Demat Account Final
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Transcript of Demat Account Final
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GROUP -10
AYON DASGUPTA
GUNJAN AGGARWAL
NAVEEN KUMAR
RAMESH NAIR
SAPTHAMI P.V
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ABOUT THE HDFC BANK
Major Indian financial services company.
Incorporated in August 1994.
The Bank was promoted by the HousingDevelopment Finance Corporation.
HDFC Bank has 1,725 branches and over4,232 ATMs, in 779 cities in India.
As of 30 September 2008 the bank had totalassets of Rs.1006.82 billion.
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DEMAT ACCOUNT
Introduction to Demat.
Demat Process Explanation
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DEMAT ACCOUNT PROCESS
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PROCEDURE TO OPEN A DEMAT
ACCOUNT
Fill account opening form
Sign an agreement with the DP
Required documents including address
proof
Allocation of unique BOID
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REQUIREMENTS FOR DEMAT ACCOUNT
One Passport size photograph,
Proof of address like Voter ID card, electricity bill or
Ration Card
Employee ID Card, Bank attestation and Latest IT
Return
Share certificate(s) to DP. DP would forward them to
the issuer / their R&T Agent.
Deface the share certificate(s) you want to
dematerialize by writing across Surrendered for
dematerialization PAN Card (proof of identity) .As of April 2006 it is
mandatory, if any person want to open a demat account
should have a PAN CARD (Permanent Account
number) . Without a PAN CARD you are not be
eligible to open a Demat account
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CHARGES FOR DEMAT ACCOUNT
CHALLAN FOR DEMAT-
For 1st year- free
For 2nd year onwards-RS 500 pa
For trading account-RS 799 (one time
payment)
Has separate registration charges
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SERVICES/BENEFITS OF DEMAT ACCOUNT
1.Settlement of Securities traded on theexchanges as well as off market transactions.
2.Shorter settlements thereby enhancing liquidity.
3.Pledging of Securities.
4.Electronic credit in public issue.
5.Automatic Credit of Rights / Bonus / PublicIssues / Dividend credit through ECS.
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SERVICES/BENEFITS OF DEMATACCOUNT(CONTD.)
6. Automatic Credit of Public Issue refunds to the bankaccount.
7. No stamp duty on transfer of securities held in demat
form.
8. No concept of Market Lots.
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CONTuu
9. Change of address, Signature, registration of
power of attorney, transmission etc. were been
effected ; now held in demat form by a single
instruction to the DP.
10. Holding / Transaction details through Internet
/ email.
11. It avoids holding of physical forms of shares
and there is no threat of loss, misplacement or
theft of the same
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FOR EXAMPLE, A PERSON OWNING 100 SHARES
IN ABC LTD. In NSDL depository system, the record of
ownership will be shown as:
ISIN INE 475C 01 012 ABC by demat 100
IN - India
E - Company Last digit - check digit
First four digits 475C - Company serial number;
01 - equity (it can be mutual fund units, debt or
Government securities); 01 - issue number;
2 - check digit.
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