Any discount broker with their own DP?

[Biker]

What difference does it make if a broker has a DP or not?
These details are complicated.

If broker has his own dp than i can transfer shares from my dp a/c to broker's pool a/c and sell them from there. Like this i dont have to give poa.

If broker doesnt have his own dp then i'll get demat debit charged twice.

 

[market oracle]

Lol, what a complexed outlook. Just be normal and trade. The charges are not so high or worth the headache. Unless you have a HUGE AUM

 

[ajay1919]

Sasonline
Zerodha

Both hv their own dp

 

[anitarani1508]

For an investor it is very important to know whether his broker has its own DP or not.

There are few brokers in Indian industry like trade smart who are giving other benefits while they don’t have their own DP by waiving off AMC and account opening charges for the first year which saves your costs. Although they are not any less authentic. And also when they are getting their work outsourced works in favour of client because his account will be opened at the earliest. And there are some brokers who are on the top in the Indian brokerage Industry and don't have their own DP.

But If a broker has its own DP, that means they will keep your shares in your access all the time.