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HDFC Bank offers you a secure, convenient alternative to
holding your securities in their physical form. Our depository services enable you to
convert your securities to electronic format. When you choose this option, you retain all
the benefits of ownership, while eliminating the hassles caused by events such as loss of
certificates postal delays, and counterfeiting. In addition to the security features offered by NSDL, we offer you the following risk management measures through our back-office system: Numbered Instruction Slip Books When you open an account, we issue you a serialised instruction slip book. These unique serial numbers are captured in our system. Every subsequent instruction for transfer is validated by the system against these numbers, to protect your investments against fraudulent transfers. Dematerialisation Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic format and credited in the investor's account with his Depository Participant. How it works We arrange to get the physical share certificates dematerialised to enable trading and settlement on the book entry segment. You will need to deliver your shares to us along with a signed Dematerialisation Request Form. We will arrange to send the shares to the concerned company/transfer agent and will promptly credit the securities account when we receive them from the depository. Any objections raised by the company will be forwarded to you for clarification. Rematerialisation If you opt to go out of the segment, we will arrange to 'rematerialise' the shares and help in the conversion of the electronic shares to paper form. Clarification on NRI clients A Client can open a NRI Depository Account under two sub-categories viz. Non-Repartriable or Repartriable. The client has to compulsorily indicate on the first page of the AOD to confirm the Sub Categories. 1. Non-repartriable To open a DP a/c under Non Repartriable status the client has to submit the NRI form with detials of the shares held on non repatriation basis. The client should have a NRO Non Resident Ordinary SB A/c. This SB A/c has to be maintained at HDFC BANK . Credit of income earned on shares held in this DP A/c has to go to NRO SB A/c only. Income earned on the shares cannot be converted into foreign currency. It has to be maintained in Indian Rupee Only. 2. Repartriable To open a DP A/c under Repartriable status in addition to the Normal AOD the client is required to give a copy of RBI Approval. The client has to maintain a NRE Non Resident External SB A/c with HDFC BANK. The RBI approval is valid only for 5 years. Validity of approval has to be extended at the end of every five years. Credit of income earned on shares held in this A/c has to go to NRE/NRO/NRSR SB A/c only. Income earned on the shares can be converted into foreign currency after payment of capital gains taxes. Application for RBI approval If a client wishes to open a NRE Depository A/c but does not have RBI approval, then we as bankers can apply for RBI approval on behalf of the client. The procedure laid down by RBI for application is given below:- a) RPI form duly filled and signed by all holders to be submitted in duplicate. b) All details pertaining to all holders have to be clearly filled up by the client and no column to be left blank. c) The client has to mention HDFC BANK NRE SB A/c details in Sr. No. 3 . The said NRE A/c can be at any of our branches. d) Under Sr. No. 4 the client has to declare his holdings i.e. shares held under NRI status which he intends to consider under Repatriation benefit if the client has no holdings or does not wish to repatriate then he/she can declare it as NIL In case the client has shares under NRI Repatriation benefit then details of the shares to be given with respect to PRIMARY MARKET purchase or SECONDARY MARKET purchase. (i) Primary market If shares are purchased from primary market then details of the shares are to be given as per annxure(I) (copy enclosed). Details of RBI Ref No have to be necessarily be mentioned against each scrip. RBI Ref No is usually mentioned on the face of the certificate or on the allotment letter. In case the client does not have the details of RBI Ref No it is advisable that the client gets the details from the company or consider only those scrip with RBI Ref details under Repatriation benefit balance as Non Repatriation benefit. Hence only those scrip with complete details have to be included in the annexure(I) (ii) Secondary market If the client has shares purchased from Secondary Market, the same has to be mention as per annexure(II) (copy enlcosed). In addition, the following documents are required for each and every scrip
Incase the client is not able to provided all these
details the shares cannot be considered under Repartriable benefit. Hence only those
scrips with complete documents should be included in annexure(II). Trades on the book entry (Depository) segment require to
be settled on the same mode. To enable this, we will act only on valid instructions from
the investor. In case Investor A has purchased from Investor B on the segment, Investor A
will be required to provide clearly the securities account from where the credit is
expected (in this case, Investor B). We will provide the necessary instruction format. In
the same manner, the investor will be required to provide the securities account details
of the investor to whom he has sold in the case of sell trades. We will arrange to sell
these transactions between the investors. ICICI has emerged as a premier Financial Institution in the country, thanks to the support and trust of over two million investors. With its focus on retail services, ICICI now provides Depository Services to all retail investors investing in the Indian Equities market. In partnership with the National Securities Depository Limited (NSDL), Depository Services are being offered through ICICI Bank branches and ICICI Investor Service centres. The advantages of Depository Services are:
UTI 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. UTI Bank has been enrolled as a Depository Participant by the NSDL – Indias first depository. You can avail of all the depository-related services by just opening an account with NSDL through UTI Bank. Transfer of shares and settlementsTransfer and settlements have never been easy as it is under the Depository system. Al l 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 standing instructions for credit. Receipt of Corporate Benefits Holdings & Transaction
Statements on email Tele Depository services Rematerilialisation
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