Organization :HSBC Bank
Facility :Demat Account Opening Procedure
Home Page :https://www.hsbc.co.in/1/2/homepage
For more details here :https://www.hsbc.co.in/1/2/personal/bank-accounts/demat-account
HSBC Demat Account :
Demat Account Features & Benefits :
** You can purchase, hold and sell shares in electronic form
** Get transaction statements as and when you transact on Monthly basis & your Holding statement on a yearly basis, showing current portfolio of shares
** As an NRI, you can easily dematerialise your portfolio of shares in India with us*
** You can save time with quick transfers
** Say goodbye to risk of loss, theft or mutilation of shares
** Now, stop worrying about bad deliveries, forgeries and duplicate share certificates
** You can now avail the Basic Services Demat Account offerings of the bank
** Click here to know more about Basic Services Demat Account
For any queries or clarification on Demat accounts, please write to us through secure internet banking. Alternatively, you may write to us at retaildematqueriesinm AT hsbc.co.in. In case of any grievances that you may have, please refer to our grievance redressal policy.
Do’s and Dont’s :
** To open and operate your demat account, a Self attested copy of PAN card of all account holders should be mandatorily submitted . The requirement for submitting the original PAN card for verification can be waived provided that all the accountholders submit the necessary documents for Proof of Identity other than the PAN card.
** The demat account has a nomination facility and it is advisable to appoint a nominee to facilitate your heirs in obtaining the securities in your demat account, on completion of the necessary procedures.
** Intimate any change of address or change in bank account details to us within seven days
** Register for Internet-based facility to monitor your demat account yourself
** In order to receive all the credits to your demat account automatically; you can give us a one-time standing instruction.
** Before granting Power of Attorney to anyone, to operate your demat account, carefully examine the scope and implications of powers being granted.
** Verify your transaction statement carefully for all debits and credits in your account. If any unauthorised debit / credit is noticed, customer should immediately inform us in writing. An email may be sent to us at retaildematqueriesinm AT hsbc.co.in
** While accepting the Delivery Instruction Slip (DIS) book from us, ensure that your client ID is pre-stamped on all pages along with the serial numbers.
** Keep your DIS book safely and do not sign or issue blank or incomplete DIS slips.
** For market transactions, submit the DIS ahead of the deadline. DIS can be issued with a future execution date.
** Strike out empty space, if any, in the DIS, before submitting