Canara Bank Demat Account

Sir I want to open Demat Account in the Canara Bank so please can you give me name of the documents required to open Demat Account and charges of opening the account and also tell me what the advantages are of this Demat Account?

Here is the list of documents required for opening Demat account at Canara Bank:

Application form, Tariff Sheet, DP agreement, duly signed, Pass port size photo of self and of nominee, PAN Card (compulsory)- original to be produced for verification. Xerox of any of the following:
Bank Pass Book
Ration Card
Pass Port
Voter ID card
Driving Licence
Cancelled cheque leaf (proof of bank account details)

Charges:
1. Account opening charges - NIL
2. Annual account maintenance charges – Rs.200/- + service tax
3. Demat Charges – Rs.2/- per certificate (Minimum Rs.10/-) and courier charges Rs.25/- extra
4. Transaction Charges:
Purchase – NIL
Sale** - 0.020% - Min. Rs.20/-; Max. Rs.500/-

5. Pledge Charges:
Creation / Confirmation: Rs.50/- per ISIN
Closure / Invocation: Rs.25/- per ISIN

Advantage of the Demat Account:
You can keep your Shares in electronic form, you don’t need to remember record dates of several companies, immediate transfer of securities, No stamp duty on transfer of securities, Risk of bad delivery, fake securities will stay away from you, it reduces transaction cost etc.

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Answered By StudyChaCha Member

hi i want to open a demat account n need help in it

[QUOTE=afreenhashmi;67663]Sir I want to open Demat Account in the Canara Bank so please can you give me name of the documents required to open Demat Account and charges of opening the account and also tell me what the advantages are of this Demat Account? ALSO TELL ME THE BROCKERAGE CHARGES FOR EQUITTY CASH INTRADAY AND DELIVERY