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 out 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 IDBI Bank application form.
• Attaching the necessary documents for identity and address proof.
• The 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 customer's account savings account.

The IDBI online Demat account has the following features:

• Easy and fast trading account for equities and derivatives.
• A 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 a 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 

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