COMPARE DEMAT ACCOUNT CHARGES

This post is all about comparing different charges one incurrs while opening/operating a Demat Account with various depositories : SBI, ICICI, HDFC, CITIBANK, SHAREKHAN, etc.

DEMAT Account Charges :

Comparison of Account Opening Charges, Account Maintenance Charges, Charges for BUY and SELL trades.
These are the charges which matter most to most of us.

Depository
Account
Opening Charges
Account Maintenance Charges
BUY
Charges

SELL
Charges

SBI
Demat Account

Charges
NIL
Rs. 400/-
per year (Rs.350/- if you choose email statement)

NIL
NIL for trade on' SBICAP Securities, else 0.03% (Min. Rs.30/-)
HDFC
Demat Account

Charges
NIL
Rs. 500/-
per year
NIL
0.04%
Min. Rs. 20/-
CITI Bank
Demat Account

Charges
NIL
Rs. 250/-
per year
NIL
0.06%
Min. Rs.18/-
Sharekhan
Demat Account

Charges
NIL
Rs. 75/- per quarter
0.02%
Min. Rs. 15/-
0.04%
Min. Rs. 15/-
ICICI
Demat Account

Charges
NIL
Rs. 500/-
per year (Rs. 450 if you choose email statement)
NIL
NIL for trade on ICICIDirect.com, else 0.04%*
*Min Rs.10/- for e-instruction, Min Rs.30/- for instructions through branches.

Comparison of Dematerialisation and Rematerialisation charges
(only relevant if you want or have shares in old paper format style)
Depository
Dematerialisation Charges
Rematerialisation Charges
SBI
Demat Account
Charges
Rs. 35/- for each request form, +Rs.2/- for each certificate
Rs. 25/- for each request form
HDFC
Demat Account
Charges
Rs. 35/- per request form+ Rs. 3/- per certificate
Rs. 10/- per certificate
CITIBank
Demat Account
Charges
Rs. 50/- per request form
Rs. 50/- per request form
Sharekhan
Demat Account
Charges
Rs. 15/- per request OR Rs. 3/- per certificate, whichever higher
Rs. 25/- or 0.12% of value, whichever higher
ICICI
Demat Account
Charges
Rs.35/- per request form + Rs. 2/- per certificate
Rs. 20/- per request form.


Comparison of Additional Statement Charges and Account Closing Charges

Depository
Additional Statements Charges
Account Closing Charges
SBI
Demat Account
By courier: Rs. 30/-,
By email: NIL
NIL
HDFC
Demat Account
Rs. 25/- (inland)
Rs. 500/- foreign
?
CITIBank
Demat Account
?
?
Sharekhan
Demat Account
Rs.10/- upto 10 pages. For every extra page, Rs.3/-
Rs. 100/-
ICICI
Demat Account
Rs. 20/-
NIL

Nov 9, 2008

15 comments:

n_mohan February 22, 2009 at 7:37 PM  

Very nice work. Thanks a lot

Ramesh June 11, 2009 at 5:07 PM  

Thanks, now I had an idea about all the demat accounts provided by banks. Thats also better to show the other demats like indiabulls and emkay like that.

Abishek June 12, 2009 at 12:09 PM  

Hi

I am a little confused. You say here for HDFC Securities "BUY" is NIL(under charges sections) but I see in another area you have put 0.50% for 'BUY'.

Can you clarify me on this

Thanks
Abishek

mohit June 16, 2009 at 7:04 PM  

That a wrong chart..Icici charges .96% on buying & selling of equities.
Others also must be charging, they are not there for ur service they are there to earn money...so all these DP charge from .5 to 1% on each transaction.

Anonymous June 17, 2009 at 12:05 PM  

I want to know all hidden charges taken by icici /demat a/c. before opening demat account in icici
suman

Manjunath S Gali July 15, 2009 at 2:35 PM  

I got confused after reading thesecomments, i dont know whom
to believe & whom not to believe.

Plz anybody tell me right one...?

zafar August 10, 2009 at 1:51 PM  

Dear Friends,
This is for u all people out there who feel confused about the charges. We should better learn some facts in order to help ourselves.
Firstly, nothing comes free in this world and they are broking institutions, so they will charge in any condition.
Secondaly, charges are subject to change so it never remains the same. For example, i spoke with Reliance money about opening a demat account and i was told that the account opening charge was 1000 Rs. Then i got in touch with Sharekhan and the charges were 750 Rs. Same applied to Bonanza and other broking firms. So it is better to visit any government bank like SBI or Union Bank in order to open a demat account. However, if u also need an online account then the best firm is MOTILAL OSWAL or SMC for the same. They charge a bit more than other firms but then they also provide quality services to the clients.
Lastly, a piece of advice for u all friends. Do what ur heart and mind says. If u keep on listening to others, it will just make the matters worse. Regards, Zafar Iqbal

Anonymous March 3, 2010 at 10:34 PM  

Bonanza Portfolio is giving an exciting offer- AMC and DP charges are free for lifetime. Account opening charges are Rs 800.please contact Husain 9742345062 (bangalore)

Anonymous April 8, 2010 at 2:22 PM  

Angel group has emerged as one of the top stock broking houses in India, having memberships on BSE, NSE and the two leading commodity exchanges in the country i.e. NCDEX and MCX. Angel Broking Ltd is also registered as a depository participant with CDSL. It is the only 100% retail stock broking house offering a gamut of retail centric services like Research, Investment Advisory, and Wealth Management Services, E-Broking & Commodities to individual investor.

cont-9941969729 shiva(chennai)

sharan July 7, 2010 at 5:55 PM  

hi...
I dont have account in ICICI Bank. But i need to open Demat Account. Is it Possible... There is no charges for opening an account.? I heard 5000 shld maintain

BrainWork July 27, 2010 at 12:13 PM  

Very useful information . Please add other agencies also.
Ramesh Karmarkar, Pune.

sada July 28, 2010 at 3:59 PM  

Hi frenz,
As a Franchise holder I am ready to provide you free online demat n trading A/c with less brokerage compared to others. Have u guts to do trading in F & O's, Call me on 9985844466

raj August 18, 2010 at 9:41 PM  

Angel group has emerged as one of the top stock broking houses in India, having memberships on BSE, NSE and the two leading commodity exchanges in the country i.e. NCDEX and MCX. Angel Broking Ltd is also registered as a depository participant with CDSL. It is the only 100% retail stock broking house offering a gamut of retail centric services like Research, Investment Advisory, and Wealth Management Services, E-Broking & Commodities to individual investor.


CONTECT:- RIPAL SHROFF (as R.E)9327371041 (SURAT)

naresh November 12, 2010 at 12:54 PM  

Dear Sir,
I am a little confused. You say here for HDFC Securities "BUY" is NIL(under charges sections) but I see in another area you have put 0.50% for 'BUY'
Sir, pls. give me reply.
Thanks
Naresh Kumar

KP November 23, 2010 at 9:16 AM  

ICICI is cheat....they have started chargin 1.5% on BUY and sometimes 0.77% for retail investor. I am moving to another banker

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