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FAQ

  • What is Depository?

    In book-entry form, the depository is a provider of the facility for holding and transacting securities. Physical securities can be converted into a book-entry form, i.e., electronic form by way of immobilization or dematerialization so that they exist only as electronic records. India has chosen the dematerialization route. Depository functions are somewhat similar to a commercial bank. To avail the services offered by a depository, the investor has to open a Demat account with a registered Depository Participant (DP).

  • Who is registered owner of Securities?

    When securities of a company are held in physical form by an investor, the name of the investor is recorded in the books of the company as a ‘Registered Owner’ of the Securities. Folio numbers or certificate numbers or distinctive range numbers are the identifying factors for any certificate. As Physical securities converted into electronic form, the depository becomes Registered owner in the books of the company and Investor's names removed from there. The depository is holding such shares as a custodian or as a guardian they cannot claim any benefit. Even depository is not liable for any loss as a result of the holdings.

  • Who is a Beneficial Owner (BO) of the securities?

    The investor whose securities are held in electronic form in a Demat account opened with a depository through a Depository Participant is called as Beneficial Owner (BO). All the benefits as a result of the holding the securities are given to such beneficial owner.

  • Who is a DP?

    A Depository Participant is an agent of the depository who is authorized to offer depository services to investors and is registered as a DP with SEBI. Financial institutions, banks, custodians, stockbrokers and other types of intermediaries specified under SEBI (Depositories and Participants) Regulations, 1996, complying with the requirements prescribed by SEBI/ Depositories can be registered as DP. Further information on DPS can be accessed from NSDL’s/ CDSL’s. An investor will always interact with a DP for the services and cannot directly approach the depository for any services except for Redressal of Grievances.

  • What are the benefits of depository to the investor and other entities associated with capital market?
    • Reduction in paperwork.
    • Reduction in risks associated with holding securities in a paper form including theft, fire damage, bad delivery in the settlement process, fake or Forged securities.
    • It's a faster mode of transferring securities from one account to another account.
    • stamp duty was applicable on transfer of securities in paper form is eliminated here.
    • Reduction in transaction cost.
    • Change in details of the Demat account to be submitted only to DP and subsequently get registered electronically with all companies in which investor holds securities.
    • A faster mode of Transmission of securities to the nominee or surveying holder in case of death of an account holder.
    • Another benefit is holding all type of capital market instruments such as equity, debt, mutual fund units, G-SEC in a single account.
    • Automatic credits of securities into Demat account arising out of corporate actions such as Bonus, split/consolidation/merger/ Demer.
  • What are the benefits of opening a demat account for investors?

    A demat account has become a necessity for all categories of investors for the following:

    • SEBI made it compulsory for trades, in all listed scripts, to settle in Demat mode. Trades up to 500 shares can settle in physical form. The physical settlement is virtually not taking place for the apprehension of bad delivery on account of signature mismatch, of signature forgery, fake certificate.
    • It is a safe and convenient way to hold securities compared to holding securities in physical form.
    • In Demat form, on the transfer of securities, no stamp duty is levied.
    • Instantaneous transfer of securities enhances liquidity.
    • It eliminates delays, thefts, interceptions and subsequent misuse of certificates.
    • Change of address, registration of Power of Attorney – can be effected across companies by one single instruction to the DP.
    • *Market lot of one share for the purpose of transactions - so no odd lot problem.* ( Rectification required)
    • An unlimited number of securities can be transferred/delivered with one delivery instruction. Therefore, paperwork and signing of multiple transfer forms are done away with it.
    • It facilitates taking loans/advances against securities.
    • provides immediate credits in case of any allotment in Noncash corporate actions such as bonus, rights issues, and IPOs.
  • What are the services provided by a Narnolia DP?

