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  • June 24,2018
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demat account

  • Introduction

    Introduction

    Demat account enables you to hold securities like shares, debentures, bonds, Govt. Securities, Mutual Funds etc in electronic form. A Demat account also provides facilities related to transactions in securities.

    As most of the transactions pertaining to capital market is now digitalized, holding Demat account allows to you maintain all the investments related to capital market in the Demat account. 

    A Demat account can be opened in the following categories

    • Individuals (Resident/ Non-Resident)
    • Minor
    • HUF
    • Trust
    • Corporate
    • Partnership firm & LLP
    • Banks/Institutional Investors etc.
  • Benefits & Features

    Benefits: 

    • A safe and convenient way to hold securities in Dematerialized form
    • Immediate transfer of securities
    • No stamp duty on transfer of securities
    • Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc.
    • Reduction in paperwork involved in transfer of securities
    • Reduction in transaction cost
    • No odd lot problem, even one share can be traded
    • Multiple Nomination facility
    • Change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately
    • Transmission of securities is done by DP eliminating correspondence with companies
    • Automatic credit into Demat account of shares, arising out of bonus/split/consolidation/merger etc.
    • Holding investments in equity and debt instruments in a single account.
    • Direct credits of IPO/ Issues allotment
    • Mutual Funds & Sovereign Gold Bond can also be dematerialized or directly taken in the Demat account

    Features:

    • Dematerialization & Re – Materialization .i.e. converting physical certificates into electronic form and vice - versa
    • Redemption of Mutual funds
    • Electronic settlement of trades
    • Linking of Demat account with Internet Banking & Mobile Banking
    • Electronic credit
    • Pledge/Hypothecation i.e. blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares
    • Facilitates direct credit of security balances into DP account on allotment through IPOs/ Rights issues etc.
    • Credit of security balance into DP account on account of non-monetary corporate benefits as bonus etc.
    • Modification in Demat account: Contact Details, Nomination, address, name change, signature updation, Bank account details updation, Aadhaar updation etc.
    • Transmission/ Death claim cases
    • Closure/ freezing & unfreezing of Demat account
    • SMS alert facility provided by depositories (all Debit alerts and credit alert in case of IPOs, Rights Issues etc.)
    • The depository also sends Consolidated Account Statement (CAS) to all Demat customers in case of transactions made during the month. The said CAS facility can also be availed on the registered email ID with the Demat account (e-CAS)
    • ASBA applications (for IPOs) through all Branches of the bank and also through Internet Banking
    • Execute transactions from anywhere through the Online Trading Portal

    Online Trading Partners:

    • Kotak Securities Ltd.
    • IDBI Capital Markets & Securities Limited
    • Geojit Financial Services Ltd.
    • Karvy Stock Broking Ltd.

    VALUE ADDED SERVICES

    For NSDL

    • SPEED-e for submitting delivery instructions directly on the Internet through SPEED-e website https://eservices.nsdl.com
    • IDeAS (Internet-based Demat Account Statement) for viewing balances and transactions in account updated on an online basis with a delay of maximum 30 minutes.
    • STEADY (Securities Trading - information Easy Access and Delivery) for brokers to deliver contract notes to custodians and/or fund managers electronically.
    • SPICE (Submission of Power of attorney based Instructions for Clients Electronically)- Clearing Members (Clients who have given Power of Attorney (POA) in favour of the Clearing Member) can submit auto pay-in instructions to Participants (where Clients maintain demat accounts) on SPEED-e facility to debit the demat accounts of the Clients and credit their Clearing Member (CM) Pool Accounts. Thus, eliminating the need to give paper based delivery instructions to the Participants.
     

    For CDSL

    • Easi provides facility of viewing/ downloading / printing of statement of holding with valuation, details of transactions, status of delivery instruction in demat account.
    • Easiest - You can transfer securities from your demat account through Internet. By registering to easiest you can also avail of all the facilities offered through easi'.
    • TRUST (Transactions Using Secured Texting): Beneficiary Owner can send an SMS to confirm delivery instructions uploaded by the Broker for trades done on a stock exchange through any mobile phone with Android Operating System (OS). On giving confirmation through TRUST, BOs need not submit a physical DIS to their DP for market related transactions.
     

    Demat The Mutual Fund Unit

    Now Mutual Fund unit can be Dematerialized into the existing Demat Account, for availing this service you can submit the duly filled "Mutual Fund Dematerialization Form" along with the latest Mutual Fund "Statement of Account" at the our Demat Branches.

  • Opening a Demat Account

    Opening A Demat Account

    How can I open this account ?
    To avail the services of a depository an investor is required to open a Beneficial Owner (BO) account with a Depository Participant (DP) of any depository.
    Please visit your nearest Oriental Bank branch and fill the account opening form. The account opening form must be supported by copies of any one of the approved documents which serve as proof of identity (POI) and proof of address (POA) as specified by SEBI.
    Please carry original documents for verification

    From where can I get your Account opening Form?

    You can receive our account opening form from your nearest OBC Demat Branch or download via links below:

  • Queries / Complaints
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