Depositiry Services

DEPOSITORY PARTICIPANT (DEMAT SERVICES):

ATTENTION INVESTORS

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 NSDL 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.

client1 client1 client1

Depository Participant (DEMAT Services) :

The Depository Service is a facility for holding Securities (tradable in Stock Exchanges) in electronic form and transactions are processed by book entry. Under the arrangement, the Depository acts as registered owner of the securities in electronic form in the books of issuing company and the client is the beneficial owner. The Depository Participant through whom the Demat accounts are operated acts as an agent of the Depository. The National Securities Depository Ltd. (NSDL) and Central Securities Depository (India) Ltd. (CDSL) are the two recognized Depositories in India.

Allahabad Bank was the first Nationalized bank in Eastern India to launch Depository Participant Services from Kolkata with its own Server attached to the Premier Depository, National Securities Depository Services Limited (NSDL). The Bank is now offering the Depository Services through both NSDL and CDSL.

Bank has providing the Depository services at 10 locations Vis-à-vis. New Delhi, Kolkata, Mumbai, Chennai, Ahmadabad, Surat, Nagpur, Lucknow,Kanpur and Varanasi.

The list of locations/branches from which the Depository Services being offered are: -


Item

Particulars

Target Segment

All Retail Individual Investors.

Eligibility

All the individuals who have or propose to have only one demat account where they are the sole/first holder.
Individuals having any other demat accounts where they are not first/sole holder also eligible to avail the service under Basic Services Demat Account (BSDA).The individual shall have only one BSDA account across all the Depositories.
Value of securities held in the Demat account should not exceed Rupees 2 Lakhs at any Point of Time

Others

DP will issue 2 Delivery Instruction Slips at the Time of opening of the DP account.

REVISED RATES FOR DP SERVICE CHARGES

Particulars

Revised Charges

1. A/c opening/ A/c closing / Custody charge

Nil

2. Dematerialization Charges

2.1 Equity Shares

Rs. 5.00 per certificate, minimum Rs. 25.00 (Free for Allahabad Bank Shares)

2.2 Bonds/ Debenture

Rs. 55.00 per request

3. Rematerialization Charges

Rs. 25.00 plus Rs. 10.00 for every hundred shares or part thereof, or Rs. 10.00 per certificate whichever is higher

4. Annual Maintenance Charges

4.1 First year for all

Nil (Normal Charges if A/c is closed within the first year)

4.2 Second year onwards

4.2.1 For Individuals

Rs. 500.00 P.A. (up front)

4.2.2 For Bank Employees/ Retired

Rs. 250.00 P.A. (up front)

4.2.3 For Non Individuals

Rs. 1000.00 P.A. (up front)

4.3 Basic Services Demat Account*

i) For value of Holdings upto Rs. 50,000 - NIL
ii) For value of Holdings from Rs. 50,001 to Rs. 2,00,000 - Rs. 100

5. Transaction Fees: (Per Transaction) (Equity/ Bonds/ Debentures/ G-Sec)

5.1. Market/ Off Market Transaction(Buy)

Nil

5.2. Market/ Off Market Transaction(Sell)

0.03% (Minimum Rs. 30.00)

6. Transaction Fees: (Per Transaction) (Commercial Paper)

6.1. Market/ Off Market Transaction(Buy)

Nil

6.2. Market/ Off Market Transaction(Sell)

Rs. 1000.00

7. Pledge:

7.1 Creation

0.03% of value of each ISIN in each request Minimum Rs. 30 (Plus CDSL/ NSDL Charges)

7.2 Closure/ Invocation

0.03% of value of each ISIN in each request Minimum Rs.30 (Plus CDSL/ NSDL Charges)

8.MiscellaneousCharges

8.1 Documentation fee (During A/c opening)

Nil

8.2. Delivery Instruction Book

Rs. 3.00 per folio

8.3 Additional Statement

Rs. 30.00 per statement

8.4 Instruction failure charges

Rs. 50.00 per instruction

8.5 Instruction received at Client’sRisk***

Rs. 50.00 per instruction

8.6 Mailing charges & out of pocket expenses (plus taxes)

Actual

Note :

  1. The above mentioned charges are exclusive of Goods & Service Tax (GST) and Beneficial Owner (BO) of Demat Account will be charged applicable GST, other taxes as they exist from time to time.
  2. Mailing and Postage charges pertaining to Dematerialization/ Rematerialisation will be recovered on actual basis.
  3. Annual Membership Fee will be taken up front in the first Billing Month from April to March every year.
  4. Charges will be deducted from Savings/ Current Account of the Beneficial Owner (BO).
  5. All charges are subjected to be revised as and when decided by Bank. The said revised tariff will be displayed on Bank’s website www.allahabadbank.in for BO’s information/ communication. BO is requested to take note of applicable charges displayed in on Bank’s website from time to time.
  6. Any service which is not indicated above will be charged separately at prevailing rates.
  7. *If the Stock Value in Basic Services Demat Account crosses Rs. 2,00,000/-, it will be treated as a regular Demat account and charges will be levied accordingly.
  8. ***Instruction Deemed at Client Risk:
    •  Inter Depository transfer for the same day.
    •  Off Market Instruction with request on the same day.
    •  Instructions submitted after 16:00 hrs on the previous day pay-in dead line.

Rights and Obligations of Beneficial Owner and Depository Participant

Grievance Redressal for Demat Customers

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 1800 227575 /1800 2667575.

Filling Complaints on SCORES- Easy & Quick

a.Register on SCORES Portal

b.Mandatory details for filing complaints on SCORES:
 i. Name, PAN, Address, Mobile Number, E-mail ID

c.Benefits:
 i.Effective Communication
 ii. Speedy redressal of the grievances