Refund money?

Question

I am Muthamizhan  when i checked my bank transactions i found that there is one debit transaction When i created the demat account, i was not told about the DP charges And i did not get any message alert also in my mobile which is registered with mobile banking with bank account  This is a completely not acceptable and i want my money back.
 

Answer 1

Dear Muthamizhan

Please note that the Demat account with any bank, comes with annual maintenance and transaction charges.  Unless the Demat account has been opened under certain corporate arrangement, charges do get levied.  Your query did not contain more information to infer the status of the relative Demat account opening.  However, if the Demat account was opened by you under certain corporate agreement, wherein charges were supposed to be waived off, you should take it up with your bank / home branch for reversal.

RAJA