Docstoc

Axis bank demat trading account charges details

Document Sample
Axis bank demat trading account charges details Powered By Docstoc
					Schedule of Charges for Retail Customers (Effective from 1 st April 2008):
Description of Charges            Revised                                  Basis of Recovery
Account Opening Charge             Nil (Statutory Charges would
                                   recovered)                                        NA
Account Closing Charge             Nil                                               NA
Annual Maintenance Charge          Rs. 500/- p.a. for customer authorizing           AMC for existing Demat
                                   Bank to debit DP charges from Bank                Accounts to be recovered up-front
                                   account maintained with Axis Bank.                in April. New Accounts would be
                                   -----------------------------------------------   charged on pro-rata basis from
                                   Rs. 2,500/- p.a. for customer who has             the Next Day of Account
                                   not authorized bank to debit DP                   Opening.
                                   charges from Bank account maintained
                                   with Axis Bank.
Demat Charges                      Rs. 5/- per certificate subject to a              Demat Charges to be recovered
                                   minimum of Rs.50/- per request.                   through monthly bill.
Remat Charges                      Rs. 20/- for every 100 securities or part
                                   thereof or Rs. 50/- per request           Remat Charges to be recovered
                                   whichever is higher                       through monthly bill.
Debit Transactions                 0.04% (Min Rs.20/- per Instruction)               Sell Transaction Charges to be
                                                                                     recovered through monthly bill.
Failed / Rejected Instruction      Rs.10/- per Instruction                           Failed/ Rejected Instruction
                                                                                     Charges to be recovered through
                                                                                     monthly bill.
Ad-hoc Statement                   Rs.100 per Statement                              Statement Charges to be
                                                                                     recovered upfront.
Pledge Services
Creation                           0.04% (Min Rs. 25) + NSDL Charges                 Pledge Creation Charges to be
                                   Rs.25/- per instruction                           recovered through monthly bill.
Closure                            0.04% (Min. Rs. 50/-) per Instruction             Pledge Closure Charges to be
                                                                                     recovered through monthly bill.
Invocation                         0.04% (Min. Rs. 50/-) per Instruction             Pledge Invocation to be recovered
                                                                                     through monthly bill.
SPEED-e
SPEED-e Annual Maintenance         Rs. 20/- per User ID for Password               SPEED-e AMC charges to be
charges                            Users.                                          recovered up-front in the month
                                   ----------------------------------------------- of April every year.
                                   Rs. 1000/- per User ID for Smart Card/
                                   E- Token Users.
SPEED-e Debit Transactions         Rs.20/- per instruction                           Sell Transaction Charges to be
                                                                                     recovered through monthly bill.
Freezing Instruction on SPEED-e Rs. 125/- per instruction                            Freezing Instruction Charges to
                                                                                     be recovered through monthly
                                                                                     bill.

All charges mentioned above are inclusive of NSDL charges.
Service Tax as ‘applicable’ would be levied.
The above rates are subject to change with 30 days prior intimation.
Annual Maintenance Charges are non-refundable.

				
DOCUMENT INFO
Shared By:
Stats:
views:2516
posted:2/12/2010
language:English
pages:1