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Demat

  • Basic Services
  • Services Offered
  • About Demat
  • Do's and Don'ts
  • Resources
  • Other information
Basic Services

Bank of Baroda India’s International Bank are depository participant of Central Depository Services Limited as well as National Securities Depository Limited.


Under the provisions of the Depositories Act, Bank of Baroda provides various services to investors and other participants in the capital market such as an individual, non-resident Indian, foreign institutional investor, trusts, clearing houses, financial institution, clearing members and mutual funds. These include basic facilities like account maintenance, dematerialisation, settlement of trades through market transfers, off market transfers and inter-depository transfers, distribution of non-cash corporate actions and nomination/transmission


To avail of the various services offered by NSDL an investor/a broker/an approved intermediary (for lending and borrowing) has to open a NSDL depository account with any of its DPs.


To avail of the various services offered by CDSL, an investor/a broker/an approved intermediary has to open a NSDL depository account with any of its DPs.


Features of Demat account
  • Free account opening.
  • No account maintenance charges (AMC) first year.
  • Free SMS alert facility.
  • Free ASBA (app supported by blocked amount)
  • Free nomination.
  • Transparent services charges.
  • No hidden charges.
  • Free monthly transaction statements.
  • Easiest facility available to view your securities online in CDSL demat account.
  • IDeaS/SPEED-e facility available to view your securities online in NSDL demat account.

How to open Demat accounts?
  • You can download the account opening forms from the site and submit them at our demat authorised branches.
  • You can also visit the demat authorise branches offering demat service for opening of account.
  • You can apply for demat and trading account online for single holder with CDSL depository. This facility is available for individual resident only.

Documents to be submitted for opening of Demat account
  • Account opening form
  • Copy of PAN Card
  • Copy of Aadhaar Card
  • Latest address proof
  • One cancelled cheque leaf or bank statement copy (not more than 3 months old)
  • 2 passport size photograph

Attention 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.
  • Prevent unauthorized transactions in your demat/trading account. Update your mobile number/email ID with your depository participant/stock broker. Receive alerts on your registered mobile/email ID for all debit and other important transactions in your demat/ trading account directly from NSDL/CDSL/Stock Exchanges on the same day......................issued in the interest of investors.
  • 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.
  • For demat related issues, you may write to us at demat@bankofbaroda.com
  • For Trading related issues you may write at contactus@bobcaps.in

If not satisfied with response of the Depository participant, you may contact the concerned stock exchange/depository at the following:

Exchange Web Address Contact No Email-id
BSE www.bseindia.com 022 22728517 is@bseindia.com
NSE www.nseindia.com 1800220058 ignse@nse.co.in
MCX-SX www.mcx-sx.com 022 61129000 info@mcx-sx.com

Depository Web Address Contact No Email-id
CDSL www.cdslindia.com 18002005533 complaints@cdslindia.com
NSDL www.nsdl.co.in 02224994200 relations@nsdl.co.in

You can also lodge your grievances with SEBI at http://scores.gov.in . For any queries, feedback or assistance, please contact SEBI Office on Toll Free Helpline at 1800227575 / 18002667575.

Services Offered

Various services offered by DPs with respect to these accounts are as follows:

Standing Instruction Facility

DP enters the advice for the transfer of securities to or from a beneficial owner's account only on receipt of instructions from the client. The clients need to give delivery instruction to transfer securities from their account and receipt instruction to get credit into their account. However, for ease of operation, a facility of standing instruction is provided to the clients for receiving securities to the credit of their accounts without any further instruction from them.


Change in Address

The client can change his address by submitting the changes in writing to the DP. The changes conveyed to the DP will be automatically communicated to the companies in which he is holding shares in dematerialised form.


The following requirements should be complied with in case of individuals:

  • The customer should personally visit the demat authorise Branch.
  • In case of joint holdings, all holders must sign the modification form.
  • In case of any cancellation done on the request form, the same needs to be counter signed by the customer(s).
  • Self-attested proof of identity (PAN card is mandatory) of the customer (sole holder or either of the holders) visiting the Branch as per KRA guidelines.
  • Self-attested proof of new address (photocopy of any one of the documents listed in the checklist) along with the original documents of the new address.

The following requirements should be complied with in case of non-Individuals:

  • Customer needs to submit an application for change of address of the corporate entity, signed by the authorised signatories.
  • Along with the application for change of address, following documents are required mandatorily.
  • A copy of PAN card of corporate duly attested by the authorised signatory.
  • A self-attested copy of PAN of authorised signatory visiting the branch for submission.
  • At least one of the authorised signatories should visit the branch in person to submit its application for change of address, along with necessary documents and sign the application once again in the presence of the branch officials.

Proof of Identity
  • A photocopy of the PAN card of the account holder visiting the Branch. If PAN copy is not submitted, the request will be rejected.

Proof of Address (to be taken for primary account holder)
  • Aadhaar Card
  • Passport
  • Voter ID
  • Driving license
  • Verified copies of electricity bills (not more than three months old)
  • Residence fixed line telephone bills (not more than three months old)
  • Leave and license agreement/ agreement for sale
  • Self-declaration by High court and Supreme Court judges, giving the new address in respect of their new account
  • Identity card/flat allotment letter having address issued by Central/State Government and its departments statutory/regulatory authorities, public sector undertakings, scheduled commercial banks, public financial institutions, professional bodies such as ICAI, ICWAI, ICSI and Bar Council
  • 3-month bank statement/passbook (not more than 3 months old as on date of receipt of documents)

Bank Account Details

Details of bank account of the client, including the 9-digit code number of the bank and branch appearing on the MICR cheques issued by the bank have to be given to the DP at the time of account opening. Companies use this information for printing them on dividend/interest warrants to prevent its misuse. In case the client wishes to change this bank account details, he can do so by submitting the changes in writing to the DP via modification form and copy of cancelled cheque.


