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Discount Broker Depository: CDSL & NSDL
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Bajaj Financial Securities Limited provides an option to invest in stocks, mutual funds, etc. Even though Bajaj Financial Securities is a relatively new entrant in this industry, it enjoys a positive brand image. Bajaj Finserv has an active client base of 31,800 as of March 2024.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans:

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

₹ 431

Account Maintenance Charges

Free

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

0.10%

Equity Intraday Brokerage

₹ 17

Equity Futures Brokerage

₹ 17

Equity Options Brokerage

₹ 17

Currency Futures Brokerage

-

Currency Options Brokerage

-

Commodity Futures Brokerage

-

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

4x

Equity Futures Margin

3.5x

Equity Options Margin

3.5x

Currency Futures Margin

-

Currency Options Margin

-

Commodity Futures Margin

-

Commodity Options Margin

-
Charges

Account Opening Charges

Free

Account Maintenance Charges

Free

Plan Charges

₹ 2500

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

₹ 10

Equity Intraday Brokerage

₹ 10

Equity Futures Brokerage

₹ 10

Equity Options Brokerage

₹ 10

Currency Futures Brokerage

-

Currency Options Brokerage

-

Commodity Futures Brokerage

-

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

4x

Equity Futures Margin

3.5x

Equity Options Margin

3.5x

Currency Futures Margin

-

Currency Options Margin

-

Commodity Futures Margin

-

Commodity Options Margin

-
Charges

Account Opening Charges

Free

Account Maintenance Charges

Free

Plan Charges

₹ 2500

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

₹ 5

Equity Intraday Brokerage

₹ 5

Equity Futures Brokerage

₹ 5

Equity Options Brokerage

₹ 5

Currency Futures Brokerage

-

Currency Options Brokerage

-

Commodity Futures Brokerage

-

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

1x

Equity Intraday Margin

1x

Equity Futures Margin

1x

Equity Options Margin

1x

Currency Futures Margin

-

Currency Options Margin

-

Commodity Futures Margin

-

Commodity Options Margin

-
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

BFSL Trade Website BFSL Trade
Pros

Advantages and Strengths of this broker.

  1. Single platform for all investment instruments.
  2. Minimal brokerage on equity intraday and delivery (For the subscribers of Professional pack).
  3. Provides real-time stock market news and updates.
  4. Allows investment in IPOs.
  5. Provides loan against securities.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Offers only regular plans for Mutual Fund investments.
  2. Does not offer free equity delivery.
  3. Only equity segment trading is available.
  4. Does not offer research reports & trading calls.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Bajaj Finserv

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3.2)

Usability

(2.1)

Customer Service

(3.5)

Charges Review

  • The brokerage charges are moderate as compared to other discount brokers.
  • Equity delivery is not free but it charges a flat fee per trade irrespective of trade volume.
  • Bajaj Finserv Securities provides an option of availing different financial instruments through various platforms with an extra fee.
  • Provides easy access to Loan Against Securities offered by Bajaj Finance Limited.

Customer Service Review

  • Bajaj Financial Securities Ltd provides support over both call & email.
  • As per customer reviews, the support is prompt.
  • They also provide chat support but ticket raising option is not available.
  • They have physical branches present in most of the cities.

Ease of Use Review

  • The trading platforms are user friendly and easy to navigate.
  • The platform also features relevant market updates for the traders.
  • Bajaj Finserv Securities is currently developing their trading platform with Omnesys to provide better trading experience.

Account Opening Procedure Review

  • For individual accounts, the online account opening process is time taking.
  • Physical copy of POA form also needs to be submitted mandatorily.
  • The offline account opening process is tedious.

Why Choose Bajaj Finserv? Know Everything about Bajaj Finserv here.

Verdict

Bajaj Finserve provides its vast clientele with a wide range of products and services, such as insurance, loans and brokerage services in equities, mutual funds and derivatives. It also offers research and analysis tools to investors and traders. It further envisions facilitating services such as insurance, lending, asset and wealth management advisory, etc.

If you are an investor, the broker provides you with

  • Seamless platform with an easy-to-use interface.

  • Stock baskets for long-term investments via PickRight.

  • Offers facilities to make different types of investments.

If you are a trader, the broker provides you with

  • Flexibility of placing the order via online as well as offline modes

  • Margin Trade Financing at attractive interest costs.

  • Developing new trading platforms for advanced trading experience.

  • Flat brokerage on equity intraday and F&O delivery depending upon the choice of plan.


Trading Tools

Bajaj Finserv offers an array of trading tools that aim at improving the trading experience and making it hassle-free. 

Website (BFSLTRADE)

Bajaj Finserv's Website brings trading to one's fingertips with all types of guidance and assistance regarding trade. Some of its salient features are:

  • Convenience of instant decision-making and placing quick orders
  • Real-time market updates and news
  • Hassle-free trading in derivatives and cash
  • Secure transactions from Bajaj Finserv Demat account to bank account and vice-versa
  • Ease of access across multiple devices hones, computers, and other online devices.

BFSL Trade

The BFSL Trade App is an advanced trading platform that eases the trading process in equity and derivatives. It further makes trade transactions hassle-free with up-to-date market information. The features provided by BFSL Trade are as follows: 

  • Live market data and news
  • Convenient trading in equity and derivatives on NSE and BSE
  • Instant IPO application process
  • Easy to build trade portfolio with robust analytics

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE

0.00325% - NSE

0.0019% - NSE

0.05% - NSE

Demat Transaction Charges 

Sell-side, ₹ 30 per scrip 

-

-

-

Clearing Charges

-

-

0.00025% - NSE

0.00025% - NSE

GST

18% on Brokerage + Transaction + Demat Charges

18% on Brokerage + Transaction

18% on Brokerage + Transaction + Clearing Charges

18% on Brokerage + Transaction + Clearing Charges

STT

₹ 100 per Lacs 

Sell-side, ₹ 25 per Lacs 

Sell-side, ₹ 10 per Lacs 

Sell-side, ₹ 50 per Lacs 

SEBI Charges

₹ 5 per crore

₹ 5 per crore

₹ 5 per crore

₹ 5 per crore

 

Bajaj Finserv Complaints & Stats

Company name:

Bajaj Financial Securities Ltd

Contact:

1800 833 8888

Email:

connect@bajajfinserv.in

Active Users:

31,800
Bajaj Finserv Customer Reviews

Overall Rating

5

Based on 2 reviews

Rating Summary

5
100%
4
0%
3
0%
2
0%
1
0%

Review Analytics

Platform 0 votes

Charges 0 votes

Transparency 0 votes

Features 0 votes

Customer Support 0 votes

asad

(5)

Posted on 29 Jul 2021

Good

chetan shah

(5)

Posted on 19 Dec 2020

Good