You can avail a host of depository services benefits by just opening an account with NSDL through Axis Bank. Some of the depository services benefits include securities entitlements like credit of bonus and rights to your Demat Account electronically.
Even securities entitlements like bonus and rights can be credited to your Demat Account electronically. All you have to do is choose the right option in the share application form. Cash benefits like dividends and interest will, however be forwarded to you directly and not through the depository. However, MICR code details in the Demat Account would ensure credit of cash corporate action to your respective bank account.