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Axis Direct Demat Account Review - Opening, Charges and Features
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Axis Direct Demat Account Review | Features, Charges and Procedure
Axis Securities Limited is a full-service broker that is a part of Axis bank, a leading private bank in India. This broker provides its services and various other trading financial products to the retail customers in India through Axis Direct brand. It is ranked among the top stock brokers in India. Axis direct demat and trading account offers investment opportunities and services in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, Tax planning, NCD, ETF and company fixed deposits (FD).
It also allows the customers to set up an axis direct 3-in-1 demat account that makes it more convenient to transfer funds. It also has many easy-to-use trading software and platform including its advanced mobile app. Axis direct demat account good reviews has been received by the existing users. Axis direct demat account guide is given below in this article.
Axis Direct Demat Account Charges
A customer is required to pay axis direct demat account opening fees. The broker may charge an Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account. Axis direct demat account opening free is available.
Service | Charges |
Axis Direct Demat Account Opening Charges | ₹0 |
Axis Direct Demat Account Annual Maintenance Charges (AMC) | ₹750 |
Note - For axis bank customers, axis direct demat account AMC is free for the first year of demat account opening.
Axis Direct Demat Account 2022
Demat account holds the shares in an electronic form. Dematerialised account is commonly known as demat account. To do any transaction in stock exchange, investor must have a demat account. Investor can open a demat account with the help of broker. Demat account makes your trading, investing etc. smoother and faster as well. Axis direct demat account wide range of services are features and also offers axis 2 in 1 demat account facility. Axis demat 2 in 1 account includes axis direct trading and demat account. Axis bank offers the depository services to the retail customers in India. It is the fourth largest provider of demat account after ICICI, HDFC and Share khan.
Axis demat account for NRI is also available by axis bank demat account NRI. Check axis demat account charges for NRI and other details. But axis direct NRI demat account cannot be opened online, only Indian residents can avail the facility of axis direct digital demat account opening. Axis direct demat account growth rate is also good.
Axis Direct Demat Account Features
1. It provides a simple online and offline access to the securities they hold.
2. It provides fluent and quick transaction with the 3-in-1 account.
3. It has an easy to convert physical holdings into an electronic form.
4. Single axis direct demat account can hold both equity and debt instruments and shares.
5. Overall transaction charges or cost are low as compared to physical shareholding certificates and stocks.
Axis Direct Demat Account Documents
List of documents required to open axis direct demat account are given below:
1. Aadhar Card.
2. Pan Card.
3. Cancelled cheque.
4. Address Proof (Voter Id, Aadhar Card, Driving License, Passport, Lease agreement, Ration card, Landline or electricity bill, Insurance copy).
5. Income proof (Latest Salary Slips, Income Tax Return for currency and derivative segment, Form 16).
Axis Direct Demat Account Opening Process
Axis direct demat account opening procedure is quick and easy as it offers axis direct demat account online opening facility. Customers can open axis direct demat account zero balance account, which means you do not need to maintain any minimum balance in your demat account. One can easy link their axis direct basic demat account and trading account with any of your existing bank account in Axis, ICICI, HDFC, yes bank and SBI. You need to fill the axis direct demat request form available on the official website for axis direct digital demat account opening.
Follow the steps to open axis direct demat account online:
1. Visit the official of Axis direct.
2. Enter your name, mobile number and email address.
3. Enter the OTP received on your mobile number.
4. Enter your pan card details and DOB.
5. Fill the required personal details such as name, address, education etc.
6. Fill the required bank details.
7. Upload the scanned copies of required documents.
8. E-sign the online axis direct demat account opening form and submit.
Customers can their axis direct demat account status or axis direct demat status by entering their axis direct demat account form number on the official website. Once all steps and process are complete and after quick axis direct demat account verification and axis direct demat account validation: you will receive the axis direct demat account login credentials and axis direct demat account number shortly. Customers can download axis direct demat account statement/ axis direct demat statement after login to axis direct demat account.
Axis bank direct demat account login can be done on axis direct mobile app and axis direct trading software as well. For further updation, axis direct demat account update form is available on the official website.
Axis Direct Demat Account Opening Benefits
• Zero Demat AMC for the first year of opening of demat account with Axis Bank account holders.
• A dedicated research team is available to guide you and to provide good axis direct demat account grade reports.
