Depository
A Depository is a registered firm which holds investors' securities in electronic form. The depository offers comprehensive services relating to the various financial transactions on such securities. A depository offers an electronic means of interface to manage their depository accounts. These accounts are known as Demat Accounts. These accounts are similar to that of saving / current accounts in terms of operations.
Users of Demat Accounts can purchase or sale securities online. Depository offers the most effective Demat Accounts. These accounts are:
- Fully in electronic form
- Shares are purchased in electronic form
- Easiest way to hold shares instead of share certificates
- Automatic management of dates and schedules for each bunch of shares belonging to different companies
- Instant transfer of funds
- No need to pay stamp duty on the transfer of securities
- Secured and smart environment ensures safety and eliminates the risk of bad delivery and fake securities
- Fully automated and paperless transactions
- Cost-effective transactions
- Easy management of nomination facility
- Simple method to change address online
- Simple and easy transmission of securities
- Automatic credit of Dividend / bonus shares
We offer effective depository services with a dedicated team of experts and technologically-sound electronic operational interfaces. We provide a full range of Demat services such as:
- Account opening
- Account Transfer
- Dematerialization
- Re-materialization
- Pledge
- Transfer of securities
- Freezing and un-freezing the depository account
- Nomination facility
Our depository automation systems interconnects issuers, depository participants, depository i.e. Central Depository Services (India) Limited (CDSL) and clearing houses / clearing Corporation of Stock Exchanges. This effective automated connectivity enables a better and secured transfer of securities.
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