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Depository Services

Depository Services

Great Advance With Stock Market Benefits Of Demat Accounts

Trading in the shares of the Company is now compulsorily under the demat form. With SEBI making demat form mandatory on most of the traded scrip, electronic transfer will be the only way everyone will trade. No stamp duty is required for transfer of securities in the electronic form. In case of transfer of physical shares, stamp duty of 0.5 percent is payable on the market value of shares being transferred.

All risks associated with physical certificates such as delays, loss in transit, theft, mutilation, bad deliveries etc eliminated. If you wish your shares can be kept in the “Frozen Mode” by your Depository Participant under your specific instructions. The concept of an “odd lot” in respect of dematerialized shares stands abolished since in the demat mode market lot is now one share only Dematerialised securities are most preferred by banks and other financiers for providing credit facility against securities. Generally, demat securities attract lower margin and lower rates of interest compared to physical securities. Even in the electronic mode of trading, the payment mechanism (usually through a broker) between the buyer and seller continues to be as before. Also the usual brokerage charges would have to be incurred. However, after the settlement, pay in and pay out are on the same day for scripless trading which means you get your securities as well as cash immediately.

Shares bought or sold are transferred in your name on the very next day of pay out. In case of physical shares, transfer of ownership takes 30 days or sometimes even more. No courier / postal charges for sending share certificates / transfer deeds. Facility for freezing / locking of investor accounts, which enables you to make your account non-operational, for instance if you are abroad. Facility to pledge and hypothecate your securities available. As the Depository System becomes popular, brokers will be increasingly reluctant to deal with physical shares. Investors prefer to buy shares which are already in dematerialized form.

Open Demat Account

If You Want To Open Up A Demat Account With “Indira Securities Pvt Ltd".

The process of opening an account with us is similar to the opening of a bank account. You can approach “Indira Securities Pvt Ltd” and fill up an account opening form. At the time of opening an account, you have to sign a standard DP Client agreement. All investors have to submit their proof of identity and proof of address along with the prescribed account opening form duly filled in and complete in all respects.

Proof of Identity : Your signature and photograph must be authenticated by an existing demat account holder with the same DP or by a bank manager. Alternatively, you can submit a copy of Passport, Voters Id Card, Driving License or PAN card with photograph.
Proof of Address : You can submit a copy of Passport, Voters Id Card, Driving Licence, ration card or bank passbook as proof of address. You must remember to take original documents to the DP for verification.
Passport-size photograph: Recent Passport-size photograph of the BO and all BO’s in case of Joint account.
Incase of Minor : Copy of birth Certificate
Incase of NRI: proof of NRI status, Copy of RBI approval.
  • You can open more than one accountThere is no restriction on the number of accounts you can open with a DP
  • you are not restricted to having account with only one DP.There are no restrictions on the number of DPs you can open accounts with or the number of accounts you can open with a DP. Depository accounts are similar to bank accounts. Just as you can have savings or current accounts with more than one bank, you can open accounts with more than one DP.
  • You don’t have to keep any minimum balance of securities in your account with your DP.The depository has not prescribed any minimum balance. You can have zero balance in your account.
  • Charges are to be paid for opening an account and to demat one's physical sharesEach DP can levy charges by way of account opening fees, transaction fees, custody fees and so on. The charges differ from Depository Participant to Depository Participant and therefore you will have to contact your DP for the same to have detailed description on charges
  • Precautions you need to observe with respect to Delivery Instruction Slips [DIS].
  • Investors prefer to buy shares in the depository modeWhen you buy shares already in the depository mode, you will become the owner of those shares in the depository within a day of the settlement being completed. You will not have to apply to the Company for registering the shares in your name. Thus, there will be no possibility of loss or theft when the share certificates are posted to the Company. You will have no fear that any fake or stolen shares may have been delivered to you.
  • Brokers are reluctant to deal with physical shares.Apart from the risk arising out of having to deal with the paper work and keeping account of the share certificates, the brokers are exposed to the risk of bad deliveries in the present system. It may take upto one year for the broker to discover that such a risk exists. As against this in the depository mode the broker will be free from the worries of bad deliveries. The broker's only risk will be that the investor does not own the shares which the investor has sold. But this will be known within the settlement period (10-15 days). The broker will thus prefer to sell securities that are in the depository mode.
  • Whom should you approach in case of any fraud/disputes in using a demat account?Common risk factors applicable to trading in physical shares like mismatch in signatures, loss in postal transit, etc., are absent since the dematted shares are traded scripless. However, in the unlikely event of any other dispute, the concerned Stock Exchange and/or Depository Custodian viz. NSDL/CDSL or SEBI would have to be approached for resolving such issues
  • Inform your DP incase of change in your address, telephone numbers etc, as early as possible.

