Open Demat Account in SBI - 2017-2018 StudyChaCha

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  #1  
Old March 18th, 2017, 01:07 PM
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Default Open Demat Account in SBI

My father wants to open Demat Account in State Bank of India (SBI). He wants to know about advantages of Demat Account, so someone is here who will give list of all advantages of Demat Account in State Bank of India (SBI)?
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  #2  
Old March 18th, 2017, 01:41 PM
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Default Re: Open Demat Account in SBI

As you want to know about advantages of Demat Account of State Bank of India, so here I am providing following advantages:

Advantages of Demat Account of State Bank of India

Account Maintenance & Safe custody:
Dematerialization
Rematerialization
Account Transfers
Pledge/Hypothecation
Initial Public offer
Disbursement of corporate benefits
Security Lending

Demat account with SBI provides you the following benefits:
Customer Care: You can now call our dedicated Customer Care 24X7 and rest assured that all your queries are taken care of.

Transact Anywhere: Now operate your Demat account from any of the 1000 plus Demat enabled branches of SBI.

Statements by e-mail: Receive your account statement and bill by email.

Demat Services Online Facility: This convenient and paper free facility lets you operate from the comfort of your home or office through SBI Internet Banking Facility

Online Demat Statements: You can now view your Demat account details, statement of holdings, statement of transactions and statement of billing online.

Order Delivery Instruction Booklet online: No queues at branches anymore as you can now order your Delivery Instructions Booklet online and the same would be delivered at your doorsteps.

Check ISINs, Settlement Calendar and Status of Requests online

eZ - Instructions: You can transfer or pledge/unpledge securities online anyplace, anytime.

Mobile Alerts: Receive SMS alerts for all debits/credits as well as for any request which cannot be processed.

Service Charges for Demat Account
CHARGE HEAD STANDARD CHARGES
A/c Opening Nil
Annual Maintenance Charges Rs. 400/- (Rs 350/- for customers
receiving statements by e-mail )
Agreement Stamp Paper Rs. 100/- (for Agreement between DP
and BO) or Rs. 200/- (if POA for eZ-instructions is also signed)
Buy - Market and Off-Market
Sell - Market and Off-Market (% of transaction value of each ISIN)
For trade done on Nil
For instruction submitted through Internet (eZ-instructions) 0.03% (Min. Rs. 10/-)(For Institutional Demat A/c Max. Rs 1000/-)
For instruction submitted through Branches 0.03% (Min. Rs. 30/- )(For Institutional
Demat A/c Max. Rs 1000/-)
Rejection/fails Rs. 10 /-
Extra charges for processing of instructions submitted on the execution date late (accepted at Client's risk)
For instruction submitted through Internet (eZ-instructions) Nil
For instruction submitted through Branches Rs. 10/- per ISIN
Dematerialisation
For each request form Rs. 35/-
Extra for each certificate Rs. 2/-
Rematerialisation (For each request form) Rs. 25/-
Closure of Account Nil
Pledge Creation/Closure/Confirmation/ Invocation (% of value for each ISIN in each request)
If SBI is the counter party 0.02% (Min. Rs. 15/-)
If SBI is not the counter party 0.04% (Min. Rs. 30/-)
Additional Account Statements
By Courier Rs. 30/-
By Mail Nil

Contact for Demat Account
Customer Care Address:
SBI DEMAT Centralized Processing Cell
CMC House, C-18, Bandra- Kurla Complex
Bandra (East),Mumbai 400 051.
ISD CODE: 91-22
Tollfree No: 1800 2099 080
Fax - General: 6681 3381
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