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AxisDirect Demat Account Charges, Review, Opening


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Axis Bank, India's 3rd 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 4rd largest 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.

ServiceCharges
Demat Account Opening FeeRs 0
Demat Account Annual Charges (AMC)Rs 650

AxisDirect Demat Charges

AxisDirect trading and demat account opening charges are Rs 200. AxisDirect charges Rs 650 demat account AMC. AxisDirect demat debit transaction charge of 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

Nil

2 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 year 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 clients + CDSL AMC of Rs 500
    • Rs 600 for non-Axis Bank clients+ CDSL AMC of Rs 500
3 Transaction Charges (Buy) [.]
4 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.
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 Chareges
  • 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. 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.

     

Zerodha (Trade with the best stock broker)

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.

Information on this page was last updated on Friday, April 24, 2020

Zerodha (Trade with the best stock broker)

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.


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