Depository Services

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Depository Services

Overview

Our Bank has been offering the Demat services on standalone basis since 2000, as a franchisee to National Securities Depository Limited (NSDL) at our Gunfoundry Branch, Hyderabad.

Services Offered

  1. Dematerialization & Rematerialization of securities.
  2. Pledge/hypothecation of Demat security holdings against bank loan.
  3. Freezing of accounts whenever required so that debits from the account are not permitted.
  4. Electronic credit in respect of securities allotted under IPO.
  5. Crediting non-cash corporate benefits, such as, allotment of bonus and rights shares, stock split, etc. directly to your depository account.
  6. Effecting transmission of securities.
  7. Nomination facility available.

Advantages

  1. Elimination of bad deliveries and also risks associated with physical certificates.
  2. Faster disbursement of non-cash corporate benefits.
  3. Periodic status report.
  4. Convenient consolidation of accounts, folios.
  5. Electronic credit in public issue.
  6. No stamp duties on transfer of securities held in Demat form.
  7. Change of name, address, dividend mandate, registration of power of attorney, transmission etc. can be effected across companies held in Demat form by a single instruction to the DP.

Documents Required

  1. Prescribed application form, DP agreement, Tariff Sheet, duly signed
  2. Pass port size photo of self and of nominee
  3. Proof of identity: PAN Card (Mandatory)- original to be produced for verification
  4. Proof of address: (copy of any one of the following) Bank Pass Book / Ration Card / Pass Port / Voter ID card / Driving Licence (original to be produced for verification)
  5. Cancelled cheque leaf (proof of bank account details)

For Application Forms and further details please contact:
Deputy Manager, Depository section,
Gunfoundry Branch, Hyderabad
Phone: 040-23387378/325
email: gunfoundry@sbhyd.co.in

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