Nomination
  • A client can make a nomination of his/her account in favour of any person by filing the nomination form with his DP. Such nomination is considered to be conclusive evidence of the account holder(s) disposition in respect of all the securities in the account for which the nomination is made.
  • Nominees can be appointed by individuals only. Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu undivided family, holder of power of attorney cannot nominate. Where a minor is appointed as a nominee, the name and address of the guardian is also required to be obtained.
  • The nomination can be changed/deleted anytime by the account holder(s) by submitting a duly filled-in nomination form to the branch where his demat account is maintained.
  • NSDL vide Circular Number # NSDL/POLICY/2016/0096 dated 01/12/2016 and CDSL vide Circular Number # CDSL/OPS/DP/SYSTM/6250 dated 17/11/2016 have facilitated multiple nomination for demat accounts. Nomination can be made up to three nominees in a demat account. In case of multiple nominees, the client must specify the percentage of share for each nominee that shall total up to hundred percent. In the event of the beneficiary owner not indicating any percentage of allocation/share for each of the nominees, the default option shall be to settle the claims equally amongst all the nominees. Any odd lot after division shall be transferred to the first nominee mentioned in the form.

Dematerialisation

Dematerialisation is the process by which a client can get physical certificates converted into electronic balances.


Rematerialisation

Rematerialisation is the process of converting the securities held in electronic form in a demat account to an equivalent number of securities in physical form (certificates) after debiting the same from the demat account.

Transposition cum Demat

This is a facility whereby securities held jointly can be dematerialised in an account of same joint holders but having different sequence of names. e.g. securities held in joint names of X and Y can also be dematerialised in an account opened in the names of Y and X by submitting an additional form called transposition formalong withdematerialisation request form (DRF) to the DP.


Consolidation of Accounts

Some clients could have opened multiple accounts to dematerialise their shares held in multiple combinations and sequence of names. However, they may not need so many accounts after they have dematerialised their securities and may want to bring all their shareholdings into one or fewer accounts. Using off-market account transfer instruction such consolidation can be done.


Closure of Account

If you want to close your demat account, you need to make a request for it in the prescribed form. The account closure form is available on website and at any Branch providing demat services. Please submit the duly filled-up form at the branch where your demat is maintained.


Before submitting the form, please ensure that:

  • Either there are no holdings in the account or you have requested transfer of all the holdings present in the account in the account-closure form (transferring the holding balance to the credit of another demat account opened by the same account holder(s) either with the same DP or with a different DP.)
  • You have paid all your dues.

Freezing of Accounts

Account freezing means suspending any further transaction from the depository account till the account is de-frozen. The client has an option to freeze his account in case he does not intend to do any transaction in the near future. These helps in curbing unauthorised use of demat account and prevention of frauds. Once freezed, the account can be de-freezed only on the instruction of the account holders.


De-freezing of the account is required to enable the account again for transaction.


A depository account maintained with a DP can be frozen if the DP receives a freeze request form from the client. A frozen account can be de-frozen or re-activated if the client submits unfreeze request form to the DP.


Demat Services/Utilities
  • IDeAS(NSDL): facility to check balance and transactions online.
  • SPEED-e (NSDL): facility to submit delivery instructions to us through SPEED- e website https://eservices.nsdl.com.
  • Easi (CDSL): Access of Demat account through the internet to check the details of their holdings/ valuation and transactions, corporate announcements, anytime anywhere, through CDSL’s website www.cdslindia.com
  • Easi/Easiest(CDSL): electronic access to securities information and execution of secured transactions.
What is Dematerialisation of Securities (demat)? and How does it work?
  • Dematerialisation of Securities (demat)
  • Process of dematerialisation
  • Availability of forms
  • Filling up the form
  • Submitting the form
  • Rejection of demat requests
  • Transmission-cum-demat

Dematerialisation of Securities (Demat)

Dematerialisation is the process of converting the securities held in physical form (certificates) to an equivalent number of securities in electronic form and crediting the same to the investor's demat account.


Selected securities announced by SEBI can be delivered only in demat form in the stock exchanges connected to NSDL/CDSL.


All the names on the demat account opening form should be exactly the same as stated on the physical certificates to ensure seamless dematerialization of securities.


Process of Dematerialisation
  • An investor intending to dematerialise its securities needs to have a demat account with a DP.
  • To convert the physical shares into electronic/demat form, a dematerialization request form (DRF), has to be filled in and deposited along with share certificates. The investor has to deface and surrender the certificates registered in its name to the DP. On each share certificate, 'surrendered for dematerialization' needs to be mentioned.
  • The DP needs to process this request along with the share certificates to the company and simultaneously to registrars and transfer agents through the depository.
  • After intimating depository electronically, the DP sends the securities to the concerned issuer/R&T agent.
  • If the issuer/R&T agent finds the certificates in order, they communicate to depository the confirmation of dematerialisation request electronically and the share certificates in the physical form will be destroyed.
  • The depository will then confirm the dematerialization of shares to the DP. Once this is done, a credit in the holding of shares will reflect in the investor's demat account electronically.
  • The normal time taken for credit of shares to the account after confirmation by the Registrar is about 30 days. However, the time taken would vary from one registrar to another over which Bank has no control.

Availability of Forms

Submit a completely filled-up demat request form (DRF) in triplicate for each ISIN along with the defaced physical certificates. The forms are available at any Bank of Baroda branch offering demat services.


