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DEMAT ACCOUNT


Schedule-A
DP Charges (with effect from Feb 01, 2009)
For Beneficial Owners (Individuals & Corporate)

Sl. No.

ITEM

CHARGES

1

Charges for KYC

Rs. 75/-

2

Account opening Charges

Nil

3

Annual Membership Fee-AMF (Charges every year on all accounts as at the close of march.

For Individual Accounts.

1] Rs.300/- PA [For clients receiving statement cum Bill by e-mail plus recovery of DP charges through Standing Instruction of IVBL account.]

2] Rs.350/- PA [For clients opted recovery of DP charges through Standing Instruction to IVBL account.]

3] Rs.1000/- PA [For clients neither opted receiving statement by e-mail nor recovery through IVBL account.]

For Corporate Accounts


1] Rs.500/- PA (For clients receiving statement cum Bill by e-mail plus recovery of DP charges through Standing Instruction to IVBL account.

2] Rs.600/- PA [For clients opted recovery of DP charges through Standing Instruction to IVBL account.]

3] Rs.2500/- PA [For clients neither opted receiving statement by e-mail nor recovery through IVBL account]

4

Market & Off- Market Transactions :
Buying

Selling

(including Inter Depository):



Nil

0.04% of Market Value with a minimum of Rs.15/- per transaction subject to maximum of Rs.5000/- per transaction plus NSDL charges in force for Individual Accounts.

0.04% of Market Value with a minimum of Rs.15/- per transaction subject to maximum of Rs.10000/- per transaction plus NSDL charges in force for Corporate Accounts.

5

Demat Charges

Rs.4/- per certificate (Re.3/- in case number of Certificates exceed 500 per request) and mailing charges of Rs.35/- per request.

6

Remat Charges

Rs.50/- per certificate and mailing charges of Rs.35/- per request plus NSDL charges in force.

7

Pledge Charges :
Creation


Closure & Invocation

0.04% of Market Value with a minimum of Rs.50/- per transaction subject to a maximum of Rs.5000/- plus NSDL charges in force for Individual Accounts

0.04% of Market Value with a minimum of Rs.50/- per transaction subject to a maximum of Rs.10000/- per transaction plus NSDL charges in force for Corporate Accounts.

8

Securities Lending & Borrowing
Lending

Borrowing

Rs.50/- per transaction.

Rs.50/- per transaction plus NSDL charges.

9

Additional Statement / bill over and above monthly / quarterly statement

Rs.5/- per page (Minimum of Rs.35/-) .

10

Late Transaction Fee (for market trades submitted on the Pay-in date of the settlement)

Rs.100/- per transaction.

11

Service Charges for non-payment of bills within due date.

18% p.a. with monthly rests.

12

Renewal charges for resuming the depository operations in case of suspended DP accounts for non-payment of dues

Rs.150/- per account.

13

Cheque bouncing charges

Rs.200/- per transaction.

14

Additional DI Book charges

Rs.10/- for 10 leaves plus Rs.25/- Regd. Post/Courier if the DI Book is to be forwarded through Regd. post/courier.


NOTE:-
1. Government levies/Taxes chargeable extra as per applicable rates
2. Market Value for the purpose of transaction charges as per NSDL.
3.Any service that is not indicated above will be charged separately as per the rates applicable from time to time.
4. ING Vysya Bank reserves the right to revise the Schedule of charges from time to time with a notice of 30 days. The notice may be given by ordinary post or by an advertisement in a national daily.
5. If the demat a/c is closed during the year no prorata refund of AMF will be made.


NSDL Charges

Sl. No.

ITEM

CHARGES

1

Market, Off-Market, Inter Depository              Debit Transactions

Rs.4.50 per transaction.

2

Custody Charges

Re.1/- per ISIN per quarter on unlisted securities only.

3

Remat Charges

Rs.10/- for every hundred securities or part there of subject to maximum fee of Rs.5,00,000/- or a flat fee of Rs.10/- per certificate; whichever is higher.

4

Pledge Charges (Only Creation)

Rs.25/- per transaction.

5

Securities Lending & Borrowing (Only Borrowing)

Rs.25/- per transaction.


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