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5 Debit Transaction 0.05% of the value of the 0.05% of the value of the
(Equity/Mutual Fund) transaction. Min : 30 Max : transaction. Min : 30 Max : 25,000
25,000
6 Credit Transaction Nil Nil
7 Failed / Rejected Instruction Rs.50/- per Instruction Rs.50/- per Instruction
8 Pledge 0.04% of the value of the 0.05% of the value of the transaction
(Creation / Closure / transaction or Rs. 50/- (per or Rs. 50/- (per instruction)
Invocation) instruction) whichever is higher whichever is higher
The above charges applicable for individual customers are exclusive of applicable GST and
other taxes / statutory charges levied by Government bodies / statutory authorities, which
will be charged as applicable.
AMC charges will be recovered on quarterly basis. Rest on Monthly basis
Market value of transaction will be as per the rates provided by NSDL. The value of holding
shall be determined by IDFC FIRST Bank -DP on the basis of the daily closing price or NAV of
the securities or units of mutual funds, unlisted stock as the case may be for data not
available by NSDL. Where such price is not available the last traded price may be taken into
account and for unlisted securities other than units of mutual funds, face value may be taken
into account
Demat charges will be debited to IDFC FIRST bank account of the client maintained with our
branches. AMC to be charges upfront for Non IDFC FIRST Bank account holders.
All charges / service standards are subject to revision at the Banks sole discretion at any
given point of time and the same shall be communicated to the customers with a notice of
30 days
The transaction charges will be payable monthly. The charges quoted above are for the
services listed. Any service not quoted above will be charged separately.
In case of non- recovery of service charges due to inadequate balance in your linked bank
account or inadequate advance fees or invalid bank account, the Depositor y services for
your account will be temporarily discontinued. The services will be resumed in a minimum of
three working days from the date of receipt of request with HDFC Bank and post payment of
all outstanding dues towards Depository charges
A onetime charge of Rs 1,000/- (minimum) towards the cost of Smart Card/E-token will be
charged extra for those who opt for Speed-e operating through Smart card /E-token.
All charges are exclusive of taxes, levies and other statutory charges
Schedule of charges is in tune with NSDL guidelines and is subject to change as and when
NSDL revises the rates, giving 30 days’ notice to the client.
The charges are also subject to revision at the discretion of the Bank.
Pledge charges are payable at the time of respective request.
Terms and Conditions / Declaration
1. I confirm that I have consented for opening of NSDL Insta demat account electronically through
computer/tablet/mobile phone/any electronic device based on IDFC First Bank’s existing to bank
(ETB) customer’s KYC and with respect to SEBI’s Circular dated October 12, 2017 regarding relying on
the records of client due diligence (KYC) carried out by a third party.
2. I confirm that the information and instructions which are captured electronically are read by me,
such information/instructions are an intrinsic part of my request to open a NSDL depository account
and I agree to be bound by them.
3. I acknowledge the receipt of copy of the document ‘Rights and Obligations of the beneficial owner
and the Depository Participant in electronic form/prescribed by NSDL.
4. I agree to be bound by the Bye Laws and Business Rules of NSDL. The rules and regulations of the
Depository and the Depository Participants pertaining to an account which are in force now have
been read by me, I have understood the same, and I agree to abide by and be bound by the rules as
are in force from time to time for such accounts. I hereby declare that the details furnished by the
IDFC First Bank’s existing to bank (ETB) customer’s KYC electronically for opening of NSDL Insta
Demat Account are true and correct to the best of my knowledge and belief and I undertake to
inform any changes therein, immediately. In case any of the information is found to be false or
untrue or misleading or misrepresenting, I am aware that I may be held liable for it.
5. I/ have read, understood and agree to the charges/costs, mentioned in the extant Schedule of
Charges pertains to the demat account and banking facilities and products as well as the facilities
and/or the other products which I wished to avail. This Schedule of Charges is also displayed on
www.idfcfirstbank.com.
6. I / We hereby also authorize the bank to debit all charges in respect of the demat account payable
by me / us & also to credit all dividend to the account selected during demat account opening. I/We
undertake that sufficient balances shall be maintained by me/us in the said Accounts to facilitate the
debiting of demat Service Charges.