    A Depository provides following services to investors through a DP:

    • Opening a Demat account.
    • Dematerialization, i.e. converting physical securities into electronic form.
    • Rematerialization, i.e., converting BO accounts electronic security balance into physical form.
    • To maintain a record of holdings in the electronic form.
    • Facilitate settlement of trades by exchanges / Clearing corporations by delivering/receiving underlying securities from/in BO accounts.
    • Nomination facility for Demat accounts.
    • We provide effecting transmission of securities.
    • Facilitate transfer of securities between BOs.
    • We provide the facility for receiving electronic credit in respect of securities allotted by issuers under IPO or otherwise.
    • We also provide the facility for receiving non-cash corporate benefits, like allotment of bonus and rights shares or any other non-cash corporate benefits given by the issuers in electronic.
    • Facilitate pledging of dematerialized securities.
    • We provide freezing of the Demat account for debits, credits, or both.
    • Internet facilities (Speed-e/easy Etc)
    • We provide subscription/ redemption of mutual fund units in Demat form.
  • What should an investor do to open an account with a DP?

    Opening a Demat account is very simple and easy. It is almost similar to the opening of a bank account.

    • First, the investor has to choose a DP based on his convenience and the DP’s charges.
    • The investor has to fill up the KYC form and attach the documents with it as per SEBI guidelines specified in SEBI circular MIRSD/SE/Cir/21/2011 dated October 5, 2011, and circulars issued by KRA/CERSAI agencies from time to time.
    • The investor has to submit a filled up and duly signed Additional KYC form for opening a Demat Account with correspondence address proof.
    • The investor will have to submit the duly signed Rights and Obligations of Beneficial Owner and Depository Participant, Before opening the Demat account, to the Depository Participant.
    • A unique Beneficial Owner Identification (BOID) Number, will be assigned to the Demat account and should be quoted in all future transactions.
  • Is it mandatory to submit PAN card details?

    Yes, SEBI has made it mandatory for all existing and new account holders to submit a copy of their PAN card, along with the original for verification.

  • Why bank details are required while opening a demat account?

    This requirement is a security measure. The Dividend/interest warrants issued by the companies will have BOs name printed on it so that the warrants cannot be misused by another person. Further, SEBI vides its circular no. CIR/MRD/DP/10/2013 dated March 21, 2013, made it mandatory for listed companies to use electronic payment system for distribution of dividend/interest and other cash benefits to investors.

  • Is it necessary for an investor to open an account with the same DP as that of his broker for settling the trades done through the broker?

    No, there are absolutely no compulsions on any investor to open his Demat account with the same DP as that of his broker. An investor can open an account with the DP of his/her choice and can carry on his trading activity through a broker of his choice. But it is suggested to open DP account with the same Broker for smooth functioning.

  • Can a demat account be opened in the name of Joint Holders?

    A Demat account can be a single holder's account or a joint holder's account. It can have a maximum of three account holders, one main holder, and two joint holders.

  • Can a Demat account be opened for a minor?

    A minor can have a Demat account. The gurgen will have the authority to operate the minor's account.The father or the mother of the minor can be the guardian. In the absence of both the parents, the court will have the authority to appoint a local guardian for the minor.

  • Can minor be a joint holder in another demat account?

    No. Minor cannot be a joint holder in a Demat account.

  • What happens to a minor account when the minor becomes major?
    • A new account can be opened in the name of the same person who turned into major and the minor account need to be closed. All securities in the minor account can be transferred to the new account.
    • The existing account can still be used. Minor turned major has to sign the Rights and Obligations of the Beneficial Owner and Depository Participant with the DP and complete all formalities required for opening a new Demat account. Guardian details entered earlier have to be deleted.
  • How many depositories available in India, and Is Narnolia providing service for all the depository?

    There are two depositories available in India, NSDL & CDSL. We provide Demat services for both.

  • Can I have multiple DP account with one depository Participant

    You can open more than one accounts with the same DP as there is no restriction on the number of accounts.

  • Can I open a single account for securities ownn different ownership patterns?

