What are the charges that are imposed by banks to open a DMAT acc.?...do a unused DMAT acc. charged?

The charges vary from bank to bank. It can be from 500 Rs to 2000. The best thing would be to contact the bank for more info. Reliance nowadays is offering free demat accounts.|||There is no charges to open a DEMAT a/c in banks like ICICI


bank , HDFC bank,. ......etc, but required you have savings account with them.


To open Demat a/c : Free


Annual Charges : Rs.500/-





Unused demat a/c will also charge.


If dont want annual charges, u can open account with Stock brokers like India infoline, Networh. There no annual charges. Just pay charges for Transactions.


If want first u directly contact with them.





ICICI BANK:


http://www.icicibank.com/pfsuser/demat/demathome.htm#





HDFC BANK :


http://www.hdfcbank.com/personal/accounts/depository_fees.htm


http://www.hdfcbank.com/personal/accounts/depository_services.htm|||Demat account is for free. There is no charge for it. But all brokerage houses have trading account (through which you place order) which is chargeable by brokerage firms.


The fee is different for different firms. Few are listed below.


ICICIDirect =%26gt; 700


IndiaBulls =%26gt; 1000


Sharekhan =%26gt; 200


5paisa =%26gt; 500


This may not be updated one. Check with the resp firms for exact figures.


Apart from the opening charges, brokerage is also applicable on each transaction you do.|||you have to pay opening fees ranging from rs 250 to rs 700 depending upon the dmat provider.


After that u pay annual maintence charges. these are normally rs 200 to rs 250 depending on the service provider. the charges are the same for people who use the account or for those keep the account with zero balance of shares.|||Reliance is offering free DMAT acoount for IT professional... Also it varies from bank to bank... They is no charged for an unused DMAT account. Charges will be only applicable when u will start dealing with shares.