QueryCAT Logo
Search 5,000,000+ questions and answers.

Frequently Asked Questions

Can I close my demat account with one DP and transfer all securities to my account with another DP ?

Bank of Baroda - India's International Bank - FAQs - Deposit...
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.

WHY IS YOUR DEMAT ACCOUNT NO.(DP-ID & CLIENT-ID) IMPORTANT?

Intime Spectrum
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.

Q.3. How can I, as a Demat Account-holder / Clearing Member benefit from SPEED-e?

Abhipra :: FAQ's - Speed-e
The benefit offered by SPEED-e to a demat account holder / Clearing Member is the convenience of conducting demat account transactions under the comfort of an Internet connection from anywhere at anytime eliminating paperwork. Time and efforts for obtaining and submitting delivery instruction forms to your DP and submitting them to the DP everytime you sell securities are saved.

Q.8. Can a Power of Attorney (PoA) holder operate my demat account through SPEED-e?

Abhipra :: FAQ's - Speed-e
Yes, a Power of Attorney can operate your demat account. But, for subscribing to SPEED-e service the signatures of the original account holders are must. You may not find the need for a POA to operate your account as you can now operate your account from anywhere in the world. Ans. Smart card access inherently is a superior access service to SPEED-e as compared to password access. The following are the additional benefits of having a smart card gt; Higher security.

What is a Demat Account?

Welcome to Transworld Securities Limited
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.

Where can an NRI open a demat account?

Bank of Baroda - India's International Bank - FAQs - Deposit...
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.

What if I am not the account holder?

Regular Giving FAQ - Help the Aged
We can only set up a Direct Debit instruction if the individual is the account holder. If not, then we are happy to send you a Direct Debit instruction for the Payer to complete. Please contact us on 020 7239 1983 to request this form or alternatively download it.

What should I do when I want to open an account with a DP?

Bank of Baroda - India's International Bank - FAQs - Deposit...
You can approach any DP of your choice and fill up an account opening form. At the time of opening an account, you have to sign an agreement with DP in a NSDL prescribed standard agreement, which details your and your DPs rights and duties. All investors have to submit following proof of identity and proof of addresses along with the prescribed account opening form.

Is it necessary to have account with the same DP as broker has?

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.

Can I open a Demat Account with my SuperSavings Account?

IDBI Savings Account General FAQ
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.

How do I add a joint account holder?

First Command Bank - FAQ's
To add a joint account holder, log in to OnCommand, select the message box at the top right corner of the page, and send a request that includes the joint account holder's full name, phydivsl address (no PO Boxes) and telephone number; date of birth, Social Security number, mother's maiden name, and last four digits of the account on which the joint account holder is to be added. Or, make your request by phone to Customer Service at 888.763.7600.

How do I remove a joint account holder?

First Command Bank - FAQ's
First Command Bank does not remove account holders from a joint account. Call Customer Service at 888.763.7600 to close your joint account and open a new account in your name only.

WHY IS A DEMAT ACCOUNT NECESSARY FOR APPLYING IN AN IPO?

Intime Spectrum
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.

How will I know that my DP has updated my account after each transaction?

IDBI Demat Account
Just like a bank branch, the DP will give you a passbook or a statement of account. The statement of account will be dispatched to you periodically by the DP; however the statement of holdings can be sent to you as and when requested by you.

What is dP:! all about?

FAQ: Dynamite Planted! Main FAQ - Dynamite Planted! /\ D...
Simply put, we are a community/clan that enjoys gaming together. We do not compete often, unless with clans that we have gotten to know over the past few months. We all enjoy having fun and messing around on ET, talking on Ventrilo, and playing on our Sniper Server and Frag Server. We are all here to have a good time, nothing more, nothing less.

What will the account holder get upon approval?

Alphazee
A sanction letter indicating the limit assigned, account number, brief details etc will be sent by the Bank to the accountholder at the mailing address. Simultaneously, the following will also be despatched separately

What if the driver is not the merchant account holder?

Creative Mobile Technologies, LLC. -- Frequently Asked Quest...
If the driver is not the merchant account holder, the speed at which the merchant account holder makes the funds available to the driver is based upon their own business arrangement. We are committed to providing the tools and technologies to making this process as fast and efficient as possible. The driver can use his Driver Interactive Unit to assist the passenger with credit and debit card purchases.
More Questions >>

© Copyright 2007-2012 QueryCAT
About • Webmasters • Contact