1. Immediate transfer of securities;
2. No stamp duty on transfer of securities;
3. Elimination of risks associated with physical certificates such as bad delivery , fake securities , etc.;
4. Reduction in paperwork involved in transfer of securities;
5. Reduction in transaction cost;
6. Nomination facility;
7. Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately;
8. Transmission of securities is done by DP eliminating correspondence with companies;
9. Convenient method of consolidation of folios/accounts ;
10. Holding investments in equity, debt instruments and Government securities in a single account;
11. Automatic credit into demat account, of shares, arising out of split/consolidation/merger etc.

• Dematerialisation i.e., converting physical certificates to electronic form;
• Rematerialisation i.e., conversion of securities in demat form into physical certificates;
• Facilitating repurchase / redemption of units of mutual funds;
• Electronic settlement of trades in stock exchanges connected to NSDL;
• Pledging/hypothecation of dematerialised securities against loan;
• Electronic credit of securities allotted in public issues, rights issue;
• Receipt of non-cash corporate benefits such as bonus, in electronic form;
• Freezing of demat accounts, so that the debits from the account are not permitted;
• Nomination facility for demat accounts;
• Services related to change of address;
• Effecting transmission of securities;
• Instructions to your DP over Internet through SPEED-e facility. (Please check with your DP for availing the facility);
• Account monitoring facility over Internet for clearing members through SPEED facility;
• Other facilities viz. holding debt instruments in the same account, availing stock lending/borrowing facility, etc.

1. Convenience - Proximity to your office/residence, business hours.
2. Comfort - Reputation of the DP, past association with the organisation, whether the DP is in a position to give the specific service you may need?
3. Cost - The service charges levied by DP and the service standards.

In order to obtain the complete list of DP locations and their comparative charge structure, you may log on to www.nsdl.co.in or else you may write to NSDL for the same.

1. Proof of Identity (POI) (copy of any one proof):
   
   

   Passport	Voter ID Card
   Driving license	PAN card with photograph
   Identity card/document with applicant’s Photo, issued by a) Central/State Government and its Departments, b) Statutory/Regulatory Authorities, c) Public Sector Undertakings, d) Scheduled Commercial Banks, e) Public Financial Institutions, f) Colleges affiliated to Universities (this can be treated as valid only till the time the applicant is a student), g) Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and h) Credit cards/Debit cards issued by Banks.

   
   
2. Proof of Address (POA) (copy of any one proof):
   
   

   Ration card	Passport
   Voter ID Card	Driving license
   Bank passbook	Verified copies of Electricity bills (not more than two months old)/ Residence Telephone bills (not more than two months old)/ Leave and License agreement / Agreement for sale.
   Self-declaration by High Court & Supreme Court judges, giving the new address in respect of their own accounts.
   Identity card/document with address, issued by a) Central/State Government and its Departments, b) Statutory/Regulatory Authorities, c) Public Sector Undertakings, d) Scheduled Commercial Banks, e) Public Financial Institutions, f) Colleges affiliated to universities (this can be treated as valid only till the time the applicant is a student); and g) Professional Bodies such as ICAI, ICWAI, Bar Council etc., to their Members.

   
   
3. Passport-size photograph.
   
   
4. Copy of PAN Card.


You must remember to take original documents to the DP for verification. Your DP will carry-out “in-person verification” of account holder(s) at the time of opening your account. You should remember to obtain a copy of the agreement and schedule of charges for your future reference.

Note: Your DP may ask an additional proof of identity/address.

The Officer in Charge
Investor Grievance Cell
National Securities Depository Limited
4th Floor, Trade World
Kamala Mills Compound
Senapati Bapat Marg
Lower Parel, Mumbai - 400 013
Email: relations@nsdl.co.in

• You sell securities in any of the stock exchanges linked to NSDL through a broker;
• You give instruction to your DP to debit your account and credit the broker's [clearing member pool] account;
• Before the pay-in day, your broker gives instruction to its DP for delivery to clearing corporation;
• Your broker receives payment from the stock exchange [clearing corporation] ;
• You receive payment from the broker for the sale of securities.

