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Depository Services

As a depository participant of National Securities Depository Services Ltd, Dhanlaxmi Bank provides all depository-related services. By opening an account with NSDL through our bank, you can benefit from our comprehensive range of depository services.

Services provided:

  • De-materialization or conversion of physical shares into electronic form.
  • Re-materialization or conversion of electronic holdings into physical share certificates
  • Trading and Settlement through brokers
  • Pledging and hypothecation of shares against a loan from Dhanlaxmi Bank or any other financial institution
  • Freezing/Locking of account to withhold debits and credits
  • Corporate Action, including any rights/bonus allotment, or any allotments in Initial Public Offerings (IPO) that need to be credited directly to your depository account
In case of any complaints related to Demat Accounts please mail to dpcompliance@dhanbank.co.in
 
  • Immediate transfer of certificates
  • No risk of bad deliveries & fake securities, mutilation, theft, or misplacement of certificates
  • Convenient portfolio monitoring with reduced paper work and no stamp duty
  • Faster settlement cycle
  • Nomination facility
  • Periodic status report
  • Easy change of address
  • Direct credit of rights/bonus allotment, initial public offerings
  • In order to avail of our services, you are required to open a Depository Account with us.
  • Duly filled account opening form.
  • KYC application form.
  • Rights and Obligations of the Beneficial Owner and Depository Participant.
  • Copy of Pan Card (PAN card has to be shown in original for verification at the time of account opening).
  • Proof of Address.
  • Proof of Identity
 

 

 

 

 

 

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