    No, the Demat account must be opened in the same ownership pattern in which the securities are held in the physical form.

  • What do I do if I have physical certificates with the same combination of names, but the sequence of names is different?

    You can open one account with two account holders and put in the security certificates with a different order of names for dematerialization, in the same account. You will have to fill up an additional form named Transposition cum Demat form. It helps you to effect change in the order of names as well as dematerialize the securities.

  • Can I operate a joint account on "either or survivor" basis just like a bank account?

    A Demat account can't operate on "either or survivor" basis like the bank account.

  • Can I add or delete names of accountholders (second or third accountholder) after opening the account ?

    Names of the accountholders for a depository account cannot change. If you want to change the name or add/delete an account holder, you need to open a new account in the desired holding pattern (names) and transfer the securities to the newly opened account. It will be your choice to close the old account.

  • Can someone else operate my demat account on my behalf on the basis of Power of Attorney?

    With your authorization through POA, other people can operate your account. However, you need to submit a Notarized copy of the POA to your DP.

  • What is DIS?

    DIS stands for Delivery Instruction Slip. It is an instrument to get shares from one account to another, within the same depository or inter-depository.

  • What is the procedure to get a new DIS book?

    You can submit the requisition form to your branch. After receiving the requisition form, DIS book will issue to you.

  • Where from I get the requisition slip?

    Requisition slip is available in the DIS book available with you.

  • What I have to do If I do not have DIS slip with me?

    You can intimate the requirement to your relationship manager. You can send a mail to care@narnolia.com requesting for requisition form for DIS book. After receiving the requisition form from our end, you need to submit the form to your branch.

  • What is the process of transfer of shares?
    • You can submit the duly filled and signed DIS form to your branch.
    • You can also send it to the head office.
    • After receiving the DIS from your end, we will process the transfer.
  • What is meaning of Pledge?

    In case, an investor takes a loan against securities those securities will be pledged in favor of the lender. The borrower is called Pledgor, and the lender is called Pledgee.

  • Can securities in demat mode be pledged?

    Yes, securities held in Demat mode can pledge. Moreover, the procedure for pledging securities in Demat form is very convenient, both, for the pledgor and the pledgee.

  • What is the procedure for pledging securities?

    Following are the steps involved in pledging of Demat securities:

    • The pledgor and the pledgee must have BO accounts with the Same Depository. These accounts can have the same DP or different DPs.
    • The pledgor BO has to fill up the Pledge Request Form (PRF) in duplicate and submit the same to its DP.
    • After receiving the PRF from the pledgor, the pledgor’s DP will set up a pledge request in the depository system, and a unique Pledge Sequence number (PSN) will generate.
    • The pledge request is available to pledgee’s DP through Depository system. The pledge will have to submit instructions to its DP for acceptance or rejection of pledge request by filling up the pledge request form accordingly. If pledgee has given standing instructions to accept the pledges created in its favor to its DP, then pledgee need not submit an instruction to accept the pledge to its DP separately.
    • The pledge gets created on acceptance of pledge request by the pledgee DP.
    • The loan agreement and disbursement of the loan are outside the Depository system. The pledgee is required to inform only the agreement no. in a pledge request form.
  • In physical form pledged shares have to be handed over to the pledgor. What happens when dematerialized securities are pledged?

    When dematerialized securities pledged, they remain in the pledgor Demat account in a locked condition so that the same cannot use for any other transaction.

  • How are the securities unpledged in the depository system after the loan is repaid?
    • The pledgor has to fill up the Unpledge Request Form (URF) in duplicate and submit the same to its DP.
    • On receipt of the URF, the pledgor’s DP set up an unpledge request in the depository system using the PSN generated at the time of creating the pledge. A un pledge request can be for part or entire quantity of pledged securities.
    • The pledgee’s DP has the facility to access the request through the Depository system. Based on a copy of URF submitted by the pledgee, the pledgee’s DP either accepts or rejects the unpledged request.
    • Pledgee can unpledge the securities with the help of duly filled URF to his DP. This facility is called Auto Unpledge where no instruction is required to be given by the Pledgor.
  • How is a pledge invoked if the loan is not repaid?

