The South Indian Bank is offering Depository services for the benefit of its customers.Through this facility, our customers can hold their securities in electronic form with Central Depository Services (India) Ltd (CDSL).Thus the customers of the bank can now open Demat accounts with us through our Designated branches.
A Demat Acount is an account which holds the Beneficial Owner's (BO's) securities in electronic form. There are many advantages in opening a Demat account and keeping the
securities in dematerialised form.
Major advantages are
We offer the following facilities in a Demat Account
For availing “EASI” Electronic Access to Securities Information, where by a demat a/c holder can view his holdings in internet, Log in to www.cdslindia.com register for “ EASI “Submit the form at DP for authorisation
“CDSL SMART” SMS ALERT FACILITY of transactions /bonus/IPO Credits to the beneficial owners mobile.Register with DP using the form provided along with the opening form
How to Open a Demat Account
For opening a Demat account, the customer is requested to collect the prescribed opening form from any of our designated branches. Filled up application forms may be submitted with any of the notified branches convenient to the customer. An agreement is to be executed on requisite stamp paper. Applicant & joint holder/s has to submit in person, self attested copies of the PAN card,Address and Identity proof along with originals for verification, Bank account particulars and cancelled cheque leaf and passport size photograph along with the application.On opening the Account a unique BO ID (Beneficial Owner Identification) Number is alloted.
*IMPORTANT INSTRUCTIONS TO DEMAT ACCOUNT HOLDERS *
Note : As per SEBI rule PAN card copy is mandatory for Demat Accounts from 1st April 2006. For Accounts suspended for Debit for want of PAN Card copy Beneficial owners should submit verified self attested PAN Card copy to DP IMMEDIATELY for defreezing of accounts
Investor Grievance Mail Id:[email protected]
Telefax: 0484 2933561
DESIGNATED BRANCHES IN ALPHABETICAL ORDER
Tariffs of Demat Services
Rs.200 plus service tax for all BOs. For Corporate accounts Rs.1000 plus service tax