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 Welcome to AB Demat

Andhra Bank now offers you the power of the value-added, service-oriented Demat account-AB Demat. Andhra Bank is Depository participant of Central Depository Services Ltd (CDSL). DP ID No: 13040800 and National Securities Depository Services Ltd (NSDL)- DP ID No. IN303204 To cater to your individual needs as diverse as your portfolio, AB Demat will empower you with hassle-free, fast and accurate electronic transactions.

 Who can open AB Demat Account ?

An individual, Non-Resident Indian, Foreign Institutional Investor, Foreign National, Corporate, Trusts, Clearing Houses, Financial Institution, Clearing Member, Mutual Funds, Banks. 

  The Procedure for Opening AB Demat Account

You just have to fill up an Account Opening Form, submit a photograph of the applicant along with copiesd of address proof i.e. a photocopy of driving license / Election ID Card / passport/Voter Card/Electricity bill( recent) or Telephone bill(land line, not older than 2 months) and Your Bank account statement/Pass Book copy. Your Demat account number will be intimated to you immediately on the completion of processing of your application. PAN Card Compulsory as sole identity proof as per SEBI guidelines.

Besides, you also get additional benefits designed for your convenience. You will receive Transaction Statements and all other additional statements from time to time. Nomination facility, Freezing / Defreezing facility is also available.

Demat Activity include:

  • Opening and maintaining of Demat Accounts

  • Dematerialization

  • Rematerialisation

  • Purchases

  • Sales

  • Pledging and unpledging

  • Safe custody 


  Schedule of Charges for opening Demat a/c (Individuals and Corporates)

Sl No Tariff Particulars Revised
1. Account opening/closure Nil
2. Annual Membership charges For Individuals: Rs. 300/- (upfront) + applicable service tax
For Corporates: Rs.750/- (upfront) + applicable service tax.
3. Dematerialization Charges Rs 2/- per certificate+mailing charges Rs. 20/- in India and Rs. 500/- for foreign address
4. Rematerialization Charges A fee of Rs.15/- for every 100 securities or part thereof(or) A flat fee of Rs.15/- per certificate whichever is higher. However, no fee shall be collected in case of Government securities where Re-materialization is used for transfer to other SGL Participant account and units of UTI and other Mutual Funds where Re-materialization is used for redemption/repurchase.
5. Transaction Fee
Market Purchase/ Off Market Purchase
Market Sale/ Off Market Sale

0.04% of market value (per transaction)(minimum of Rs.20/-)
6. Pledge: Creation/ Confirmation/ Closure/ Invocation Rs. 50 /- per instruction
7. Holding statement

Account holders will be provided holding statement free every quarter. If there is a transaction in the account, holding statement will be provided free every month. Any additional statement will be charged Rs.10/- per statement.

The above charges attract service tax as applicable from time to time.

For Staff - No Annual Membership charges.( Other charges as applicable to all with Rs. 100/- towards stamp duty)..

Now we are glad to inform you that :

we are registered with CDSIL for providing 'Easi' & 'Easiest' facility to the Demat Account holders details of which are given below.

To empower you under CDSL system, AB Demat Services is providing 'Easi' and 'Easiest' facility. This is an internet enabled facility which empowers you in managing your securities 'Any time-Any where'.