Demat Account Opening Charges in India

Demat account is a basic precondition for investment in Indian stock market. Demat Account is just like a bank account where actual money is replaced dionica.Demat account facilitates buying and selling shares, off cumbersome paperwork and delays is nonsense. You have access to internally displaced persons (depository participant), to open a Demat account.
Documents required to open Demat account
Open a Demat account to trade in the Indian market share is as simple as opening a savings bank account. You can open a Demat account with a bank or depository participants (DP). The application, the following documents are required to open Demat account:
• The duly filled application form.
• Photocopies of passport, pan card (optional), driver's license for proof of identity.
• Photocopies of passport, telephone bill, driver's license, voter ID card for proof of residency.
• Photos of the appropriate size of the person's passport.
• Details of bank account that will be associated with a Demat account.


Demat Account opening fees
Demat account opening fee can be divided into four main categories.
Demat Account opening documentation and Price
This is a one-time fee to be paid when opening a Demat account. It depends on the depository participant whether Demat account opening fee or not. Most banks and stock trading brokers do not take any fee, but a May charge a nominal fee for the stamp paper on which you execute a contract with a broker.

Annual maintenance costs
Annual maintenance cost is required to pay at the beginning of the year. However, some banks and brokers may charge a fee for each month or quarter.
Custodian fees
custodian fee is charged on a monthly basis, and it depends on the number of securities held in the account.
Transaction fees
The transaction fee is a fee for borrowing the shares from the DP account. As per SEBI not a broker or bank may charge fees for shares of Credit. So do not be fooled by the agents who claim to offer "free credit of the shares." Transactions Costs range from 0.02% to 0.04% of transaction value with a minimum charge of Rs.12 to Rs.25 per transaction .
some important points:

• In addition to basic benefits, as explained above, you have to pay service tax and education process.
• Many banks waive the annual fee to the first year.
• You May have to pay extra for natural deduction, but if you decide to e-statements, you do not have to pay the costs.
• If you already have a trading account and the DP with the same broker, you can save a significant amount of the AMC and transaction fees.
• Many online brokers offer lower fees at first, but they can charge you again later. Therefore, when selecting a broker or bank for opening a new Demat account, you must take into account all factors, such as service, comfort, and the frequency and volume of transactions, rather than make decisions based solely on price.