home page
click here

Homepage

Free Newsletter

Daily News

Directory

Book Store

Messages

RSS Feed

About Us

--------------------------------------------------------------------------------------------------------------------------------------------------------


Daily News
- Banking News 
- IT News
- Insurance News
- BPO News
- Market News

Banking
- Overview 
- Basics
- Products
- Articles
- Policies
- More

Technology
- Overview 
- Major IT Cos
- Banking Software
- Features
- More

More sections
-
Finance
- BPO
- Insurance
- Jobs
- NRIs
- Banker's Club
- Business Humour
- Lifestyle  

Daily Rates
- Rupee Spot Rates
- Lending Rates
- Stock markets
- Converter

Best Selling Books
- Business Guide to India
- NRI's Handbook
- Report on BPO
- Whitepaper on Banking Systems


Click Here To Return To Daily News
Click For Other Top Stories


Securities and Exchange Board of India has directed that for new demat accounts from February 1, 2005, no opening charges will be payable. These new account holders will also not have to pay towards any custody charges for shares that are held in the demat account. Existing demat accounts will have the provision of not paying custody charges from April 1, 2005.

Any purchase of shares, that are credited to demat accounts will not attract any fee, though selling the same would entail debit charges that are currently being levied.

Annual cost of operating a demat account might come down by 10-40 per cent, depending on the nature of its usage. SEBI expects taht this move will result in larger usage of demat facilities by investors.


Daily Global Stocks Market Index

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

-----------------------------------------------------------------------------------

-----------------------------------------------------------------------------------


About us | Contact us | associate | Terms of use | Disclaimer
Banknet India | All rights reserved worldwide.
Best viewed with IE 4.00 & above at a screen resolution of 800 x 600 or higher