Ddwynjgyndmzm: Top of Form
Ddwynjgyndmzm: Top of Form
Ddwynjgyndmzm: Top of Form
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DEPOSITORY SERVICES
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ONLINE TRADING
What is a Depository A Depository is an organisation which holds investors' securities in electronic form. The depository also provides services related to various transactions in such securities. A depository interfaces with its investors through Depository Participants. Depository Participants maintain investors' accounts (demat accounts) which are similar to Savings Bank/Current accounts with a Bank. Purchase and sale of securities can be done through demat account. Presently there are two depositories in India viz., NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Ltd). Our Bank is a Depository Participant of NSDL. Why Demat Account Advantages of opening demat account: 1. 2. 3. 4. 5. 6. 7. 8. 9. Shares are held in electronic form No need to safe keep share certificates; No need to remember record dates of various companies Immediate transfer of securities No stamp duty on transfer of securities Risk of bad delivery, fake securities eliminated Reduced paper work for transfer of securities Reduced transaction cost Nomination facility available
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10. Automatic noting of change of address (updating changed address in the demat account will have the effect of updating changed address with all companies, the shares of which is held / will be held in electronic form). 11. Easy transmission of securities. It is sufficient to submit one set of claim papers to DP for transmission of all securities lying in demat account of the deceased. 12. Automatic credit of Dividend / bonus shares 13. INVESTMENT IN VARIOUS MUTUAL FUNDS MAY ALSO BE HELD IN DEMAT ACCOUNTS 14. SMS alerts will be sent by NSDL upon occurrence of the following events, where mobile telephone numbers furnished by clients is captured by DP in the DPM system and SMS flag is ticked: All Debits and credits (transfers); Credits for IPO, sub-division and bonus Failed instructions; Overdue instructions Change of mobile number; Change of address Credit / debit of Mutual Fund Units
15. NSDL has launched ACE (Alerts to Clients through Email) for sending e-mails whenever change of address is noted in DPM system. 16. IDeAS (Internet based Demat Account Statement) FACILITY FOR VIEWING AND DOWNLOADING BY DP CLIENTS. Advantages of Opening Demat Account with Canara Bank Multi locational services across the country Competitive charges Customer friendly service IDeAS (Internet based Demat Account Statement) facility available for viewing and downloading transaction statements from internet.
Online trading facility (OLT) is offered in association with our own broking subsidiary viz., M/s Canara Bank Securities Limited. A wide range of online services like BCSBI's Code | Grievance Redressal | Customer Education | Basel II Disclosures | RTI Act | Regulations | Browser Compatibility | trading in securities, subscription to IPOs, investment in Mutual Funds, trading in Disclaimer Future & Options segment, trading in currency derivatives is offered to our OLT Bottom of Form clients. For details customers may be advised to log in to canmoney.in or canarabank.com. Services available: 1. 2. 3. 4. 5. Account opening Dematerialisation Transfer of securities Pledge services Freezing and un-freezing the depository account
6. Nomination facility
Documents required for opening depository (Demat) account 1. 2. Prescribed application form, DP agreement, Tariff Sheet, duly signed Pass port size photo of self and of nominee - PAN Card (Mandatory)- original to be produced for verification
Charges: 1. 2. 3. 4. Account opening charges - NIL Annual account maintenance charges Rs.200/- + service tax Demat Charges Rs.2/- per certificate (Minimum Rs.10/-) and courier charges Rs.25/- extra Transaction Charges : Purchase NIL Sale** - 0.020% - Min. Rs.20/-; Max. Rs.500/-
5.
Pledge Charges : Creation / Confirmation : Rs.50/- per ISIN Closure / Invocation : Rs.25/- per ISIN
** For OLT Clients- 0.015%: Minimum - Rs.15/- & Maximum-Rs.375/- (OLT- On Line Trading Facility) Address & Telephone Nos. of Bangalore Central DP Cell & Service Centres AGRA - M G Road 71, Nehru Nagar, M G Road, Agra- 282002