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Zerodha (Flat Rs 20 Per Trade)
Axis Bank, India's 3rd largest private sector bank offers depository services (Demat Account) to retail customers in India. With over 11 lakh demat account (as of March 16), Axis Direct is 4rd largest provider of demat accounts after ICICI, HDFC and Sharekhan.
Some of the key features offered by Axis Demat Account include:
Note: At Axis Bank, it's mandatory for a customer to have a saving account with Axis bank before opening Axis Bank Demat Account. The Demat account is linked with saving account.
To open a new Demat account with AxisDirect, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 0 |
| Demat Account Annual Charges (AMC) | Rs 750 (free for 1st year) |
AxisDirect Demat Charges
AxisDirect trading and demat account opening fees are Rs 900. AxisDirect charges Rs 650 per year demat account AMC. AxisDirect demat debit transaction fee of Retail Account: 0.04% of the value of the transaction (Min Rs 25 per instruction) whichever is higher. Rs 25 flat per instruction for mutual fund units. BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Rs 50 flat per instruction for mutual fund units. Corporate Account: 0.04% subject to minimum of Rs 23 per instruction. per debit transaction.
| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 900 |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) | Retail Account: 0.04% of the value of the transaction (Min Rs 25 per instruction) whichever is higher. Rs 25 flat per instruction for mutual fund units. BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Rs 50 flat per instruction for mutual fund units. Corporate Account: 0.04% subject to minimum of Rs 23 per instruction. |
| 4 | Annual Maintenance Charges (AMC) | Retail Account: Axis Bank Customer: Rs 650 per year (1st year free). Rs 2500 for client who has not authorised bank to debit Demat ac charges from Bank ac maintained with Axis Bank. Non-Axis Bank Customer: Rs 250 per year (1st year free) BSDA Account: Nil for holding value till Rs 50,000 Rs 100 per year for holding value from Rs 50,001 to Rs 2,00,000 Holding value above Rs 2,00,000 tariff for Retail account will be applicable. Corporate Account: Rs 400 for Axis Bank clients + CDSL AMC of Rs 500 Rs 600 for non-Axis Bank clients+ CDSL AMC of Rs 500 |
| 5 | Demat + Courier charges | Retail / BSDA Account: Rs 5 per certificate subject to minimum of Rs 50 per request, whichever is higher. Rs 50 per request as courier charges for mutual fund Units. Corporate Account: Rs 2.50 per certificate subject to a minimum of the Rs 50 per request. |
| 6 | Remat | Retail / BSDA Account: Rs 20 for every 100 securities or part thereof or Rs 50 per request whichever is higher. Rs 50 per instruction for mutual fund Units. Corporate Account: Rs 20 per certificate subject to minimum of Rs 50 per request |
| 7 | Pledge Creation | Retail Account: 0.04% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Corporate Account: Flat Rs 50 per request. |
| 8 | Pledge Creation Confirmation | Nil |
| 9 | Pledge Invocation | Retail Account: 0.04% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Corporate Account: Flat Rs 50 per request. |
| 10 | Failed Transactions | Rs 10 per Instruction |
| 11 | Other Charges | Ad-hoc Statement - Rs 100 per statement Quarterly (Physical) statement Retail Account - Nil BSDA Account - Rs 25 per statement Account Modification Charges Retail Account - Nil BSDA Account - Rs 100 DIS Booklet Charge Retail Account - NIL BSDA Account - Rs 200 per booklet Redemption of mutual fund units through DP - Rs 25 per instruction |
Axis Direct Demat account can be closed online only when there are no holding or outstanding dues in your account.
You need to send a mail to dphelp@axisdirect.in mentioning all your account details like Client ID, PAN No. and the reason for closing your account.
Zerodha (Flat Rs 20 Per Trade)
Information on this page was last updated on Thursday, November 23, 2023
Zerodha (Flat Rs 20 Per Trade)
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