Axis online trading account charges


The account holder needs to raise the balance when it falls below a certain amount prescribed by the DP. Archived from the original on The depository system reduces risks involved in holding physical certificates, e.

Axis online trading account charges DP may revise the charges by giving 30 days notice in advance. After the introduction of the depository system by the Depository Act ofthe process for sales, purchases and transfers of shares became significantly easier and most of the risks associated with paper certificates were mitigated. Some DPs charge only for debiting the securities, while others charge for both.

Finally, once choosing a DP, it would be prudent to keep all accounts with that DP, so that tracking of capital gains liability is easier. Converting physical records of investments into electronic records is called "dematerialising" of securities. The fee is also refundable. Archived from the original on A DP is typically a financial organization like a bank, broker, financial institution, or custodian acting as an agent of the depository to make its services available to the investors.

In addition to the other fees, the DP also charges a fee for converting the shares from the physical to the electronic form or vice versa. It helps avoid bad delivery problems due to signature differences, etc. However, SBI has charged only the variable fee, as Rs 3 per certificate. Some DPs charge only for debiting the securities, while others charge for both. Converting physical records of investments into electronic records is called "dematerialising" of axis online trading account charges.

Benefit to the investor: Demat account holders are generally required to pay the DP an advance fee for each account that will be adjusted against the various service charges. Archived from the axis online trading account charges on This is also known as folio maintenance charges, and is generally levied in advance. Securities finance Stock market Financial services in India.