30 Apr 2017 | 12:55 PM
 
Existing Customer

FAQs - Depository Account

Why do I need to have a depository account?
  Depository account is like a bank account wherein you hold your securities (shares, mutual funds, ETF, bonds, government securities etc.) in electronic form.

The benefits of opening a depository account are:
  • Immediate transfer of securities
  • Elimination of risks associated with physical certificates such as bad delivery, fake securities, etc.
  • Reduction in paperwork involved in the transfer of securities.
  • Reduction in transaction cost.
  • Availability of Nomination facility
  • Change in address recorded with DP gets registered electronically with all the companies in which the investor holds his/her securities eliminating the need to correspond with each of them separately.
  • Transmission of securities done by DP thus eliminating correspondence with companies.
  • Convenient method of consolidation of folios/accounts
  • Facility to hold investments in equity, mutual fund ,debt instruments and Government securities in a single account
  • Automatic credit into demat account of shares, arising out of split/consolidation/merger, etc.
   
How can I verify that my depository account is registered / linked with my trading account?
  With the activation of trading account, you’ll receive a welcome kit containing the profile sheet.

Profile sheet of trading account contain the details of depository account linked/registered with your trading account.
   
How a depository account is different from a trading account?
  Depository account is like a bank wherein you store all your holding in electronic form in your own name. You can’t buy/ sale shares in a depository account from exchange.

To buy/ sale securities, bonds from exchange a trading account is required to be activated with a registered broker. All securities purchased in trading account gets credited in electronic form in the customer’s depository account.
   
What are the different type of holdings, investments I can hold in my depository account?
  You can hold Shares, Bonds, Mutual Fund units, Government Bond, Infrastructure Bonds, ETF also in your depository account.
   
Other FAQs
Passwords
Order & Trade
Online / Internet Trading
Trading Segments
Trading Products
Margin
Pool Account
Stock
Funds
Linking of Bank / Demat Account
Trade Reports / Contract Notes
Depository Account
Delivery Instruction Slips / Stock Transfer
Physical Certificates/ Dematerialization
Settlement
Settlement of Trades
Nomination
Service Branch & Relationship Manager
Contact Details Updation (Change of E-mail / Mobile Updation/ Address)
Dormant
Power of Attorney
Corporate Action
Signature Change
Customer Services
Account Closure
Trading FAQs