I want to know the Demat Account Opening Charges in IDBI Bank so will you please tell me?

[prince karak]

IDBI Bank Demat Account is as simple as opening a Savings Account.

Enter the world of dematerialised shares, bonds and other securities. Convert your securities to dematerialised form with IDBI Bank Demat Account.

Demat Tariff Rate

Activity Applicable Rate

Demat Flat Rs.5 per certificates

Demat Mail Rs.40 per transaction

Remat Rs. 20 for every hundred securities or part thereof

Market Sell 0.04% of the value of the scrip

Off-market Sell 0.04% of the value of the scrip

Pledge Create* 0.02% of the value of the scrip

Pledge Close* 0.02% of the value of the scrip

Pledge Invoke 0.15% of the value of the scrip

A/c Freezing/Defreezing 100

Inter Depository Sell 0.04% of the value of the scrip

AMC (IDBI-SB Customers) Rs. 450/- p.a ( Rs. 400/- for customers receiving statements by e-mail) Senior citizens – Rs. 350/- p.a

AMC (NON IDBI-SB Customers) Rs 2500

*For pledge creation & closure, in case the pledge or lender is other than IDBI Bank then the charges applicable are 0.05% or minimum Rs.50.

Benefits of a Demat Account

With IDBI Bank ’s Demat Account you can enjoy host of benefits.

Lower Account Maintenance Charges

Free Quarterly holding & monthly transaction statements

Internet, Phone & SMS Banking

IDeAS and SPEED- e facility available to view and transfer your securities online

Contact-

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Customers can contact our 24 X 7 Phone Banking numbers
from any Landline / Mobile number, our Toll free numbers are as follows:
1800-200-1947
1800-22-1070