Bonanza is the prominent stockbroker of India, started its operation in 1994 as a financial service provider and very soon emerged as one of the best full-service brokers of India. Bonanza is famous for its low brokerage in various different segments as it charges brokerage @flat Rs.18 per executed trade for all the segment. It is a SEBI registered broker and facilitate you to invest in national exchanges; NSE, BSE, MCX, MSEI, NMCE, ICEX and NCDEX. Bonanza offers you to invest/trade in equity, derivative, currency, commodity, IPO and mutual funds. Bonanza has its headquarter in New Delhi and it has its presence in 560+ cities with more than 1784 outlets. Bonanza is popular for its leverage and margin facility which is available in almost every segment including intraday.
Bonanza offerstrading software; Bonanza Netnetlite, Bonanza Mobile Wave and Bonanza Diet. With the help of trading software, you can book your order from any place across India and able to analyse the market precisely. As a depositary participant of NSDL and CDSL, Bonanza offers free demat and trading account opening services in its platform. Bonanza offers various financial services; equity broking, advisory services, portfolio management services, mutual fund and IPO. The main objective of the Bonanza is to provide world-class services in a affordable price.
Complaint against Bonanza:
Usually, different traders or investors with variable mindset across India faces many problems while trading related to fund, trading software, buy or sell order, demat/trading account, fund transfer, brokerage etc. Customers used to register those complaints in the BSE and NSE. Such complaints are serious grievances against Bonanza broker which the broker has failed to resolve. This complaint data is provided by BSE and NSE which shows the health and services of Bonanza.
This complaint report also provides the total no of active customers of Bonanza as well as it shows the growth of the broker year on year.
Bonanza Consumer Complaints
Financial Year
Exchange
Active Clients
Total Complaints
Percentage
2024-21
NSE
44,291
22
0.04%
2019-20
BSE
16,269
2
0.012%
NSE
36,191
13
0.035%
2018-19
BSE
16,167
3
0.018%
NSE
37,201
15
0.04%
2017-18
BSE
25,413
12
0.05%
NSE
46,078
25
0.054%
2016-17
BSE
20,523
8
0.03%
NSE
37,127
23
0.06%
2015-16
BSE
22,017
21
0.09%
NSE
33,618
35
0.10%
2014-15
BSE
19,287
23
0.11%
NSE
34,463
47
0.13%
2013-14
BSE
2,69,983
12
0.004%
NSE
30,456
25
0.08%
2012-13
BSE
2,59,303
23
0.01%
NSE
2,40,610
62
0.03%
2011-12
BSE
2,39,245
71
0.03%
NSE
2,29,738
115
0.05%
Bonanza complaint at NSE
Entity
2024-21
2019-20
2018-19
Defaulter
No
No
No
Number of active clients
44,291
36,191
37,201
Number of complaints received
22
13
15
Resolved through the exchange
20
10
14
Non-actionable
2
1
0
Advised/Opted for arbitration
0
0
0
Pending for redressal with exchange
0
2
1
%of complaints against active customers
0.04%
0.04%
0.04%
Bonanza Complaint at BSE
Entity
2019-20
2018-19
2017-18
Defaulter
No
No
No
Number of active clients
16,269
16,167
25413
Number of complaints received
2
3
12
Resolved through the exchange
2
3
12
Non-actionable
0
0
0
Advised/Opted for arbitration
0
0
0
Pending for redressal with exchange
0
0
0
%of complaints against active customers
0.01%
0.01%
0.05%
Comments for Bonanza Broker Complaints: Resolving Your Concerns for a Seamless Experience
Bonanza is equipped with many unique features such as free demat & trading account opening, brokerage of flat Rs18 per executed order. handsome leverage facility in all segment, online & offline account opening facility method, trading software & tools and more than 1700+ branches are available across India.
NRML refers to when a trader wants to avail the leverage benefits in equity delivery whereas CNC (Cash and Carry) refers to when a trader can buy shares on the behalf of available funds in his/her account.
No, it is very much clear that securities received against investments under Foreign Direct Investment Scheme (FDI), Portfolio Investment Scheme (PIS) and Scheme for investment on non-repatriation basis need to be credited into separate demat account and also investment under PIS can be on repatriation and non-repatriation basis.
It is a very simple process; you need to visit the nearby branch or download the account opening form from the official website and send it to broker’s office along with required documents.
NRI/PIO are allowed to open only one account with any designated bank (Preferred bank - Axis bank) in a prescribed format for PIS account. After that, bank can issue a PIS approval letter to the investor.
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