Punjab National Bank Demat Account

Hello sir I want to know that How to open a Demat account in (PNB) Punjab National Bank please tell me please tell me ??

[Shaleen]

Punjab National Bank is one of the nationalized banks that offer excellent Demat services.

Being a reservoir participant of NSDL and CSDL, it can give you excellent depository services, which are safe and easy to execute.

Such services offer you security and convenience, while holding your securities at 500 branches pan India.

PNB Demat Account

Now if you are planning to have a Demat Account from Punjab National Bank then it may be your best option as the user border is easy with good customer support, however you must be aware of the fact that you will have to spend time in order to learn it if you are novel into share market.

How to open a Demat account in PNB-

You may approach the authority in the authorized branches with your application to open the account.

You need to produce evidence of address and identity along with the filled in application form (click here to download) and passport size photograph in order to open the account.

You may download the PNB Demat account application form in PDF format here and make sure to fill it up properly with dematerialization and submit to the adjacent branch.

Charges for Demat account opening

You need not pay anything for opening the account except the stamp charges.

For account maintenance, PNB charges you Rs 250 per annum and Rs 115 per annum if you are an employee of the bank.

Account maintenance charges for institutions are Rs 350 per annum.

For dematerialization, you pay Rs 2.25 per certificate including postage. The minimum charge for this is Rs 25.

For creation of pledge you will pay Rs 60 per instruction.

In case you want to adapt the account, you will pay Rs 50 per request.

PNB does not charge anything for closing a pledge.

So far as Demat is concerned, PNB specializes in giving the following services;

It may offer you the privilege of opening a Demat account.

Both the facilities of dematerialization and dematerialization are available with PNB.

It gives settlement of trades’ settlement of off-market trades.

It may offer you electronic credit for securities given to IPO.

You may get non-cash corporate benefits. The benefits are sanctioning and providing allotment of bonus and right shares and splitting of stocks etc.

It may do pledging and un-pledging of securities.

It may help with periodical statements of accounts.

You may login to and get form for submission.

Punjab National Bank offers 3-1 accounts by integrating three services in one account.

It is bank account, demat account and trading account.

You may ring up 011-237150009, 23739839 or send you mail to pnbdepository@pnb.co.in to have answers to your inquiries about demat services.