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Axis Bank Demat Account Overview
Axis Bank offers a convenient Demat account service through its investment arm, Axis Direct. This service allows you to hold and trade shares and other securities electronically. One of the key advantages is the option to open a 3-in-1 account, which links your savings bank account, Demat account, and trading account, making it easier to manage your investments and funds seamlessly.
Main Features
- 3-in-1 Account Setup: Your savings account, Demat account, and trading account work together smoothly, letting you transfer funds and securities without hassle.
- Diverse Investment Options: You can invest in stocks, derivatives, mutual funds, IPOs, bonds, and ETFs — all through one platform.
- Research and Insights: Get access to expert market analysis and useful trading tools to help you make informed decisions.
- Systematic Investment Plans (SIPs): You can set up regular investments in mutual funds automatically.
- Margin Trading: Trade by paying a portion of the total value upfront, giving you more flexibility.
- Global Investments: Axis Bank also facilitates access to international markets, including US stocks, through partner platforms.
Types of Demat Accounts Available
- Regular Demat Account: For resident individuals wanting to invest in the Indian stock market.
- Basic Services Demat Account (BSDA): Ideal for small investors holding securities up to ₹10 lakh, with lower or no annual maintenance fees.
- NRI Accounts: Separate options for Non-Resident Indians, with repatriable and non-repatriable accounts depending on the type of bank account held.
How to Open an Axis Demat Account
- Visit the Axis Direct website.
- Provide your phone number and email for initial verification.
- Complete KYC by entering personal details like PAN, date of birth, and address.
- Link your bank account by submitting the account number and IFSC code.
- Upload required documents such as your photograph, address proof, and a canceled cheque.
- Use Aadhaar-based e-signature to complete the application online.
- After verification, your account will be ready for use.
Charges and Fees
- Account Opening: Usually free.
- Annual Maintenance Fee: Around ₹750 per year, with some discounts for Axis Bank savings customers.
- Transaction Fees: Applied on securities debited from your account; typically a small percentage or a fixed minimum charge.
- Other Charges: May include fees for courier, additional statements, and physical delivery instruction slips (DIS).
Eligibility Criteria
- You must be at least 18 years old.
- Both Indian residents and NRIs can open accounts.
- Valid documents required include PAN card, address proof, passport-sized photo, and bank account details for linking.
If you want to start investing with Axis Bank, opening a Demat account through Axis Direct provides a straightforward and secure way to enter the market. Let me know if you want help with the application steps or have other questions!
