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. Home >> Other Services >> Depository Services

Depository Services

What is a Depository?

		A Depository is an organization, which holds investors' securities in electronic form. The depository also provides services related to various transactions in such securities.

		A depository interfaces with its investors through Depository Participants. Depository Participants maintain investors' accounts (Demat accounts), which are similar to Savings Bank/Current accounts with a Bank. Purchase and sale of securities can be done through Demat account.

Why open a Demat account?

It helps you to avoid the trouble of storing share certificates, remember record dates, book closure period, validity date of transfer deeds, maintain record of securities held etc. It reduces paperwork and quickens the transactions and payment settlements.

As a Depository Participant of Central Depository Services (India) Ltd. (CDSL), Central Bank of India facilitates to open Demat Account at any of the following Designated Branches and view your holdings through Internet.

Fees Schedule for Investers

Sr. No.	PARTICULARS	INVESTORS
1	Account Opening Charges	Nil

2	Account Maintenance Charges	Rs .200/- (For Corporate A/Cs Rs. 700/-

3	Documentation Charges	Actual Stamp Cost

4	Custody Charges	Nil

5	Purchares (Market/Off Market)	Nil

6	Sale ((Market/Off Market)	0.20%of the transaction Value (Mini. Rs.20/- per transaction)

7	Dematerialization	Rs. 2/- Per Certificate

8	Postage per Demat Request	Rs. 25/-

9	Rematerialization	Rs.25/- Per Certificate

10	Postage for Remat Request	Rs.25/-

11	Creation /Confirmation of Creation of Pledge	0.02% of the transaction value (Minimum Rs 25/- per transaction.)

12	Closure / Confirmation of Closure of Pledge	0.02% of the transaction value (Minimum Rs 25/- per transaction.)

13	Pledge Invocation	0.02% of the transaction value (Minimum Rs 25/- per transaction.)

14	Account Closing Charges	Nil

15	Securities Leanding	Nil

16	Securities Borrowing	Rs.50/-

17	Late Transaction Charges	Rs. 10/- per Transaction

18	Failed Transaction/Rejulition	Rs. 25/-

19	Other Charges	All Taxes/Services Tax/Levies/cess as applicable

For further details please contact the nearest branch or Chief Manager, New Initiative Department, Central Office – Mumbai, at email cmnid@centralbank.co.in

Click here For List of Designated Branches of Central Bank of India for Depository Services

Exclusive e-mail id for registering complaints by investors: dematcustservice@centralbank.co.in

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