Charges levied on a demat account
Before going to DP for opening a Demat account,We should know what all type of charges are levied for opening the account.Here I listed them.
Different types of Demat Account Charges:
There are 3 major charges charged on a demat account: >
1. Account Opening fee :> There may or may not be an opening account fee, depends on your DP.
2. Annual maintenance fee :> Charged in advance, for maintaining your portfolio.
3. Transaction fee :> Charged for crediting/debiting securities to and from the account on a monthly basis.
Do not confuse Demat account charges with brokerage charges.
Demat account charges are levied to your DP and Brokerage charges are paid to your Broker, in case if your DP and broker are 2 different entities.
There are also other type of charges levied on a demat account like Dematerialization, Rematerialization, Pledge Services, off market transfers, STT charges and they may or may not be applicable and varies from DP to DP.
Different types of Demat Account Charges:
There are 3 major charges charged on a demat account: >
1. Account Opening fee :> There may or may not be an opening account fee, depends on your DP.
2. Annual maintenance fee :> Charged in advance, for maintaining your portfolio.
3. Transaction fee :> Charged for crediting/debiting securities to and from the account on a monthly basis.
Do not confuse Demat account charges with brokerage charges.
Demat account charges are levied to your DP and Brokerage charges are paid to your Broker, in case if your DP and broker are 2 different entities.
There are also other type of charges levied on a demat account like Dematerialization, Rematerialization, Pledge Services, off market transfers, STT charges and they may or may not be applicable and varies from DP to DP.