    The pledgee may instruct the DP to invoke by submitting Invocation Request Form (IRF). On execution of this instruction, the securities are moved from Pledgor’s account to the pledgee’s account. Invocation does not require any confirmation from the pledgor. Pledgor is informed of the movement of securities by his DP.

  • Can all types of securities be pledged?

    Yes, technically all types of securities can pledge. It depends on pledgee to accept security for the pledge or not.

  • Can lock-in securities be pledged?

    Yes, CDSL system permits pledging of lock-in securities. Pledged securities which are under lockin can invoke by the pledgee only after the lock-in period is over.

  • Who receives corporate benefits on the pledged securities?

    The pledgor continues to remain the beneficial owner of the pledged securities and will, therefore, be receiving the corporate benefits during the period of the pledge.

  • Is dematerialization of securities compulsory?

    According to the Depositories Act, 1996, an investor has the option to hold securities either in physical or electronic form. Part of holding can be in physical form and part in Demat form. However, SEBI has notified that settlement of market trades in listed securities should take place only in the Demat mode.

  • What type of instruments are available for demat at DP?

    All types of equity/debt instruments viz. Equity shares, Preference Shares, Partly paid shares, Bonds, Debentures, Commercial Papers, Certificates of Deposit, Government Securities (G-SEC), irrespective of, whether these instruments are listed / unlisted / privately placed can dematerialize with NSDL/CDSL, in case they admitted with NSDL/CDSL.

  • What is the procedure for dematerialization?

    Following steps are involved in dematerialization of physical securities:

    • A client who wishes to dematerialize securities in the physical form needs to submit duly filled and signed Demat request form (DRF) to his DP.
    • A separate DRF should fill up for free securities and lock-in securities.
    • DP will verify the details and setup Demat request in the system. The DP will then deface and mutilate the certificate and send the same along with the DRF to Issuer/RTA.
    • On confirmation by the Issuer/RTA, the BO’s account will be credited with the number of securities dematerialized.
  • What happens to the physical certificates after they are dematerialized?

    After dematerialization, physical certificates may be retained/destroyed by the Issuer / RTA.

  • Is it compulsory to mention the ISIN of the security while filling up the DRF?

    Yes! the ISIN of the security should be mentioned in the DRF, to ensure that the correct security is Dematerialized. However, if the investor does not know the ISIN, the same can be obtained from the DP or from NSDL/CDSL website.

  • Is transfer deed required for dematerializing physical certificates?

    There is no need to fill a transfer deed. The physical certificates have to accompany by a DRF. It can obtain from the DP.

  • Can I hold my securities partially in physical form and partially in demat form?

    Part of the holdings can hold in physical form as per your choice. Note: Part dematerialization of holdings represented by a single physical certificate is not allowed.

  • Can a sole holder of the share certificate, add any name as a joint holder, at the time of dematerializing the share certificate?

    It is not possible to add any name in the time of dematerialization of a share certificate. If the shares are holding under a single name and intended to hold in any joint account, they need to transfer to such names before they are dematerialized. Alternatively, such shares can dematerialize first in the Demat account in the single name and then transferred to the Demat account in the joint names, or vice-versa, through an off-market transaction.

  • If securities of a company are not admitted with NSDL or CDSL, what should an investor do to get his physical shares dematerialized?

    The investor should request the company to have that security admitted with NSDL/CDSL, and once that is done, they can get their physical shares dematerialized.

  • Can securities in odd lots be dematerialized?

    Yes, securities in odd lots can dematerialize.

  • Do dematerialized securities have certificate number, distinctive range number or certificate numbers?

