Axis Direct Demat Account Opening
Axis Direct Track Record Of Best Online Stock Broker In India
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3.1
Company Rating
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Cities Covered
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Orders Per Day
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Daily Turnover
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Our Client Base
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3.9
Mobile App Rating
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3.1
Company Rating
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Cities Covered
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Orders Per Day
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Daily Turnover
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Our Client Base
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3.9
Mobile App Rating
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Axis Direct Account Opening Enquiry
Axis Direct Demat Account Opening, Charges and Procedure
Axis Securities Limited is a full-service broker that is a part of Axis bank, which is a leading private bank in India. The 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 with more than 4.2 lakhs active customers.
Axis Direct offers investment opportunities in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and company fixed deposits. The broker is a participant of both the national stock exchanges i.e. BSE and NSE.
This stock broker is among the highest active clients in the stock broking space in India. The company holds a client base of more than 3,00,000. It also allows the customers to set up a demat three-in-one account that makes it more convenient to transfer funds.
Axis Direct provides services in various segments such as Equity, Derivatives, SIP, Mutual Funds, IPO, ETFs, Tax planning, NCDs, Bonds and Company FDs. It also has many easy-to-use trading software and platform including its advanced mobile app.
Axis Direct Demat Account
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 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.
Major Features of Demat Account
1. It provides a simple online and offline access to the securities they hold.
2. It provides fluent and quick transaction with the three in one account.
3. It has an easy to convert physical holdings into an electronic form.
4. It provides an easy online and offline transfers.
5. It provides auto credit of dividends.
Note: It is compulsory for the customer to hold a savings account with the Axis Bank before opening the Axis Bank Demat Account. The demat account is linked with the savings account.
Documents required to open a Demat account
The documents that are required to open a demat account with Axis Direct are:
1. Aadhar Card.
2. Pan Card.
3. Address Proof (Voter Id, Aadhar Card, Driving License, Passport, Lease agreement, Ration card, Landline or electricity bill, Insurance copy).
3. Bank account proof (Bank passbook, or Latest bank statement).
4. Income proof (Latest Salary Slip, Income Tax Return for currency and derivative segment).
Axis Direct Demat Account Opening Process
To open a demat account with Axis Direct, an individual can contact directly to the customer care of Axis Direct. It is considered to be the best way to open an account with Axis Direct in order to make a call back request from the Axis Direct representative. After submitting the request, a person from the nearest IIFL Branch will contact and guide you for the further process.
Axis Direct Demat Account Opening Charges
A customer is required to pay the demat account opening charges. The broker may charge an Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.
Service | Charges |
Demat Account Opening Fees | ₹0 |
Demat Account Maintenance Charges | ₹650 |
Axis Depository Service Charges for Resident Retail Customers
Description of Charges | Regular Account | Basic Services Demat Account (BSDA) |
Account Opening Charges | Nil |
|
Account Closing Charges | Nil |
|
Annual Maintenance Charges | For Axis Customers:
| Depending Upon 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. |
Credit Transactions | Nil | Nil |
Debit Transactions | 0.04% of the transaction value or ₹25/- (per instruction) whichever is higher. | 0.06% of the transaction value or ₹50/- (per instruction) whichever is higher. |
Failed/Rejected Instruction | ₹10/- per Instruction | ₹10/- per Instruction |
Ad-hoc Statement | ₹100/- per Statement | ₹100/- per Statement |
DIS booklet charge | Nil | ₹200/- per booklet from DIS re-issuance. |
Account Modification charges | Nil | ₹100/- |
Pledge Services | ||
Creation/Closure/Invocation | 0.04% of the transaction value or ₹50 (per instruction) whichever is high | 0.06% of the transaction value or ₹50/- (per instruction) whichever is higher. |
Speed-e (Application for NSDL) | ||
Speed-e Annual Maintenance Charges | NSDL Charges (at Actual) | NSDL Charges (At actual) |
Benefits of Opening a Demat Account at Axis Direct
- Zero Demat AMC for the first year of account opening for Axis Bank account holders.
- A dedicated research team is available to guide you and to provide reports.
- You can trade or invest in all segment.
- It enables online and offline holding of securities.
- Instant online and offline fund transfer.
- It provides auto credits of dividends.
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Frequently Asked Questions
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.
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.
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.
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.
Axis Direct charges zero AMC 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.
It charges 0.05% for equity, currency and commodity future trading.
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.
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.