Filling up the form

Ensure that security mentioned on the certificates is eligible for demat. For being eligible for demat, the company has to sign up with NSDL/CDSL.


Use a separate DRF for each security having a unique International Security Identification Number (ISIN). Verify the certificates carefully and mention the correct ISIN. In case two or more sets of certificates of the same security have different ISIN (this is possible in case of partly paid up shares and non-pari passu shares), use separate DRFs for each ISIN. However, you can dematerialise multiple folio nos. of the same pattern of holders relating to the same ISIN under a single DRF.


Submit certificates under lock-in under separate DRF. Do not mix the same with free securities. In case of locked-in securities, fill up the lock-in reason and lock-in release date on the DRF. Amongst lock-in securities belonging to the same ISIN but having different lock-in release dates or lock-in reason, make separate DRF requests.


Demat requests received from client(s) with name(s) not matching exactly with the name(s) appearing on the certificates merely on account of initials not being spelt out fully or put after or prior to the surname, can be processed. However, this is possible only if the signature(s) of the client(s) on the DRF tallies with the specimen signature(s) available with the Issuer or its Registrar. For example, the shareholder may have opened the depository account in the name of Tanmay Kumar Shah but his name on the share certificate may appear as T.K. Shah or Tanmay Shah, etc.


The combination and the order of holders' names on DRF and as printed on the certificates should be identical with that in the DP account. For example, if the shares are in the name of X, Y (X as first holder and Y and second holder) it cannot be dematerialised in the account of either X or Y alone. Also if the shares are in the name of X, they cannot be dematerialised in the account of X, Y (X as first holder and Y as second holder).


However, where the combination of holders is the same in the certificates and in the demat account, and the difference is only in the order in which the name of the holders appear on the share certificates and in the demat account, dematerialisation is possible. Here, you have to submit a transposition request form along with the DRF. The form is also available at the nearest Branch.


The DRF must be signed by all the account holders and should be in the same order. The signature on the DRF should match with the specimen signature with Bank of Baroda. If the signature differs, you should sign the DRF in the presence of the Branch Officer


The details of certificates such as the folio no., certificate no., and distinctive no. must be filled up correctly on the DRF.


Submitting the form

You must deface the certificates by putting a stamp or by writing ''Surrendered for Dematerialisation". However, defacing should be done only after checking the eligibility of security, as defaced securities cannot be sold in physical form. If defacing has been done by mistake then you should send the same to registrar for replacement. *NSDL Business Rule 11.1.7.


The Participant shall ensure that the certificates submitted for dematerialisation are marked by the Client (customer) with the words "Surrendered for Dematerialisation".


Certificates should not be mutilated or defaced in such a way that the material information is not readable. Ensure that the certificates are attached in the same order as mentioned in the DRF. You should submit the DRF in triplicate to the branch. The acknowledgement slip at the bottom of the form will be stamped and handed over to you after verification by Bank official.


Rejection of Demat Requests

Dematerialisation request may get rejected for various below mentioned reasons either at the demat back office of Bank of Baroda or by the Registrar. Dematerialisation is done by the Registrar only when it is satisfied of genuineness of securities and ownership status.


On a rejection, the securities are sent back to DP stating the reason for the rejection. DP returns the rejected DRF request to branch and customer can collect from branch.


Customer can resubmit the certificates for dematerialisation after resolving the reason for the rejection. Please resubmit on a fresh DRF. Do not use the same DRF on which the objection was made.


Some common reason for Rejection of DRF request:


A dematerialisation request can be rejected in the case of the following objections:

  • Signature(s) of client on demat request form do not tally with specimen of signatures holder(s) recorded with R&T agent.
  • Details of all/some certificate(s) differ in demat request form received by R&T agent from DP.
  • Name(s) of holder(s) on all/some certificates received by R&T agent differs in demat request form received by R&T Agent from DP.
  • Physical quantity of shares/certificates received by R&T Agent from DP is less than or more than what is mentioned in demat request number or form.
  • All/ some certificates received by R&T Agent from DP is/are found to be fake.
  • All/ some certificates received by R&T Agent from DP is/are reported lost or stolen and a stop is recorded in computer master file(s) of R&T Agent.
  • All/ some certificate(s) sent to incorrect R&T Agent by DP.
  • Stop recorded as per Bank lien/Statutory Authority/Court Order, etc. in computer master file(s) of R&T Agent against all/some certificates) received for dematerialisation from DP.

Transmission-cum-Demat

In case of certificates held jointly, on the death of any one or more of the joint holder(s) mentioned on the certificate, the surviving joint holder(s) can get the name(s) of the deceased deleted from the physical certificate(s) and get the securities dematerialised in the DP account of the surviving holder(s) by submitting the following documents along with the DRF:

  • A copy of the death certificate duly notarised
  • A copy of the succession certificate duly notarised or an order of a court of competent jurisdiction where the deceased has not left a Will or
  • A copy of the Probate or Letter of Administration duly notarised.

Transmission of securities refers to the transfer of securities from an account to another as a result of the death of the sole/any of the holders of the former account. For this the latter need not approach each issuing company or its R & T Agent. Only the DP of the former account needs to be approached. Here the transfer may be done to:


Surviving holders

If the former account is a joint holding account and there is at least one survivor, the survivor(s) can request the DP for the securities to be transferred to his/their demat account. Surviving holder(s) has to request the DP vide a form called the transmission form along with a copy of notarised death certificate and original client master having demat account details of surviving holder to transmit the securities lying in the account of the deceased holder. For this purpose, the surviving clients must have a depository account, which can be with the same DP or with a different DP.


