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Depository Service
The Indian capital market went through a major transformation with the introduction of the depository system which replaced the paper-based settlement of trades. The depository system is one in which securities are held electronically and transactions are processed by book entry. In the depository system, securities are held in depository accounts similar to bank accounts. The depository system links the issuers, the depository, the depository participants (DPs), and clearing houses of stock exchanges, facilitates holding of securities in dematerialised form and effects transfers by means of account transfers. This method does away with all the risks and hassles normally associated with paperwork and also lower the cost of transactions.
99 per cent of trading of shares in India has been dematerialised. Around 7383 companies along with a host of debt instruments and commercial; papers are available for Demat.
Market News
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
SEBI Regn. No. :-INZ000173837
SEBI Regn. No. :-INZ000173837
SEBI Regn. No. :-INE261284739
SEBI Regn. No. :CDSL-IN-DP-294-2016

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