7. As per NSDL account opening flow, I understand the advantages of nomination and the
consequences and here by confirm to visit IDFC FIRST Bank for submission of nomination form
RIGHTS AND OBLIGATIONS OF THE BENEFICIAL OWNER AND DEPOSITORY PARTICIPANT AS
PRESCRIBED BY SEBI AND DEPOSITORIES
General Clause
1. The Beneficial Owner and the Depository participant (DP) shall be bound by the provisions of the
Depositories Act, 1996, SEBI (Depositories and Participants) Regulations, 1996, Rules and Regulations
of Securities and Exchange Board of India(SEBI), Circulars/Notifications/Guidelines issued there under,
Bye Laws and Business Rules/Operating Instructions issued by the Depositories and relevant
notifications of Government Authorities as may be in force from time to time.
2. The DP shall open/activate Demat account of a beneficial owner in the depository system only after
receipt of complete Account opening form, KYC and supporting documents as specified by SEBI from
time to time.
3. The DP shall maintain all the details of the beneficial owner(s) as mentioned in the account opening
form, supporting documents submitted by them and/or any other information pertaining to the
beneficial owner confidentially and shall not disclose the same to any person except as required by
any statutory, legal or regulatory authority in this regard.
4. The Beneficial Owner shall immediately notify the DP in writing, if there is any change in details
provided in the account opening form as submitted to the DP at the time of opening the Demat
account or furnished to the DP from time to time.
Fees/Charges/Tariff
5. The Beneficial Owner shall pay such charges to the DP for the purpose of holding and transfer of
securities in dematerialized form and for availing depository services as may be agreed to from time
to time between the DP and the Beneficial Owner as set out in the tariff Sheet provided by the DP. It
may be informed to the Beneficial Owner that " no charges are payable for opening of Demat accounts
6. In case of Basic Services Demat Accounts, the DP shall adhere to the charge structure as laid down
under the relevant SEBI and/or Depository circulars/directions/notifications issued from time to time.
7. The DP shall not increase any charges/tariff agreed upon unless it has given a notice in writing of
not less than thirty days to the Beneficial Owner regarding the same.
Dematerialization
8. The Beneficial Owner shall have the right to get the securities, which have been admitted on the
Depositories, dematerialized in the form and manner laid down under the Bye Laws, Business Rules
and Operating Instructions of the depositories.
Separate Accounts
9. The DP shall open separate accounts in the name of each of the beneficial owners and securities of
each beneficial owner shall be segregated and shall not be mixed up with the securities of other
beneficial owners and/or DPs own securities held in dematerialized form.
10. The DP shall not facilitate the Beneficial Owner to create or permit any pledge and /or
hypothecation or any other interest or encumbrance over all or any of such securities submitted for
dematerialization and/or held in Demat account except in the form and manner prescribed in the
Depositories Act, 1996, SEBI (Depositories and Participants) Regulations, 1996 and Bye-
Laws/Operating Instructions/Business Rules of the Depositories.
Transfer of Securities
11. The DP shall effect transfer to and from the Demat accounts of the Beneficial Owner only on the
basis of an order, instruction, direction or mandate duly authorized by the Beneficial Owner and the
DP shall maintain the original documents and the audit trail of such authorizations.
12. The Beneficial Owner reserves the right to give standing instructions with regard to the crediting
of securities in his Demat account and the DP shall act according to such instructions.
Statement of account
13. The DP shall provide statements of accounts to the beneficial owner in such form and manner and
at such time as agreed with the Beneficial Owner and as specified by SEBI/depository in this regard.
14. However, if there is no transaction in the Demat account, or if the balance has become Nil during
the year, the DP shall send one physical statement of holding annually to such BOs and shall resume
sending the transaction statement as and when there is a transaction in the account.
15. The DP may provide the services of issuing the statement of Demat accounts in an electronic mode
if the Beneficial Owner so desires. The DP will furnish to the Beneficial Owner the statement of Demat
accounts under its digital signature, as governed under the Information Technology Act, 2000.
However if the DP does not have the facility of providing the statement of Demat account in the
electronic mode, then the Participant shall be obliged to forward the statement of Demat accounts in
physical form.
