RAvi m (Student) (49 Points)
27 November 2012Can anyone please let me know about charges / cost involved for the purpose of dematerialisation of physical shares, which are generally charged or the range of charges ??
CA. Subhash Dangi
(Chartered Accountant)
(1784 Points)
Replied 27 November 2012
SEBI has rationalised the cost structure for dematerialisation by removing account opening charges, transaction charges (for credit or buy transactions of securities), custody charges and account closing charges. Custody charges are now paid by the issuer companies. Broadly, investors are required to pay the charges towards:-
| Sr. No. | Fee Head | Type | Fees | Minimum | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Account Opening | - | NIL (statutory charges would be recovered) | - | ||||||||||||||
| 2 | Dematerialization | Certificate + Request |
Rs.5/- per certificate + Rs. 35/- per request |
Rs.40/- (min) | ||||||||||||||
| 3 | Rematerialisation | Request |
Rs.30/- per request + NSDL Actuals |
- | ||||||||||||||
| 4 | Folio Maintenance # | Level 1 (upto 10 txns.) | Rs.750/- per annum | - | ||||||||||||||
| Level 2 (between 11 and 25 txns.) |
Rs.500/- per annum |
- | ||||||||||||||||
| Level 3 (greater than 25 txns.) | Rs.300/- per annum | - | ||||||||||||||||
| 5 | Pledge Services | If Pledge is marked in favour of HDFC Bank | 0.02% of the value of the txn. | Rs.25/- | ||||||||||||||
| If Pledge is marked to other than HDFC Bank | 0.04% of the value of the txn. | Rs.25/- | ||||||||||||||||
| 6 | Debt Transaction | Credit | Nil | - | ||||||||||||||
| Debit | 0.04% of the value of the txn. | Min. Rs.25/- (per txn.) Max. Rs.5,000/- (per txn.) | ||||||||||||||||
| 7 | Equity Transaction |
|
||||||||||||||||
| 8 | Mailing Charges for Non Periodic statements | Inland Address | Rs.35/- per request | - | ||||||||||||||
| Foreign Address | Rs.500/- per request | - | ||||||||||||||||
In case of non-recovery of service charges due to inadequate balance in your linked bank account or inadequate advance fees or invalid bank account, the Depository services for your account will be temporarily discontinued. Any request for resuming the services will be charged at Rs. 250/- per request and services will be resumed in a minimum of three working days from the date of receipt of request with us and payment of all dues.
Ujjwal Beriwal
(35 Points)
Replied 28 March 2018
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