PNB or Punjab National Bank is known for offering banking and other related services for years. Other than this, the bank is known for offering Demat account services. So, if you are looking for a reliable Demat provider then have a look at the PNB Demat Account charges.
Since PNB only offers Demat account and saving account benefits without the trading platforms. To offer the hassle-free trading experience to its clients it has tied up with some of the renowned stockbrokers the list of which is provided below:
Now, these full-service stockbrokers have their individual identity in the stock market and offer average rating trading apps with advanced and basic features to make the life of individual investors simple.
Since it has a tie-up with another stockbroker, how does it charge fees on the Demat account?
Is it specific to the user of the PNB Demat account or depends on the trading app chosen by the investor?
Let’s clear all the doubt by delving in detail to know the Demat account charges.
Demat Account Charges in PNB Bank
As discussed above, PNB is known for offering the Demat and saving account services and thus it comes up with the specific opening and maintenance charges.
But are these charges high in comparison to other brokers or being the nationalized bank it offers service for FREE?
Other than this, what other charges does it impose to offer other services like dematerialization charges, pledging of shares in the Demat account, etc?
Generally, these charges are generally least considered but let’s begin with the complete details to know the cost of the Demat account with the PNB.
PNB Demat Account Charges
Rs. 2.25/- per certificate with plus courier charges
Rs. 10 per hundred securities or flat Rs. 10 whichever is higher
0.033 % of market value with minimum Rs.30 per debit
Rs. 25 per instruction
Account Freezing Charges
Rs. 20 per instruction
PNB Demat Account Opening Charges
After discussing the additional charges on the PNB Demat account, let’s now find out the charges associated with PNB Demat account opening.
PNB Demat Opening Account Charges
Demat Account Opening Charges
So, here again like many other stockbrokers, you can enjoy the benefit of opening a Demat account with a reliable depository participant without paying any charges.
Other than this by opening a Demat account with PNB you can reap the leverage of a free trading account with the SMC Online and other stockbrokers mentioned above.
This further gives you the benefit to access their trading app for FREE!
PNB Demat Account Annual Charges
Last but not least are the Annual charges, these charges are generally meant to maintain and keep the account active.