DEMAT ACCOUNT CHARGES
Sebi tweaks rules for Basic Service Demat Account. Check eligibility, charges
Sebi has introduced new rules for Basic Service Demat Accounts (BSDA). To be eligible, individuals must have only one demat account where they are the primary holder and only one BSDA across all depositories.
Demat account for minors: How to open with Zerodha, other brokers? Check documents required, other details
Teaching minors about stock markets, demat accounts, and investment strategies is crucial for financial discipline and smart money management.
Sebi mandates direct transfer of securities by clearing corporations to Demat accounts
The proposed change seeks to streamline operations and mitigate risk by directly crediting securities payouts to clients' Demat accounts, bypassing the broker's pool account.
Sebi mulls raising limit for basic service demat account to Rs 10 lakh
Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market.
Punjab National Bank (PNB) to close these bank accounts: Is your account affected? Check here to find out
Punjab National Bank (PNB) has decided to close accounts where there has been no operation by the customer for the last three years and there is no balance in these accounts.
Stock Market Trading for NRIs: A comprehensive guide to 3-in-1 accounts
NRI 3-in-1 Account simplifies Indian stock market investments for NRIs through integrated banking, demat, and trading accounts. It provides convenience, diverse investment options, and seamless fund movement, enhancing trading efficiency and flexibility.
Two insurance rules from April 1, 2024: Demat type e-Insurance Account must to buy new policies, latest surrender charges
Two major insurance rules that are effective from April 1, 2024, are — compulsory e-Insurance policies for new policyholders and the latest the surrender charges of the life insurance plans such as endowment policies. To make it easier for insurance policyholders, we have summarised the main changes here. Read on
Your demat account will become inactive when this happens
An trading and demat account is most required for purchasing and selling and holding shares. However the trading and demat account could become dormant if there are sustained periods of inactivity. And no trade can be made through an dormant trading account until the reactivation process is completed. Read here to know more.
Free Aadhaar updation, SGB investment, demat nomination, 7 important money, tax deadlines in 2024
There are certain important money and income tax deadlines in the year 2024. It is important to remember these deadlines to avoid paying penalties or getting account frozen or miss out from any investment opportunities. Read on to know the 10 important income tax and money deadlines for the year 2024.
Zerodha's Nithin Kamath explains why opening free trading accounts is bad for business, customers
It said that if there was no account opening fee to recover the cost, the business could implicitly be pressured to get a customer to transact to recover that cost.
7 money changes in September; Changes in credit cards, small savings rules, Aadhaar free update, Rs 2,000 exchange deadlines
Changes in credit cards, small savings rules, Aadhaar free update, Rs 2,000 exchange deadlines. Here is a look at seven money changes in September you should know.
Axis Bank launches Infinity Savings Account with zero service charge on these 47 transactions; All you need to know
With a focus on technologically savvy consumers who frequently interact with subscription-based models, Axis Bank has introduced a savings account called the "Infinity Savings Account."
How do I transfer my father's RIL shares, and two other inoperative companies' shares to my demat account?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Demat account charges: Zerodha, AngelOne, ICICI Direct, SBI Securities, HDFC Securities, Groww
There are various charges involved when it comes to maintaining a demat account and it varies with each brokerage.
Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover dues
Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of fugitive businessman Mehul Choksi to recover dues of Rs 5.35 crore for indulging in fraudulent trading in the shares of Gitanjali Gems. Choksi is the maternal uncle of Nirav Modi, and both of them are facing charges of defrauding Punjab National Bank of over Rs 14,000 crore. To recover dues, Sebi has asked all banks, depositories, and mutual funds not to allow any debit from Choksi's accounts, including lockers, and attach all accounts held by the defaulter.
Should you close your demat account?
To initiate closure, three requirements have to be met. The demat account should have no holdings, no outstanding debit/credit charges in the ledger, and the details and signatures must match with the depository participant’s (DP) records.
Sebi orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy, others
According to Sebi, the subscription towards the OFCDs was solicited by the two companies from the general public throughout the country, without adequately informing them about the risks involved in the instruments.
Sebi orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy, others
The recovery proceedings against five entities -- Sahara India Real Estate Corporation (now known as Sahara Commodity Services Corporation), Subrata Roy, Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava -- for Rs 6.42 crore, includes interest, all costs, charges and expenses, the Securities and Exchange Board of India (Sebi) said in the attachment order
New credit card, demat, NPS, APY rules: 5 money changes that will come into effect from October
Many new rules will take effect in October 2022. These include the RBI's new credit card restrictions, who can no longer invest in the Atal Pension Yojana, demat account KYC rules, and more.
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