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AXIS Bank Online Demat Account

The Axis bank online demat account avails certain facilities for it’s the users. Following are the facilities provided by bank authorities:

  • Easy transfer of shares and settlements. Receiving the customers instruction slip the transaction will take place. For purchasing the securities a receipt instruction slip is required from the customer.
  • Security entitlements are fast credited to the customers account.
  • Quick and easy dematerializations.
  • Also available options for rematerializations.
  • Pledge hypothecation facility available much faster than physical shares.
  • Systems of freezing and unfreezing the account so that no debits can be made during that period.
  • Enquiry of balance available.
  • Availability of demat account statements.
  • Availability of transaction details.
  • Overdue and holding details by emails.
  • Facility for rejection of details by emails.

In order to make an Axis bank online demat account the customer will have to:

  • Collect the proper form and duly fill it.
  • A DP client agreement signed by the joint holders on a stamp pare of Rs 100.
  • Photocopy of pan card as identity proof.
  • Photocopies of passport, driving license, voter’s ID card as address proof.

The applicable charges of the Axis bank online demat account are:

  • No account opening charges.
  • No account closure charges.
  • Rs 500 standard charges per year for maintenance of the account.
  • Rs 2500 maintenance charges for those who have no account to debit.
  • Demat charges Rs 5 per certificate and minimum Rs 50 per request.
  • Remat charges Rs 20 for every 100 securities.
  • Pledge creation Rs 25 per instruction at the rate of 0.04% of the total value.