Nominee where a nomination has been made

Upon the death of sole account holder or there is no survivor amongst the account holders and a nomination had been made by the holder(s) earlier, the nominee can request the DP for the securities to be transferred to his demat account.


The nominee must request the DP in writing along with a certified true copy of the death certificate and transmission form and original client master having demat account details to transmit the securities covered by the nomination to the account of the nominee. The DP will ensure the completeness of the form and validity of the signature of the client and then execute the transmission request. Thus, transmission of securities where nomination has been made eliminates the need of cumbersome legal documents such as will, succession certificate, etc.


In addition to the documents specified under above, an affidavit duly completed by the nominee in the format specified by NSDL/CDSL and attested by a notary/magistrate should be submitted by the claimant.


Legal heir where nomination has not been made

In case of death of the sole holder, the legal heir(s) or legal representative(s) of the deceased must request the DP to transmit the balances lying in the client account of the deceased to the account of the legal heir(s) or legal representative(s). For this, the legal heir (s) or the legal representative(s) of such securities must submit an instruction called the transmission form to the DP along with the following documents:

  • A copy of the death certificate duly notarised
  • A copy of the succession certificate duly notarised or an order of a court of competent jurisdiction where the deceased has not left a Will; or
  • A copy of the Probate or Letter of Administration duly notarised.

However, if the legal heir(s) or the legal representative(s) express inability to produce either of the documents mentioned under (b) and (c) above, and the market value of the securities held in each account of the deceased as on the date of application for transmission does not exceed Rs. 1 lakh, then the DP will process the transmission request on the basis of the following documents:

  • Transmission form;
  • Copy of the death certificate duly notarised;
  • Letter of Indemnity duly supported by a guarantee of an independent surety acceptable to the DP, made on appropriate non judicial stamp paper;
  • An affidavit made on appropriate non judicial stamp paper; and
  • No objection certificate(s) from all the legal heir(s) who do not object to such transmission.
  • Original client master having demat account details

The DP will ensure that the documents submitted by the legal heir(s) or the legal representative(s) are in order and will then effect a transfer of the balances to the client account of the legal heir(s) or the legal representative(s). After effecting the transmission, the DP will close the account of the deceased.

Do's
  • Transact only through stock exchanges.
  • Deal only through SEBI registered intermediaries.
  • Complete all the required formalities of opening an account properly (client registration, client agreement forms, etc.)
  • Ask for and sign 'Know Your Client Agreement'.
  • Read and properly understand the risks associated with investing in securities/derivatives before undertaking transactions.
  • Assess the risk-return profile of the investment as well as the liquidity and safety aspects before making your investment decision.
  • Ask all relevant questions and clear your doubts with your broker before transacting.
  • Invest, based on sound reasoning after taking into account all publicly available information and on fundamentals.
  • Give clear and unambiguous instructions to your broker/sub-broker/depository participant.
  • Be vigilant in your transactions. Insist on a contract note for your transaction.
  • Verify all details in contract note, immediately on receipt.
  • Crosscheck details of your trade with details as available on the exchange Web site (www.bseindia.com/www.nseindia.com).
  • Scrutinize minutely both the transaction and the holding statements that you receive from your depository participant.
  • Keep copies of all your investment documentation.
  • Handle Delivery Instruction Slips (DIS) book issued by DPs carefully.
  • Insist that the DIS number is pre-printed and your account number (client ID) is pre-stamped
  • In case you are not transacting frequently make use of the freezing facilities provided for your demat account.
  • Pay the margins required to be paid in the time prescribed.
  • Deliver the shares in case of sale or pay the money in case of purchase within the time prescribed.
  • Participate and vote in general meetings either personally or through proxy.
  • Be aware of your rights and responsibilities.
  • In case of complaints approach the right authorities for redressal in a timely manner.
  • Do use form request for new pan card or/and changes or correction in PAN data for reprint of PAN card or for making changes/correction in PAN data.
  • Do fill the application in block letters in English and preferably with black ink.
  • Do paste a recent colour photograph (size 3.5 cm X 2.5 cm).
  • Do provide the signature within the box.
  • Do mention correct PAN.
  • If thumb impression is put on the application form, do get the thumb impression attested by Magistrate or a Notary Public or a Gazetted Officer, under official seal and stamp.
  • Do make sure that, the name mentioned in application matches exactly with name mentioned in POI and POA.
  • Do tick the column where change is required.
  • Do provide proof to support the requested change.
  • Do write the complete postal address in the application with landmark.
  • Do mention correct pin code in the address field.
  • Do mention telephone number/e-mail ID.
  • Do attach proof of PAN (copy of PAN card or PAN allotment letter issued by Income Tax Department, if any) with the application.

