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The procedure involves converting your physical (paper) share certificates into electronic shares (with the help of the Registrar's and Share Transfer Agents of the Company) and maintained as your depository account with a distinctive Client I D NUMBER. This is very much like keeping your money in your savings (and other usual money holding) accounts in our computer systems. The shares are tabulated company wise and all your purchase /sale transactions are accurately recorded in your account called 'demat' account in common parlance. A monthly statement is regularly sent by courier for your ready reference.
After you buy your shares you have to provide your Client ID number as well our Bank's DP (short for Depository Participant) number which is IN300870 so that your broker OR seller (in case of off-market transaction) can instruct his DP to transfer these shares to your account with us.
Normally the credit of your shares is effected within one working day. When selling your shares please hand over to us your 'Delivery Instructions' in specially designed forms, supplied by us, similar to cheque book forms used in transactions of your account.
Shares and Securities are held in electronic form which are easily traded in the market since 99% of all trades in stock exchanges take place in dematerialised form.
Note : Please submit a copy of RBI approval while submitting Demat request form and delivery instruction forms.