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Enjoy the dual benefits of trading and depository services under one roof and experience
efficient, risk-free and prompt depository services. SIC is registered as a Depository
Participant with CDSL. We are also a member of the Bombay Stock Exchange (BSE),
National Stock Exchange (NSE).
At SIC, our concern, keeping you in mind, is to
provide a complete demat solution which is simple, safe and
secure.
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SIC Advantage:
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Automated pay-in facility
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Access information – Anytime, Anywhere
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Quarterly demat statements with valuation
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Statements on demand
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View Demat A/C statement online
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Competitive transaction charges
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Advantage of maintaining a CDSL depository account of SIC:
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No risk of loss, wrong transfer, mutilation or theft of share certificates
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Hassle free automated pay-in of your sell obligation with no need for physical instruction
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Reduced paper work
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Speedy settlement process resulting in increased liquidity of your securities
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Instant disbursement of non-cash benefits like Bonus and Rights
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Efficient pledge mechanism
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Wide branch coverage
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Personalized services of trained Help desk
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No charges for extra Transaction statement and Holding statement
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Combined monthly 'Bill-cum-Transaction-cum-Holding-cum-Ledger' statement of your
investments
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FAQs
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What is a Depository
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A depository can be compared to a bank. A depository holds securities (like shares,
debentures, bonds and units) of investors in electronic form. Besides holding securities,
a depository also provides services related to transactions in securities
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What are the benefits of depository system?
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The benefits of participating in a depository are:
immediate transfer of securities; no stamp duty on transfer of securities;
elimination of risks associated with physical certificates such as bad delivery,
fake securities etc;
reduction in paperwork involved in transfer of securities;
reduction in transaction cost;
nomination facility;
transmission of securities is done by DP, eliminating correspondence with companies;
convenient method of consolidation of portfolios/accounts;
holding investments in equity and debt instruments in a single account.
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What is a DP?
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As an investor you open a securities account with a DP. DPs are attached to the
depositories very much the same way as commercial banks are attached to RBI. All
interactions including account opening, dematerialisation, transactions, pledge
etc are done through the DP.
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What should I do when I want to open an account with a DP?
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The process of opening an account with a DP is similar to the opening of a bank
account. You can approach any DP of your choice and fill up an account opening form.
At the time of opening an account, you have to sign an agreement with DP in a National
Securities Depository Ltd (NSDL) prescribed standard agreement, which details your
rights and duties and those of your DP. All investors have to submit their proof
of identity and proof of address along with the prescribed account opening form.
Proof of identity: your signature and photograph must be authenticated by an existing
demat account holder with the same DP or by a bank manager. Alternatively, you can
submit a copy of Passport, Voters ID card, Driving licence or PAN card with photograph.
Proof of address: you can submit a copy of Passport, Voters ID card, Driving licence,
PAN card with photograph, Ration card or Bank passbook as proof of address. You
must remember to take original documents to the DP for verification.
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What is dematerialisation?
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The dematerialisation system is an alternative to the physical existence of securities.
In this system securities are converted into the electronic form and deposited in
a depository account in the investors name. In order to dematerialise certificates,
an investor will have to first open an account with a DP and then request for the
dematerialisation of certificates by filling up a Dematerialisation Request Form
(DRF), which is available with the DP, and submitting the same along with the physical
certificates. The investor has to ensure that before the certificates are handed
over to the DP for demat, they are defaced by marking "Surrendered for Dematerialisation"
on the face of the certificates.
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Who is a Beneficiary Owner (BO)?
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The person who holds a demat account is a beneficiary owner. In case of a joint
account, the account holders will be beneficiary holders of that joint account.
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