Don'ts
  • Transact only through stock exchanges.
  • Deal only through SEBI registered intermediaries.
  • Complete all the required formalities of opening an account properly (client registration, client agreement forms, etc.)
  • Ask for and sign 'Know Your Client Agreement'.
  • Read and properly understand the risks associated with investing in securities/derivatives before undertaking transactions.
  • Assess the risk-return profile of the investment as well as the liquidity and safety aspects before making your investment decision.
  • Ask all relevant questions and clear your doubts with your broker before transacting.
  • Invest, based on sound reasoning after taking into account all publicly available information and on fundamentals.
  • Give clear and unambiguous instructions to your broker/sub-broker/depository participant.
  • Be vigilant in your transactions. Insist on a contract note for your transaction.
  • Verify all details in contract note, immediately on receipt.
  • Crosscheck details of your trade with details as available on the exchange web site (www.bseindia.com/www.nseindia.com).
  • Scrutinize minutely both the transaction and the holding statements that you receive from your depository participant.
  • Keep copies of all your investment documentation.
  • Handle Delivery Instruction Slips (DIS) book issued by DPs carefully.
  • Insist that the DIS number is pre-printed and your account number (Client ID) is pre-stamped.
  • In case you are not transacting frequently make use of the freezing facilities provided for your Demat Account.
  • Pay the margins required to be paid in the time prescribed.
  • Deliver the shares in case of sale or pay the money in case of purchase within the time prescribed.
  • Participate and vote in general meetings either personally or through proxy.
  • Be aware of your rights and responsibilities.
  • In case of complaints approach the right authorities for redressal in a timely manner.
  • Do use form request for new PAN Card or/and changes or correction in PAN data for reprint of PAN card or for making changes/correction in PAN data.
  • Do fill the application in block letters in English and preferably with black ink.
  • Do paste a recent colour photograph (size 3.5 cm X 2.5 cm).
  • Do provide the signature within the box.
  • Do mention correct PAN.
  • If thumb impression is put on the application form, do get the thumb impression attested by Magistrate or a Notary Public or a Gazetted Officer, under official seal and stamp.
  • Do make sure that, the Name mentioned in application matches exactly with name mentioned in POI and POA.
  • Do tick the column where change is required.
  • Do provide proof to support the requested change.
  • Do write the complete postal address in the application with landmark.
  • Do mention correct pin code in the address field.
  • Do mention telephone number/e-mail ID.
  • Do attach proof of PAN (copy of PAN card or PAN allotment letter issued by Income Tax Department, if any) with the application.
Trading Charges
Trading Account Opening & Annual Maintenance Charges Free Franking of Power of Attorney Rs. 500 applicable. (Revised charges w.e.f. 1st Aug 2018) Cash Derivatives Future Derivatives Options
%BrokerageDelivery Intra-DayBoth sided %Brokerage Intra-DayBoth sided Flat Brokerageper Lot in Rs. Intra-DayPer Lot in Rs.
Segment 0.40% 0.10% 0.10% 0.05% Rs.50 Rs.100
Minimum Brokerage Rs.0.05 paisa Rs.0.05 paisa Rs.0.01 paisa Rs.0.01 paisa
Securities Transaction Tax (STT) 0.017%
Securities Transaction Tax (STT) 0.10% 0.025% 0.010% 0.125%
SEBI Turnover Charges 0.00015% 0.00015% 0.00015% 0.00015%
Transaction charges 0.0019% 0.05%
NSE 0.00325% 0.00325%
BSE 0.00275% 0.00275%
Stamp Duty (Applicable For Maharashtra state) 0.010% 0.002% 0.002% 0.002% 0.002% 0.002%

Some commonly used abbreviations in depository
Sr. No. Acronym / Short Term Used Meaning
1 AOD Account Opening Document
2 BO Beneficial Owner
3 CDSL Central Depository services (India) Limited
4 CM Clearing Member
5 CH Clearing House
6 DEBOS Depository Back Office System
7 Demat Dematerialization
8 DRF Demat Request Form
9 NSDL National securities Depository Limited
10 POA Proof of Address
11 POI Proof of Identity
12 RFD Request for Demat.
13 ISIN International Securities Identification Number
14 RTA Registrar and Transfer Agent of the co.
15 NSE National Stock Exchange
16 BSE Bombay Stock Exchange
17 NCFM NSC Certification in Financial Markets
18 CH Clearing House
19 ACRF Account Closure Request Form
20 TRF Transposition Request Form
21 TRFD Transmission Request Form along with Dematerialization
22 RRF Dematerialization Request Form
23 DIS Delivery Instruction Slip(Combine slip booklets)
24 PRF Pledge Request Form
25 URF Un-pledge Request Form
26 IRF Invocation Request Form
27 DOT Depository Operations Team
28 CBODPO Central Back Office Depository Participant Operations
29 DP Depository Participant
30 Easi Electronic access to securities information
31 Easiest Electronic access to Securities information and execution of secured transactions.
32 Speed-e Securities Position Easy Electronic Dissemination
33 Simple Submission of Instruction through Mobile Phone Login easily
34 IDeAS Internet based Demat account Statement
35 NISM National Institute of Securities Markets

To check out the frequently asked questions, click here
Demat

Dematerialization (Demat) is the process by which securities held in physical form evidencing the holding of securities by any person are cancelled and destroyed and the ownership thereof is entered into and retained in a fungible form on a depository by way of electronic balances.


Demat facilitates paperless trading whereby securities transactions are executed electronically reducing/mitigating possibility of loss of related documents and/or fraudulent transactions.


Trading in demat form is regulated by the Depositories Act, 1996 and is monitored by the Securities and Exchange Board of India (SEBI). There are only two depositories presently functioning in India and they are the National Securities Depository Limited (NSDL) & the Central Depository Services (India) Limited (CDSL).


Basic Services Offered by Depositories

Under the provisions of the Depositories Act, the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) provide various services to investors and other participants in the capital market. This system, which facilitates paperless trading, offers various direct and indirect services to the market participants.


A depository cannot directly open account and provide services to clients. Any person willing to avail of the services of the depository can do so by entering into an agreement with the depository through any of its Depository Participants (DPs).


Depository Participant (DP)

It works as an agent of the depository i.e. NSDL & CDSL. The various activities must be carried out as per prescribed procedures, failing which respective depositories impose financial penalties on DPs during audit and inspection. Hence, between the depository and the investors, the relationship care must be taken while carrying out various activities. Depository Participant (DP) is in fact an intermediary between the investor and the depository and is governed by an agreement made between the two (i.e. investor and DP) under the Depositories Act.


