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Customised Fee Schedule for Depository Services - NSDL |
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| S. No. |
Fee Head |
Fees |
Minimum |
| 1 |
Account Opening |
NIL |
-- |
| 2 |
Dematerializations |
Rs. 3 per certificate, plus Rs. 35/- per request |
Rs. 38.00 |
| 3 |
Rematerialisation |
At actuals, as levied by the Depository Currently Rs. 10/- per certificate |
-- |
| 4 |
Equity Transaction - Sell |
0.04 % of the value of the transaction |
** Minimum Rs.20.00 |
| 5 |
Equity Transaction - Buy |
NIL |
-- |
| 6 |
Folio Maintenance |
Rs. 500.00 per demat account per annum |
Rs. 500.00 |
| 7 |
Pledge Services * |
0.04% of the value of the shares |
Rs. 25.00 |
| 8 |
Asset Holding |
NIL |
-- |
| 9 |
Debt Transactions - Sell |
0.04 % of the value of the transaction. Minimum Rs 500/- and Maximum Rs 5000/- per Txn |
Rs. 500.00 per txn. |
| 10 |
Debt Transactions - Buy |
NIL |
-- |
| 11 |
Mailing Charges for non periodic statements and other communication |
Rs. 25/- per request for inland address Rs. 500/- per request for foreign address |
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** For accounts opened under Standard Tariff
Conditions:
Two options for the recovery of the demat service charges
Option: 1
Customers who have a depository relationship only will be required to pay an advance fees of Rs. 2,500/- , for each demat account, which will be adjusted against service charges. The customer will also undertake to replenish the balances immediately when it falls below Rs. 1,000/-
Option 2
- Customers who have a banking relationship with HDFC Bank will provide a debit authorisation for the recovery of service charges.
Common Clauses
- The above charges are exclusive of Service tax which is currently @
12.36% and other levies levied by Government bodies / statutory authority
from time to time.
- Charges/ service standards are subject to revision at the Bank’s sole discretion and as informed by circulars sent by ordinary post
- Folio Maintenance Charges are non-refundable and are levied upfront for a period of one year at the beginning of the period.
- Value of the transaction will be in accordance with rates provided by Depository
- Transaction charges will be payable monthly. Charges quoted above are for the services listed. Any service not quoted above will be charged separately
- * Pledge services will include individually pledge creation request, , closure requisition, Pledge invocation receipt, Pledge invocation delivery favoring other counter parties only. For marking pledge in favor of HDFC Bank, fees will be 0.02% of the value of the shares subject to a minimum of Rs. 25 per transaction.
- Operating instructions for the joint accounts must be signed by all the holders.
- All instructions for transfer must be received at the designated branches of the Bank at least 24 hours before the execution date.
- For late instructions, the service standards and charges are as under:
| Instruction Receipt Date |
In Mumbai |
Non Mumbai |
Remarks |
| On the execution date |
0.25% on the value of the transaction, minimum of Rs. 25/- per instruction |
0.50% on the value of the transaction, minimum of Rs. 25/- per instruction |
Accepted only at client's risk |
| One day before the execution date |
NIL |
0.25% on the value of the transaction, minimum of Rs. 25/- per instruction |
Accepted only at client's risk for non-Mumbai |
- Please note that in case we are unable to recover the service charges due to non maintenance of adequate balances in the bank account / inadequate advance fees / invalid bank account, depository services for your account will be temporarily discontinued. Any request to resume the services will be charged Rs. 250.00 and the services will be resumed in a minimum of three working days from the date of receipt of request at CPU, Kamala Mills.
- For Tariff / Schedule of charges applicable to Corporate, Clearing member
Pool, Broker accounts you may contact nearest HDFC Bank branch offering
Depository services.
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Disclaimer:
Whatever have been stated above are in the good interest of the Investor / Demat Applicants / holders to provide a brief picture about the depository system. You are requested go through the guidelines of the depositories before taking any further action. For detailed guidelines, you are requested to approach your nearest HDFC Bank branch. HDFC Bank will not be responsible for any misunderstanding / act based on the above. Also HDFC Bank might ask for additional information / documentation than what has been stated above to process your application / instruction.
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