• You can trade or invest in all segment.
• It enables online and offline holding of securities.
• Instant online and offline fund transfer facility
• It provides auto credits of axis direct demat account value dividends.
• It offers axis direct demat account refer and earn/ axis direct demat refer and earn feature.
How to Find Demat Account Number in Axis Direct?
It is one of the Frequently asked questions that how to know my demat account number in axis direct? A demat account number is a combination of DP ID and Customer ID. Generally, first 8 digits of a demat account number your DP ID and Last 8 digital of your demat account number is your customer ID. Thus, you can find axis direct demat account number by combining your DP ID and Customer ID.
CDSL demat accounts number consists of 16 digits i.e., 1237894561237894, while NSDL demat accounts number consist of 14 digits and ‘IN’ as prefix i.e., IN12378945612345.
How to Close Demat Account in Axis Direct?
Users often ask that how can I close my axis direct demat account? Nevertheless, there are two ways via which one can complete the axis direct demat account close process. i.e., Online and offline.
1. Online: For online axis direct demat account closing process, no holdings and outstanding dues should be in your axis direct demat account. Or else, you have to choose the offline way to close axis direct demat account. Just send an email containing all your axis direct demat account details such as client ID, PAN no. and the reason of account closing to dphelp@axisdirect.in.
2. Offline: You need to submit the duly signed axis direct demat account closure form or axis direct application for closing demat account by visiting the nearest axis direct branch. You can download axis direct demat account closing form or axis direct demat closing form from the official website of Axis direct.
Depository wise axis direct demat closure form CDSL/ axis direct demat closure form NSDL and Axis direct demat and trading account closure form is also available on the website.
For any axis direct demat account questions and axis direct demat account query and issues, customers can contact on axis direct demat customer care number i.e., 022-68515400 or write an email to axis direct demat email ID i.e., dphelp@axisdirect.in.
Axis Depository Service Charges for Resident Retail Customers
Some detailed axis direct demat account plans or axis direct demat plans wise charges are given below:
Description | Regular Account | Basic Services Demat Account (BSDA) |
Account Opening Charges | Nil | Nil |
Account Closing Charges | Nil | Nil |
Annual Maintenance Charges | For Axis Bank Customers: First year: No AMC From second year: ₹750
For Non-Axis Bank Customers First Year: ₹350 Second Year Onwards: ₹ 750
| For Debt Securities Holding value-
For Other Then Debt Securities Holding value-
|
Demat Charges | ₹5 per certificate or ₹50 per request, whichever is higher | ₹5 per certificate or ₹50 per request whichever is higher |
Remat Charges | ₹20 for every 100 Securities or part thereof or ₹50 per request, whichever is higher. | ₹5 per certificate or ₹50 per request, whichever is higher. |
Courier Charges per Demat / Remat/ Demat Rejection | ₹100 | ₹100 |
Credit Transactions | Nil | Nil |
Debit Transactions (Other than Debt Securities) | 0.04% of the transaction value or ₹25 (per instruction) whichever is higher. | 0.06% of the transaction value or ₹50 whichever is higher. |
Debit Transactions (Debt Securities) | 0.01% of the value of the transaction subject to minimum of ₹50 & maximum of ₹500 per transaction | 0.01% of the value of the transaction subject to minimum of ₹50 & maximum of ₹500 per transaction |
Failed/Rejected Instruction | ₹10 per Instruction | ₹10 per Instruction |
Ad-hoc Statement | ₹100 per Statement | ₹100 per Statement |
DIS booklet charge | First DIS Book (10 Leaves): NIL Additional Booklet (10 Leaves): ₹100 | ₹200 per booklet from DIS re-issuance. |
Account Modification charges | Modification in CML: ₹25 per request KRA Upload/ Download: ₹50 | ₹100 |
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Frequently Asked Questions
Axis direct offers demat account facility and services to trade or invest in Indian stock market.
Axis Direct portal of Axis Securities Limited (ASL) provides a seamless investment or trading platform by linking the customer’s Savings bank account, demat account and a trading account.
Axis direct charges for Intraday is ₹0.01 per lot and carry forward for equity, currency and commodity options trading. The options are highly leveraged derivative products. The option trading is used in many ways that includes hedging or to reduce the risk exposure of the portfolio.
