south indian bankSouth Indian Bank Demat Account Charges 2024

South Indian Bank Demat Account Charges 2024

Account Name

3-in-ONE Trading Account

Account Opening Charges

Nil

Account Closing Charges

Nil

Account Maintenance Charges

Rs.200 plus service tax for all BOs. For Corporate accounts Rs.1000 plus service tax

Demat Charges

Rs.75/- plus service tax as minimum upto 2 certificates and additional Rs.10 for every other certificate.

Remat Charges

Rs.100 per request

Debit Taxation

Rs.25 plus service tax

Rejected Taxation

Please contact nearest branch

Others

South Indian Bank Ltd. offers the following facilities in a Demat Account:

  • Dematerialisation, i.e getting physical securities converted into electronic form.
  • Rematerialisation i.e getting electronic securities available in BO Account converted back to physical form.
  • Maintain record of holdings in the electronic form.
  • Settlement of trades by delivering/receiving securities from /in BO Accounts.
  • Settlement of Off-market trades i.e transactions between BOs entered outside the Stock Exchange.
  • Receiving electronic credit in respect of securities alloted by issuers under IPO, bonus and rights shares etc.
  • Destatementisation of mutual funds