1) 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/CDSL on the same Day......................issued in the interest of investors.
2) No need to issue cheques by investors while subscribing to IPO. Just write the bank account n umber and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remain in investor's account
3) KYC is one time exercise while dealing in securities markets - 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.
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.
Online Trading Partners:
VALUE ADDED SERVICES
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.
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:
What will it cost me?
Where are Demat Branches Of Oriental Bank of commerce?
What should I do in case of queries/complaints?
For Complaints pertaining to Demat Services please e-mail at firstname.lastname@example.org, email@example.com or write to us at ORIENTAL BANK OF COMMERCE, DEPOSITORY SERVICES, 67, SONAWALA BUILDING, BOMBAY SAMACHAR MARG, OPP. BSE BUILDING, FORT, MUMBAI 400023.