Who is Depository Participant?
A Depository Participant (DP) is an agent of the depository and is authorized to offer depository services to investors. According to SEBI guidelines, financial institutions, banks, custodians, stockbrokers, etc. can become DP with a depository.
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What are the activities performed by the depository participant?
The services performed by the Depository Participant are listed below: >Account Opening & Maintenance >Dematerialization of Securities & Mutual Funds >Rematerialization of Securities & Mutual Funds >Transfer of Securities & Mutual Funds >Pledging / ...
Who is Depository?
A depository is an organization where the securities of an investor are held in electronic form, at the request of the investor through the medium of a Depository Participant.
If client received an email from CDSL/NSDL with transaction details. Please explain why ?
IIFL is a depository participant of CDSL/NSDL where your demat account with IIFL is maintained. Client will get an SMS and email notification from CDSL/NSDL for every transaction affected in his demat account.
What are the basics of Demat account in India?
There are 3 important terms in understanding the Demat account in India. 1. Dematerialisation It is a process that facilitates the conversion of share certificates from physical to electronic form where shares held thereafter are easier to manage ...
Why are DP charges not shown in the contract note ?
DP charge or Depository Participant charge is levied on stock movement out of the DEMAT account which is managed by depositories (NSDL or CDSL) The contract note captures all trading and its related charges, executed on the stock exchanges (NSE or ...