No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
NOTE: CITIZENCREDIT Co-op Bank is not a part of ASBA accounting. This is only for information purpose
Prevent Unauthorized Transactions in your demat account---> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....................... issued in the interest of investors.
KYC is one time exercise while dealing in securities market - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.,) you need not undergo the same process again when you approach another intermediary.
A new facility is being offered by the Bank to our Demat customers called SPEED-e Direct
SPEED-e Direct is a facility wherein you can directly execute your Delivery Instructions electronically online on the NSDL website. This would enable you to put through Delivery Instructions without having to submit them physically to the branch.
For details, information and on-line registration you may visit our branch offices or log on to https://eservices.nsdl.com
Launch of e-DIS facility for pay-in instructions on SPEED-e (for password based users.)
NSDL vide its policy no NSDL/POLICY/2014/0002 dated 06.01.2014 has launched an e-DIS facility for pay-in instructions on SPEED-e for password based users. As per the policy, SPEED-e facility is further enhanced to facilitate password based users to confirm Pay-in related instructions on SPEED-e facility based on the instructions uploaded by pre-notified Clearing Members on SPEED-e. Clients opting for e-DIS facility on SPEED-e will not be required to enter instruction details on SPEED-e, obviating data entry errors and consumption of time for entering the data on SPEED-e. For details, information and online registration you may visit our branch offices or log on to https://eservices.nsdl.com.
We also provide to our Demat customers the following:
1. Dematerialization and Rematerialization of certificates.
2. Conversion of Mutual Fund units into demat form.
3. Pledge and Hypothecation of securities.
4. Nomination Facility.
5. SMS Alert Facility.
6. IDeAS (Internet based Demat Account Statement) facility for viewing the latest balances with valuation.
|KYC Registration Charges||Rs.50/- per form|
|Demat Charges||Rs.3/- per certificate (subject to a minimum of Rs.50/- per form)|
|Remat Charges||Rs.50/- per certificate|
|AMC for Individual A/c||Rs. 480/- p.a (to be recovered upfront)|
|AMC for Corporate A/c||Rs. 800/- p.a (to be recovered upfront)|
|AMC for BSDA A/c||
FOR DEBT SECURITIES
NIL for value of holdings upto Rs. 1,00,000/-
Rs.100/- (for value of holdings between Rs. 1,00,001/- to 2 lacs)
FOR OTHER THAN DEBT SECURITIES
NIL for value of holdings upto Rs. 50,000/-
Rs.100/- (for value of holdings between Rs. 50,001/- to 2 lacs)
|Creation/Closure/Invocation||@ 0.03% of the transaction value (minimum Rs.50/- per scrip)|
|Failed Instructions||Rs.25/- per scrip|
|Late Charges||Rs.100/- per occasion|
|Stop Charges||Rs.100/- per scrip|
|Market Sale||@ 0.04% of the transaction value (minimum Rs.40/- per scrip)|
|Off Market Sale||@ 0.04% of the transaction value (minimum Rs.40/- per scrip)|
|Interdepository Sale||@ 0.04% of the transaction value (minimum Rs.40/- per scrip)|
|Transaction Charges||@ 0.03% of the transaction value (minimum Rs.30/- per scrip)|
|Freeze Instruction||Rs.100/- per transaction (only for e-token users)|
|E-token (USB device)||At Cost|
The conversion of physical certificates of an investor into the electronic form is Dematerialisation, popularly known as Demat.
A Depository is an organisation, which holds your securites in the form of electronic accounts, the same way as a bank holds your money.
A Depository Participant (DP) is an authorised agent of the Depository that interacts with the investor. It maintains the client's securities account balance.
Holds securities in an electronic form
Settlement of market and off-market trades
Facilitating pledge of securities
Electronic credit on new share allotments
Shares, Bonds and Mutual Funds can be dematerialised. Major UTI Scheme certificates can also dematerialised.
1. No risk of mutilation or loss of physical securities
2. No risk of theft or fraud associated with physical securities
3. No delays in transfers
4. No bad deliveries of securities
5. No risk of receiving fake/ forged/stolen certificates
6. Eliminates transfer deeds and consequently reduces paperwork
7. No stamp duty of 0.5% as applicable on physical transfers
8. Investment is highly liquid, as there is shorter waiting period
9. Payments are much faster on securities sold in electronic form
10. No question of verification of genuineness of holding while obtaining loans/advances against the same
11. Facility to pledge the securities
12. Loans maximum upto 50% of the market value of the security can be raised
13. No problem of odd lots, even one unit is marketable
14. Faster disbursement of corporate benefits
For any query please email to email@example.com
For complaints regarding demat write to firstname.lastname@example.org
Further escalate if required to email@example.com
If not satisfied with the above replies escalate to https://www.scores.gov.in
a. Register on SCORES portal
b. Mandatory details for filling complaints on SCORES
i. Name, PAN, Address, Mobile Number, E-mail ID
i. Effective Communication
ii. Speedy redressal of the grievances
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