Indian Bank DP Services

Can you provide me the details of the DP (Depository Participant) Services offered by Indian Bank for its customers?

[pawan]

Indian Bank has become a Depository Participant with NSDL. One can now obtain depository services through the Bank. Just as one opens a bank account, an investor can open Demat account with us to avail of depository facilities.

Basic Services

Dematerialisation i.e., converting physical certificates to electronic form

Rematerialisation i.e., conversion of securities in Demat form into physical certificates.

Receipt in of shares purchased and delivery out of shares sold in electronic form

Pledging / hypothecation of dematerialized securities against loan;

Electronic credit of securities allotted in public issues, rights issue;

Receipt of non-cash corporate benefits such as bonus, in electronic form;

Freezing of Demat accounts, so that the debits from the account not permitted;

Nomination facility for Demat accounts

Services relating to change of address;

Effecting transmission of securities;


Open a Demat Account

To open a Demat Account you have to submit

Proof of identity & proof of address by way of Passport / Ration Card / Voters ID Card / Driving License

Passport size photograph

Bank account details viz account no, branch & MICR code

PAN Card is mandatory for opening a Demat Account.

Originals of the above documents along with copies are to be produced at the time of opening the account.