info@peerlesssec.com+91 33 4050 2700

What we Offer

Essentially, a depository participant means a place that resembles a bank that stores money and conducts transactions. Instead of money, a depository participant acts as a store of assets such as securities. Peerless Securities Ltd (PSL), as a Depository Participant (DP) offers a seamless, safe & convenient way to hold securities in electronic form as compared to paper form. It offers freedom from delays, forgeries, settlement risk and paper work. In line with its commitment of providing highly evolved products and prompt services. PSL is a registered Depository Participant with National Securities Depository Limited (NSDL).The emergence of the depository system in India has revolutionized the trading industry, making transactions quicker, safer, and more efficient. At PSL, we offer you the convenience of this system right at your fingertips.

PSL eKYC

Automated pay-in facility to clients.

Smart Backoffice

Reduced transaction costs.

Advance Process

Digital On-boarding Process and facility to transact online.

PSL Trust

Trustworthy and reliable.

Central Dealing Desk

Dedicated Relationship Manager and effective Customer centric support.

Stock Margin

Nominate your loved ones at your fingertips.

Open A/c SPEED-e | IDeAS

Depository Participant

A Depository Participant is described as an Agent of the depository. They are the intermediaries between the depository and the investors. The relationship between the DPs and the depository is governed by an agreement made between the two under the Depositories Act. Be part of Peerless Extended Family by opening an account with us.

Start Investing

Instant A/c Opening

🚀 Open your Trading/Demat Account in minutes in PSL
eKYC—hassle-free & paperless! 💼

Call and Trade

Know A/c Opening Status

+91 333 4050 2700

Call from anywhere and get updated.

Tradingview Chart

Query your Stock in DP

dpoperations@peerlesssec.com

Down NSDL Mobile Speede App

Pledge

Nominate Loved Ones.

Anywhere - Anytime

Register here

Steps to open an Account

Opening an account with us is both simple and straightforward. Our streamlined process ensures you can get started on your financial journey with ease. Just follow the steps, and you'll be ready to enjoy our comprehensive services in no time.

Account opening Process Chart

Begin by visiting the official website of Peerless Securities Limited www.peerlesssec.co.in. On the homepage, you'll find the "Open an Account" option. Input your email address and mobile number as requested. This information will be used to generate a One-Time Password (OTP) that will be sent to your provided mobile number.

After receiving the OTP on your mobile, proceed to verify your Permanent Account Number (PAN). Enter your PAN number and date of birth as per your PAN card details. Additionally, you'll receive an email verification mail from Peerless Securities Limited (PSL).

You can choose the KYC verification method that suits you best. Options include fetching KYC data from the KYC Registration Agency (KRA), offline Aadhaar XML-based eKYC, sharing KYC documents via Digilocker, or opting for Video KYC, and access a pre-filled registration form. You'll need to provide the remaining details required to finalize your account registration.

Fill in your bank account number, along with the corresponding IFSC code and any other essential bank details. Additionally, you'll have the opportunity to select the specific trading segments you're interested in. In the same section, you can indicate if you already have an existing demat account that you'd like to use. If you choose this option, provide your existing client ID and DPID or otherwise proceed with new demat account procedure.

Prepare and upload the necessary documents as part of the account opening process. The documents typically include your signature, a selfie photo with your PAN card, a scanned copy of your PAN card, a cancelled cheque or bank statement, and any other relevant documents. Be sure to adhere to the specified size and format guidelines for smooth processing. Additionally, this is the stage where you can choose to nominate a beneficiary for your account.

Carefully read and agree to the provided terms, review all the information you've provided, and choose to e-sign using Aadhaar OTP. Await confirmation regarding your account opening status from Peerless Securities Limited.

Pricing and Charges Details

Depository Participant (DP) charge is levied by the depository, i.e., National Securities Depository Limited (NSDL), and Depository Participant (DP), i.e., Peerless Securities (PSL), when shares are sold from the demat account. The charge is imposed by NSDL and by PSL) + 18% GST and is applicable per day and per stock, regardless of the quantity sold.

