Organization :ING Vysya Bank Ltd
Facility : Apply for Demat Account
Home Page : http://www.ingvysyabank.com/personal-banking/products/bank/demat-account.aspx
Apply here :https://www.kotaksecurities.com/ksweb/Our-Offerings/Account-Types/Linked-Account-ING-Vysya
Demat Account :
With practically all trading being conducted electronically, most settlements happen through Demat (Dematerialisation of securities). The ING Demat Account offers you a secure and convenient way to keep track of your shares and investments, how much you’ve bought and sold over a period of time, without the hassle of handling physical documents that get mutilated or lost in transit.
Features & Benefits :
As opposed to the earlier form of dealing in physical certificates with delays in transaction, trading through Demat has the following benefits.
** Settlement of securities traded on the exchange as well as off market transactions.
** Shorter settlements thereby enhancing liquidity.
** Pledging and Hypothecation of Dematerialized Securities.
** Electronic credit in public issue.
** Receipt of non-cash benefits in electronic form.
** No stamp duties on transfer of securities held in demat form.
** No concept of Market Lots.
** Change of name, address, dividend mandate, registration of power of attorney, transmission etc. can be effected across companies held in demat form by a single instruction to the DP.
Types of Depository Accounts :
You can open two types of depository accounts
** Individual Account
** Corporate Account
Individual Account :
An individual account can be opened under following two categories depending on the residential status of the applicant(s) :
** Resident & Non-Resident