The DP-ID + Client ID,is definitive identification of the applicant. While processing the application the Registrar checks that names on the application form and that obtained from the depositories,are matching.Mismatch can result in non receipt of shares into the account or no receipt of/delayin receiving refund amount.Thus it is very important that the Demat Account Number is started correctly in the application form. See similar questions...

It is mandatory for you to open a demat account with Alankit assignments ltd. However, if you have a Demat Account with another depository, you can continue your Demat Account with them. But for every sale you make, you will need to ensure that you transfer the stocks into our Demat account two days before the securities pay-in date of the Stock Exchange. Yes it is necessary that you open bank account with our designated bank HDFC Bank. See similar questions...

Yes. You can submit account closure request to your DP in prescribed form. Your DP will transfer all your securities, as per your instruction, and close your demat account. See similar questions...

Yes. You can open more than one demat account in identical names. There is no restriction on the number of demat accounts you can open with the same/other DP's. See similar questions...

Yes. The Customer Id of the first holder in the demat account must be mentioned on the application form. See similar questions...

In the advanced countries, depository systems and services have played a significant role in not only facilitating smooth trading and settlement but also attracting foreign investment in the capital market. The depository system evolved by the National Securities Depositories Limited (NSDL) enables investors to overcome all problems related to handling physical certificates. NSDL is an organization formed to provide electronic depository facilities for securities traded. See similar questions...

It is safe and convenient way to hold securities compared to holding securities in the physical form. Change of name, address, mandate, registration of power of attorney, transmission etc can be effected across companies by a single instruction to the DP. Any number of securities can be transferred/delivered with one instruction. Therefore paperwork and signing of multiple transfer deeds is done away with. See similar questions...

NRI can open a demat account with any Depository Participant . The NRI needs to mention the type ('NRI' as compared to 'Resident') and the sub-type ('Repatriable' or 'Non-Repatriable') in the account opening form collected from the Depository Participant. No permission is required from RBI to open a demat account. Holding securities in demat only constitutes change in form and does not need any special permission. No special permission is required. See similar questions...

Ans. The process of opening an account with a DP is similar to the opening of a bank account. You can approach any DP of your choice and fill up an account opening form. At the time of opening an account, the DP will sign a standard agreement with you, which details the rights and duties of both yourself and your DP. Ans. No, The Depository has not prescribed any minimum balance. In fact, you can even have zero balance in your account. See similar questions...

No. Depository / DP can be chosen by investor as per convenience irrespective of the DP of the broker. Can an investor open a single account for securities owned in different ownership patterns such as securities owned individually and securities owned jointly with others? No. The demat account must be opened in the same ownership pattern in which the securities are held in the physical form. e. g. See similar questions...

Yes, you can open 4 free Demat Accounts with your SuperSavings Account. We will waive the account opening charges for all 4 Demat Accounts. Plus, our charges on the Demat services are amongst the lowest in the industry. No. Apart from International Debit cum ATM Card, all other services come to you free of charge. These services have been introduced to make banking a convenient and a hassle-free option for you. See similar questions...

A client identifier can be any combination of letters and numbers, with a maximum length of 35 characters. It is necessary to enter a Client ID whether you use Sign-On or My Sign-On. You can use a client identifier to associate a research session with a client, but even if you're not researching for a specific client, you must still enter some value into the Client ID field to sign on. See similar questions...

The requirements are the same as that of opening an individual demat account except that the account will be opened in the name of the KARTA. No joint holding and nomination is permitted in this account. In addition the stamp of the KARTA should be affixed at all places signed by the KARTA. PAN copy of both the HUF and Karta is required to be submitted. Also Coparcener's declaration stating the name of the Karta and their relationship to the Karta is to be mentioned. See similar questions...

The requirements are the same as that of opening an individual demat account except that joint holder and nominee cannot be appointed. In addition photograph of the minor and the guardian, proof of identity and address of the guardian and the proof of age (copy of birth certificate) of the minor is required. PAN of the Guardian to be provided. See similar questions...

per SEBI guideline trading in the securities on the exchange is permitted in demat mode only.Securirties allotted in an IPO can only be in the demat mode and will be credited to the demat accounts of the allottee.So it is necessary for investord to have a demat account to apply in an IPO. See similar questions...