TMB is a accredited depository participants with the NSDL (National Depository Services Limited). Our charges are extremely nominal and service is quick. We offer three different types of demat accounts to suit your different volumes and frequency of activity in the account.
Activity | Charges / Rate |
---|---|
| |
Fixed Upfront Charge | Rs. 800 p.a. |
Annual Maintenance Charges | Nil |
Transaction Charges (Market & Off Market) | |
for Sell | Rs. 7.50 (Inclusive of NSDL Charges) per instruction. |
for Buy | Nil |
Activity | Charges / Rate |
---|---|
| |
Fixed Upfront Charge | Rs. 1,000 p.a. |
Annual Maintenance Charges | Nil |
Transaction Charges (Market & Off Market) | |
for Sell | 0.03% of Market value of security dealt with / transacted. |
for Buy | Nil |
Activity | Charges / Rate |
---|---|
| |
Fixed Upfront Charge | Rs. 1,500 p.a. |
Annual Maintenance Charges | Nil |
Transaction Charges (Market & Off Market) | |
for Sell | NSDL Charges Only (Rs. 4.50 at present). |
for Buy | Nil |
Activity | Charges / Rate |
---|---|
| |
Account Opening | Nil |
Stamp Duty during Account Opening | At Actuals. |
Annual Account Maintenance Charge (Upfront) | Resident Individual & HUF - Rs. 250 p.a., Others - Rs. 500 p.a., SB Premium A/c Holders - Nil, Senior Citizens - Rs. 125 p.a. |
Demat | Rs. 2 per Certificate subject to minimum of Rs. 10 plus Rs. 50 Postage Charges. |
Transaction Charges | Sell (Market / Off Market) - Rs. 15 + NSDL Charges, Buy - Nil. |
Pledge Creation | 0.02% of Market value with the minimum of Rs. 25 per transaction plus NSDL Charges Extra. |
Pledge Closure | 0.02% of Market value with a minimum of Rs. 20 per transaction. |
Remat | Rs. 15 + NSDL Charges + Postage Rs. 50 Subject to a maximum cap of Rs. 5,00,000. |
Securities Lending / Borrowing | Rs. 25 per transaction. |
Failed Instruction Charge | Rs. 10 per transaction. |
Freezing / De-freezing Charge | Rs. 15 per transaction. |
Pledge Invocation | Rs. 20 per instruction. |
Delivery Instruction Slip | First Book Free. Rs. 15 per book second book onwards. |
Activity | Charges / Rate |
---|---|
| |
Sell (Market & Off Market) | Rs. 4.50 per Transaction (Nil for Commercial paper and Short Term debit instrument). |
Rematerialisation | Rs. 10 per Certificate. |
Pledge Creation / Confirmation | Rs. 25 per Certificate. |
TMB gladly introduces one more facility called SPEED-e and IDeAS from 23rd Nov 2006. This facility will facilitate our clients to submit delivery instructions (Debit instructions) and view their demat account maintained with us online. More complete details of this new service are available under this Speed-e and IDeAS Service Document (Format: Adobe "PDF" Document).
The bank has entered into tie-up arrangement with M/s. Religare Securities Ltd. for opening online share trading accounts with competetive brokerage structure. For more information please visit Online Share Trading Platform.
The bank has entered into tie-up arrangement with M/s. Religare Securities Ltd. for opening offline share trading accounts with competetive brokerage structure. Note: From such Religare Trading Accounts, the bank receives 50% of the commission received from the customer.
The following are the 76 branches that are currently authorized to offer / provide Demat Services to the customers.
Please click this link for answers to your questions regarding transferring MF Holdings in Demat Account. FAQ on Holding of Mutual Fund Units in Demat Accounts (Format: Adobe "PDF" Document) of our Bank.
Tamilnad Mercantile Bank Limited
Depository Participant Service (DPS) Cell
269/2-4, Avvai Shanmugam Road
3rd Floor, Royapettah, Chennai - 600 014
Ph.: +91 44 2813 0552, Fax: +91 44 2813 1574.
Email: nospam@tmbank.in
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