IDBI Capital is a Mumbai based stockbroking company. Incorporated in 1993, It has been in the stock brokerage and financial services business for more than 25 years. It offers stock and derivatives trading services at BSE and NSE. Besides it also offers Mutual Funds and Fixed Income products to its customers. The company offers its trading and other financial services through online, offline and call & trade facility.
Depository Services is a key offering by IDBI Capital. IDBI Capital is a depository participant with both national depositories-NSDL and CDSL. Through its membership, the company offers Demat Account opening and other depository related services to its customers. The Demat accounts are opened with NSDL or CDSL and IDBI only plays an intermediary role. Traders are charged per transaction by the depository and the brokerage company for various demat services.
IDBI Capital Demat Account
IDBI Capital is the depository participant (DP) of NSDL and CDSL, two national depositories in India. The company offers a 3-in-1 account (trading, demat and savings account) to its customers. All the accounts are linked together to facilitate easier and faster transactions.
IDBI Capital Securities DP Membership Info:
10 Reasons to Open Demat Account with IDBI Capital
To open a new demat account with IDBI Capital, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the IDBI Capital Demat Account Opening Charges and IDBI Capital AMC as below:
|1||Demat||Flat Rs 5 per certificates|
|2||Demat Mail||Rs 40 per transaction|
|3||Remat||20 per certificates|
|4||Market Sell||0.04% of the value of the scrip (Min Rs 30/-)|
|6||Pledge Creation||0.02% of the value of the scrip (Min Rs 25/-)|
|7||Pledge Closure||0.02% of the value of the scrip (Min Rs 25/-)|
|8||Pledge Invocation||0.15% of the value of the scrip (Min Rs 25/-)|
|9||A/c Freezing / Defreezing||Rs 100/-|
|10||Inter Depository Sell||0.04% of the value of the scrip (Min Rs 30/-)|
|11||AMC (IDBI-SB Customers)||Rs 350/-|
|12||AMC (NON IDBI-SB Customers)||Rs 2500/-|
|13||Service Tax||Rs 0.103|
|14||Statement dispatch (On request) for NRIs||Rs 900|
A 3-in-1 account can be opened by a resident individual (adult or minor) as well as non-individuals like Corporates, Partnership Firms, and other registered associations.
In India, NSDL and CDSL are two national depositories. The major role of the national depositories is to open and manage Demat accounts. They work like a bank managing the holdings of various securities in the Demat accounts.
IDBI Capital offers a 3-in-1 account where the trading, demat and savings account are linked to each other. This helps you in fast settlements and seamless transactions. You can link your IDBI/HDFC/Axis/ICICI Bank & also savings account maintained with the alliance banks of the company i.e. PNB, Vijaya Bank, OBC, Union Bank of India, Karur Vysya Bank & Lakshmi Vilas Bank with your trading account. However, to avail of a 3-in-1 account facility, you must hold a savings account with IDBI/HDFC/Axis/ICICI Bank.
Yes, IDBI Capital offers demat account facility for minors. For Minor Accounts, a legal guardian needs to be appointed. The legal guardian will manage the account until the minor attains the age of 18 years.
To change bank details or address in your trading and demat account, you need to'-
To nominate your wife or any person in your demat account, you need to take the following steps-
Submit the form to the nearest IDBI Capital branch or send it to the IDBI Capital's registered office address.
Information about IDBI Capital demat account, IDBI Capital demat account review, IDBI Capital demat account charges, IDBI Capital demat account opening, IDBI Capital dp charges, IDBI Capital demat charges, and IDBI Capital dp id.
No comments found. Be the first to post a comment.
Current IPOIPO Dashboard Current Mainline IPO Current SME IPO IPO Calendar Performance Tracker DRHP / RHP Docs
Live IPO InformationIPO Subscription IPO Listing Date IPO Allotment Status IPO Reviews IPO Rating Basis of Allotment
Stock Broker ComparisonCompare Share Brokers Side-by-Side Comparison List of Stock Brokers Broker Complaints Monitor Articles / Tutorials Glossary
Discount Brokers5paisa (Flat ₹10) Zerodha (Flat ₹20) ProStocks (Flat ₹15) Upstox RKSV (Flat ₹20) Trade Smart Online More Discount Brokers >>
Full-service BrokersICICI Direct Motilal Oswal Angel Broking Edelweiss Broking Aditya Birla Money More Full-service Brokers >>
More About BrokersSpecial Offers Broker Reports Top 10 Discount Brokers Top 10 Full-Service Brokers Top 20 Share Brokers
History of ChittorgarhHistory of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)