Demat Account India
Karur Vysya Bank is a registered member (Depository Participant) of National Securities Depository Ltd. (NSDL). Karur Vysya Bank has been enrolled as a Depository Participant by NSDL; India's first depository. You can avail of all your depository-related services and maintain a Demat Account in India by just opening an account with NSDL through Karur Vysya Bank.
For further inquiries, please mail to email@example.com
Prevent unauthorized transactions in your Demat account. Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account directly from NSDL on the same day – issued in the interest of investors
The first step to dematerialize your shares is to open an account. You may open a demat account either to convert your physical certificates to electronic form, to deal in the secondary market or to apply for Initial Public Offers (IPOs).
Following entities can open a Demat account:
- Resident Individuals
- Private Limited and Public Limited Companies
To open a Demat account you need a PAN card and you have to open a bank account with KVB.
Now customers of KVB have the convenience of subscribing for IPOs without parting with their money and waiting for refund orders. KVB is one of the few banks in the country to offer the facility of ASBA.
- ASBA is an alternative mode of payment in Public/Rights issue
- On submission of ASBA application, the application money remains blocked in the account of the investor till finalization of the allotment
- ASBA facilitates earning of interest on the application money in SB Account till the amount is transferred to the Registrars on allotment
- No need to write cheques or purchase Demand Drafts
- No hassle of Refund Orders and encashment of the same
- Application form
- Pan card copy
- Valid Identity Proof
- Valid Address Proof
You can download the account opening forms from kvb.co.in and submit them at any of our branches that offer Demat services.
You can also visit any KVB branch that offers Demat services to open a Demat account.
There is no fee to open a Demat account and the first years maintenance charges are waived.
However, a nominal fee will be levied towards services, as per our tariff.
To convert physical certificates to electronic form you need to submit Original Certificates along with a duly filled in Demat Request form to any KVB branch that provides Demat services.
The Demat request form should have the following details and should be filled in triplicate:
- Client ID
- Name of the account holder
- Security name
- ISIN Code
- Quantity and no. of certificates
- Folio number, Certificate number, Distinctive numbers
- Signatures of account holders
- Transposition form, if applicable
- Transmission along with Demat form, if applicable
- Name, as on certificates, should match with those in the Demat account
- Quantity, Number of certificates, folio number, certificate numbers and distinctive numbers should match with that written on the Demat request form
- Separate forms required for each class of security i.e. equity/preference etc.
Whenever you want to transfer shares, you need a transfer instruction slip. If share ownership is transferred to a broker account by selling the shares on the stock exchange it is called market instruction, whereas, if you transfer shares to your family or friends account it is called off market instructions.
The person receiving the shares can have a Demat account either with National Securities Depository Limited (NSDL) or Central Depository Services (India) Limited (CDSL).
If the buyer and seller of the shares have Demat accounts with same depository it is called Intra Depository instruction or within depository instruction.
If the buyer and seller of the shares have Demat accounts with different depositories then the transfer is called Inter Depository instruction and clients have to submit Annex L / Annex N in the demat designated branches of KVB.
- Identify whether Market/Off Market/ Inter Depository
- For Market / Off Market you need to submit Annex L
- For Inter Depository you need to submit Annex N
- If it is a Market trade you need to write CMBP ID / CM Name/ Market Type/ Settlement Number
- If it is off market trade you need to write the receiving persons Client ID along with Depository ID ===DP ID
- Always write the International Securities Identifying Number (ISIN)
- The quantity in figures and words should match
- Correction should be authenticated
- If Joint Holding All Holders Should Sign