Charges Head Charges Details
Account Maintenance NSDL Charges ₹ 500/- per corporate account per annum
Account Maintenance DP Charges Regular Account- Individuals-₹ 650 GST per annum For Corporate - ₹ 650+GST in addition to NSDL Charges ( ₹ 500 ) p.a
BSDA Account -No AMC till holding value ₹ 400,000 ; ₹ 100/- + GST per financial year for holding value between ₹ 400,001 and ₹ 10,00,000 and if crossed within financial year will be charged regular AMC
Demat ₹ 20 GST per certificate, subject to a minimum of ₹ 150 GST
Remat NSDL Charges a) ₹ 10/- for every hundred securities or part thereof subject to maximum fee of ₹ 5,00,000/-; or
b) a flat fee of ₹ 10/- per certificate, whichever is higher.
Remat DP Charges ₹ 12/- + GST per cert. Min. ₹ 500/- + GST plus NSDL charges
Settlement / Transaction Debit NSDL Charges Per debit instruction ₹ 4/-
Settlement/Transaction Fees DP Charges Per debit instruction ₹ 18/- + GST for intra DP, ₹ 21/- + GST for inter DP, ₹ 12/- + GST for instruction delivered through Speed-e. (Exclusive of NSDL Charges)
Pledge Creation NSDL Charges Per instruction ₹ 25/-
Pledge Creation DP Charges Per instruction ₹ 35/- + GST (Exclusive of NSDL Charges)
Pledge Creation Confirmation NIL
Pledge Closure Per instruction ₹ 15/- + GST
Pledge Closure Confirmation NIL
Pledge Invocation NIL
Margin Pledge NSDL Charges(Per instruction) Margin Pledge Initiation from client account to TM: ₹ 5/- per instruction Re-Pledge from TM account to CM account: ₹ 1/- per instruction Re-Pledge from CM account to CC account: ₹ 1/- per instruction Re-pledge release by CM to TM account: 1/- per instruction Margin Pledge release by TM / CM to Client Account: 5/- per instruction Invocation by CM or TM: ₹ 5/- per instruction No fee for re-pledge release / invocation by CC
Margin Pledge DP Charges Per instruction ₹ 15/- + GST for creation/closure/invocation, ₹ 6/- + GST for Repledge by TM to CM/CC or release by CM/CC to TM (Exclusive of NSDL Charges)
Failed Instruction Charges ₹ 20/- + GST for each erroneous/failed/rejected transaction
NDU NSDL Charges NIL
NDU DP Charges NIL
Statutory Charges at the Time Of Account Openning NIL
Advance Deposit NIL
IDeAS Free IDeAS services to all clients. GST other statutory taxes will be charged extra wherever applicable
Other Charges Charges for Demographic detail change - ₹ 50/- + GST ; Speed-e Maintenance charges per F.Y: . NIL for password users, . ₹ 200/- plus NSDL charges + GST for e-token users, Cq dishonour charges . ₹ 250/- + GST, DI book- ₹ 20/- + GST (except the first one), Late submission for same day Pay-In is ₹ 20/- + GST per transaction
Condition Applied* : GST & other statutory taxes will be charged extra wherever applicable.

Way to Trade/Invest in PSL

woman avatar

Online Trading / Investing


Trade/Invest easily from anywhere through our mobile app PSMART  PSMART and MR-PiP  PiPapp

Google Play   Apple App Store

woman avatar

Call & Trade


Just dial 033 6813 5000 and place your order.

033 6813 5000

woman avatar

Trade from our Office


Visit any of our 10+ offices near you for a rich trading experience.

PSL Location

Open Account Create Support Ticket

Frequently Asked Questions

Explore our Frequently Asked Questions to find answers to common queries about our services, account management, and trading processes. Whether you're curious about account opening procedures, fee structures, or technical support, our FAQs provide clear and concise information to help you navigate your trading journey seamlessly. If you have specific questions not covered here, our support team is always ready to assist you further.

Account Opening process link

Yes, a trading and demat account can be opened with PSL even if there are accounts with other brokers with the same PAN that may or may not be active. The PAN enables Indian regulatory authorities to identify the investments linked to their owners, irrespective of the number of demat accounts they own.

