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

Table showing the schedule of charges for TMB Demat Scheme 800
ActivityCharges / Rate
  • For detailed conditions please refer below.
Fixed Upfront ChargeRs. 800 p.a.
Annual Maintenance ChargesNil
Transaction Charges (Market & Off Market)
for SellRs. 7.50 (Inclusive of NSDL Charges) per instruction.
for BuyNil

TMB Demat Scheme 1000 - Schedule of Charges

Table showing the schedule of charges for TMB Demat Scheme 1000
ActivityCharges / Rate
  • For detailed conditions please refer below.
Fixed Upfront ChargeRs. 1,000 p.a.
Annual Maintenance ChargesNil
Transaction Charges (Market & Off Market)
for Sell0.03% of Market value of security dealt with / transacted.
for BuyNil

TMB Demat Scheme 1500 - Schedule of Charges

Table showing the schedule of charges for TMB Demat Scheme 1500
ActivityCharges / Rate
  • For detailed conditions please refer below.
Fixed Upfront ChargeRs. 1,500 p.a.
Annual Maintenance ChargesNil
Transaction Charges (Market & Off Market)
for SellNSDL Charges Only (Rs. 4.50 at present).
for BuyNil

TMB Demat Account Services - Schedule of Charges

TMB Demat Account Services - Schedule of Charges
ActivityCharges / Rate
  • For detailed conditions please refer below.
Account OpeningNil
Stamp Duty during Account OpeningAt 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.
DematRs. 2 per Certificate subject to minimum of Rs. 10 plus Rs. 50 Postage Charges.
Transaction ChargesSell (Market / Off Market) - Rs. 15 + NSDL Charges, Buy - Nil.
Pledge Creation0.02% of Market value with the minimum of Rs. 25 per transaction plus NSDL Charges Extra.
Pledge Closure0.02% of Market value with a minimum of Rs. 20 per transaction.
RematRs. 15 + NSDL Charges + Postage Rs. 50 Subject to a maximum cap of Rs. 5,00,000.
Securities Lending / BorrowingRs. 25 per transaction.
Failed Instruction ChargeRs. 10 per transaction.
Freezing / De-freezing ChargeRs. 15 per transaction.
Pledge InvocationRs. 20 per instruction.
Delivery Instruction SlipFirst Book Free. Rs. 15 per book second book onwards.

Present NSDL - Schedule of Charges

Present NSDL - Schedule of Charges
ActivityCharges / Rate
  • For detailed conditions please refer below.
Sell (Market & Off Market)Rs. 4.50 per Transaction (Nil for Commercial paper and Short Term debit instrument).
RematerialisationRs. 10 per Certificate.
Pledge Creation / ConfirmationRs. 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 service tax 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 Nov 23, 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.


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 28130552, Fax: +91 44 28131574.
Email: