db DematAccount
db DematAccount offers you easy ways to keep track of your shares and investments that you have traded in over a period of time. This eliminates the hassles of physical handling of shares, which leads to mutilation and misplacement in transit.
Benefits
- Nominal account maintenance charges
- Option to open a demat account with NSDL and CDSL.
- Personalised delivery instruction booklet
- Paperless trading to prevent mutilation, loss and misplacement of certificates, thereby eliminating the problems of bad delivery
- Safety of your securities
- No stamp duty on transfer of securities
- Faster settlements of buy or sell orders, direct credit or allotment from public / rights / bonus issues
- Multi-branch facility for operating your demat account
- Periodic statements of holdings and transactions
Apply Now
- Click here to apply online
- SMS DMAT to 561615
- Call 1860 266 6601#
# Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at 6601 6601. Call charges apply.
Schedule of charges for Demat Account
w.e.f February 01, 2007
| Account Type | db DematAccount |
|---|---|
|
Joining charges |
|
|
Account Opening / Joining Fees |
No Charge |
|
Demat |
Rs. 2.50 (per certificate) Min. Rs. 50 per request |
|
AMC |
Rs. 500 p.a* |
|
Custody Charges |
No Charge |
|
Transaction charges |
|
|
Transaction (Buy) |
No Charge |
|
Transaction (Sell) |
0.04% of the value of transaction; Min. Rs.25 per request |
|
Pledge Creation |
0.03% of the value of transaction; Min. Rs. 50 per request |
|
Pledge Closure |
0.03% of the value of transaction; Min. Rs. 50 per request |
|
Pledge Invocation |
0.03% of the value of transaction; Min. Rs. 50 per request |
|
Other Charges |
|
|
Account Closing |
No Charge |
|
Remat |
Rs. 30 per certificate |
|
Failed instruction charges |
Rs. 20 per instruction |
|
Late Instructions# |
0.20% of the value of transaction; Min. Rs.30 |
|
Other charges, if any |
Ad - hoc Statement - Rs. 100 per statement. |
|
DIS booklet |
No Charge |
*Stamp Charges as applicable shall be levied
#All instructions received the same day as the pay in date or received after 4:00 pm for the same day execution will be treated as late instructions
All Rates are calculated on the market value
Service Tax and Cess as applicable shall be levied
Annual Maintenance Charges are not refundable and are levied upfront for a period of 1 year at the time of Account opening
All instructions for transfers must be received at the designated branches at least 24 hours before the execution date
These Service Charges are subject to change as per Bank's policies