• You purchase securities through a broker ;
• You make payment to your broker who arranges payment to clearing corporation on the pay-in day ;
• Your broker receives credit of securities in its clearing account (clearing member pool account) on the pay-out day;
• Your broker gives instructions to its DP to debit clearing account and credit your account;
• You receive shares into your account. However, if standing instructions are not given at the time of opening the account, you will have to give 'Receipt Instructions' to your DP for receiving credit,.

You should ensure that your broker transfers the securities from its clearing account to your depository account, before the book closure. If the securities remain in the clearing account of the broker, the company will give corporate benefits (dividend or bonus) to the broker. In that case, you will have to collect the benefits from your broker.

• Ensure and insist with your DP to issue DIS book; do not accept loose slips.
• Ensure that DIS numbers are pre-printed and DP takes acknowledgment from you for the DIS booklet issued to you.
• Ensure that your account number [client id] is pre-stamped.
• If your account is a joint account, all the joint holders have to sign the instruction slips. Instruction cannot be executed if all joint holders have not signed.
• Avoid using loose slips
• Do not leave signed blank DIS with anyone viz. broker/sub-broker.
• Keep the DIS book under lock and key when not in use.
• If only one entry is made in the DIS , strike out remaining space to prevent misuse by any one.
• Please fill in target account -Id and all details in the DIS, yourself.

A smart card user can download the form from the website, fill it and submit the same to its DP. The DP will process the form and enable the client for using the facility. The smart card user will also be issued a smart card reader and a smart card.

• smart card user can transfer securities to any account unlike password users where transfer of securities is permitted only to three pre-notified broker accounts;
• single smart card can be used to access all your demat accounts, opened with the same DP;
• facility of multiple authorisation;
• you can freeze your demat account or any particular ISIN or specific quantity within an ISIN yourself, through SPEED-e. The account freezed using SPEED-e can be unfreezed only by you.

Thereby you can deliver instructions and transfer securities when you wish, lock the account and unlock it only when you need, i.e. complete control of your account in your hands.

• Both you (pledgor) as well as the lender (pledgee) must have depository accounts;
• You have to initiate the pledge by submitting to your DP the details of the securities to be pledged in a standard format ;
• The pledgee has to confirm the request through its DP. It is suggested that after creation of the pledge request, you may inform the pledgee and request him to confirm the request;
• Once this is done, your securities are pledged All financial transactions between the pledgor and the pledgee are handled as per usual practice outside the depository system.

• The holdings as of the record date / book closure, (including those holdings which are pledged) are considered for computing bonus entitlements.
• At the time of effecting the credit of bonus shares, the system checks whether pledge is still open or closed.
• Where pledge orders are not closed / invoked or partially closed / invoked, the bonus entitlements in such cases are credited to the pledgor's account with pledge marked in favour of the pledgee.
• If the pledge is closed/invoked fully, the bonus entitlements will be credited to the pledgor's account as free balances.

SEBI has introduced Securities Lending and Borrowing scheme. As per this scheme, those persons having securities can lend their securities for consideration and those requiring securities (for meeting market obligations , as collateral etc.) can borrow the same. Under the scheme, the securities are lent through intermediaries who are approved by SEBI. The approved intermediary would borrow the securities for further lending to borrowers. Lenders of the securities and borrowers of the securities enter into separate agreements with the approved intermediary for lending and borrowing the securities . Lending and borrowing is effected through the depository system.

Your DP may revise charges by giving you 30 days notice in advance.

1. Local Back up
2. Remote Back up
3. Disaster Recovery Site

In addition to this, every DP is required to take daily back up, at the end of each day of operation.

The Officer in Charge
Investor Grievance Cell
National Securities Depository Limited
4th Floor, Trade World
Kamala Mills Compound
Senapati Bapat Marg
Lower Parel, Mumbai - 400 013
Email : relations@nsdl.co.in