trading facilities
Other services:
• Facility of integrated Banking Services, Trading & Demat accounts with attractive brokerage options • Efficiently designed for better speed, instant order and trade affirmation • Lifetime free AMC option • Hassel free & user friendly services • 24 x 7 online back office access • Pan-India presence • Proficient customer care • Extraordinary research and advisory support
Transparency in brokerage and charges. back office for clients. super fast software (trade tiger). mobile phone software (easy to use). good fundamentals and technicals.
AVOID SHAREKHAN!!!!! They have lot of HIDDEN CHARGES. They levy lot of charges and you won't be able to earn anything. I myself have suffered quite a substantial capital loss. They charge even more than what u earn. They levy lot of taxes like STT(service trade tax), TRANSACTION CHARGES, BROKERAGE, EDUCATION CESS, HIGHER EDUCATION CESS, STAMP DUTY and more importantly you are charged Rs.16/- for every delivery transaction if your total buy amount is less than Rs.3200/-
Finally, They will SHAVE YOUR HEAD nicely!!!
Go for either GEOJIT or even KARVY for that matter. They are old and also tried and tested.
I have lost around Rs.10,000. That is why i am completely BEARISH on SHAREKHAN!!!! PLS AVOID! OR SUFFER!!!!!!!!!!!!
Thank you for your interest in associating with us.
We would like to inform you that for opening an Online Trading Account with us, you may either register on the site from the following link http://www.sharekhan.com/Campaign/campaignlanding/default.aspx after which we shall send the account opening kit to you. Else you may revert to us with your complete contact details along with landmarks and telephone numbers and we shall have one of our sales representative from the nearest branch or franchisee contact you.
All you have to do is fill up the kit and send it back to us with a proof of residence, proof of identity and a sum of Rs 750/- or Rs.1000/- which are charged as account opening fees for Classic and Trade Tiger Accounts respectively. This amount is to be paid via cheque in favour of Sharekhan Ltd. After we receive all these details from you, your account will be activated within seven working days after which you will have to make an initial deposit of some amount to start with trading. You will be able to trade upto four times of your available balance in your trading account.
When you open an online trading account with Sharekhan, a complimentary demat account is opened for you which is free of cost for the first year. However, from second year onwards you will have to pay demat account annual maintenance charges which amounts to Rs.400/- per annum. These charges are subject to change & changes if any shall be intimated to all clients. There are no DP charges for shares purchased and sold by you via your Sharekhan account. However, there would be other charges applicable to your account which are Demat charges, Charges for transfer of shares from one demat account to another, Service Tax, Custody charges etc.
Further, Sharekhan has got a tie-up with 12 banks for online transfer of funds. These banks are HDFC, Citibank, IDBI Bank, Axis Bank, OBC, UBI, INDUSIND Bank, Yes bank, ICICI bank, Bank of India, DEUTSCHE Bank and Federal Bank. This means that if you are having a bank account with any of these banks, you can link it with your Sharekhan trading account which will enable you to place an online request for transfer and withdrawal of funds.
The Brokerage Charges are calculated as under :-
For Intra-day Trades :-
0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.
For Delivery Based Trades :-
0.5% or 10 paise per share or Rs. 16/- per scrip whichever is higher.
Minimum brokerage of 10 paise per share is applicable when the share price is Rs. 20/- or less and Delivery Handling charges of Rs. 16/- per scrip will be applicable when the traded price is Rs 3,200/-
NOTE: Delivery Handling charges of Rs. 16/- will be applicable only on SELL Delivery Transactions.
For F&O trades :-
0.1% on the first leg
0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.
Please note : Brokerage on Options trades will now be charged on the Premium component instead of the Strike Price which was levied earlier. Brokerage will be charged as Rs. 100/- per contract or 2.5% on the premium (which ever is higher) as per the SEBI circular guidelines.
Please note we also offer different brokerage slabs to customers which offer reduced brokerage rates if you opt for our Prepaid Brokerage schemes depending on the volumes of trades done by you.
The Transaction Charges are :-
NATURE OF TRANSACTION - RATE OF STT (Charged on Traded Value)
Delivery based transaction in equity - Buyer and seller each to pay 0.125%
Non-delivery based transaction in equity - Seller to pay 0.025%
Derivatives ( Futures ) - Seller to pay 0.017%
Derivatives ( Options ) - 0.017% only on sell side if Squared off. (on premium) 0.125% to be paid by purchaser if Exercised. (on settlement value)
Stamp Duty 0.010% for delivery based trades and 0.002% for intra-day trades.
Stamp Duty - Derivatives (F&O) : 0.002% for Futures on actual price and 0.002% for options on premium.
Service Tax 10.30% on Brokerage + Transaction Charges ( 10% Service Tax + Education Cess 2% of Service Tax + Higher Education Cess 1% of Service Tax )
Turnover Tax 0.00335% for Cash Segment (0.00325% + 0.0001% Sebi Turnover Fees) and 0.002% for Futures on actual rate (0.0019% + 0.0001% Sebi Turnover Fees) and 0.0501 on premium ( 0.05% + 0.0001% Sebi Turnover Fees).
Kindly feel free to revert in case of any further clarifications.
Assuring you of our best services at all times and looking forward to a long and pleasant association.
I am with Sharekhan for the last one year. It is OK. However, I have share that their online platform is slow during market heat, say whenever there is sudden surge in the index (up/down) it hangs on and logs off. Their website based trade portal is not fine with IE 8. Their realtime Portfolio tracker depicts wrong picture for the shares bought via IPO/Rights. Dividend earned are not taken into consideration under "realized gains". Viewing of Reports is not at 'one click of mouse'. You have to first select 'Trade Now' from the main menu and then "Reports". These are pretty minor issues, despite pointing out to the Helpline executives not updated by Sharekhan. There may be shortcuts to the Certain debacles mentioned above. Otherwise their Helpline service is very good. Thank you.
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent