There isn’t any demat account opening charge. But there are other charges. You can view a comprehensive schedule of all charges here.
To close your Axis Demat account the following details must be furnished with the account closure form:
Your ID and your Depository Participant ID.
KYC details like name and address that match with details submitted to Axis Securities.
The reason for closing the demat account.
Ensure that there are no dues on your account as well as no untraded securities.
A bank employee must mandatorily submit and verify the self-attested identity proof copy.
You can open an account in just 15 minutes by following the below-listed steps:
Click on open Axis Bank Demat account
Fill in your name, phone number and a verified email address.
An OTP will be sent to your mobile number to verify.
Now, enter the PAN number and date of birth to complete the next step.
Fill up the personal details like Name, Permanent address, Residential status, Marital status etc.
Fill up bank details like Bank Name, Bank account number, IFSC code
Make your payment
Upload your documents like Aadhar card/driving licence/voter ID/passport
And the last step will be E-signing your account opening form.
3-in-1 account is a combo bundle consisting of a Savings bank account, a Trading account and a Demat account. In addition to providing a wide range of investment products, it enables seamless transactions between these three accounts.
Any unutilised amount is automatically released at the end of the day. To withdraw money from your Axis Direct account, proceed with the following steps:
Log in to AxisDirect.in
Click on “Limits”.
Select “Cash Limit” option.
Under “Fund Hold and Release” option, enter the withdrawal amount and click on “Release”.
Yes, Axis demat accounts are safe as all demat accounts are opened with Central Depository Services Limited(CDSL). Axis acts as only an intermediary between the customer and the central depository.
No Axis Direct is not free. The Fixed Plan on Axis Direct has an account opening cost of ?999 and fixed brokerage charges.
Axis Bank Direct is a platform that provides a 3-in-1 online investment account. Its mobile app allows customers to buy and sell, watch their portfolio, track live markets and trade on the go.
Depository Participant Identification is a number that is assigned to the Depository Participant such as a broking firm, financial institution, bank by the NSDL and CDSL.
Yes, you can open a demat account with Axis Bank using its AxisDirect feature.
Axis Securities offers various trading platforms based on customers' investment style.
Customers can Trade/Invest through these.
AxisDirect offers a 3-in-1 account, an integrated Trading, Demat and Bank account. This account offers a seamless transaction of money and shares between the three accounts. So, when the money gets transferred from your bank account to your trading account, the statement which is shown is known as axis direct debit.
Axis Direct is a platform that provides users with a 3-in-1 account. This includes a Savings bank account, a Trading account and a Demat account.