Demat

Our Bank is offering Demat services for the benefit of the customers. Demat services offer a secureand convenient way to keep track of your securities and investments. Through this facility, customerscan open Demat accounts with us through our Designated Branches mentioned hereunder and hold their securities in electronic form.

We are working as a Depository Participant of ‘National Securities Depository Ltd.’ (NSDL).

List of Branches providing Demat Services:

Advantages of opening a Demat account and keeping the securities in dematerialized form:

• Immediate transfer of securities;
• No stamp duty on transfer of securities;
• Elimination of risks associated with physical certificates such as bad delivery , fake securities , etc.;
• Reduction in paperwork involved in transfer of securities;
• Reduction in transaction cost;
• Nomination facility;
• Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately;
• Transmission of securities is done by DP eliminating correspondence with companies;
• Convenient method of consolidation of folios/accounts ;
• Holding investments in equity, debt instruments and Government securities in a single account;
• Automatic credit into demat account, of shares, arising out of split/consolidation/merger etc. For detailed

For detailed information please refer F.A.Q. For viewing balances and transactions in demat accounts, please use the “IdeAS” facility. Please avail the cost free “SMS Alert Facility” by registering your mobile number with us.