IDBI Bank Demat and Trading Account

Hello. I am science student and do not have much knowledge about IDBI Bank Demat and Trading Account so can you tell me who are eligible for the account and tell me about the documents to be submitted along with the application form?

[Pathak]

IDBI Bank offers the facility to open Savings bank Account, Demat Account and Trading Account together.

How to open an account:
To open an account you should open an internet enabled savings account with IDBI Bank, if you currently do not have one. You will need to submit a cheque leaf of the account for our records.

Account opening form to be duly completed in all respects and submitted.
The trading account holder should be the primary holder of the demat account and the savings account.

Along with this the following documents are required:
PAN Card
Proof of Identity
Proof of Correspondence Address
Tariff sheet duly signed by all the account holders

Hii Buddy , I want to open Demat and Trading Account in IDBI Bank for it Will you please tell me Benefits of this Account with IDBI Bank ?

[Quick Sam]

Friend as you said you want to know Benefits of Demat and Trading Account with IDBI Bank , Here I am providing information for same :

IDBI Bank Demat and Trading Account Benefits :

• Lowest fees
• Statement by emails
• Demat access through Internet, cell and phone
• Portfolio valuation on the account statements
• Online execution of transactions at branches
• Special rates for stock market intermediaries and sub brokers
• Transactions update from back-office four times a day
• Trade without any hassles of writing transfer instruction / cheques
• Can place orders from anywhere any time using phone or Internet
• Online Share Quotes available
• Multiple Product offering
• Speedy and Secure Trading
• Best of research & market news to help to take informed investment decisions
• Can open all 3 accounts a single account opening form



Demat Account - Tariff Charges :



Demat
Flat Rs.5 per certificates

Demat Mail
Rs.40 per transaction

Remat
20 per certificates

Market Sell
0.04% of the value of the scrip [Min.Rs.30/-]

Off-market Sell
0.04% of the value of the scrip[Min.Rs.30/-]

Pledge – Create*
0.02% of the value of the scrip[Min.Rs.25/-]

Pledge – Close*
0.02% of the value of the scrip[Min.Rs.25/-]

Pledge – Invoke
0.15% of the value of the scrip[Min.Rs.25/-]

A/c Freezing/Defreezing
100

Inter Depository Sell
0.04% of the value of the scrip[Min.Rs.30/-]

AMC (IDBI-SB Customers)
Rs 350

AMC (NON IDBI-SB Customers)
Rs 2500

Service Tax
0.103

Statement dispatch (On request) for NRIs
Rs 900