GST @18% will be applicable on all above charges.
*Refundable of Security Deposit after 3 years date of account opening
Demat Account Definitions:
  • • Demat: A Demat Account helps the investors hold shares and securities in electronic format.
  • • BSDA: Basic Service Demat Account, a type of account which offers limited services at reduced costs.
  • • PoA: Power of Attorney, a legal document giving authority to broker to settle the trades though holding in clients demat account.
  • • DPC: Delayed Payment Charges.
  • • Dematerialisation: Process to converting physical certificates to electronic form.
  • • Rematerialisation:: Process of converting electronic shares to physical certificates.
  • • DIS: Delivery Instruction Slip, Similar to conventional cheque book for demat account. Its is used offline demat account transactions.
  • • NSDL: National Securities Depository Limited, the 1st central securities depository. It offer services to hold shares in electronic form on behalf of the customer.
  • • CDSL: Central Depository Services (India) Limited, the 2nd securities depository. It also offers service to hold shares in electronic form.

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