Follow the below steps for axis direct demat account withdrawal:
1. Login to axis direct.
2. Click on ‘Limits’ and then select ‘Cash Limit’.
3. Under ‘Fund Hold and Release’ option, enter the amount you wish to withdraw and click on ‘release’.
Axis direct auto square-off all open intraday positions at 3:15 PM.
To apply in an IPO through the Axis Bank, the customer needs to hold a savings bank account with Axis bank. The customer can use the demat account with any other DP service provider. A trading account is not compulsory when an individual has to apply in an IPO but needed to sell the shares received.
Axis bluechip has moderately high risk. It has good long-term returns. The scheme can be chosen by any aggressive investor that look for some good returns over the long-term. You can visit the Axis Mutual Fund investment platforms and can start investing in this scheme through SIP or lumpsum.
Visit the official website of axis bank. Click on NRI account and then on open an account and fill the axis direct NRI account form. It offers 4 in 1 axis NRI account to the customers.
Axis bank provides various services to NRI customers which helpful and beneficial for them. It is considered good.
Yes, a non-Axis bank account holder can open a trading and demat account with Axis securities and can avail the Trade@20 plan by paying an additional ₹250 per month maintenance fee.
Axis MF allows the investments in various schemes of different fund houses such as Axis, SBI, Nippon, HDFC, etc. on the basis of investment objective, time horizon, and risk appetite. The customers can choose a suitable fund for the portfolio. An Axis Mutual Fund provides the expert’s recommendations on mutual fund investment. Various direct schemes of Axis Mutual Fund are Axis Bluechip Fund, Axis Focused 25 fund, Axis long term equity fund, Axis short term fund and Axis liquid fund.
It charges 0.05% for the currency futures trading and Intraday at ₹0.01 per lot| Carry forward: ₹10 per for currency options trading.
There should be no dues and holdings in your axis direct demat account to proceed for online axis direct demat account closing procedure. Just send an email containing all your axis direct demat account details such as client ID, PAN no. and the reason of account closing to dphelp@axisdirect.in for axis direct demat account closure online.
The Broker provides redemption facilities online and offline. To redeem offline, one has to visit the bank branch office and needs to fill a transaction slip and then submit it to the branch. If you invest online then the mutual fund can be redeemed from the same platform.
Yes, it offers an online IPO application to its customers. IPO offers early opportunities to buy shares of companies that are not previously traded publicly.
A customer can apply up to 3 IPO applications in Axis Bank Direct.
This limit order is to buy a security at not more or sell at not less than a specific price. By entering a limit order, one will not buy the stocks at higher price.
Visit the official website of axis direct. Fill the account opening from and upload the scanned copies of required documents and get your account opened in just 15 minutes.
Axis Direct AMC charges zero for a trading account and ₹650 for a demat account. AMC is charged to maintain the account.
Yes, it provides trading tips for the stock and commodity trading to its customers.
Axis bank offers 4 in 1 axis direct NRI account opening facility online for easy and smooth trading and investing experience. Just visit the official website of axis bank. Click on NRI account and then on open an account and fill the axis NRI account opening online form.
It charges 0.05% for equity, currency and commodity future trading.
Axis direct account is demat or trading account which is required to trade or invest in Indian stock market. Axis direct demat account worth various trading and investing services.
E-margin is a unique product where an individual can buy stocks in delivery with margin as lows as 25% and carry it for the next 90 trading days. During the 90 days trading period, one can either square off or take delivery of the position by bringing in the remaining funds.
No, the online trading facility is not available for the NRI investors based in the USA. Such investors can invest through their Relationship Manager or by using call and trade facility
It is ₹1,00,000 in cash segment from your account. The customer’s cash limit will increase by ₹1,00,000 for trading in a day.
Axis direct offers standard margin in equity intraday segment only. Apart from this, it offers e margin trading facility to the customers at nominal charges.
Yes, you can make investments in Axis Mutual Fund online. You can invest in mutual funds online through a mobile app, website and internet banking.
It charges 0.05% for Intraday trades. These orders are known as Margin Intraday Square-up or MIS orders. All the open Intraday orders are auto-squared off at the end of the day. Extra leverage is offered for these trades.
Axis Direct offers a large range of services to the customers. All the demat and trading accounts are provided to you in three-in-one account services that are offered.