Citi Bank : Demat Account Opening Procedure
Organization :Citi Bank India
Facility : Demat Account Opening Procedure
Apply here :http://www.online.citibank.co.in/products-services/investments/demat/demat-account.htm?eOfferCode=INHOINVDETAC
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Citibank Demat Account
Just as you have a Bank Account for safekeeping all your money/cash, the Demat Account is for the safekeeping of all your shares and other eligible securities.
Related / Similar Facility :
Citibank Corporate Card Program
The securities are held in this account in the electronic form, is also called, the Dematerialised form. The Demat Account can be opened with a Depository Participant.
Citibank Demat Account. :
Store shares in electronic form :
Citibank Demat Account is an efficient way of guarding your shares and other eligible securities, by holding them in an electronic, Dematerialised form.
Top reasons for getting the Citibank® Demat Account :
** Transact shares from your desktop
** No more dealing with physical shares
** No need to pay stamp duty
Attention Investors :
Prevent Unauthorized Transactions in your demat account – Update your Mobile Number with your Depository Participant and receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day – Message issued in the interest of investors.
** Up to Rs.1,000 worth of benefits upon Activation. Welcome Rewards.
** Rethink Banking.
The following documents will be required :
** Account opening form completely filled and signed by all the holders.
** Introduction of all the joint holders (Photocopy of the Passport/Voters ID Card/Driving License/PAN Card).
** Address proof for all the joint holders. This could be any of the introduction documents (as above) if the address is the same as required for the account. Alternatively, a Copy of the Telephone Bill/Electricity Bill/Income Tax Returns/Bank Statement can also serve as address proof.
** Income Tax Permanent Account Number (PAN) is mandatory. It needs to be mentioned on the form. If you do not have a PAN, please fill and submit Form 60.
** Signature Card with specimen signatures of all the holders.
** 1 Photograph of all the joint holders with Signatures across the Photo.
** 1 Photograph and Signature of the nominee (if you are opting for the nomination facility).
** Form cum POA for giving transfer instructions using Citibank Online.