Indian Bank now offers DP Services  

ü      Indian Bank has become a Depository Participant with NSDL. The investor can now obtain depository services through us.

ü       Just as one opens a bank account, an investor can open DEMAT account with us to avail of depository facilities. 

Basic Services 

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

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

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

ü      Pledging / hypothecation of dematerialized securities against loan;

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

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

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

ü      Nomination facility for Demat accounts

ü      Services relating to change of address;

ü      Effecting transmission of securities;

ü      Other facilities viz.holding debt instruments in the same account etc., 

How do you open a Demat Account?  

ü      To open a Demat Account you have to submit

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

o        Passport size photograph

o        Bank account details viz account no, branch &  MICR code

ü      PAN Card is mandatory for opening a Demat Account.

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

For further details, please contact Indian Bank at 044 28584337 / 2858 4749 or email us at ibdps@indian-bank.com