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HIGHLIGHTS
- Direct connectivity with CDSL Mumbai.
- Get instant account number.
- Nominal account maintenance charges.
- Nominal transaction charges.
- Prompt, courteous & personalised services.
- Immediate & convenient finance against your Demat
shares.
- Demat your shares with a Bank of 60 years standing.
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WHY DEPOSITORY AND DEMAT ACCOUNTS ?
| As
per SEBI Directives, w.e.f. 02 jan 2002. All trades of shares
and securities will be settled only in Demat mode by all classes
of investors. This implies that w.e.f. 02 jan 2002 all investors
will have to open a Demat account to trade in shares and securites. |
WHAT IS A DEPOSITORY SYSTEM?
| A
Depository is an entity which holds shares of investors in the
form of electronic accounts in the same manner as a bank holds
money for depositors. Depository system is a facility of holding
and trading shares and securities in electronic mode through
a depository. |
ABOUT CDSL DEPOSITORY
| Central
Depository Services (India) ltd. , Mumbai (CDSL) is a Depository
Promoted by mumbai stock exch., calcutta stock exch., state
bank of india, Bank of Baroda, Bank of India, HDFC bank, Standard
chartered bank, union bank of india and other banks. |
BENEFITS OF DEPOSITORY SYSTEM
- No risk of
loss/mutilation/theft of shares.
- No bad deliveries.
- Immediate
transfer of shares and securities.
- Reduction
in paper work.
- Fast settlement
cycle, early pay-outs.
- No stamp Duty
for transfer of shares.
- Low transaction
cost for buying/selling of shares.
- Easy &
low interest loans against demat shares.
- Increase in
the liquidity of securities.
- Instant disbursement
of non-cash corporate benefits such as Rights/Bonus/Dividend
etc. Into Demat A/c of the investor.
- Regular account
status at any point of time.
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FACILITIES OFFERED BY A DEPOSITORY
- Opening of
Demat Accounts.
- Maintaining
holdings in the electronic form.
- Dematerialised
Securities : Convert physical shares into electronic form.
- Rematerialise
Securities : Convert electronic securities back to physical
securities.
- Effect Settlement
of shares & securities traded on stock exchanges. (Market
Trades)
- Effect Settlement
of shares not done through stock exchange. (Off-market trades)
- Facility of
pledging/hypothecating dematerialised securities for availing
loan/advance against demat shares.
- Credit electronically
public issue/rights/bonus offers.
- Nomination
facility available for Demat accounts.
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BANK OF RAJASTHANS DEPOSITORY PARTICIPANT (DP)
| Your
Bank has been authorised by SEBI as Depository Participant of
CDSL mumbai and to offer you Depository Services which provide
a safe and economical way of holding your securities and settling
trades in the demat mode. |
HOW TO OPEN DEMAT ACCOUNT WITH US (DP)
Fill
up the account opening form available with us and submit to
us with the following documents.
- Stamped agreement
duly signed and witnessed.
- Authorisation
for recovery of charges.
- Certified
copy of any of the following : Ration card/Passport/Election
ID card.
- One passport
size photograph of each account holder with his signature
across the photograph.
- Photocopy
of PAN/GIR number.
- Date of Birth
certificate (in case of minor)
- Power of Attorney
(if applicable).
- Copy of RBI
approval and proof of NRI status in case you happen to be
an NRI.
We will open
your Demat account and instantly allot you 16 digit unique
client ID number. (Demat account number) now you can use this
account for transacting in shares and securities.
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HOW TO DEMATERIALISE YOUR PHYSICAL SHARES ?
| After
having opened your Demat account with us surrender your share
certificate(s) along with Demat request form (DRF) to us against
our acknowledgment we will submit the share certificate(s) along
with the DRF form to the company/transfer agent who will deface/destory
the share certificates and credit an equivalent number of securities
into your Demat account with CDSL under information to us. We
will inform you confirming the credit of shares in your account.
The entire process may take 15-30 days. |
SALE/PURCHASE OF DEMAT SHARES
| Procedure
for sale/purchase of Demat shares is similar to physical shares
. You will instruct your broker to purchase/sell shares in demat
mode. After confirmation of sale by your broker you should instruct
us by filling instruction slips. After confirmation of purchase
by your broker you need not give us any instruction if you have
already given credit waiver instruction while opening your account.
Purchased shares will be credited automatically into your Demat
account. Payment for purchase / sale would be done in the same
manner. |
OTHER FEATURES OF DEPOSITORY
- You can maintain
ZERO balance in your Demat account.
- Accounts can
be operated by Power of Attorney Holders.
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Copyright
© 2000 The Bank Of Rajasthan Ltd.
All rights reserved.