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Tariff Rates of PORTFOLIO INVESTMENT SERVICES
Those customers who propose to avail the Portfolio Investment Services of the Bank will need to keep a minimum threshold deposit of Rs 3 lacs and minimum balance of Rs.25,000/- in savings / Current Account.
The customer will compulsorily have to open a demat account with us.
Those customers who are maintaining deposits of US$.15,000/- or equivalent in rupee will be entitled to a waiver of 25% of the charges on all services mentioned herein below:
Those customers who are maintaining deposits of US$20,000/- or equivalent in rupee will be entitled to a waiver of 50% of the charges on all the services mentioned herein below:
w.e.f. – 1st Oct.2006
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SR NO.
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NATURE
OF SERVICES
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PIS
CHARGES
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1.
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Granting, PIS Approval
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Rs.1,000/-
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2.
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Safe Custody Charges
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Rs.5,000/- p.a. for a maximum of 1000 certificate in other case Rs.5/- per share certificate held on 31 st March every year.
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3.
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Safe Custody Withdrawal
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NIL
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4.1
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PIS
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(a) Purchase / Sale of Securities in Demat form against customer order
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0.50% + STT+Education Cess on transaction upto 1 crore. P.A
0.25% for transaction from 1 crore to less than 5 crore P.A
0.15% for transaction from 5crore to less than 10 crore P.A
0.10% for transaction above 10 crore P.A |
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4.2
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Non - PIS
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(b) Crediting Purchase/Sale Proceeds
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0.10% Flat charge on Value of transaction with a
Minimum charge of Rs 50/-
Maximum charge of Rs 5000/- |
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6.
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Registration of POA with Companies
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Rs.100/- per application |
Other Conditions (General)
- The brokerage and service tax payable to brokers is separate and exclusive of our charges.
- Out of pocket expenses / postage / stamps and other charges on actual basis are recoverable separately.
- The schedule of charges / conditions applicable are subject to revision / amendments at the Bank’s discretion.
- All the fees will be debited to the designated savings account.
- Bank will engage the services of appropriate couriers for dispatching securities while correspondence with the customers other than in U A E will be generally registered post / Regd. Air mail.
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