Transfer and settlements have never been easy as it is under the depository system. All that is required is an instruction slip from you. If you are selling securities then it has to be a delivery instruction slip. If you are purchasing securities it has to be a receipt instruction slip or one time standing instructions for credit.
Even securities entitlements like bonus and rights can be credited to your demat account electronically. All you have to do is to choose the right option in the share application form. Cash benefits like dividends and interest will be forwarded to you directly and not through the depository. MICR code in Bank details in your demat account would ensure credit of cash corporate action to your respective bank account.
At your request we arrange to convert your physical holdings into electronic form. To do this you would be require to open a demat account with NSDL through us called "Beneficiary Owner Account" in the name and style in which the shares are held by you. After opening demat account, you can lodge the share certificates with us accompanied by a Dematerialisation Request Form (DRF), separate for each scrip. You are required to only make sure that NSDL has admitted that scrip for dematerialisation. You can get this verified at our branches offering demat services.
You have the option to convert your electronic shares back to physical shares.
You can also avail loan against shares by pledging shares in your demat account. This process is also much faster than in the case of physical shares.
You can also keep your accounts frozen or locked for the span of time desired by you. No debits from your account will be made during this period.
With the introduction of settlement on T+2 basis, instruction for delivery of securities to broker's account is required immediately after sale of securities. Hence time available for submission of delivery instructions is limited. Axis Bank now permits submission of delivery instructions in electronic form using Internet based service called Speed-e. Physical delivery instructions need not be submitted in case you are submitting the instructions on Speed-e.
Functioning of Speed-e
Speed-e is an Internet based service offered by NSDL through which demat account holders (including brokers) can submit delivery instructions to us through Speed-e website http://speed-e.nsdl.com and also view the status of such instruction.
You can access your holding and transaction statement of your demat account through internet services / website.
Access your Demat Account(s) through a telephone from any of the access centers. Just dial the Tele-Depository Services number and get all information about your account on Voice, Fax or even email. Dial-Your-Demat is available 24 hours a day, 365 days a year. This service offers you a wide range of facilities such as:
- Balance inquiry
- Statement of Demat account by fax or phone or email
- Transaction details by fax or phone or email
- Holding details by fax or phone or email
- Overdue cum Holding details by fax or phone or email
- Rejection details by fax or phone or email
- Change of PIN