Once you have opened an account with a Depository Participant, you can buy or sell shares in the electronic form, provided the seller/buyer also holds shares in the electronic form. You can sell the shares in the depository mode through any share broker (member of any stock exchange which provides demat trading & settlement ).

All you need to do is to provide him the details of your account with the DP, with a delivery instruction to debit your share account with the number of shares sold by you. When you buy shares in the depository mode, you must, similarly, inform the broker about your depository account details so that the shares bought would be credited to your account with the DP.

Trades on the book entry (Depository) segment require to be settled on the same mode. To enable this, we will act only on valid instructions from the investor. In case Investor A has purchased from Investor B on the segment, Investor A will be required to provide clearly the securities account from where the credit is expected (in this case, Investor B). We will provide the necessary instruction format. In the same manner, the investor will be required to provide the securities account details of the investor to whom he has sold in the case of sell trades. We will arrange to settle these transactions between the investors using the centralised Depository Systems (NSDL or CDSL as the case maybe).

Free Balance:Only the balances shown under this heading are eligible for transfer, pledge and rematerialisation.

Pending Dematerialisation: The balances shown under this heading are lying with the concerned company and/or their registrars pending credit to your Demat Account. Please note that no transactions can be put through on these balances.

Pending Rematerialisation: The balances shown under this heading are lying with the concerned company and/or their registrars for providing you the physical certificates. Please note that no transactions can be put through on these balances

Pledge: The balances shown under this column are under pledge to a third party. Please note that the pledges have been marked in favour of the third party on the basis of your written instructions. Also, please note that no transactions can be put through on these balances.

Document Check List

A passport Size Photograph
Proof of Demat Account
Proof of Bank account
photocopy of PAN card

Dematerialization Dematerialization is the process by which a client can get physical certificates converted into electronic balances maintained in his account with the DP.


  • Holdings in only those securities that are admitted for dematerialisation by National Securities Depository Ltd (NSDL) can be dematerialised.
  • Structure of holding in the securities should match with the account structure of the depository account. Now shares in different order of names can also be dematted.
  • If the shares are in the name of X and Y, the same cannot be dematerialised into the account of either X or Y alone. However if the shares are in the name of X first and Y second, and the account is in the name of Y first and X second, then these shares can be dematerialised in this account.
  • Only those holdings that are registered in the name of the account holder can be dematerialised. Physical shares which have not been transferred and are still there with a transfer deed cannot be dematted.


Rematerialisation is the process by which a client can get his electronic holdings converted into physical certificates. The client has to submit the rematerialisation request to the DP with whom he has an account along with a Remat request form. The physical shares will be posted by the company directly to the clients


For all sales made by clients, the shares will have to be given to the broker, so that the Pay In can be made by the broker to the stock exchange concerned. For that it's essential that the shares be transferred to the account of the broker well before the deadline date. You must confirm with your broker the settlement date and settlement number and then submit your instructions to your DP. Also it's important to give the instructions to your DP as early as possible.

Corporate benefits

Corporate benefits are benefits given by a company to its investors. These may be either monetary benefits like dividend, interest etc or non-monetary benefits like bonus, rights etc. NSDL facilitates distribution of corporate benefits. It's important to mention your correct MICR No and attach copy of the cheque leaf with your account opening form. NSDL is planning to distribute all cash corporate benefits to bank accounts directly


Pledge enables you to obtain loans against your dematerialised shares. So you get liquidity without having to sell your shares. A highly simplified procedure may be availed of for pledging of securities in the electronic mode. The pledged securities continue to be reflected in the DP account of the clients (pledgor) but the concerned securities are "blocked" and cannot be used for any transactions. As and when the pledge is to be removed, based on confirmations received from both the pledgor and the pledgee, the blocked securities will be released to "Free Balance" of the account holder.

A very big advantage of using pledges in the electronic mode is that the securities continue to be in your account and therefore all benefits--viz Dividend, Bonus and Rights--accrue to the holder, ie you and not the bank (pledgee).

Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201




Manoj Bhandari. Email: Call : 0731-4797275

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