Opening a Demat Account click hear application
Depository is an organization, which holds investors' securities in electronic form. The depository also provides services related to various transactions in such securities.
A depository interfaces with its investors through Depository Participants. Depository Participants maintain investors' accounts (Demat accounts), which are similar to Savings Bank/Current accounts with a Bank. Purchase and sale of securities can be done through Demat account.
Why open a Demat account?
It helps you to avoid the trouble of storing share certificates, remember record dates, book closure period, validity date of transfer deeds, maintain record of securities held etc. It reduces paperwork and quickens the transactions and payment settlements.
As a Depository Participant of Central Depository Services (India) Ltd. (CDSL), Central Bank of India facilitates to open Demat Account at any of the following Designated Branches and view your holdings through Internet.
Fees Schedule for Investers
Sr. No. PARTICULARS INVESTORS
1 Account Opening Charges Nil
2 Account Maintenance Charges Rs .200/- (For Corporate A/Cs Rs. 700/-
3 Documentation Charges Actual Stamp Cost
4 Custody Charges Nil
5 Purchares (Market/Off Market) Nil
6 Sale ((Market/Off Market) 0.20%of the transaction Value (Mini. Rs.20/- per transaction)
7 Dematerialization Rs. 2/- Per Certificate
8 Postage per Demat Request Rs. 25/-
9 Rematerialization Rs.25/- Per Certificate
10 Postage for Remat Request Rs.25/-
11 Creation /Confirmation of Creation of Pledge 0.02% of the transaction value (Minimum Rs 25/- per transaction.)
12 Closure / Confirmation of Closure of Pledge 0.02% of the transaction value (Minimum Rs 25/- per transaction.)
13 Pledge Invocation 0.02% of the transaction value (Minimum Rs 25/- per transaction.)
14 Account Closing Charges Nil
15 Securities Leanding Nil
16 Securities Borrowing Rs.50/-
17 Late Transaction Charges Rs. 10/- per Transaction
18 Failed Transaction/Rejulition Rs. 25/-
19 Other Charges All Taxes/Services Tax/Levies/cess as applicable
Depository is an organization, which holds investors' securities in electronic form. The depository also provides services related to various transactions in such securities.
A depository interfaces with its investors through Depository Participants. Depository Participants maintain investors' accounts (Demat accounts), which are similar to Savings Bank/Current accounts with a Bank. Purchase and sale of securities can be done through Demat account.
Why open a Demat account?
It helps you to avoid the trouble of storing share certificates, remember record dates, book closure period, validity date of transfer deeds, maintain record of securities held etc. It reduces paperwork and quickens the transactions and payment settlements.
As a Depository Participant of Central Depository Services (India) Ltd. (CDSL), Central Bank of India facilitates to open Demat Account at any of the following Designated Branches and view your holdings through Internet.
Fees Schedule for Investers
Sr. No. PARTICULARS INVESTORS
1 Account Opening Charges Nil
2 Account Maintenance Charges Rs .200/- (For Corporate A/Cs Rs. 700/-
3 Documentation Charges Actual Stamp Cost
4 Custody Charges Nil
5 Purchares (Market/Off Market) Nil
6 Sale ((Market/Off Market) 0.20%of the transaction Value (Mini. Rs.20/- per transaction)
7 Dematerialization Rs. 2/- Per Certificate
8 Postage per Demat Request Rs. 25/-
9 Rematerialization Rs.25/- Per Certificate
10 Postage for Remat Request Rs.25/-
11 Creation /Confirmation of Creation of Pledge 0.02% of the transaction value (Minimum Rs 25/- per transaction.)
12 Closure / Confirmation of Closure of Pledge 0.02% of the transaction value (Minimum Rs 25/- per transaction.)
13 Pledge Invocation 0.02% of the transaction value (Minimum Rs 25/- per transaction.)
14 Account Closing Charges Nil
15 Securities Leanding Nil
16 Securities Borrowing Rs.50/-
17 Late Transaction Charges Rs. 10/- per Transaction
18 Failed Transaction/Rejulition Rs. 25/-
19 Other Charges All Taxes/Services Tax/Levies/cess as applicable
No comments:
Post a Comment