According to the NSDL terminology, the IDBI demand account charges are:
- Free account opening.
- Maintenance of account Rs 350 per annum. Non-IDBI accounts Rs 500 per annum.
- Free quarterly statements.
- Free fortnight statements.
- Free monthly statements by emails.
- Rs 25 for each statement request at the branch.
- Rs 500 for each international post of statements.
- Dematerialization of equity instrument 0.2% of face value, Rs 35 postage charge per request.
- Dematerializations of debt instrument Rs 2 per certificate, Rs 35 postage charge per request.
- Rematerializations of securities Rs 20 of every 100 securities.
- Free transactions of equity and debt purchasing.
- 0.04% of debt and equity selling transactions, Rs 30 per transaction.
- Free purchase of inter-depository transfer.
- 0.04% of selling of inter-depository transfer.
- Pledging creation and closure charge Rs 0.05% of market value.
- Service tax 12.24% of charges for depository services.
According to the CSDL terminology, the IDBI demand account charges are:
- Free account opening.
- No custody charges.
- Account maintenance for IDBI account holders Rs 350 per annum.
- Account maintenance for on IDBI account holders Rs 500 per annum.
- Free quarterly statements.
- Free fortnightly statements.
- Free monthly statements.
- Rs 25 for each statement request at the branch.
- Rs 500 each for the international post of requested statement.
- Dematerializations of equity and debt instruments 0.2% face value, Rs 35 per request, Rs 2 per certificate.
- Rematerializations of securities 0.04% market value, Rs 20 per certificate.
- Free buying transactions of equity and debt.
- Debt and equity selling transactions 0.04% of the market value, Rs 30 per transaction.
- Pledging charges 0.05% for creation and closure, 0.15% for invocation, of the total market value.
This is an over view of IDBI demand account charges. For details customer may visit the site idbi.com.