Demat Account

Demat Account: Keep track of your Shares and Investments

Demat Account

Demat Account offers you easy ways to keep track of your shares and investments that you have traded in over a period of time.

- Eliminates hassles of physical handling of shares
- Safety of securities
- Option to open a Demat Account with NSDL and CDSL

Apply Now | SMS DMAT to 561615

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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

Schedule of charges for Demat Account

w.e.f February 01, 2007

Account Type Demat Account

Joining charges

 
 

Account Opening / Joining Fees

 

Nil (Stamp Paper Charges, as applicable)

 

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

 


• All rates are calculated on the market value.
• The above charges are exclusive of Service Tax, which will be as applicable.
• The above rates are subject to change with 30 days prior intimation.
• Annual Maintenance Charges are levied upfront for a period of one year at the beginning of the period, and shall be refunded for the balance quarters in the event of closing or shifting of the demat account from one participant to another.
• *Pledge service will include individual pledge creation request, closure request, pledge invocation receipt, pledge invocation delivery favoring other counter parties only.
• All instructions for transfer must be received at the designated branches of the Bank at least 24 hours before the execution date.
• #All instructions received on 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.

Grievance Redressal

Attention Investors
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Prevent Unauthorized Transactions in your demat account. Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL / CDSL on the same day. Issued in the interest of investors.

Important Information
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

Please submit copy of Aadhaar Card to the nearest DP servicing branch duly signed by the authorized holder(s) with a request on a plain paper, mentioning DP ID and Client ID (Demat account number), to link your Demat account with Aadhaar Number. Happy to serve you.

As part of Go-Green initiative, kindly update email ids, mobile numbers, bank account details in your demat account so as to receive all communication / dividend, interest, redemption payment electronically with SMS alerts.