CM: This account can be opened by a broker or by a clearing member for the purpose of settlement of trades executed on a recognized stock exchange.


Benefits of Depository System
  • No stamp duty on transfer of shares.
  • Quick transfers/settlements (the very next day of pay-out).
  • Elimination of bad deliveries, forgery, loss of certificate in transit, etc.
  • Reduced paper work (no filling of transfer deed, affixation of stamps and lodgement of shares for transfer with the company).
  • Security of the stocks held as they are held in electronic form and hence no worries of holding the securities physically at home and avoidance of possible loss or theft of the certificate(s), mutilation, forgery, etc.
  • Facility to pledge/hypothecate the securities.
  • Facility of trading in odd lots.
  • Quick transfer of shares.
  • Nomination facility available (for individuals).
  • In case of death of sole/joint holder(s) easy transmission of shares to the nominee or surviving joint holder(s).
  • Facilitates the company to determine entitlements like dividends and bonus easily and faster.

Account Opening

To avail of the various services offered by Depositories (NSDL/CDSL), an investor/a broker/an approved intermediary (for lending and borrowing) has to open an account with a DP.


Types of Accounts
Beneficiary Account

An investor who wants to hold securities in Dematerialized (Demat) form and receive or deliver securities by inter-account transfers must have an account called beneficiary account with a DP of his choice.


Clearing Member Account

Member brokers of those stock exchanges which have established electronic connectivity with NSDL/CDSL need to open a clearing member account, with a DP of his choice, to clear and settle trades in the demat form. This account is popularly known as settlement account or "Pool account". This account is meant only to transfer securities to and receive securities from the clearing corporation/house and hence, the member broker does not have any ownership (beneficiary) rights over the shares held in such an account.


The process of opening a Demat account is very similar to that of a bank account. There are some common details which are required for any type of account opening with the DP, these are:

  • Name of the account holder
  • Date of birth (for individual accounts)
  • Occupation and financial details
  • Address and phone/fax number
  • Bank details like name of bank, type of account (current/savings), account number, branch address, MICR, etc.
  • PAN number
  • Details of nomination (for individual accounts only)
  • Specimen signature.
  • E-mail address
  • Mobile number
  • Address for communication

Online Trading

We are happy to inform you that soft launch of online trading is done on 01/07/2012. For further details please visit Mwww.bobcaps.in and www.barodaetrade.com


Contact Us

The Asst. General Manager/Chief Manager

Bank of Baroda, Baroda Sun Tower,

D.O.T. (Demat operation team)

Central Back Office DP Operations (CBODPO)

Ground Floor, C-34, G-Block

Bandra Kurla Complex, Bandra East, MUMBAI- 400 051

Tel : 022 6698 4921/4935/4937/4944

Fax : 6698 4934

E-mail :demat@bankofbaroda.com


In case of any grievance/complaint against the stock broker/Depository Participant:


Compliance Officer of the Bank of Baroda

Mr. Manoj Kumar

E-mail :Âdemat@bankofbaroda.com

Phone No. :022 6698 4921


Assistant General Manager

Mr. Anil K. Sulekh

E-mail :businessresources.bcc@bankofbaroda.com

Phone No. :022 6698 3277


SMS Alerts

BOB offers you free SMS alerts facility in all your demat Accounts (with BOB). Just fill the SMS alerts form and put your mobile number in it.


The SMS alert helps you to a great deal in tracking and monitoring your transactions.


You will be instantly updated as your transaction is done.

Request Callback

Please fill in these details, so we can call you back and assist you.

Select Investments Type
  • Government Deposit Schemes
  • Baroda 3 in 1 Trading Account
  • Demat
  • Mutual Fund Investment
  • Others

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Frequently Asked Questions (FAQs) about

  • What is Mutual Fund?

    A mutual fund is a pool of money managed by a professional Fund Manager.
    It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market instruments and/or other securities. And the income/gains generated from this collective investment is distributed proportionately amongst the investors after deducting applicable expenses and levies, by calculating a scheme’s “Net Asset Value” or NAV. Simply put, the money pooled in by a large number of investors is what makes up a Mutual Fund.

  • Why do we need Mutual Fund?

    Don’t just save but invest. Understand the difference between saving and investment. Spending less than earnings is saving but rising prices will mean that your saving will actually be reducing in value with time. An investment should not just match inflation but deliver something more thus becoming a second source of income. Mutual funds offer an array of innovative products like equity funds, debt funds, fund of funds, exchange-traded funds, fixed maturity plans, sectoral funds and many more.
    Whether the objective is financial gains or convenience, mutual funds offer many benefits to its investors.

    History of Mutual Fund in India

    Birthplace of Mutual Funds – USA

    History in India:

    • 1964-1987 (Phase I) – Growth of Unit Trust of India (UTI)
    • 1987-1993 (Phase II) – Entry of Public Sector
    • 1993-1996 (Phase III) – Emergence of Private Funds
    • 1996-1999 (Phase IV) – Growth and SEBI (Securities and Exchange Board of India) Regulation
    • 1999-2004 (Phase V) – Emergence of large & uniform Industry
    • 2004 onwards (Phase VI) – Consolidation and growth
  • How one can invest in Mutual Fund?

    One could start investing in mutual funds with just Rs. 5,000 for a lump-sum/one-time investment with no upper limit and Rs. 1,000 towards subsequent/additional subscription in most of the mutual fund schemes. And for Equity linked Savings Schemes (ELSS), the minimum amount is as low as Rs. 500.
    In fact, one could invest via Systematic Investment Plan (SIP) with as little as Rs. 500 per month for as long as one wishes to.

