IDBI Trading Demat & Trading Accounts

What is the benefit of opening Trading Demat & Trading Accounts in IDBI?

[Arvind Kumar]

There are following benefits of open Trading Demat & Trading Accounts in IDBI:

Lower Account Maintenance Charges
Free Quarterly holding & monthly transaction statements
Internet, Phone & SMS Banking
IDeAS and SPEED- e facility available to view and transfer your securities online
Lowest fees
Statement by emails
Demat access through Internet, cell and phone
Portfolio valuation on the account statements
Online execution of transactions at branches
Special rates for stock market intermediaries and sub brokers
Transactions update from back-office four times a day


If you are NRI Candidates then you need additional document for open Demat account which are following:

A copy of RBI approval

A duly attested copy of POA (Power of Attorney), if any

Overseas address is mandatory in the account opening form

NRO Account can be opened simultaneously for the purpose of debiting the charges. A debit authorization should be submitted
If account is opened by a POA holder, the signature verification of POA holder and a covering letter from the NRI for assigning POA to done along with signature attestation and an undertaking that as and when POA is revoked, it will be informed to the Bank in advance

A duly attested copy of POA or POA registration number given by the company must be given along with each DRF submitted by such NRI