Demat Account
our demat accounts and services
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.
TMB Demat Scheme 800 - Schedule of Charges
| 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 |
TMB Demat Scheme 1000 - Schedule of Charges
| 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 |
TMB Demat Scheme 1500 - Schedule of Charges
| 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 |
TMB Demat Account Services - Schedule of Charges
| 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. |
Present NSDL - Schedule of Charges
| 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. |
Conditions
- The value of shares and charges are calculated as per NSDL formula and rates.
- There will be a charge of Rs. 100 for dishonour of any cheque or unsuccessful attempt to recover payment through direct debit or ECS. The depository services are liable for discontinuation if TMB is unable to recover charges from the customer, for any reason whatsoever. In such cases, there will be a charge of Rs. 250 for resumption of services and the services will be resumed after a minimum of three working days from the date of receipt of request at TMB Demat Service Office at Chennai.
- Any service that is not indicated above will be charged separately as per the rates applicable from time to time.
- TMB reserves the rights to revise the tariff structure from time to time, with a notice of 30 days.
- In the event of closing the demat account or shifting of the demat account from one Participant to another, the AMC collected upfront on annual basis by the Participant, shall be refunded by the Participant to the Clients for the balance of the quarter/s.
- The above mentioned charges are exclusive of Goods & Service Tax (GST) and any other charges levied by Government Bodies / Statutory authorities, etc from time to time.
SPEED-e and IDeAS for Demat account operation
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).
Online Share Trading
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.
Offline Share Trading
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.
Designated Branches for Demat Services
The following are the 76 branches that are currently authorized to offer / provide Demat Services to the customers.
- Ahmedabad 380 006
- Arakonam 631 001
- Aranthangi 614 616
- Aruppukottai 626 101
- Bengaluru 560 001
- Bengaluru 560 009
- Mumbai 400 071
- Chengalpattu 603 011
- Chennai 600 021
- Chennai 600 029
- Chennai 600 040
- Chennai 600 001
- Chennai 600 041
- Chennai 600 095
- Chennai 600 002
- Chennai 600 119
- Chennai 602 105
- Chennai 600 017
- Chennai 600 014
- Chennai 600 045
- Chennai 600 041
- Chennai 600 087
- Coimbatore 641 018
- Coimbatore 641 002
- Cumbum 625 516
- New Delhi 110 006
- Coimbatore 641 018
- Ernakulam 682 018
- Erode 638 001
- Ghaziabad 201 001
- Guntur 522 003
- Hosur 635 109
- Hyderabad 500 012
- Hyderabad 500 002
- Kakinada 533 001
- Kancheepuram 631 502
- Karur 639 001
- Kolkata 700 001
- Kollam 691 001
- Kovilpatti 628 501
- Ludhiana 141 003
- Madurai 625 009
- Madurai 625 001
- Madurai 625 001
- Mumbai 400 059
- Mumbai 400 053
- Mumbai 400 003
- Mumbai 400 022
- Navi Mumbai 400 705
- Nagercoil 629 001
- Namakkal 637 001
- Paramakudi 623 707
- Puducherry (Pondicherry) 605 001
- Rajahmundry 533 101
- Ramanathapuram 623 501
- Salem 636 002
- Sattur 626 203
- Secunderabad 500 003
- Delhi 110 032
- Sivakasi 626 123
- Surat 395 010
- Surat 395 002
- Theni 625 531
- Thiruvananthapuram 695 036
- Thoothukudi 628 001
- Thoothukudi 628 002
- Tiruchirapalli 620 008
- Tirunelveli 627 001
- Tirupur 641 604
- Tiruvallur 602 001
- Unjha 384 170
- Vadodara 390 005
- Vijayawada 520 001
- Villupuram 605 602
- Virudhunagar 626 001
- Yercaud 636 601
- more to follow soon...
Mutual Fund Holdings in Demat Account
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.
Please contact / email for any grievances relating to our Demat Services
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
Demat Account Downloads
