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Demat Account

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 :

Activity Charges / Rate
For detailed conditions please refer below.
Fixed Upfront Charge Rs. 800 p.a.
Annual Maintenance Charges Nil
Transaction Charges (Market &Off Market)
for Sell Rs. 8.00 (Inclusive of NSDL Charges) per instruction.
for Buy Nil

 

TMB Demat Scheme 1000 - Schedule of Charges :

Activity Charges / Rate
For detailed conditions please refer below.
Fixed Upfront Charge Rs. 1,000 p.a.
Annual Maintenance Charges Nil
Transaction Charges (Market &Off Market)
for Sell 0.03% of Market value of security dealt with / transacted.
for Buy Nil

 

TTMB Demat Scheme 1500 - Schedule of Charges :

Activity Charges/ Rate
For detailed conditions please refer below.
Fixed Upfront Charge Rs. 1,500 p.a.
Annual Maintenance Charges Nil
Transaction Charges (Market &Off Market)
for Sell NSDL Charges Only (Rs. 5.00 at present).
for Buy Nil

 

TMB Demat Account Services - Schedule of Charges :

Activity Charges / Rate
For detailed conditions please refer below.
Account Opening Nil
Stamp Duty during Account Opening At 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.
Demat Rs. 2 per Certificate subject to minimum of Rs. 10 plus Rs. 50 Postage Charges.
Transaction Charges Sell(Market / Off Market) - Rs. 15 + NSDL Charges, Buy - Nil.
Pledge Creation 0.02% of Market value with the minimum of Rs. 25 per transaction plus NSDL Charges Extra.
Pledge Closure 0.02% of Market value with a minimum of Rs. 20 per transaction.
Remat Rs. 15 + NSDL Charges + Postage Rs. 50 Subject to a maximum cap of Rs. 5,00,000.
Securities Lending / Borrowing Rs. 25 per transaction.
Failed Instruction Charge Rs. 10 per transaction.
Freezing / De-freezing Charge Rs. 15 per transaction.
Pledge Invocation Rs. 20 per instruction.
Delivery Instruction Slip First Book Free. Rs. 15 per book second book onwards.

 

Present NSDL - Schedule of Charges :

Activity Charges / Rate
For detailed conditions please refer below.
Sell (Market & Off Market) Rs. 5.00 per Transaction (Nil for Commercial paper and Short Term debit instrument).
Rematerialisation Rs. 10 per Certificate.
Pledge Creation / Confirmation Rs. 25 per Certificate.
  • 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 Goods & Service Tax (GST) and any other charges levied by Government Bodies / Statutory authorities, etc from time to time.

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.

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.

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.

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 of our Bank.

  • Click Here Demat Account Opening Form
  • Click Here Physical Shares Dematerialisation Request Form
  • Click Here Demat Account Customer Rights and Obligations
  1. Vision

Towards making Indian Securities Market - Transparent, Efficient, & Investor friendly by providing safe, reliable, transparent and trusted record keeping platform for investors to hold and transfer securities in dematerialized form.

  1. Mission
  • To hold securities of investors in dematerialised form and facilitate its transfer, while ensuring safekeeping of securities and protecting interest of investors.
  • To provide timely and accurate information to investors with regard to their holding and transfer of securities held by them.
  • To provide the highest standards of investor education, investor awareness and timely services so as to enhance Investor Protection and create awareness about Investor Rights.
  1. Details of business transacted by the Depository and Depository Participant (DP)

A Depository is an organization which holds securities of investors in electronic form. Depositories provide services to various market participants - Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors in both primary as well as secondary markets. The depository carries out its activities through its agents which are known as Depository Participants (DP). Details available in the link https://nsdl.co.in/dpsch.php

  1. Description of services provided by the Depository through Depository Participants (DP) to investors

(1) Basic Services

Sr. No.

Brief about the Activity / Service

Expected Timelines for processing by the DP after receipt of proper documents

1

Dematerialization of securities

7 days

2

Rematerialization of securities

7 days

3

Mutual Fund Conversion / Destatementization

5 days

4

Re-conversion / Restatementisation of Mutual fund units

7 days

5

Transmission of securities

7 days

6

Registering pledge request

15 days

7

Closure of demat account

30 days

8

Settlement Instruction

Depositories to accept physical DIS for pay-in of securities upto 4 p.m. and DIS in electronic form upto 6 p.m. on T+1 day

(2) Depositories provide special services like pledge, hypothecation, internet based services etc. in addition to their core services and these include

Sr. No.

Type of Activity /Service

Brief about the Activity / Service

1

Value Added Services

Depositories also provide value added services such as

a. Basic Services Demat Account (BSDA)

b. Transposition cum dematerialization

c. Linkages with Clearing System

d. Distribution of cash and non-cash corporate benefits.

2

Consolidated Account statement (CAS)

CAS is issued 10 days from the end of the month (if there were transactions in the previous month) or half yearly (if no transactions).

3

Digitalization of services provided by the depositories

Depositories offer below technology solutions and e-facilities to their demat account holders through DPs:

e. E-account opening

f. Online instructions for execution

g. e-DIS / Demat Gateway

h. e-CAS facility

i. Miscellaneous services

  1. Details of Grievance Redressal Mechanism

(1) The Process of investor grievance redressal

1

Investor Complaint/ Grievances

Investor can lodge complaint/ grievance against the Depository/DP in the following ways:

 . Electronic mode -

i. SCORES (a web based centralized grievance redressal system of SEBI) [https://www.scores.gov.in/scores/Welcome.html]

ii. Respective Depository’s web portal dedicated for the filing of compliant [https://www.epass.nsdl.com/complaints/websitecomplaints.aspx]

iii. Emails to designated email IDs of Depository

The complaints/ grievances lodged directly with the Depository shall be resolved within 30 days.

2

Investor Grievance Redressal Committee of Depository

If no amicable resolution is arrived, then the Investor has the option to refer the complaint/ grievance to the Grievance Redressal Committee (GRC) of the Depository. Upon receipt of reference, the GRC will endeavor to resolve the complaint/ grievance by hearing the parties, and examining the necessary information and documents.

3

Arbitration proceedings

The Investor may also avail the arbitration mechanism set out in the Byelaws and Business Rules/Operating Instructions of the Depository in relation to any grievance, or dispute relating to depository services. The arbitration reference shall be concluded by way of issue of an arbitral award within 4 months from the date of appointment of arbitrator(s).

(2) For the Multi-level complaint resolution mechanism available at the Depositories

  1. Guidance pertaining to special circumstances related to market activities: Termination of the Depository Participant

Sr. No.

Type of special circumstances

Timelines for the Activity/ Service

1

o Depositories to terminate the participation in case a participant no longer meets the eligibility criteria and/or any other grounds as mentioned in the bye laws like suspension of trading member by the Stock Exchanges.

o Participant surrenders the participation by its own wish.

Client will have a right to transfer all its securities to any other Participant of its choice without any charges for the transfer within 30 days from the date of intimation by way of letter/email.

  1. Dos and Don’ts for Investors
  1. Rights of investors
  1. Responsibilities of Investors