    Dematerialized securities do not have any of the numbers mentioned above. Securities held in the Demat form is fungible, which means that any share of an ISIN is similar to any other share of that ISIN.

  • Can electronic holdings be converted back in physical certificate form?

    Yes, it can do through Re-materialization, which is the process of converting electronic holdings back into physical certificates. Refer FAQs on Re-materialization for details of the process.

  • Can debt instruments, government securities and mutual fund units be dematerialized in the same demat account?

    Yes, debt instruments, mutual fund units, government securities can also hold in dematerialized form in the same Demat account where equities are held.

  • What is Transposition-cum-demat?

    The transposition-cum-Demat facility enables an investor to transpose names of the joint holders in desired order along with the process of dematerialization of certificates. Transposition-cum-dematerialization facilitates dematerialization of certificates held in different order of names through one Demat account, provided the securities to be transposed are held in the same joint names, but, in a different order.

  • What procedure should be followed by the me for transposition-cum- dematerialization request?

    You should submit a Transposition Request Form (TRPF) along with the DRF and the share/securities certificates to DP. It should note that a separate TRPF would have to fill for each ISIN.

  • Whether a separate TRPF should be filled for each combination of names?

    A different combination of names can list in separate boxes in section-(c) of the TRPF. In case, the space provided in the TRPF is not sufficient, a separate form or an annexure may use.

  • What are the requirements for availing of the transposition-cum-demat facility?

    The application for transposition should contain only those names in which the BO account has opened. Signatures of all the holders affixed on TRPF should tally with the DP’s records.

  • What is transmission?

    Transfer of Electronic balances in a BO’s account to successors/nominee in case of sole holder account and to the account of surviving joint holders in case of a joint account.

  • What is the significance of transmission in dematerialization?

    Certificates held in joint names have to dematerialize in a Demat account in the name of joint holders only. If one (or more) of the joint holder(s) expires before the certificates are dematerialized, the surviving holder(s) need not send the certificates to the issuer to change the names on the share certificates. Such certificates can still be dematerialized in the existing account. In such a situation the BO can use the transmission – cum – Demat facility offered by NSDL/CDSL.

  • What procedure should be followed by the client for transmission-cum- dematerialization request?

    The client should submit Original or a copy of the death certificate of the deceased holder(s) notarized/attested by a gazetted official and a Transmission Request Form (TRF) along with the DRF and the share/securities certificates to his DP for each Demat request.

  • What is rematerialization?

    Rematerialization is the process of converting securities held in electronic form in a Demat account into physical certificates.

  • What is the procedure for rematerialization?

    The BO who wishes to have his dematerialized holdings of securities rematerialized has to submit duly signed Re-materialization Request Form (RRF) to his DP. RRF can sign by the POA holder. The POA must register with the Issuer/RTA. On verification of the form, DP will generate the re-mat request in the system and will send it to Issuer/ RTA. On confirmation by the Issuer/ RTA, the balance will debit from BO’s Demat account. The Issuer/RTA then issue securities in physical form to the BO directly.

  • Is it possible to rematerialize lock-in securities held in a demat account?

    Yes, lock-in securities in a demat account can be rematerialized. If a BO has free as well as lock-in securities in his account for an ISIN then a separate RRF is to be submitted for re-materialization of free quantity and quantity under lock-in. If lock-in balance is for different lock-in reasons or different lock-in expiry dates then a separate RRF is to be submitted for each lock-in reason / lock-in expiry date combination.

  • In case of request for re-materialization, does one get back the same certificate(s) that was dematerialized?

    No, the Issuer/RTA will issue a new certificate. The new certificate may issue under new folio number or in the existing folio, in case the investor already has one with the company.

  • If the physical certificate issued on re-materialization has some mistake in the name or any other details, whom should the investor contact?

    The Issuer or RTA should contact in case of a mistake in the name or any other details in the physical certificate issued.

  • Does the re-materialization attract any stamp duty?

    No, re-mat does not amount to transfer and does not attract any stamp duty.

