IDBI Demat Account Review

What is benefits of IDBI Demat Account and also give me its Trading Brokerages?

IDBI bank offer DEMAT account to its candidates and following are benefits of Demat Account:

Internet, Phone & SMS Banking
IDeAS and SPEED- e facility available to view and transfer your securities online
Lower Account Maintenance Charges
Free Quarterly holding & monthly transaction statements

Trading Brokerages:
Delivery Based Trades Brokerages: 0.65% - 0.25% (For trading amount of 'Less than 2 lakh to Above 5 crore')
Intra-day Trades Brokerages: 0.10% - 0.03% (For trading amount of 'Less than 2 crore to Above 10 crore')
Future Trades Brokerages: 0.10% - 0.03% (For trading amount of 'Less than 2 crore to Above 10 crore')
Options Trades: Rs. 100/- per lot on both buy & sell
Minimum Brokerage: Rs 25 per trade or 2.5% of the trade value whichever is lower

Objectives of Demat Account:
Statement by emails
Demat access through Internet, cell and phone
Lowest fees
Portfolio valuation on the account statements
Special rates for stock market intermediaries and sub brokers
Online execution of transactions at branches
Transactions update from back-office four times a day

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Answered By StudyChaCha Member