What are the bank charges to open a PIS account?

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The PIS account opening charges vary from bank to bank. These are one-time charges required to be paid at the time of opening an account. Once the account is opened, you are required to pay annual maintenance fees (AMC) as charges towards maintaining the account. Apart from this, you also need to pay a fee for every buy and sell transaction executed through the PIS account.

PIS Charges List by Bank

Bank Name	PIS Account Opening Charges	AMC Charges	Other Charges
SBI Cap Securities	Rs 750/	NIL (for 1^st year) Rs 1,000 from 2^nd year)
HDFC Securities	Rs 1,000	Rs 1,000	Rs 100 per trade
ICICI Securities		NIL (for 1^st year) Rs 2,500 (from 2^nd year)	Rs 50 per contract
Axis Bank	Rs 1,000	Rs 1,500	Rs 150 per trade
Kotak Securities	Rs 1,500	Rs 1,000	Rs 100 per contract

What are the bank charges to open a PIS account?

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