DEMAT Account In Lakshmi Vilas Bank

Does DEMAT Account service avail in Lakshmi Vilas Bank, if yes then I would like to open this account there for trading purpose ??

[Shaleen]

Yes DEMAT Account service avail in Lakshmi Vilas Bank, Demat Account is an account which holds the Beneficial Owner's (BO's) securities in electronic form. There are many advantages in opening a Demat account and keeping the securities in dematerialized form.

Advantages of Lakshmi Vilas Bank DEMAT Account

Lakshmi Vilas Bank DEMAT Account is a safe and convenient way to hold securities compared to holding securities in physical form.

This account eliminates damage, loss, theft and misusage of physical certificate

No stamp duty is levied on transfer of securities held in Demat form.

Change of address, registration of Power of Attorney etc can be effected across companies by one single instruction to DP.

Shares can be traded and transferred even in single number which was not possible earlier

Other Lakshmi Vilas Bank services
DEMAT and Trading Account Opening.

Transfer of Shares(Market & Off Market)

Dematerialization (DEMAT) of shares ( Physical to electronic form)

Account/ISIN/Quantity level freeze and unfreeze of Accounts

Change of address and change of bank details

Nomination related queries-Change of nomination/deletion of nomination

Creation of pledge/Hypothecation, Closure of Pledge/Hypothecation

Rematerialization of shares in their account. (Electronic form to Physical form)

Transmission of Shares/Transposition of shares

Securities Lending and borrowings

Closure of DEMAT Accounts.

General enquires on statement of holdings of their DEMAT account/bills etc.

Other related queries on DEMAT