Axis Bank : Apply for Demat Account
Organization : Axis Bank Ltd
Facility : Apply for Demat Account
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Home Page :http://www.axisbank.com/personal/investments/demat-account/features-benefits.aspx
Download Form here :http://www.axisbank.com/personal/investments/demat-account/how-to-apply.aspx
Demat Account :
Features & Benefits :
** Prevent unauthorized transactions in your demat account, kindly update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL / CDSL on the same day.
** KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
** Axis Bank is a registered member (Depository Participant) of NSDL. In this system, physical security holdings are converted into electronic (or in other words, dematerialized) holdings. Axis Bank has been enrolled as a Depository Participant by the NSDL – India’s first depository. You can avail of all the depository-related services by just opening an account with NSDL through Axis Bank.
Transfer of shares and settlements :
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.
Receipt of Corporate Benefits :
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.
Dematerialisation of shares :
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.
Auto E-mailer Services :
You can register for auto e-mailer services for getting holding and transaction statement on the registered mail id at the frequency defined by you i.e. either daily/weekly/monthly.