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IDBI Online Demat Account

IDBI online Demat account is available for all those who want to take part in the stock market of the country. The process requires a filling of the application form and signing the agreement on a Rs 100 stamp paper. According to the NSDL terminology the Demat account has certain types like,

  1. Individuals – For residents ordinary and HUFs and for NRIs – repatriable and non-repatriable.
  2. Corporate – Cooperatives, domestic companies, NBFC’s, OCB’s, trusts and government companies.

The methods of opening the IDBI online Demat account are:

  • Filling and submission of the application form.
  • Attaching the necessary documents for identity and address proof.
  • A signing of the agreement on a Rs 100 stamp paper.
  • Billing details provided by the bank authorities where the customer has his/her account.
  • Photograph of the customer pasted and over signed by him/her.
  • Nomination form if required.
  • Standing instructions to debit charges to the customers account savings account.

The IDBI online Demat account has the following features:

  • Easy and fast trading account for equities and derivatives.
  • Precise learning curve helps in the quick start.
  • Very easily useable features.
  • Evaluation and purchasing of mutual funds checking the fund rankings through the performance map.
  • The short and simple process of applying for IPOs.
  • Integration of trading, banking, and Demat accounting. Enables the use of single integrated 3 in 1 account.
  • The bank avails trading in both BSE and NSE.
  • Free of bill payments facility comes for the customers.
  • Lower Account Maintenance Charges
  • Free Quarterly holding & monthly transaction statements
  • The Internet, Phone & SMS Banking
  • IDeAS and SPEED- e facility available to view and transfer your securities online

IDBI Demat Tariff Rate 

Activity

Applicable Rate

Demat

Flat Rs.5 per certificates

Demat Mail

Rs.40 per transaction

Remat

Rs. 20 for every hundred securities or part thereof

Market Sell

0.04% of the value of the scrip

Off-market Sell

0.04% of the value of the scrip

Pledge Create*

0.02% of the value of the scrip

Pledge Close*

0.02% of the value of the scrip

Pledge Invoke

0.15% of the value of the scrip

A/c Freezing/Defreezing

100

Inter Depository Sell

0.04% of the value of the scrip

AMC (IDBI-SB Customers)

Rs. 450/- p.a ( Rs. 400/- for customers receiving statements by e-mail) Senior citizens  Rs. 350/- p.a

AMC (NON IDBI-SB Customers)

Rs 2500

For further assistance, contact your Relationship Manager at the nearest branch or E-mail at dematcomplaints@idbi.co.in 

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