Dhanlaxmi Bank

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

Features

Eligibility

Documents Required

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.
An agreement executed on stamp paper.
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

Internet Banking

Apply for a New Account

Depository Services