16. In case of Basic Services Demat Accounts, the DP shall send the transaction statements as
mandated by SEBI and/or Depository from time to time.
17. The DP shall have the right to close the Demat account of the Beneficial Owner, for any reasons
whatsoever, provided the DP has given a notice in writing of not less than thirty days to the Beneficial
Owner as well as to the Depository. Similarly, the Beneficial Owner shall have the right to close his/her
Demat account held with the DP provided no charges are payable by him/her to the DP. In such an
event, the Beneficial Owner shall specify whether the balances in their Demat account should be
transferred to another Demat account of the Beneficial Owner held with another DP or to
rematerialize the security balances held.
18. Based on the instructions of the Beneficial Owner, the DP shall initiate the procedure for
transferring such security balances or rematerialize such security balances within a period of thirty
days as per procedure specified from time to time by the depository. Provided further, closure of
Demat account shall not affect the rights, liabilities and obligations of either the Beneficial Owner or
the DP and shall continue to bind the parties to their satisfactory completion.
19. In event of Beneficial Owner committing a default in the payment of any amount provided in
Clause 5 & 6 within a period of thirty days from the date of demand, without prejudice to the right of
the DP to close the Demat account of the Beneficial Owner, the DP may charge interest at a rate as
specified by the Depository from time to time for the period of such default.
20. In case the Beneficial Owner has failed to make the payment of any of the amounts as provided
in Clause 5&6 specified above, the DP after giving two days notice to the Beneficial Owner shall have
the right to stop processing of instructions of the Beneficial Owner till such time he makes the payment
along with interest, if any.
1. Without prejudice to the provisions of any other law for the time being in force, any loss
caused to the beneficial owner due to the negligence of the depository or the participant, the
depository shall indemnify such beneficial owner.
2. Where the loss due to the negligence of the participant under Clause (1) above, is
indemnified by the depository, the depository shall have the right to recover the same from such
participant.
22. The Beneficial Owner may exercise the right to freeze/defreeze his/her Demat account maintained
with the DP in accordance with the procedure and subject to the restrictions laid down under the Bye
Laws and Business Rules/Operating Instructions.
23. The DP or the Depository shall have the right to freeze/defreeze the accounts of the Beneficial
Owners on receipt of instructions received from any regulator or court or any statutory authority.
24. The DP shall redress all grievances of the Beneficial Owner against the DP within a period of thirty
days from the date of receipt of the complaint.
Authorized representative
25. If the Beneficial Owner is a body corporate or a legal entity, it shall, along with the account opening
form, furnish to the DP, a list of officials authorized by it, who shall represent and interact on its behalf
with the Participant. Any change in such list including additions, deletions or alterations thereto shall
be forthwith communicated to the Participant.
26. In addition to the specific rights set out in this document, the DP and the Beneficial owner shall be
entitled to exercise any other rights which the DP or the Beneficial Owner may have under the Rules,
Bye Laws and Regulations of the respective Depository in which the Demat account is opened and
circulars/notices issued there under or Rules and Regulations of SEBI.
27. The provisions of this document shall always be subject to Government notification, any rules,
regulations, guidelines and circulars/ notices issued by SEBI and Rules, Regulations and Bye-laws of
the relevant Depository, where the Beneficial Owner maintains his/ her account, that may be in force
from time to time.
28. The Beneficial Owner and the DP shall abide by the arbitration and conciliation procedure
prescribed under the Bye-laws of the depository and that such procedure shall be applicable to any
disputes between the DP and the Beneficial Owner.
29. Words and expressions which are used in this document but which are not defined herein shall
unless the context otherwise requires, have the same meanings as assigned thereto in the Rules, Bye-
laws and Regulations and circulars/notices issued there under by the depository and /or SEBI
30. Any changes in the rights and obligations which are specified by SEBI/Depositories shall also be
brought to the notice of the clients at once.
31. If the rights and obligations of the parties hereto are altered by virtue of change in Rules and
regulations of SEBI or Bye-laws, Rules and Regulations of the relevant Depository, where the Beneficial
Owner maintains his/her account, such changes shall be deemed to have been incorporated herein in
modification of the rights and obligations of the parties mentioned in this document.