Axis Bank Charges for Demat Account: A Comprehensive Guide

Axis Bank offers a range of Demat account options, each with its own set of charges.

The charges for maintaining a Demat account with Axis Bank vary depending on the type of account and the frequency of transactions.

For a basic Demat account, Axis Bank charges a maintenance fee of ₹20 per annum.

This fee is waived off for accounts with a minimum balance of ₹10,000.

Additionally, Axis Bank charges ₹0.02 per transaction for buying and selling of securities.

Opening an Axis Direct Demat account comes with a range of benefits. The account has a solid client base of 3.5 lakhs, making it a trustworthy option.

One of the most attractive features of an Axis Direct account is its cost-effectiveness. There are zero account opening charges, and the brokerage structure is competitive, matching clients' trade volume and frequency.

You can also get a 3-in-1 account facility, combining your Demat, Trading, and Savings account in one place. This can be a convenient option for those who want to manage their finances easily.

Here are some of the key account features:

One of the most convenient features of your account is the ability to transfer shares with ease. This is made possible through receipt instruction slips and delivery instruction slips.

These slips provide all the essential details required for executing a transaction successfully. This includes everything you need to know about buying and selling shares.

You can use a receipt instruction slip to transfer your holdings, allowing you to sell your shares and receive the proceeds.

Freezing your account can be a lifesaver in unexpected situations. If you need to prevent unanticipated credit or debit into your account, freezing it can be a huge advantage.

You can freeze your demat account for a certain period of time. This facility is only available if you have a specific quantity of securities in your account.

Freezing your account should be done only when the situation is unavoidable. It's a good idea to think twice before availing this option.

As a resident retail customer, you'll want to know about the depository service charges associated with your account.

The account opening and closing charges are nil, which is great news for anyone looking to get started or close their account without incurring any additional costs.

You'll need to pay annual maintenance charges, which are ₹750 for Axis Bank customers from the second year onwards, and ₹350 for the first year. Non-Axis Bank customers will pay ₹750 from the second year onwards.

Demat charges are ₹5 per certificate or ₹50 per request, whichever is higher. This applies to both regular and BSDA accounts.

Remat charges are ₹20 for every 100 securities or part thereof, or ₹50 per request, whichever is higher. Again, this applies to both regular and BSDA accounts.

Courier charges for demat, remat, or demat rejection are ₹100.

Here's a breakdown of the debit transaction charges for debt securities: 0.01% of the transaction value, subject to a minimum of ₹50 and a maximum of ₹500 per transaction.

Failed or rejected instructions will incur a charge of ₹10 per instruction.

If you need an ad-hoc statement, it'll cost you ₹100 per statement.

Lastly, account modification charges include ₹25 per request for modification in CML and ₹50 for KRA upload/download.

Opening an Axis Direct Demat account comes with zero account opening charges.

The annual maintenance charge for an Axis Direct Demat account is ₹750.

You can get a 3-in-1 account facility with an Axis Direct account, combining your Demat, Trading, and Savings account.

Axis Direct offers a cost-effective solution with a competitive brokerage structure that matches clients' trade volume and frequency.

With an Axis Direct account, you can pledge your shares to get a quick loan up to 85% of the value of your current holdings.

Clients can lock their Axis Direct account and take a break, stopping any activity during the period.

To open an Axis Bank Demat account, you'll need to choose from three types of accounts: Individual, Joint, and Minor.

Individual accounts are available for Indian citizens and non-resident Indians (NRIs) who have a valid PAN card.

Joint accounts allow two or more individuals to hold a Demat account together, but all account holders must be Indian citizens.

Minor accounts are available for minors aged between 5 and 18 years, with the account being held in the name of a guardian or parent.

Investors with demat accounts in Axis Bank are required to pay annual maintenance charges, which can range from Rs. 100 to Rs. 750 depending on the number of transactions made.

If you have holdings above Rs. 50,000, you'll need to pay these charges, but if you're a basic demat account holder with a balance of up to Rs. 50,000, you're exempt from this fee.

Here are some other charges you should be aware of:

Annual maintenance charges vary depending on the number of transactions you make and the balance in your demat account.

Those with basic demat accounts and a balance of up to Rs. 50,000 are generally exempt from this charge.

Investors with holdings more than Rs. 50,000 will have to pay between Rs. 100 and Rs. 750 annually.

This charge is not applicable to all types of demat accounts, so it's essential to check your account details to see if you're affected.

Transaction charges are a crucial aspect of demat accounts. They can either be a monthly flat rate or based on the number of transactions you make, and the charges vary across different Depository Participants (DPs).

You'll need to be aware of these charges to manage your demat account effectively. Some DPs may charge between Rs. 100 and Rs. 750 annually, depending on the number of transactions made.

To give you a better idea, here are some examples of transaction charges:

These charges are in addition to the annual maintenance charges, which can range from Rs. 100 to Rs. 750 annually, depending on the number of transactions made.

Axis Direct offers flexible mobile trading options, allowing you to trade on the go with features like one-time easy registration and real-time stock updates.

You can access your portfolio and watchlists on your mobile device, and even enjoy live streaming of stock updates and price quotes.

The Axis Direct mobile app is available across various devices, making it easy to stay on top of your investments.

To open a Demat account online with Axis Direct, you can complete the process in just 15 minutes. Simply visit the official website, provide your details, and follow the onboarding process.

You'll need to upload papers for e-KYC, but the digital process is relatively quick and straightforward.

You can now dematerialise your physical securities with ease, thanks to the instructions you can provide to your Depository Participant (DP). This process transforms your physical certificates into electronic form.

This is a huge time-saver, as you no longer need to worry about storing and managing physical certificates. You can simply hold your electronic securities in a digital format.

Your DP can also reconvert electronic securities to material form through a process called rematerialisation, if needed. This gives you flexibility and peace of mind.

The Axis Direct Mobile App offers traders a convenient way to trade on-the-go. It's available across various mobile devices, giving you the flexibility to trade whenever and wherever you want.

To get started, you can register easily just once, and then you're good to go. The app's one-time easy registration process makes it simple to begin trading.

One of the app's best features is its ability to track your portfolio in real-time. You can keep an eye on your investments and stay up-to-date with the latest market trends.

You can also create multiple personalized watchlists to stay on top of your favorite stocks. This feature helps you stay organized and focused on your trading goals.

The app has a secure portal with a terminal locking facility to protect your account. This added layer of security gives you peace of mind when trading online.

In addition to these features, the app allows you to access both equity and derivative segments. This means you can trade a wide range of securities, from stocks to derivatives.

The app also provides live streaming of stock updates and price quotes. This feature gives you real-time information to help you make informed trading decisions.

Here are the key features of the Axis Direct Mobile App: