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