Organization : Oriental Bank of Commerce
Facility : Apply for Demat Account
Home Page : https://www.pnbindia.in/
Demat Services :
** Similar to opening a Bank Account to save money, make payment, transfers etc. you need to open a Demat account if you want to buy or sell stocks.
Related : Oriental Bank of Commerce Account Balance Check Via Mobile : www.statusin.in/4774.html
** It is just like bank account where actual money is replaced by shares.
** You don’t need to have possession of any physical certificate showing that you own these shares. They are all held electronically in your account.
** As you buy and sell the shares, they are adjusted in your account.
Is a Demat account a must :
** Now days, practically all trades have to be settled in dematerialized form.
** So a Demat account is a must for trading and investing.
What are benefits of a Demat Account for me :
** A safe and convenient way to hold securities.
** Immediate transfer of securities.
** No stamp duty on transfer of securities.
** Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc.
** Reduction in paperwork involved in transfer of securities.
** Reduction in transaction cost.
** No odd lot problem, even one share can be traded.
** Nomination facility.
** Change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately.
** Transmission of securities is done by DP eliminating correspondence with companies.
** Automatic credit into Demat account of shares, arising out of bonus/split/consolidation/merger etc.
** Holding investments in equity and debt instruments in a single account
How can I open this account :
** To avail the services of a depository an investor is required to open a Beneficial Owner (BO) account with a Depository Participant (DP) of any depository.
** Please visit your nearest Oriental Bank branch and fill the account opening form. The account opening form must be supported by copies of any one of the approved documents which serve as proof of identity (POI) and proof of address (POA) as specified by SEBI.
** Please carry original documents for verification.
What will it cost me :
** For charges please click Rate structure for NSDL/CDSL Depository Services (Click here) attached file is in PDF Document Format
** Where are Demat Branches Of Oriental Bank of commerce-
** For our Demat branches please click hereLIST OF DEMAT AUTHORISED BRANCHES attached file is in PDF Document Format
About Us :
** Provide quality, innovative services with state-of-the-art technology in line with customer expectations.
** Enhance employees’ professional skills and strengthen cohesiveness.
** Create wealth for customers and other stakeholders.
Contact Us :
Oriental Bank of Commerce,
Plot No. 5, Institutional Area
Sector-32, Gurgaon – 122001