SAS online discount brokerage firm offers brokerage services for stocks, future and options on NSE, BSE and MCX. They call themselves a venture started “by traders for traders. They provide very competitive brokerage rate of just Rs. 9 per executed order or unlimited monthly plan for just Rs. 999! This is by far the cheapest brokerage rate provided by any brokers in India.
Just to give you an example of how competitive these rates are for example :You place a ‘buy’ order for 1000 Reliance share and it get completed it takes 10 trades until the whole 1000 are bought. However, , irrespective of how many trades it takes to complete the order, you will be charged a flat brokerage rate of Rs 9.
Apart from this they also provide a “999 unlimited monthly plan” which gives you a break from having to pay brokerages every time you trade . Using this you can Trade unlimited across NSE cash, BSE Cash and NSE F&O with zero brokerage costs. MCX and Currency can also be traded using this plan. They are one of the few broker who are still providing unlimited trading platform to there clients.
Account Opening Charges
1. Account Opening (Trading) – Rs 200
Annual Maintenance Charges for Demat – Nil
They have taken NSDL membership and would be providing the services at ZERO AMC.
* It is not mandatory to open a DP Account with us for delivery based trading. In case you already have one, you don’t need to open one.
3. DP Charges – Rs 9 + CDSL Charges
4. STT, Service Tax, NSE Turnover and Transaction Charges, SEBI charges are all as applicable market-wide.
a. Intraday Margins for Cash: upto 20 times for F&O stocks
b. Intraday Margins for Equity Futures: 5 times over and above the exchange margin
For holding Equity Futures overnight, exchange stipulated margins are required.
c. Margins for Currency Futures: 50 % of the total margin (SPAN + ELM) as per exchange.
*100% premium amount required for buying options
SAS NEST trader – State of the art online trading platform so you can make the most of the opportunities in today’s market. NSE NOW is one of the fastest, reliable and user-friendly platforms available in the country today. Servers are co-located inside NSE thus ensuring tick by tick rate updates and quick order routing. Most of the discount brokers use this to provide seamless trading experience to brokers. You have to download this on your PC to use NEST trader.
SAS web platform – HTML 5 trading platform which works on almost all the modern day browser. No need to install anything and trade on the browser.
SAS Mobile trader – SAS provide access to your account through your there mobile app. You can check your portfolio and also trade on the move using this.
Funds can be transferred through payment gateway, net banking, NEFT, RTGS and Cheque. Details of our bank account are available on the website for the purpose. Funds must be transferred through your bank accounts registered with us. A payout can be requested through back office or email. All payout requests will be processed by the end of that trading day.
Payin Option with SAS online
Instant transfer: One you have linked your bank account with the trading account, you can transfer the money instantly from Bank account to your trading account. It is instant fund transfer and there is a small charge of Rs 9 per transaction
NEFT/RTGS: Not interested in instant transfer. Then you can choose transfer through NEFT or RTGS. In case you are using NEFT, you can only trade once the money in received by them which can take couple of hours to happen. RTGS is instant fund transfer but there is a minimum limit of Rs 2 lakh and above only. You have to do the RTGS/NEFT to SAS online HDFC bank account details on which can be found on their website.
Cheque deposit: The least complicated way to transfer money is by cheque deposit. The only issue being check deposit can take upto 48 hrs to show in your account. So if you are not in hurry
Online Back Office
The Back Office system allows you to view your trading activity since you joined SAS. At the end of each day, your trading activity is uploaded from NSE NOW to your account for your perusal. You can Use this data to understand your historical trading activity, file tax returns, and other accounting purposes.
SAS online does have the lowest brokerage but they provide NEST trading platform which is not that great. To find about the lowest brokerage having best service, read our post on Lowest brokerage account in India.
You can know more about the main discount broker in India here.