+ Expand AllDemat Account Charges
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Q For whom is this applicable to?AThis is applicable to online trading customers.
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Q What are the Demat charges?A
Click here to view the schedule of DP charges.
Account Head Rate Minimum Payable Dematerialisation Rs.50/- per request and Rs.3/- per certificate   -   Rematerialisation Rs.10/- for 100 shares Rs. 15/- Debit Transactions On Market 0.04% of the value of securities Rs. 27/- Debit Transactions Off Market (Plus NSDL charges as applicable) (Plus NSDL charges as applicable) Maintenance Charges for Indians Rs. 50/-per month - Maintenance Charges for NRIs Rs. 75/-per month - Pledge Charge 0.05% of the value of securities Rs. 30/- Invocation of Pledge 0.04% of the value of securities Rs. 30/- Client Master Intimation Charge Rs.25/- - Notes:- There are no charges payable at the time of opening the account. All other charges will be billed on a monthly basis.
- In case of delays in the payment of charges, the demat account can be frozen for all operations till such time all dues are cleared.
- All market instructions for transfer must be received latest by 4.00 p.m. on the previous working day prior to the pay in day as per SEBI Guidelines. All off market instructions for transfer must be received at least 24 hours before the execution date. Late instructions would be accepted at the account holder’s sole risk and responsibility
- Charges are subject to revision at the company’s sole discretion subject to prior intimation to the clients or on revision in Depository charges.
- Any service not quoted above will be charged separately.
- Value of transaction will be in accordance with rates provided by the Depository or actual transaction value, whichever is higher.
- STT and GST will be charged as per current applicable rate, any change in the rates the same will be applied.
- Quarterly statements of transaction may not be sent to the clients, if there is no transactions and no securities balance in the account. Account Maintenance Charges will not be levied in such cases.
- In accordance with the SEBI circulars (Ref # SEBI Circular No. CIR/MRD/DP/22/2012 dated August 27, 2012 and SEBI Circular No. CIR/MRD/DP/20/2015 dated December 11, 2015), DP’s were advised to convert all such eligible demat accounts into BSDA unless such Beneficial Owners (BOs) specifically opt to continue to avail the facility of a regular demat account. For availing BSDA facility, the individual shall have only one BSDA in his/her name across all depositories. In case the BSDA account holder converts such account into Non-BSDA (regular account) account or the account holder ceases to meet the eligibility criteria for BSDA account, the charges applicable to Non-BSDA (regular account) shall be levied.
- For BSDA account holder, (for other than Debt securities) the Account Maintenance Charges (AMC) structure shall be on a slab basis; if the value of holdings (a) Upto Rs. 50,000 there will be NIL AMC and (b) For Value of holding from Rs. 50,001 to Rs. 2,00,000 AMC will be upto Rs.100 per annum.
- For BSDA account holder (for Debt securities), the Account Maintenance Charges (AMC) structure shall be on a slab basis; if the value of holdings (a) Upto Rs. 1,00,000 there will be NIL AMC and (b) For Value of holding from Rs. 1,00,001 to Rs. 2,00,000 AMC will be upto Rs.100 per annum.
- For demat accounts having NIL transactions during the year, statement of holding will be sent only once in a year w.e.f.1st October 2012.
- As per NSDL’s circular dated August 30, 2013, NSDL will levy ` 500/- as Annual Maintenance Charges for Corporate Accounts, effective 1st October, 2013. NSDL Charges would be levied to the respective account as regulatory charge and will be in addition to the DP charges levied by Kotak Securities Limited as per the schedule of charges.
Why Demat Account?
- Mandatory by SEBI
- Easy Portfolio Management
- Security of Equity Investments.
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