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Depository services
Do’s
Accept the DIS book from DP only if each slip has been pre-printed the a serial number along with your demat account number and keep it in safe custody.
Always mention the details like ISIN, number of securities accurately. In case of any queries, please contact DP or broker.
Ensure that all demat account holder(s) sign on the DIS.
Please strike out the any blank space on the slip.
Cancellations or corrections on the DIS should be initialed or signed all the account holder(s).
Submit the DIS ahead of the delivery date for all type of market transactions.
Intimate any change of address or change in bank account details to DP immediately.
Before sending securities for Demat, record the distinctive numbers of the securities sent.
Before granting Power of Attorney to anyone, to operate your demat account, carefully examine the scope & implications of powers being granted.
The demat account has a nomination facility and it is advisable to appoint a nominee, in case of sole account holders.
Ensure that, both, your holding and transaction statements are received periodically as instructed to DP. You are entitled to receive a transaction statement every month if you have any transactions and once a quarter if there have been no transactions in your account.
Check your demat account statement on receipt. In case you notice any unauthorized debits or credits, contact DP for clarification.
Don'ts
Do not leave your instruction slip book with anyone else.
Do not sign blank DIS as it is equivalent to a bearer cheque.
Avoid over-writing, cancellations, misspellings, changing of the name and quantity of securities.
We request you to meticulously follow the above instructions, to avoid any problems in operation of your demat account.
Procedure for opening a Demat Account?
To open a Demat account you must approach your Depository Participant (DP).
Submit your KYC (Know your Client) documents(Provide a copy of your PAN card along with a copy of your passport / driving license / voter-ID card as your proof of address)
Along with filling the Account Opening form and filling all the details.
Execute the DP-Investor agreement to be made available by DP
Either you can personally visit the center or the representative will visit your place for Inperson Verification Facility.
Collect your unique account number (BO-ID) from your DP
Collect pre-printed slips both for effecting dematerialization as well as delivery of securities
Understand the cut-off timings from DP for depositing delivery instructions for trades done by you on the stock exchanges (BSE/NSE)