Fees & Charges

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

SR NO. NATURE OF SERVICES PIS CHARGES
1. Granting, PIS Approval Rs.1,000/-
2. Safe Custody Charges 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.
3. Safe Custody Withdrawal NIL
4.1 PIS  
(a) Purchase / Sale of Securities in Demat form against customer order 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
4.2 Non - PIS
(b) Crediting Purchase / Sale Proceeds 0.10% Flat charge on Value of transaction with a Minimum charge of Rs 50/- Maximum charge of Rs 5000/-
6. Registration of POA with Companies 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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Mumbai Address

Rehmat Manzil, 75,
Veer Nariman Road,Churchgate,
Mumbai 400020 - INDIA
Tel : 39534100 Fax : 22870686

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Citi Centre, 28 Church Street,
Bangalore 560001 - INDIA
Tel: 080-25582000 Fax: 080-25582323