  • What does transmission mean in relation to demat accounts?

    Transmission is the process by which securities of a deceased account holder are transferred to the account of the surviving joint holder(s)/nominee/legal heirs of the deceased account holder. Process of transmission in case of dematerialized holdings is more convenient as the transmission formalities for all securities held in a Demat account can be completed by submitting documents to the DP whereas in case of physical securities the surviving joint holder(s)/nominee/ legal heirs has to correspond independently with each company in which shares are held.

  • What is the procedure for transmission of securities to the nominee in case of the death of the sole account holder?

    In case of the death of the sole holder, the nominee has to submit a duly filled-in transmission form, notarized copy of death certificate and an affidavit in the given format to the DP. After verifying these documents and if found in order, the DP will transmit the securities to the account of the nominee.

  • What would happen if no nomination is made for the account?

    In case the nomination is not made by the sole account holder, the securities would transmit to the account of the legal heir(s), as may determine by order of the competent court. However, in cases where the value of the securities to be transmitted, is less than Rs. 5,00,000/-, the DP may process the request based on submission of a necessary letter of indemnity, surety, affidavits, and NOC documents.

  • What is the procedure for transmission in case of Joint Accounts?

    In the event of the death of one of the joint holders, the securities will transmit to the surviving holder(s) on submission of Transmission Form, and notarized copy of the death certificate of the deceased joint holder to the DP. For transmission of securities, the account of the surviving holder(s) must be in the same sequence in which the names appear in the joint account to close.

  • Is it possible to give delivery instructions to the DP over Internet and if yes how?

    Yes, NSDL/CDSL has a facility for delivering instructions to your DP over the Internet, called SPEED-e / Easiest. The facility can use by all registered users. Your DP will help you in registering for the facility.

  • How does SPEED-e / easiest work?

    You can submit delivery instructions electronically after your DP has authorized you to operate your account through the SPEED-e/easiest facility. You can monitor the status of such delivery instructions to ensure that the instructions have executed.

  • How can I, as a Demat Account-holder benefit from SPEED-e / easiest?

    The benefit offered by SPEED-e / easiest to a demat account holder is the convenience of conducting demat account transactions using an Internet connection from anywhere at any time eliminating paperwork. Time and efforts for obtaining delivery instruction forms from your DP and submitting them to the DP every time is saved.

  • What are the IDEAS and EASI facility?

    IDEAS is a facility provided by NSDL so that clients can view holdings and transaction directly onhttps://eservices.nsdl.com EASI, is a facility provided by CDSL so that clients can view holdings and transaction directly on https://www.cdslindia.com

  • What Type of charges do I have paid for the depository service availing by me?

    The DP charges you for various services are mentioned in the Schedule of Charges which is a part of the account opening agreement.

  • How can I know how much bill I have to pay for my transaction done?

    On the generation of Bill, we are sending Transaction cum billing statement through the mail, or you can also view the bill in online back office, or you can give a request to your relationship manager or Customer Support Service.

  • How can I know my demat holding statement?

    You can view the Demat holding statement by login online back office, or you can give a request to your relationship manager or customer support service.

  • Who can appoint a Nominee?

    All individuals including NRIs and Foreign Nationals opening Demat accounts singly or jointly appoint a nominee. In case it's a joint account, all the joint holders required to sign the nomination form.

  • Who can be appointed as a nominee?

    Only an individual can appoint as a nominee. Non-individual entities such as trust, corporate, HUF, AOPs etc cannot appoint as a nominee.

  • How many nominees can be appointed as nominee for a demat account?

    Maximum three individuals can appoint as a nominee for a Demat account.

  • Can the nomination given once be changed / deleted?

    Yes, the nomination can change/delete when required by submitting the form duly signed by all account holders to the Depository Participant.

  • What is the procedure to appoint a nominee?

