Demat Services
Overview
Paper securities are passé. Enter the world of dematerialised shares, bonds and other securities. Convert your securities to dematerialised form with IDBI Bank Demat Account.
(IDBI is a Depository Participant registered with both National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL))
- IDBI Bank Demat Account is one of the easiest, safest, and most convenient ways of storing your investments.
- Now Open your Demat Account online without any charges.
- Get comprehensive investment solutions, all under one roof. IDBI Bank Demat Account is ideal for Novice, Traders, Long term Investors too.
10 Reasons why you need to open a Demat Account?
A Demat account has become a necessity for all category of investors for the following:
- SEBI has made it compulsory for trades in all listed scrips to be settled in Demat mode.
- As per Ministry of Corporate Affairs notification dated September 10, 2018; it is mandatory for every unlisted public company to issue the securities in dematerialized form and facilitate dematerialization of all its existing securities. It is a safe and convenient way to hold securities compared to holding securities in physical form.
- Instantaneous transfer of securities enhances liquidity.
- It eliminates delays, thefts, interceptions and subsequent misuse of certificates.
- Change of address, registration of Power of Attorney – can be effected across companies by one single instruction to the DP.
- Any number of securities can be transferred / delivered with one delivery instruction. Therefore, paperwork and signing of multiple transfer forms is done away with.
- It facilitates taking loans / advances against securities.
- Immediate credits in case of any allotment in Non-cash corporate actions such as bonus, rights issues and IPOs.
- Multiple nomination facility available in Demat account. Maximum three nominees can be appointed.
- Get a flexible and customizable solution for buying and storing your investments in equity, mutual funds, IPOs, ETF Exchange Traded Funds - Gold & index, bonds, and NCDs.
Features
Our Demat Account offers you the following features:
- Account Maintenance & Safe custody: Facilitates Maintaining Security Balance in electronic form
- Dematerialization: Facilitates converting physical share certificate into electronic balances.
- Rematerialisation: Facilitates converting the electronic balances to physical (share certificate) form.
- Account Transfers: Facilitates delivery/receipt of electronic balances consequent to market / off-market trades.
- Pledge/Hypothecation: Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
- Initial Public offer: Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies
- Disbursement of corporate benefits: Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits as bonus and rights issues.
- Security Lending: Facilitates earning extra income on your dematerialized holdings by the way of securities lending.
Advantages
A Demat account with IDBI provides you the following benefits:
- Transact Anywhere: Now operate your Demat account from any of the 1800 plus Demat enabled branches of IDBI.
- Statements by e-mail: Receive your account statement and bill by email.
- Online Demat Statements: You can now view your Demat account details, statement of holdings, statement of transactions and statement of billing online.
- NSDL e-Services: You can transfer or pledge/unpledge securities online anyplace, anytime.
- Mobile Alerts: Receive SMS alerts for all debits/credits as well as for any request which cannot be processed.
- trade@IDBICapital: In case you want an Online Trading Facility, you can have it with IDBI Capital Markets & Securities Limited. This service provides you with Online Trading A/c to give you a convenient and paper free trading experience.
- Customer Care: You can now call our dedicated Customer Care and rest assured that all your queries are taken care of.
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