Depository participant cell:
Abhyudaya Co-operative Bank Limited is a Depository Participant with Central Depository Services (India) Ltd. (CDSL-(IN-DP-63-2015)).
Our Bank now offers Demat Services as a Depository Participant (DP) of Central Depository Services (India) Ltd. (CDSL) through our Mumbai, Navi Mumbai and Thane Region Branches.
SEBI NOTIFICATION:- 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.
SEBI NOTIFICATION - in respect of DEMAT Account holders"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."
"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 CDSL on the same day......................issued in the interest of investors.
Customer to lodge their Grievances Click on https://scores.gov.in
Demat :-
Demat is a process, where at the request of the customer, the physical stocks are converted into electronic entries and maintained in the depository system.
“SMART ODR Portal link”
https://smartodr.in
Depository :-
Depository is a provider of facility for holding and / or transacting securities in book entry form. Physical securities can be converted in to book entry form i.e. electronic form by way of immobilization or Dematerialization (so that they exist only as electronic records). India has chosen the Dematerialization route. A depository functions somewhat similar to a commercial Bank. To avail of the services offered by a depository, the investor has to open a Demat account with a registered Depository Participants (DP).
Depository Participant :-
Depository Participant (DP) is an agent of Depository who is authorized to offer depository services to investors. Financial Institutions, Banks, Custodians and Stockbrokers complying with the requirements prescribed by SEBI / Depositories can be registered as a DP.
Salient Features
- Competitive Charges.
- Any Branch Demat Service.
- 8.30 a.m. to 6.00 p.m. Demat Services.