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AxisDirect Demat Account Charges, Review, Opening


-33.06% 282,351 Clients

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 charge Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.

ServiceCharges
Demat Account Opening Fee₹0
Demat Account Annual Charges (AMC)₹650

AxisDirect Demat Account Charges

Axis Depository Service Charges for Resident Retail Customers

DESCRIPTION OF CHARGES

REGULAR ACCOUNT

BASIC SERVICES DEMAT ACCOUNT (BSDA)

Account Opening Charges

Nil

Nil

Account Closing Charges

Nil

Nil

Annual Maintenance Charges (AMC)

For Axis Bank Customers:

  • First Year - No AMC
  • Second Year onwards: ₹ 750/-

Depending upon holding value-

  • Upto ₹50,000/- :- NIL
  • From ₹50,001 to ₹200,000 :- ₹100/-
  • Above ₹200,000:- Tariff for regular accounts will be applicable
 
 

For Other Bank Customers:

₹2,500/- p.a

 

Demat Charges

₹5/- per certificate or ₹50/- per request, whichever is higher.

Same account

₹5/- per certificate or ₹50/- per request, whichever is higher.

Remat Charges

₹20/- for every 100 securities or part thereof or ₹50/- per request, whichever is higher.

Same account

₹20/- for every 100 securities or part thereof or ₹50/- per request, whichever is higher.

Credit Transactions

NIL

NIL

Debit Transactions

0.04% of the value of the transaction or ₹25/- (per instruction) whichever higher.

0.06% of the value of the transaction or ₹50/- (per Instruction)whichever is higher.

Failed / Rejected Instruction

₹10/- per Instruction

₹10/- per Instruction

Ad-hoc Statement

₹100/- per Statement

₹100/- per Statemen

DIS Booklet Charge

NIL

₹200/- per Booklet from DIS re-issuance

Account Modification Charges

NIL

₹100/-

PLEDGE SERVICES

Creation / Closure

/ Invocation

0.04% of the value of the transaction or ₹50/- (per Instruction) whichever is

higher.

0.06% of the value of the transaction or ₹50/- (per Instruction) whichever is higher.

SPEED-e (Applicable for NSDL)

SPEED-e Annual Maintenance charges

NSDL Charges (at actual)

NSDL Charges (at actual)

Frequently Asked Questions

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Information on this page was last updated on Wednesday, January 29, 2020


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