Providing bank account details at the time of demat account opening is mandatory. These bank details are communicated to issuer companies / RTAs for the purpose of crediting any amount payable to you (such as dividend, interest or maturity payment or redemption amount) directly in your bank account. It is therefore suggested that you provide details of your active bank account in the account opening form. Later, in case of change therein, please remember to inform to your DP.

In demat account, debit or credit transactions are permitted only if it is duly authorized by the respective holder(s). As a Delivery Instruction Slip (DIS) is required for every debit transfer in the demat account, a 'Receipt Instruction Slip' is required for every credit transfer in the demat account. By giving a onetime standing instruction to your DP, you may avoid giving receipt instruction to your DP whenever a credit is expected in the account.

Record date is the date, which is taken as cutoff day by a company to consider the list of shareholders for the purpose of distribution of any type of corporate benefit. You would be entitled to receive the benefits as declared by the company if your name appears in the list of shareholders as on the ‘record date’. Therefore, it is important for you to ensure that securities bought by you are transferred to your account by your broker before record date.

In order to dematerialize certificates, you need to open a demat account. Once the demat account has been opened, you need to fill up a 'Dematerialization Request Form' in prescribed form and submit it to your DP along with the security certificates. Your DP will forward the demat request to the concerned issuer company or its Registrar and Transfer Agent for further processing. Once the request is confirmed by the concerned issuer company or its Registrar and Transfer Agent, it results in credit of electronic securities in the demat account of the respective investor.

Nomination is not mandatory for demat account. However, it is very much recommended to have nominee mentioned in the demat account. In the unfortunate case of death of sole account holder, it makes the process of transmission very easy and fast. In case you do not wish to mention any nominee at the time of account opening, you are required to state that ''I/We do not wish to make a nomination'' and submit a declaration in prescribed format as per sebi guidelines.

Delivery Instruction Slips are similar to your bank account cheque book. You should take care of following points in respect of DIS -

  • Ensure that you receive DIS book from your DP. Do not accept loose slips (unless required so in urgent situations).
  • Ensure that each DIS is pre-printed and serially numbered.
  • Ensure that your Client ID is pre-stamped or pre-printed on each DIS.
  • Do not leave your DIS with anyone else. Fill it and hand it over to your DP when you need to do so.
  • Keep your DIS book safely. In case you happen to lose or misplace any slip or booklet, please inform your DP immediately in writing.
  • If DIS has place (lines) to mention more than one instruction and you are not using all of them, then please remember to strike out the unused lines / space before handing it over to your DP to prevent misuse by any.
  • Please ensure that the instruction slip is duly filled in with all required details and signed by all the joint holders before handing it over to your DP.

As per SEBI's guidelines, the reason or purpose for which the off market transfer is undertaken and consideration for such transfer, needs to be mentioned on the delivery instruction slip submitted for such transfer. There are various options given in the DIS booklet for 'Reason / Purpose'. You need to select the appropriate one and mention it on the DIS. If the Reason / Purpose of the transfer is 'off market sale' then in addition to amount of consideration, you need to mention the following details also -
  1. Date of payment.
  2. Mode of payment (cash, cheque or electronic payment).
  3. In case mode of payment is cheque or electronic payment, transferee's name, bank account number, bank name, transaction reference number for electronic payments or cheque number for cheque payments are required.

  1. All debit transfers
  2. Credits for IPO, sub-division and bonus
  3. Failed instructions
  4. Overdue instructions
  5. Change of mobile number
  6. Change of address
  7. Debit of mutual fund units
  8. Registration and de-registration of Power of Attorney
  9. Modification, cancellation / deletion of nominee name
  10. Pledge initiation, confirmation and invocation (to pledgor)
  11. Blocking of and debit of shares in respect of tender offer instruction.
  12. For change of address, registration and de-registration of DDPI in depository system, SMS alerts are sent to registered mobile phone irrespective of whether account holder has opted for this facility or not.

Start Trading
On Multiple Platforms
to Experience Revolutionary Technology.

PSMART PSMART ODIN
PSL

Peerless Securities has partnered with TradingView for its charting technology. A comprehensive trading platform offering market data and analytical tools like stock screeners and economic calendar to track key financial events.