| |
| Schedule
of Charges |
| Effective
from April 1, 2010 |
| |
|
| Particulars |
Charges |
| |
|
| Account
Opening |
Nil |
| |
|
| Agreement |
Rs.100/- |
| |
|
| Transaction
Charges |
|
|
a) Purchases |
Nil |
|
|
| b) Market
Sale |
@ 0.03% of the transaction value (minimum Rs.30/-
per scrip) |
|
|
c) Off
Market Sale |
@ 0.03% of the transaction value (minimum Rs.30/-
per scrip) |
|
|
| d) Interdepository
Sale |
@ 0.03% of the transaction value (minimum Rs.30/-
per scrip) |
|
|
| Demat
Charges |
Rs.3/-
per certificate |
|
(subject
to a minimum of Rs.30/- per form) |
| |
|
| Remat
Charges |
Rs.50/-
per certificate |
| |
|
| Annual Maintenance |
Re.360/- per annum (to be recovered upfront)
|
| Charges |
| |
|
| Pledge/Hypothecation |
|
| a) Creation |
@ 0.02% of the transaction value (minimum Rs.50/-
per scrip) |
| |
|
| b) Closure |
@ 0.02% of the transaction value (minimum Rs.50/-
per scrip) |
| |
|
| c) Invocation |
@ 0.02% of the transaction value (minimum Rs.50/-
per scrip) |
|
|
| |
|
| Account
Closing |
NIL |
| |
|
| Failed
Instructions |
Rs.15/-
per scrip |
| |
|
| Late
Charges |
Rs.50/-
per occasion |
| |
|
| Stop
Charges |
Rs.50/-
per scrip |
| |
|
| Note
: |
-
Transactions and Pledge will be billed on a monthly basis. All
other charges will be recovered on the spot.
|
-
Minimum charges for Demat is as per Dematerlisation Forms submitted.
|
- Courier/Postage for demat requests and Fax will be on actuals.
|
- Additional
copy of statements at Rs.25/- per statement requested.
|
- Rates
are subject to change from time to time as per the Bank's discretion on a prior notice of 30 days.
|
- The above charges are exclusive of service tax and education cess which is currently @ 10.30%.
|
- Any service not quoted above will be charged seperately.
|
- Annual Maintenance Charges are non-refundable and will be levied upfront for a period of one year at the beginning of the financial year. For accounts opened during the year, AMC will be recovered upfront from the month in which the account is opened to the end of the financial year.
|
- Value of the transaction will be in accordance with rates provided by NSDL as on the transaction date or the preceding working day in case of transaction done on a Saturday.
|
| The
conversion of physical certificates of an investor into the electronic
form is Dematerialisation, popularly known as Demat. |
|
| A
Depository is an organisation, which holds your securites in the
form of electronic accounts, the same way as a bank holds your money. |
|
| A
Depository Participant (DP) is an authorised agent of the
Depository that interacts with the investor. It maintains the client's
securities account balance. |
|
| Functions
of A Depository Participant |
| Dematerialisation |
| Rematerialisation |
| Holds
securities in an electronic form |
| Settlement
of market and off-market trades
|
| Facilitating
pledge of securities |
| Electronic
credit on new share allotments |
|
| What
can be dematerialized? |
| Shares,
Bonds and Mutual Funds can be dematerialised. Major UTI Scheme
certificates can also dematerialised. |
|
| Benefits
of Demat |
- No
risk of mutilation or loss of physical securities
|
- No
risk of theft or fraud associated with physical securities
|
|
|
- No
bad deliveries of securities
|
- No
risk of receiving fake/ forged/stolen certificates
|
- Eliminates
transfer deeds and consequently reduces paperwork
|
- No
stamp duty of 0.5% as applicable on physical transfers
|
- Investment
is highly liquid, as there is shorter waiting period
|
- Payments
are much faster on securities sold in electronic form
|
- No
question of verification of genuineness of holding while obtaining
loans/advances against the same
|
- Facility
to pledge the securities
|
- Loans
maximum upto 50% of the market value of the security can be raised
|
- No
problem of odd lots, even one unit is marketable
|
- Faster
disbursement of corporate benefits
|
|
