IDBI Demat Account Opening Charges

Hello sir I want to open an DEMAT account in Industrial Development Bank of India so would you please tell me How to Open DEMAT Account in IDBI?

Industrial Development Bank of India is an Indian government-owned financial service company and it was founded in 1964.

IDBI online Demat account is who wants to take part in for stock market of the country. It requires Rs 100 stamp paper. According to the NSDL the demat account has following type,

Individuals – For residents ordinary and HUFs and for NRIs – repatriable and non repatriable.
Corporate – Co operatives, domestic companies, NBFC’s, OCB’s, trusts and government companies.

The methods for opening the IDBI online Demat account:

Filling and submission of the application form.
Attaching the necessary documents for identity and address proof.
Signing of the agreement on an Rs 100 stamp paper.
Billing details provided by the bank authorities where the customer has his/her account.
Photograph of the customer pasted and over signed by him/her.
Nomination form if required.
Standing instructions to debit charges to the customers account savings account.

Demat Tariff Rate:



Address:
Industrial Development Bank of India
Oasis Complex,Kamala city,
P.B. Marg, Lower Parel West,
Friends Colony, Hallow Pul, Kurla,
Mumbai, Maharashtra 400013

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Answered By StudyChaCha Member

I want to open an Demat Account at State Bank of India so would you please tell me How to Open Demat Account at SBI? Can you please give me process to open SBI Demat Account??

State Bank of India (SBI) is a government-owned corporation and it is an Indian multinational, Public Sector banking and financial services company which was founded in July 1, 1955.

A Demat account is opened by the investor while registering with an investment broker (or sub-broker).

The benefits of demat account:

Easy and convenient way to hold securities
Immediate transfer of securities
No stamp duty on transfer of securities
Safer than paper-shares (earlier risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc. are mostly eliminated)
Reduced paperwork for transfer of securities
Reduced transaction cost
No "odd lot" problem: even one share can be sold
Change in address recorded with a DP gets registered with all companies in which investor holds securities eliminating the need to correspond with each of them separately.
Transmission of securities is done by DP, eliminating the need for notifying companies.
Automatic credit into demat account for shares arising out of bonus/split, consolidation/merger, etc.
A single demat account can hold investments in both equity and debt instruments.
Traders can work from anywhere (e.g. even from home).

Here I am giving you process to open Demat Account at State Bank of India….

Firstly go to the official website of State Bank of India which looks like this image:



Now left side bottom of the home page you will see “Online Demat” option click on that option a new page will open which look like this image:




After that fill all require details and click on “Apply Online” option……

Documents Required For Demat Account

PAN (Compulsory)
Bank statement (last 3 months)
Address Proof
Income Tax Return
Two colour photos
Bank crossed Cheque (If required)
KYC details

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Answered By StudyChaCha Member

I want to open an demat account in State bank of India so would you please tell me how to open demat account in State bank of India?

State Bank of India is an Indian multinational, Public Sector banking and financial services company.

A Demat account is opened by the investor while registering with an investment broker (or sub-broker).

As you want to open an demat account in State bank of India so here I am giving you process, please follow it…..

Firstly go to the official website of State bank of India which looks like this image:




Now left side bottom of the home page you will see “Online Demat” option click on that option a new page will open which look like this image:



Now fill require details and click on Apply Now option

SBI Demat account Advantage:
Internet viewing of Demat accounts
For web enabling your accounts
Account Maintenance & Safe custody
Dematerialization
Rematerialization
Account Transfers
Pledge/Hypothecation
Disbursement of corporate benefits
Security Lending

Documents Required For Demat Account:

PAN (Compulsory)
Bank statement (last 3 months)
Address Proof
Income Tax Return
Two colour photos
Bank crossed Cheque (If required)
KYC details

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Answered By StudyChaCha Member