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