State Bank of India DP

Hii sir, I Wants to get the Information About the Demant Services of the State Bank of India will you Please Provide It ?

[Arvind Kumar]

About the Demant Service :
Demat and Online Trading account will be held in the books of SBI Cap Securities Ltd.
(i) With effect from 01.04.2011, all the new demat accounts and Online Trading accounts will be opened in the books of SBI Cap Securities Ltd.

(ii) The existing demat accounts in the books of the Bank will continue to be maintained by the Bank.

Therefore, in new 3 in one facility, Savings/Current account will be held with SBI while

Features :
As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits:
Account Maintenance & Safe custody: Facilitates Maintaining Security Balance in electronic form
Dematerialization: Facilitates converting physical share certificate into electronic balances.
Rematerialization: Facilitates converting the electronic balances to physical (share certificate) form.
Account Transfers: Facilitates delivery/receipt of electronic balances consequent to market / off-market trades.
Pledge/Hypothecation: Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
Initial Public offer: Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies
Disbursement of corporate benefits: Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits as bonus and rights issues.
Benefits

Customer Care: You can now call our dedicated Customer Care 24X7 and rest assured that all your queries are taken care of.

Transact Anywhere: Now operate your Demat account from any of the 1000 plus Demat enabled branches of SBI.

Statements by e-mail: Receive your account statement and bill by email.

Demat Services Online Facility This convenient and paper free facility lets you operate from the comfort of your home or office through SBI s Internet Banking Facility -

Online Demat Statements: You can now view your Demat account details, statement of holdings, statement of transactions and statement of billing online.

Order Delivery Instruction Booklet online: No queues at branches anymore as you can now order your Delivery Instructions Booklet online and the same would be delivered at your doorsteps.

Check ISINs, Settlement Calendar and Status of Requests online

For more information you may Contact to the State Bank of India Customer Care Services the contact Detials Are given below

Contact Details :
State Bank of India
Customer service: 1800 425 3800