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AxisDirect Demat Account Charges, Review, Opening

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Axis Bank, India's 3^rd largest private sector bank offers depository services (Demat Account) to retail customers in India. With over 11 lakh demat account (as of March 16), Axis Direct is 4^rdlargest provider of demat accounts after ICICI, HDFC and Sharekhan.

Some of the key features offered by Axis Demat Account include:

Easy online and offline access to securities you hold
Seamless transactions with 3-in-1 account
Easy to convert your physical holdings into electronic form
Easy online and offline transfers
Auto credit of dividends

Note: At Axis Bank, it's mandatory for a customer to have a saving account with Axis bank before opening Axis Bank Demat Account. The Demat account is linked with saving account.

AxisDirect Demat Account Opening Charges

To open a new Demat account with AxisDirect, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Service	Charges
Demat Account Opening Fee	Rs 0
Demat Account Annual Charges (AMC)	Rs 650

AxisDirect Demat Charges

AxisDirect trading and demat account opening charges are Rs 900. AxisDirect charges Rs 650 per year demat account AMC. AxisDirect demat debit transaction charge of Rs

Retail Account: 0.04% of the value of the transaction (Min Rs 25 per instruction) whichever is higher. Rs 25 flat per instruction for mutual fund units.

BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Rs 50 flat per instruction for mutual fund units.

Corporate Account: 0.04% subject to minimum of Rs 23 per instruction.

per debit transaction.

ID	Transaction	Charges
1	Demat Account Opening Charges	Rs 900
2	Transaction Charges (Buy)
3	Transaction Charges (Sell)	Retail Account: 0.04% of the value of the transaction (Min Rs 25 per instruction) whichever is higher. Rs 25 flat per instruction for mutual fund units. BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Rs 50 flat per instruction for mutual fund units. Corporate Account: 0.04% subject to minimum of Rs 23 per instruction.
4	Annual Maintenance Charges (AMC)	Retail Account: Axis Bank Customer: Rs 650 per year (1st year free). Rs 2500 for client who has not authorised bank to debit Demat ac charges from Bank ac maintained with Axis Bank. Non-Axis Bank Customer: Rs 250 per year (1st year free) BSDA Account: Nil for holding value till Rs 50,000 Rs 100 per yearÂ for holding value from Rs 50,001 to Rs 2,00,000 Holding value above Rs 2,00,000 tariff for Retail account will be applicable. Corporate Account: Rs 400 for Axis Bank clientsÂ + CDSL AMC of Rs 500 Rs 600 for non-Axis Bank clients+ CDSL AMC of Rs 500
5	Demat + Courier charges	Retail / BSDA Account: Rs 5 per certificate subject to minimum of Rs 50 per request, whichever is higher. Rs 50 per request as courier charges for mutual fund Units. Corporate Account: Rs 2.50 per certificate subject to a minimum of the Rs 50 per request.
6	Remat	Retail / BSDA Account: Rs 20 for every 100 securities or part thereof or Rs 50 per request whichever is higher. Rs 50 per instruction for mutual fund Units. Corporate Account: Rs 20 per certificate subject to minimum of Rs 50 per request
7	Pledge Creation	Retail Account: 0.04% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Corporate Account: Flat Rs 50 per request.
8	Pledge Creation Confirmation	Nil
9	Pledge Invocation	Retail Account: 0.04% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Corporate Account: Flat Rs 50 per request.
10	Failed Transactions	Rs 10 per Instruction
11	Other Charges	Ad-hoc Statement - Rs 100 per statement Quarterly (Physical) statement Retail Account - Nil BSDA Account - Rs 25 per statement Account Modification Charges Retail Account - Nil BSDA Account - Rs 100 DIS Booklet Charge Retail Account - NIL BSDA Account - Rs 200 per booklet Redemption of mutual fund units through DP - Rs 25 per instruction

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Frequently Asked Questions

1. How to close Axis Direct Demat account online?

Axis Direct Demat account can be closed online only when there are no holding or outstanding dues in your account.

You need to send a mail to dphelp@axisdirect.in mentioning all your account details like Client ID, PAN No. and the reason for closing your account.

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Information on this page was last updated on Thursday, November 23, 2023

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.