    The Account holder is required to fill a standard nomination form available with the DP. The nomination form has to sign by witnesses. In case the account is a joint account, the nomination form should sign by all account holders. A witness cannot appoint as the nominee.

  • Can a minor be appointed as a nominee?

    Yes, a minor represented by a guardian can appoint as a nominee.

  • Can nomination be given for a Joint account?

    Yes, the nomination can give for a joint Demat account. Maximum three individuals can appoint for all the account holders of the Demat account. Each of the joint holders can't appoint a separate nominee.

  • Who cannot nominate?

    Non-individuals such as societies, trusts, body corporate, Karta of Hindu Undivided Family, and holders of power of attorney cannot make a nomination.

  • Can a NRI be appointed as nominee?

    Yes, a NRI can be appointed as a nominee.

  • In case of a joint demat account, can a joint holder independently ask for account modification?

    No. For a joint Demat account, account modification form has to be signed by all the joint holders.

  • If one of the joint holders expires, Can name of the deceased account holder be deleted from the account?

    In case, one of the joint holders expires, a new Demat account should be opened in the name of surviving joint holder and securities from the previous account should be transferred to the new account.

  • Can joint holder names be added / deleted from a demat account?

    No, if one of the joint holders expires, new Demat account should be opened in the name of surviving joint holders and securities from the previous account should be transferred to the new account.

  • Can joint holder names be added / deleted from a demat account?

    No, once a Demat account is opened addition/deletion of account holder names is not permitted.

  • Does a BO have to keep any minimum balance of securities in his demat account?

    A Demat account can open and maintain even with a nil balance.

  • Can holdings in a single holder account be transferred to a joint holder account?

    Securities can be transferred from a single holder's account to a joint account or vice-a-versa.

  • What is a ‘Basic Services Demat Account (BSDA)?

    BSDA is a special category of demat account which can be opened / held only by individual investors.

  • Can an Investor open/ maintain more than one demat account under BSDA category?

    In such a case, the first holder should not have any other Demat account as a first holder in across depositories. The value of the security, in the DP account, shall not exceed Rs. 200000/-

  • Can an investor convert an existing demat account in to BSDA category?

    Yes, an investor can convert an existing Demat account into BSDA category provided no other Demat account exists under the same Pan number, as a first/sole holder acress the depositories. The value of the securities shall not exceed Rs. 200000/-

  • Whether any Annual Maintenance charge (AMC) will be levied by DP to BSDA category accounts?

    As per SEBI directive, the charge structure will be based on the value of holdings in the accounts as indicated below:

    • No AMC shall be levied, if the value of holding is up to Rs. 50,000.
    • For the value of holding from Rs 50,001 to Rs 200,000, AMC not exceeding Rs 100 may be charged.
    • If the value of holding in such BSDA exceeds Rs. 200,000 at any date, the DP's may levy charges as applicable to regular accounts (non-BSDA) from that date onwards.
  • What is the use of POA?

    POA stands for Power of Attorney. It is an authorization to the broker they can take any decision regarding your DP account in an emergency.

  • What if I already have a Demat account with another depository?

    If you have a DP account with other company and want to attach the same with us, you need to provide below-mentioned documentation:

    • Client Master of that company DP account.
    • Modification form.
  • What is the process of On market sale in Narnolia?

    In case of On market sale, Client can directly send the hard copy of the DI slip to the DP department or can submit it through his/her RM. The transaction between client and broker is executed in T+2 days.

  • What is the process of Off market sale in Narnolia?

    In case of Off market sale, Client can directly send the hard copy of the DI slip to the DP department or can submit it through his/her RM. The transaction between NSDL to NSDL shares and CDSL to CDSL shares is executed in T+2 days.

  • What is the process to do inter-depository sale?

    In case of an Inter-depository market sale, Client can directly send the hard copy of the DI slip to the DP department or can submit it through his/her RM. The transaction between NSDL to CDSL shares and CDSL to NSDL shares is executed in T+2 days.

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