Dated: Saturday, May 07, 2005
Circular No. 08/2005-06

SUB: Re-introduction of Cost Free Scheme under Depository Services.

Keeping in view the demand of cost free scheme from our valued investors, it has been decided to re-introduce Cost Free Scheme. The scheme has been slightly modified and the salient features of the scheme are as under:

The deposit Amount under Cost Free Scheme has been increased to Rs.7500/- from Rs. 5000. Therefore, if any new person wants to join Cost Free Scheme under depository services, he has to deposit a sum of Rs.7500/-.The deposit will be under lock in period of multiple of one year which will be renewed for lock in period automatically after completion of one year.

The existing clients under the Cost Free Scheme are required to pay additional amount of Rs. 2500 by 30th June 2005. In case the balance amount of Rs.2500/- is not recd before the due date, an amount of Rs 150/- per annum will be charged towards AMC on the due date.

Further, in case of withdrawal of deposit in any other month during the year than the month in which a person had joined, a sum of Rs.600/- will be deducted out of Rs.7500/- towards service charges.

The existing clients under the Cost Free Scheme shall continue to enjoy all the benefits available under the scheme. The clients are free to convert their normal accounts to Cost Free Scheme provided the deposit of Rs.7500 is paid by them.

The salient features of the Cost Free Scheme are reproduced hereunder:

1. No Annual Maintenance Charges.
2. No Custody Charges.
3. No transaction charges on Market trades with Abhipra.
4. No credit charges (Market/Off market)
5. Free Speed-e facility for one year.
6. Free Instruction Books.