andhrabank.in AB Demat Account : Andhra Bank
Organization : Andhra Bank
Service Name : AB Demat Account
Applicable State/UT: All India
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AB Demat Account : http://andhrabank.in/English/RetailDmat.aspx
Website : http://www.andhrabank.in/English/Home.aspx
AB Demat Account :
** Andhra Bank now offers you the power of the value-added, service-oriented Demat account-AB Demat.
** Andhra Bank is Depository participant of Central Depository Services Ltd (CDSL).
Related : Andhra Bank Mutual Funds : www.statusin.in/20803.html
** DP ID No- 13040800 and National Securities Depository Services Ltd (NSDL)- DP ID No. IN303204 To cater to your individual needs as diverse as your portfolio, AB Demat will empower you with hassle-free, fast and accurate electronic transactions.
Who can open AB Demat Account ?
An individual, Non-Resident Indian, Foreign Institutional Investor, Foreign National, Corporate, Trusts, Clearing Houses, Financial Institution, Clearing Member, Mutual Funds, Banks.
Procedure for Opening AB Demat Account :
** You just have to fill up an Account Opening Form, submit a photograph of the applicant along with copiesd of address proof i.e. a photocopy of driving license / Election ID Card / passport/Voter Card/Electricity bill( recent) or Telephone bill(land line, not older than 2 months) and Your Bank account statement/Pass Book copy.
** Your Demat account number will be intimated to you immediately on the completion of processing of your application.
** PAN Card Compulsory as sole identity proof as per SEBI guidelines.
** Besides, you also get additional benefits designed for your convenience.
** You will receive Transaction Statements and all other additional statements from time to time.
** Nomination facility, Freezing / Defreezing facility is also available.
Demat Activity include:
** Opening and maintaining of Demat Accounts
** Dematerialization
** Rematerialisation
** Purchases
** Sales
** Pledging and unpledging
** Safe custody
Schedule of Charges for opening Demat a/c (Individuals and Corporates) :
| Sl No | Tariff Particulars | Revised |
| 1. | Agreement charges / Stamp duty | Actuals as applicable from state to state as per stamp Duty act. In AP Rs.100/- |
| 2. | Account opening/closure | Nil |
| 3. | Annual Membership charges | For Customers: Rs. 300/- (upfront) For Corporates: Rs.750/- |
| 4. | Demat Charges | Rs 2/- per certificate+mailing charges Rs. 20/- in India and Rs. 500/- for foreign address |
| 5. | Remat Charges | a) a fee of Rs.15 for every hundred securities or part thereof subject to maximum fee of Rs. 5,00,000; or b) a flat fee of Rs.15 per certificate, Whichever is higher. However, no fee shall be collected in case of Government securities where rematerilization is used for transfer to other SGL Participant account and units of UTI and other Mutual Funds where rematerilization is used for redemption/repurchase. |
| 6. | Transaction Fee Market Purchase/ Off Market Purchase Market Sale/ Off Market Sale |
Nil
0.04% of market value (per transaction)(minimum of Rs.20/-) |
| 7. | Pledge: Creation/ Confirmation/ Closure/ Invocation | Rs. 50 /- per instruction |
| 8. | Holding statement |
Account holders will be provided holding statement free every quarter. If there is a transaction in the account, holding statement will be provided free every month. Any additional statement will be charged Rs.10/- per statement |
The above charges attract service tax as applicable from time to time.
For Staff – No Annual Membership charges.( Other charges as applicable to all with Rs. 100/- towards stamp duty)..
Now we are glad to inform you that :
To empower you under CDSL system, AB Demat Services is providing ‘Easi’ and ‘Easiest’ facility.
This is an internet enabled facility which empowers you in managing your securities ‘Any time-Any where’.
I opened a demat account 4 years back and I have lost the number of demat account. I can not use this account now. I have a amount of Rs.3000 in my account. Is there any facility to find the account number of demat online? Please help me.