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Hi All,

I want to open a trading and demat account in zerodha.
In IL&FS Demat application form Charges of Depository Services are given like this.

1. Annual Maintanance Charge - Rs 400 per annum.
2. Debit Transaction charges - Flat Charges of Rs 15 Plus Depository Charges at actuals.
3. Dematerialization Charges - Rs 2 per certificate plus courier charges of rs 35 per demat request for every 500 gms
4. SLB Charges - For Security borrowing : Rs 25 plus Depository Charges.
- For Security Lending : Rs 25 plus depository charges.
5. Pledge Charges : 0.02% of the value of transaction ,subject to a minimum of Rs 50 plus Depository charges at actual.
6. Rematerialize Charges : Rs 25 per certificate or 0.05% of the value of the transaction which ever is higher.

So can some one explain this points to me except first one.
Thanks in advance :)
 
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Zerodha, yesterday morning i transfer amount(mode - zerodha back office pay online) from my bank account to trading account, transaction is completed i received debit msg from bank

but i checked pay in details in my trading account it shows satuts failed,

yesterday i send mail to [email protected] u people didn't reponse it
 

Zerodha

Well-Known Member
Hi All,

I want to open a trading and demat account in zerodha.
In IL&FS Demat application form Charges of Depository Services are given like this.

1. Annual Maintanance Charge - Rs 400 per annum.
2. Debit Transaction charges - Flat Charges of Rs 15 Plus Depository Charges at actuals.
3. Dematerialization Charges - Rs 2 per certificate plus courier charges of rs 35 per demat request for every 500 gms
4. SLB Charges - For Security borrowing : Rs 25 plus Depository Charges.
- For Security Lending : Rs 25 plus depository charges.
5. Pledge Charges : 0.02% of the value of transaction ,subject to a minimum of Rs 50 plus Depository charges at actual.
6. Rematerialize Charges : Rs 25 per certificate or 0.05% of the value of the transaction which ever is higher.

So can some one explain this points to me except first one.
Thanks in advance :)
Debit transaction is basically DP charges.. If you take delivery of a scrip to your demat account, when you sell from your demat account, there is a charge.. This has been reduced to Rs 8 per transaction.. Additional to this there would be NSDL charges which is Rs 5 per transaction.. This is in the range of Rs 10 to Rs 25 based on which broker you trade.. some brokers also charge you a % dp charge...

Dematerialization is if you have physical shares, you can convert it into demat..

SLB is a new mechanishm, where people can lend or borrow, borrowing typically done by arbitrageurs and lending done by people who are holding stocks in their demat which is not intended to sell..

Pledge charges is where you can pledge stocks to get margins for f&o trading..

Rematerialize is where you convert shares which are in demat back to physical....

Cheers..
 

Zerodha

Well-Known Member
Zerodha, yesterday morning i transfer amount(mode - zerodha back office pay online) from my bank account to trading account, transaction is completed i received debit msg from bank

but i checked pay in details in my trading account it shows satuts failed,

yesterday i send mail to [email protected] u people didn't reponse it
Can you send the email again, put my name in the subject.. sachin...

We wouldn't have missed any emails, but will double check...
 
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