A Depository facilitates holding of securities in the electronic form & enables securities
transactions to be processed by book entry by a Depository Participant (DP), who as an agent of the depository, offers
depository services to investors. According to SEBI guidelines, financial institutions, banks, custodians, stockbrokers,
etc. are eligible to act as DPs.
The investor who is known as beneficial owner (BO) has to open a Demat account through any
DP for dematerialisation of his holdings & transferring securities. Demat Account can be opened by all types of investors.
Some basic information about Demat Account
- Number of Accounts :
More than one demat account can be opened in the similar / identical name & order with
the same DP or different DPs & no minimum security balance is required. Investor
can maintain Zero balance in their account
- Joint Holders & Nomination :
Individuals holding beneficial accounts on their own either can hold securities jointly (Maximum three holders) or
a Demat account having the facility of nomination also for individual only. In the event of the death of one of the joint holders,
the securities will be transferred in the names of the surviving holders. If the sole or all the joint holders are deceased, the
shares will be transferred in the name of the nominee.
- Statement of Account :
A periodical statement of holdings & transactions is provided by DP. This can also be asked for from the DP.
- Change of Address :
For change of address, if any, communication to your DP in writing is sufficient. The DP
will ensure that the change is incorporated for all securities held in your demat account.
You need not write to all the companies separately.
- Loan Against Demat Shares :
Investor can avail loan against Demat Securities from financial institution
- Transfer of Shares :
Investor can transfer shares from their demat account through off-market transfer or market transfer
instantly by giving signed delivery instruction slips to DP & no stamp duty is applicable as in physical shares.
- Corporate Benefit :
Corporate benefit (Financial & Non Financial) automatically
distributed as per the details mentioned in the demat account (Address & bank details)
The Sushil Advantage
- 24/7 Online Access
Making things simpler for you is always our top priority. With Sushil Finance Demat account
you have easy access to your holdings & transactions anytime, anywhere through our online back office access.
- Excellent Customer Service
You get the benefit of a dedicated team & a senior Relationship Manager that works exclusively in the Demat
department to take care of your needs. We offer you guaranteed & timely
account opening & execution of your transactions.
- Comprehensive Statements
You get a unique transaction-cum-holding-cum-billing statement
every quarter to enable you to keep track of your transactions & investments.
- Corporate Benefit Tracking
Track your dividend, interest & bonus through your account statement.
- Competitive tariff Plan
Best Tariff plan which suits all type of investors.
- Ease of Operation
Investor has the option of operating his account from any of our branches.
Process for opening a Demat Account :
- Provide a copy of your PAN card along with a copy of your passport/ driving license / voter-ID card/ ration card as your proof of address.
- Execute the DP-Investor agreement to be made available by DP.
- Collect your unique account number (BO-ID) from your DP.
- Collect pre-printed slips both for effecting dematerialisation as well as delivery of securities
- Understand the cut-off timings from DP for depositing delivery
instructions for trades done by you on the stock exchange