Schedule of charges for Demat Account

Schedule of charges for Demat Account

w.e.f February 01, 2007
Account Type Demat Account
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