DEMAT Account State Bank Of Hyderabad

Hii sir, I Wants to get the Information about the Demat Account Services of the State bank of Hyderabad ?

[pawan]

As you asking for the about the Demat Account Services of the State bank of Hyderabad let me tell you that the State bank of Hyderabad is merged into the State bank of India So Here I am giving you the Information About the Demant Account of the State bank of India

The Details of Demat Account Services of the State bank of Hyderabad is given below

About the Demat Account

Demat and Online Trading account will be held in the books of SBI Cap Securities Ltd.However, existing demat customers of SBI will continue to get the services from SBI as before. SBI is a Depository Participant registered with both National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL) and is operating its DP activity through more than 1000 branches.

Features

Features & Benefits of a Demat Account
As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits:
Account Maintenance & Safe custody: Facilitates Maintaining Security Balance in electronic form

Dematerialization: Facilitates converting physical share certificate into electronic balances.

Rematerialization: Facilitates converting the electronic balances to physical (share certificate) form.

Account Transfers: Facilitates delivery/receipt of electronic balances consequent to market / off-market trades.

Pledge/Hypothecation: Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
Initial Public offer: Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies

Disbursement of corporate benefits: Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits as bonus and rights issues.

Security Lending: Facilitates earning extra income on your dematerialized holdings by the way of securities lending.

Benefits

Customer Care: You can now call our dedicated Customer Care 24X7 and rest assured that all your queries are taken care of.
Transact Anywhere: Now operate your Demat account from any of the 1000 plus Demat enabled branches of SBI.
Statements by e-mail: Receive your account statement and bill by email.

For more Information you may contact to the nearest branch of the State bank of India