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.

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.

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.

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.

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.

You should give Standing Instructions for 'Delivery-In' to your DP for accepting shares in your beneficiary account. You should give the details of your beneficiary account and the DP-ID of your DP to your trading member. The trading member will transfer the shares directly to your beneficiary account on receipt of the same from the Clearing Corporation.

The shares that have been bought and subsequently sold under BNST-G would be first credited and then debited from your Demat account as per normal pay in and pay out. You would not be required to do anything different from your normal transaction.

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.

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.

The credit of the shares allotted to you,should be completed within fifteen working days after allotment by the Company from the date of closure of the issue, For.E.g.if the issue has closed on the 14 th,then the credit of shares to your account should happen by the 29th and you should be able to confirm this on th 30th with DP.

Yes. For the purpose of determining ownership of holding, the first holder is taken into account. Hence, even though other joint holders may be persons resident in India, the sale proceeds of such securities can be repatriated in case the first holder is permitted to repatriate funds.

Applying for Indian Income Tax Permanent account number (PAN) number is a precondition for a Demat account. To get your PAN number please visit www.incometaxindia.gov.in. Once you have your PAN number, please send the Application form for Demat accounts with a branch at the city of your choice. (Not all branches are authorized to open Demat accounts). To know if your branch is authorized, please contact your branch or contact the Nodal officer for NRI services of your branch.

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.

Yes, Infact ADCB has a product called which offers financial assistance against pledge of your demat shares.

You may enter into an agreement with the approved intermediary, to be a lender under this scheme. After that, you may lend securities any time by submitting lending instruction to your DP.

Transmission is the process by which securities of a deceased account holder are transferred to the account of his legal heirs / nominee.

You should instruct your Depository Participant (DP) to give 'Delivery Out' instructions to transfer the shares from your beneficiary account to the Pool Account of your trading member through whom you have sold the shares. The details of the Pool A/C(CM-BP-ID) of your trading member to which the shares are to be transferred, scrip quantity etc. should be mentioned in the Delivery Out instructions given by you to your DP.

Reserve Bank of India maintains a Subsidiary General Ledger (SGL) Account for holding and trading gilts and treasury bills in dematerialised form. Banks and Primary dealers are allowed to open SGL accounts with RBI. These primary dealers in turn are permitted to offer the facility of Constituent SGL account to other non bank clients to hold these securities in a demat form.

To start with, your broker will offer you lower brokerage, as he is certain that there will be no bad delivery of certificates. This also means, your certificates will not come back with objections, minimising the cost & time involved in the transaction.

My Account allows you access to online services specific to Southern California Gas Company (“The Gas Company”) account(s). The initial online services under My Account are online billing, online payment, start service, close service, transfer service, scheduling appliance service, Level Pay Plan enrollment and Level Pay status. The Gas Company plans to add additional online services to My Account, as appropriate, in the future.