SBI Demat Account Charges

I have a SBI Demat Account and I am pretty happy with their service. I had earlier written about it in my post on Demat Accounts. In this post I will list all the charges (see below).

1. Account Opening Charges : NIL !
   
2. Account Maintenance Charges : Rs. 400/- (Rs. 350/- for customers receiving statements by email) per year.
   
3. Dematerialisation : Rs. 35/- for each request form, additional Rs. 2/- for each certificate.
4. Rematerialisation : Rs. 25/- for each request form.
5. Closure of Account : NIL !
6. Additional Account Statements : by courier - Rs. 30/- , by email - NIL !
7. Buying equities: - NIL !
8. Selling equities: NIL ! if you sell through SBICAP Securities, or eztrade.co.in. If you give instructions to branches to sell, then 0.03% of the transaction value (minimum Rs.30/-).
   

Let me elaborate on point 7 and 8. If you perform any transactions through SBICAP Securities, then you are not charged any additional fee (other than brokerage charged by SBICAP) for buying/selling transactions.

Related posts :

• Demat Account : Think Beyond Savings Account
• Demat + Trading Account
• Review of SBICAP Securities
  

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