  • What is Systematic Investment Plan – SIP?

    Systematic Investment Plan (SIP) is an investment plan (methodology) offered by mutual funds wherein one could invest a fixed amount in a mutual fund scheme periodically, at fixed intervals – say once a month, instead of making a lump-sum investment. The SIP instalment amount could be as little as Rs. 500 per month. SIP is similar to a recurring deposit where you deposit a small, fixed amount every month.
    SIP is a very convenient method of investing in mutual funds through standing instructions to debit your bank account every month, without the hassle of having to write out a cheque each time. Some of the benefits of SIP are listed below.

    .............
    • Rupee cost averaging
    • The power of compounding
    • Starting early pays well

    To get the best out of your investments, it is very important to invest for the long-term, which means that you should start investing early, in order to maximize the end returns.

  • What are the products available under Mutual Fund?

    There are wide variety of mutual fund schemes that cater to your needs, whatever your age, financial position, risk tolerance and return expectations. Before investing in mutual fund schemes; you should know which scheme suits your requirements.

    Growth Schemes

    Aim to provide capital appreciation over the medium to long term. These schemes normally invest a majority of their funds in equities and are willing to bear short-term decline in value for possible future appreciation.


    Income Schemes

    Aim to provide regular and steady income to investors. These schemes generally invest in fixed income securities such as bonds and corporate debentures. Capital appreciation in such schemes may be limited.


    Balanced Schemes

    Aim to provide both growth and income by periodically distributing a part of the income and capital gains they earn. They invest in both shares and fixed income securities in the proportion indicated in their offer documents. In a rising stock market, the NAV of these schemes may not normally keep pace or fall equally when the market falls.


    Money Market/Liquid Schemes

    Aim to provide easy liquidity, preservation of capital and moderate income. These schemes generally invest in safer, short term instruments such as treasury bills, certificates of deposit, commercial paper, and interbank call money. Returns on these schemes may fluctuate, depending upon the interest rates prevailing in the market.


    Tax Saving Schemes (Equity Linked Saving Scheme - ELSS)

    These schemes offer tax incentives to the investors under tax laws as prescribed from time to time and promote long term investments in equities through mutual funds.
    Index fund schemes are ideal for investors who are satisfied with a return approximately equal to that of an index.
    Sectoral fund schemes are ideal for investors who have already decided to invest in a particular sector or segment.


    Fixed Maturity Plans

    Fixed Maturity Plans (FMPs) are investment schemes floated by mutual funds and are close ended with a fixed tenure, the maturity period ranging from one month to three/five years. These plans are predominantly debt-oriented, while some of them may have a small equity component.


    Exchange Traded Funds (ETFs)

    Exchange Traded Funds are essentially index funds that are listed and traded on exchanges like stocks.


    Capital Protection Oriented Schemes

    Capital Protection Oriented Schemes are schemes that endeavour to protect the capital as the primary objective by investing in high quality fixed income securities and generate capital appreciation by investing in equity/equity related instruments as a secondary objective.


    Gold Exchange Traded Funds (GETFs)

    Gold Exchange Traded Funds offer investors an innovative, cost-efficient, and secure way to access the gold market. Gold ETFs are intended to offer investors a means of participating in the gold bullion market by buying and selling units on the Stock Exchanges, without taking physical delivery of gold.


    Quantitative Funds

    A quantitative fund is an investment fund that selects securities based on quantitative analysis. The managers of such funds build computer-based models to determine whether an investment is attractive. In a pure "quant shop" the final decision to buy or sell is made by the model. However, there is a middle ground where the fund manager will use human judgment in addition to a quantitative model.


    Funds Investing Abroad

    With the opening up of the Indian economy, mutual funds have been permitted to invest in foreign securities/American Depository Receipts (ADRs)/Global Depository Receipts (GDRs). Some of such schemes are dedicated funds for investment abroad while others invest partly in foreign securities and partly in domestic securities. While most such schemes invest in securities across the world there are also schemes which are country specific in their investment approach.


    Fund of Funds (FOFs)

    Fund of Funds are schemes that invest in other mutual fund schemes. The portfolio of these schemes comprises only of units of other mutual fund schemes and cash/money market securities/short term deposits pending deployment. Fund of Funds can be Sector specific e.g. Real Estate FOFs, Theme specific e.g. Equity FOFs, Objective specific e.g. Life Stages FOFs or Style specific e.g. Aggressive/Cautious FOFs etc.

    Please bear in mind that any one scheme may not meet all your requirements for all time. You need to place your money judiciously in different schemes to be able to get the combination of growth, income and stability that is right for you. Remember, as always, higher the return you seek higher the risk you should be prepared to take.


    There are wide variety of mutual fund schemes that cater to your needs, whatever your age, financial position, risk tolerance and return expectations. Before investing in mutual fund schemes; you should know which scheme suits your requirements.

    Growth Schemes

    Aim to provide capital appreciation over the medium to long term. These schemes normally invest a majority of their funds in equities and are willing to bear short-term decline in value for possible future appreciation.


    Income Schemes

    Aim to provide regular and steady income to investors. These schemes generally invest in fixed income securities such as bonds and corporate debentures. Capital appreciation in such schemes may be limited.


    Balanced Schemes

    Aim to provide both growth and income by periodically distributing a part of the income and capital gains they earn. They invest in both shares and fixed income securities in the proportion indicated in their offer documents. In a rising stock market, the NAV of these schemes may not normally keep pace or fall equally when the market falls.


