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Demat
02 November 2016
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Why ProStocks collects refundable deposits of Rs 1000 for demat?

ProStocks is opening your account free. Your Trading and Demat Account is life time AMC free. Rs 1000 are collected as refundable deposit towards Demat Account. There is no deposit when client open only Trading Account. 

When everything is free many people can open account merely because everything is free. We are not interested in Rs 1000 but it is our experience that if any client is not using account say for 2 years, he is not interested in doing any compliance as well as not interested in closing the account, as he is not debited any AMC for Demat Account. Rs 1000 are refunded as and when demat account is closed.

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  • Guest - Amit

    about 8 years ago

    I have deposit rupees 1000 for demat and trading account opening but dont submitted documents till now because i dont want to open the account for some days.
    Now how can i get back my money?
    As specified by you that this is the refundable amount.
    Please tell

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  • Team ProStocks

    Guest - Amit
    about 8 years ago

    You need to send email to [email protected] along with copy of bank statement from which Rs 1000 has been debited. Please make sure that statement has IFSC Code along with Your Name and Account number.

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  • Guest - Ankit

    about 7 years ago

    I am a beginner, if i open an account paying 1000 rupees, and start trading, but within few days, if i found no interest or felt i cannot continue in this, can i get my refund back ?? or will there is any minimum time/days i need to hold my account active to get my refund back.

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  • Team ProStocks

    about 7 years ago

    Rs 1000 is refundable deposit. Your Trading and Demat Account is life time AMC Free. There is no minimum period required to close the account and take refund.

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  • Guest - DAXA

    about 5 years ago

    HOW CAN I CHANGE MY LINK BANK DETAILS

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  • Guest - R1966

    about 4 years ago

    Hi,
    Sent email with bank statement for refund but there was no reply, not even auto reply.
    I too stopped opening account in the middle after transfer 1000.

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  • Guest - Pradip

    about 3 years ago

    I open the Demat /trading account for my minor daughter through prostocks but I have to now i have to deposit 1000 /- as refundable amount but as per your protocol it is mandatory through cheque only but my daughter is minor & she have only saving bank account & bank said she is minor so cant provided cheque book /online banking /mobile banking so how is it possible to deposit the money for my daughter account. Is this possible send the money through guardian cheque? Kindly suggest the solutions

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  • Guest - Nazish

    about 3 years ago

    Want to open a demat account and transfer all my holdings from Indiabulls/Dhani stocks to prostocks. Are there any charges for transfer of holdings from one Dp to another

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