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DEMAT

Simplified conversion of physical shareholding into dematerialised form, for ease of trading

Key Features
Simplified conversion of physical shareholding into dematerialised form, for ease of trading

Account feature

Transact securities in electronic form

Account feature

No risk of theft / misplacement / loss of securities

Account feature

Quick credit of IPO / FPO / Rights / Bonus / Subdivision

Account feature

Immediate credit to Bank Account for refunds / dividends / redemptions / buy backs with zero risk of fraudulent encashment

Benefits Image

Other Benefits

  • Dematerialization available - Conversion of physical securities into electronic form
  • Rematerialization available - Conversion of electronic securities into physical form
  • Easy to change address / ECS Bank mandates
  • Nomination / Change in nomination facility
  • Transmission facility with minimum legal procedures
  • Pledge of securities, in case of Borrowing / Lending against securities
  • Instantaneous Debit / Credit of securities
  • Get statement of Holdings, as and when needed, from Depository Participant (DP)
  • Complete / Partial - Freeze / Unfreeze facility
  • Credit securities like IPO / Rights / Bonus shares
  • Pledging of dematerialized securities for availing credit facilities
  • No stamp duty on transfer of securities

Demat Account Opening Procedures - Know More

  • As per Comm no -4671 - Updation of Mobile number "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 CDSL on the same day (issued in the interest of investors)."
  • As per Comm 4677- "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
  • As per Comm - 5547- "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." 
     
  • Updated Beneficial Owner Grievance (BOG) Report monthly

 

 

Registration Number - IN-DP-287-2016

DP Name - SVC CO-OPERATIVE BANK (DP)

HO Address - SVC TOWER, J N ROAD, VAKOLA PIPELINE, SANTACRUZ EAST - MUMBAI – 400055

No. of Service centers:  198

Addresses of all Service Centers - Click here

 

 

NOTICE for Demat account holders :

As per SEBI Circular “SEBI/HO/MIRSD/POD-1/P/CIR/2023/158” it is communicated that “With respect to demat accounts, it has been decided to extend the last date for submission of 'choice of
nomination' to December 31, 2023”.

 

Scores

In case of dissatisfactory grievance resolution, customers may file a complaint by following the instructions mentioned below:

  • Register on SCORES portal
  • Ensure you have the following details handy when filing the complaint: Name, PAN, Address, Mobile Number and E-mail ID

Filing the complaint will:

  • Help in effective communication
  • Help in speedy redressal of grievances

 

For grievances related to DEMAT, please e-mail us at dp_grievances@svcbank.com

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