Karnataka Bank Demat Account

What are the Prerequisites of opening a Demat Account at Karnataka Bank? Also tell about the tarrif for the Demat services ?

[Shaleen]

Prerequisites of opening a Demat Account:

Proof of his/her identity
Photograph
Proof of address.
An agreement with the DP in the prescribed format is to be executed by paying requisite stamp duty.

Charges/Tariff for Demat Services:

Particular:
A/c’s of Individuals:
A/c’s of Corporates :

Annual Charges
Rs.250/-
Rs.800/-

Dematerialization
Rs.2/- per certificate min of Rs.10/- plus postage charges.
Rs.2/- per certificate min of Rs.10/- plus postage charges.

Rematerialisation
Rs.25/- per certificate plus postage
Rs.25/- per certificate plus postage

Pledge/Unpledge/ invocation
Rs.50/- per ISIN
Rs.50/- per ISIN

Transaction: Per Debit Transaction
Rs.20/-
Rs.20/-

Delivery Instruction Book
Rs. 1 per leaf
Rs.1 per leaf

Cheque Return Charges (for Non Customer)
Rs.25 per cheque/per incidence of return
Rs.25 per cheque/per incidence of return

Statement Charges
One monthly statement free. Additional statement @ Rs5/- per page
One monthly statement free. Additional statement @ Rs.5/- per page