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DEMAT CHARGES

 

Demat Charges

Charges/Tariff* for Demat Services w.e.f. 01.05.2019

 

A/c’s of Individuals A/c’s of Non Individuals
Annual Maintenance Charges Rs. 300/- per year Rs. 1250/- per year
Dematerialisation Rs. 10/- per certificate min of Rs. 50/- Rs. 10/- per certificate min of Rs.100/-
Rematerialisation Rs. 100/- per certificate Rs. 100/- per certificate
Pledge/Unpledge/ invocation Rs. 100/- per ISIN Rs. 100/- per ISIN

Transaction:  Per Debit Transaction

Rs. 25/- Rs. 50/-
Delivery Instruction Book Rs. 2 per leaf Rs.2 per leaf
Statement Charges Free as per the guidelines of CDSL/SEBI. Additional statement @ Rs 10/- per page Free as per the guidelines of CDSL/SEBI. Additional statement @ Rs. 25/- per page

Others - Account Modifications

Rs. 50/- per occassion

Rs. 100/- per occasion

 

  • Note:Details on Charges/tariff in respect of accounts of Clearing Member may be obtained from branch.
  • All the above charges are exclusive of Postage, other charges, Service Tax or surcharge, GST etc. stipulated by Government Bodies / Statutory Authorities from time to time.
  • Depository Customer has to provide a debit authorization for recovery of depository fees.
  • Annual maintenance charges are non-refundable and are levied upfront for a period of one year at the beginning of the financial year
  • Value of transaction will be in accordance with rates provided by the Depository
  • All the instructions for transfer must be received at the designated branches of the bank latest by 4.00 pm for the next day's pay-in.
  • The Billing/ Recovery interval of the charges is at the sole discretion of Karnataka Bank Ltd.
  • All instructions for transfer must be received at the designated branches of the bank at least 1 day before the 'execution' date. Same day execution / late instructions will be accepted on a "best effort basis" at the sole risk and responsibilities of the BO [account holder(s)]. The bank will not be held responsible for non-execution of any "same day" instruction. The bank also reserves the right to charge additional fee/s for processing 'same day execution' instructions.
  • Please note that in case we are unable to recover charges due to inadequate balances in the bank account / invalid bank account /inadequate advance deposit, the bank reserves right to " freeze" depository account for "debit transaction". Any non-Customer (i.e. the one not holding any regular operative account with our bank) has to keep with us a refundable, interest free, Advance Security Deposit of a sum of Rs.5000/-
  • Any other charges specified by CDSL/or by the Bank from time to time.