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Frequently Asked Questions

How do I receive demat shares in my beneficiary account towards my purchase transaction?

CD EQUISEARCH ::
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.

How would the movement of shares transacted for in BNST-G reflect in the Demat account?

Kotak Securities Ltd. Online Trading
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.

WHEN DOES THE CREDIT OF SHARES TO YOUR DEMAT ACCOUNT HAPPEN?

Intime Spectrum
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.

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.

Can I pledge demat shares?

Abu Dhabi Commercial Bank ::: On-line
Yes, Infact ADCB has a product called which offers financial assistance against pledge of your demat shares.

How do I pay-in demat shares towards my sale obligation?

CD EQUISEARCH ::
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.

Do I get any benefits if I sell my shares in the Demat form?

FAQ - Virtual Stock Market
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.

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.

Are the shares of SPIC in compulsory demat? Even so, can I hold the shares in physical form?

SPIC Nourishing Growth
SPIC's shares are compulsorily in dematerialized form. However, you may hold these shares in physical form.

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.

What happens if the shares are not bought in the auction?

CD EQUISEARCH ::
If the shares could not be bought in the auction i.e. if shares are not offered for sale in the auction, the transactions are squared up as per SEBI guidelines. As per the guidelines in force, the transaction is squared up at the highest price on the NSE from the relevant trading period till the close-out day or at 20% above the last available trading price on

When does payment have to be made for shares bought?

Online Stock and Share Trading-POEMS
payments must reach us no later than 3 market days from the date of transaction by 5.00pm. If payment is not received by due date, the contract will be forced-sold by the company without notification.

Can I get shares through Initial Public Offer in demat form?

Abu Dhabi Commercial Bank ::: On-line
YES ; In the initial public offer form (of Depository eligible companies), there is a provision to mention the client id and the depository id. You can fill these columns and if you are allotted the shares, they will be credited directly to your account in electronic form.

Can one deliver the shares in the physical form where only demat deliveries are permitted?

Yes! The investors can sell and deliver the scrips in the physical form where only demat deliveries are permitted. The Exchange settles such transactions under the Exit Route Scheme announced for scrips in compulsory demat delivery for all investors. The transactions of this type, which are executed in "C" group at the Exchange system, are settled on Trade-to-Trade basis, i.e., without netting of buy and sell position in the same scrip.

Is it possible to convert my demat shares into physical certificates. If yes, how?

SPIC Nourishing Growth
Yes, you have the option to convert either fully or part of the demat shares into physical certificates. You must submit a Rematerialization Request Form (RRF) to your DP. SPIC will issue the physical share certificates within 30 days on receiving the order from the DP.

If I demat my shares, how will I get my annual report/ dividend and other benefits?

SPIC Nourishing Growth
Based on data of SPIC demat accounts provided by the DPs, SPIC dispatches the dividend/annual report to share owners.

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.

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.

Where do Index Shares initially come from?

Index Shares - overview
Index Shares are "created" by large investors and institutions in block- sized units of shares (or multiples thereof) known as "Creation Units" of a respective Index Share. A creation requires a deposit with the trustee of a specified number of shares of a portfolio of stocks closely approximating the composition of a specific index and cash equal to accumulated dividends in return for specific Index Shares.
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