    Money Market/Liquid Schemes

    Aim to provide easy liquidity, preservation of capital and moderate income. These schemes generally invest in safer, short term instruments such as treasury bills, certificates of deposit, commercial paper, and interbank call money. Returns on these schemes may fluctuate, depending upon the interest rates prevailing in the market.


    Tax Saving Schemes (Equity Linked Saving Scheme - ELSS)

    These schemes offer tax incentives to the investors under tax laws as prescribed from time to time and promote long term investments in equities through mutual funds.
    Index fund schemes are ideal for investors who are satisfied with a return approximately equal to that of an index.
    Sectoral fund schemes are ideal for investors who have already decided to invest in a particular sector or segment.


    Fixed Maturity Plans

    Fixed Maturity Plans (FMPs) are investment schemes floated by mutual funds and are close ended with a fixed tenure, the maturity period ranging from one month to three/five years. These plans are predominantly debt-oriented, while some of them may have a small equity component.


    Exchange Traded Funds (ETFs)

    Exchange Traded Funds are essentially index funds that are listed and traded on exchanges like stocks.


    Capital Protection Oriented Schemes

    Capital Protection Oriented Schemes are schemes that endeavour to protect the capital as the primary objective by investing in high quality fixed income securities and generate capital appreciation by investing in equity/equity related instruments as a secondary objective.


    Gold Exchange Traded Funds (GETFs)

    Gold Exchange Traded Funds offer investors an innovative, cost-efficient, and secure way to access the gold market. Gold ETFs are intended to offer investors a means of participating in the gold bullion market by buying and selling units on the Stock Exchanges, without taking physical delivery of gold.


    Quantitative Funds

    A quantitative fund is an investment fund that selects securities based on quantitative analysis. The managers of such funds build computer-based models to determine whether an investment is attractive. In a pure "quant shop" the final decision to buy or sell is made by the model. However, there is a middle ground where the fund manager will use human judgment in addition to a quantitative model.


    Funds Investing Abroad

    With the opening up of the Indian economy, mutual funds have been permitted to invest in foreign securities/American Depository Receipts (ADRs)/Global Depository Receipts (GDRs). Some of such schemes are dedicated funds for investment abroad while others invest partly in foreign securities and partly in domestic securities. While most such schemes invest in securities across the world there are also schemes which are country specific in their investment approach.


    Fund of Funds (FOFs)

    Fund of Funds are schemes that invest in other mutual fund schemes. The portfolio of these schemes comprises only of units of other mutual fund schemes and cash/money market securities/short term deposits pending deployment. Fund of Funds can be Sector specific e.g. Real Estate FOFs, Theme specific e.g. Equity FOFs, Objective specific e.g. Life Stages FOFs or Style specific e.g. Aggressive/Cautious FOFs etc.

    Please bear in mind that any one scheme may not meet all your requirements for all time. You need to place your money judiciously in different schemes to be able to get the combination of growth, income and stability that is right for you. Remember, as always, higher the return you seek higher the risk you should be prepared to take.


  • Are mutual fund products available in Bank of Baroda?

    All the products are available with the Bank of Baroda. You can contact the branch manager in each branch or can call our toll-free number or visit our website.

  • Who regulates the mutual fund in India?

    All mutual funds are registered with SEBI and they function within the provisions of strict regulations designed to protect the interests of investors. The operations of mutual funds are regularly monitored by SEBI.

  • Who can sell the mutual fund in India?

    As per SEBI Mutual Fund Regulations, all MFDs must fulfil the following two requirements before engaging in sale and/or distribution of mutual fund products, namely

    • Obtain the relevant certification of National Institute of Securities Management (NISM); and
    • Register with Association of Mutual Funds in India (AMFI) and obtain AMFI Registration Number (ARN).

    Likewise, before being employed in sale and/or distribution of mutual fund products, employees of MFDs are also required to obtain the relevant NISM certification and register with AMFI and obtain Employee Unique Identification Number (EUIN).

  • What is the suggested portfolio based on risk tolerance?
    Aggressive Plan Moderate Plan Conservative Plan
    Growth Schemes 60-70% 30-40% 10%
    Balanced Scheme 10-20% 40-50% 20-30%
    Income Scheme 10-15% 20% 50-60%
    Money Market Scheme 5% 10% 10%
    Suitable for
    • Investors in their prime earning years and willing to take more risk
    • Investors seeking growth over a long term
    • Investors seeking income and moderate growth
    • Investors looking for growth and stability with moderate risk
    • Retired and other investors who need to preserve capital and earn regular income
  • How is the value/performance of the Mutual Fund products known?

    The performance of a particular scheme of a mutual fund is denoted by Net Asset Value (NAV).
    Mutual funds invest the money collected from the investors in securities markets. In simple words, Net Asset Value is the market value of the securities held by the scheme. Since market value of securities changes every day, NAV of a scheme also varies on day to day basis. The NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on any particular date. For example, if the market value of securities of a mutual fund scheme is Rs. 200 lakhs and the mutual fund has issued 10 lakhs units of Rs. 10 each to the investors, then the NAV per unit of the fund is Rs. 20. NAV is required to be disclosed by the mutual funds on a regular basis - daily or weekly - depending on the type of scheme.

  • How Mutual Funds can be useful in achieving financial/Investment goals?

    Mutual funds can be for the short term or for longer term based on one’s investment horizon and objective. There are different types of mutual fund schemes – which invest in different types of securities – in equity as well as debt securities that are suitable for different investor needs and investment goals.

    Capital Presevation Saving Bank Account PPF (Public Provident Fund) Liquid Funds
    Generate Income Fixed Deposits Po-mis Debt Funds
    Capital Appreciation Real Estate Gold Equity Funds

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