Demat

Demat

DEMAT Account Through Surat People's Bank :

• Physical Security holding are converted into Electronic holdings so no fear about loss of paper form securities, theft, fire or mutilation.
• No worry about bad delivery.

Comfort / Convenience

• Speedy sale-purchase & transfer.
• No botheration for storing and preservation and no loss of securities.
• Sale-purchase, credit-debit by written mandate only.
• Freedom from inconvenience due to wrong signature and other objection in stock exchange.
• Security transfer without share transfer forms.
• Freedom from botheration to inform change of address to all the companies.
• Rematerialisation facility available.
• Easy to pledge security and to get loan.
• Direct credit of corporate benefits like Bonus, Market Shares and Right Share in your account.
• Direct credit of Shares, Securities purchased from Market.
• Online facilities to view demat account statements through IDEA facility and online submission of market instructions through SPEED-E facility.

Nominal Service Charges

• No stamp duty expense on transfer of securities.
• Saving of postal expenses and time etc.
• Very small amount of brokerage for sale / purchase of shares and securities
• Competitive interest will be charged on loans/advances against DEMAT shares & securities.

Depository Participant Service Dept: