What is a Depository

A Depository is an organisation which holds investors' securities in electronic form. The depository also provides services related to various transactions in such securities. A depository interfaces with its investors through Depository Participants. Depository Participants maintain investors' accounts (demat accounts) which are similar to Savings Bank/Current accounts with a Bank. Purchase and sale of securities can be done through demat account.  Presently there are two depositories in India viz., NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Ltd).  Our Bank is a Depository Participant of NSDL.

Why Demat Account

Advantages of opening demat account:

1. Shares are held in electronic form
2. No need to safe keep share certificates
3. No need to remember record dates of various companies
4. Immediate transfer of securities
5. No stamp duty on transfer of securities
6. Risk of bad delivery, fake securities eliminated
7. Reduced paper work for transfer of securities
8. Reduced transaction cost
9. Nomination facility available
10. Automatic noting of change of address  (updating changed address in the demat account will have the effect of updating changed address with all companies, the shares of which is held / will be held in electronic form).
11. Easy transmission of securities.  It is sufficient to submit one set of claim  papers to DP for transmission of all securities lying in  demat account of  the deceased. 
12. Automatic credit of Dividend / bonus shares
13. INVESTMENT IN VARIOUS MUTUAL FUNDS MAY ALSO BE HELD IN DEMAT  ACCOUNTS
14. SMS alerts will be sent by NSDL upon occurrence of the following events, where mobile telephone numbers furnished by clients is captured by DP in the DPM system and SMS flag is ticked:
    
    • All Debits and credits (transfers); Credits for IPO, sub-division and bonus
    • Failed instructions; Overdue instructions
    • Change of mobile number; Change of address
    • Credit / debit of Mutual Fund Units
15. NSDL has launched ACE (Alerts to Clients through Email) for sending e-mails whenever change of address is noted in DPM system.
16. IDeAS (Internet based Demat Account Statement) FACILITY  FOR VIEWING AND DOWNLOADING BY DP CLIENTS.

Advantages of Opening Demat Account with Canara Bank

1. Multi locational services across the country
2. Competitive charges
3. Customer friendly service
4. IDeAS (Internet based Demat Account Statement) facility available for viewing and downloading transaction statements from internet.
5. Online trading facility (OLT) is offered in association with our own broking subsidiary viz., M/s Canara Bank Securities Limited.  A wide range of online services like trading in securities, subscription to IPOs, investment in Mutual Funds, trading in Future & Options segment, trading in currency derivatives is offered to our OLT clients.     For details customers may be advised to log in to canmoney.in or canarabank.com.

 Services available: 

1. Account opening
2. Dematerialisation
3. Transfer of securities
4. Pledge services
5. Freezing and un-freezing the depository account
6. Nomination facility

Documents required for opening depository (Demat) account

1. Prescribed application form, DP agreement, Tariff Sheet, duly signed
2. Pass port size photo of self and of nominee
3. Proof of identity : PAN Card (Mandatory)- original to be produced for verification
4. Proof of address :  (copy of any one of the following) - Bank Pass Book / Ration Card / Pass Port / Voter ID card / Driving Licence    (original to be produced for verification)
5. Cancelled cheque leaf (proof of bank account details)

Charges: 

1. Account opening charges - NIL
2. Annual account maintenance charges – Rs.200/- + service tax
3. Demat Charges – Rs.2/- per certificate (Minimum Rs.10/-) and courier charges Rs.25/- extra
4. Transaction Charges :
   
• Purchase – NIL
• Sale** -  0.020% - Min. Rs.20/-; Max. Rs.500/-   
5. Pledge Charges :  
• Creation / Confirmation :  Rs.50/- per ISIN
• Closure / Invocation :        Rs.25/- per ISIN 

** For OLT Clients- 0.015%: Minimum - Rs.15/- & Maximum-Rs.375/- (OLT- On Line Trading Facility)

Address & Telephone Nos. of Bangalore Central DP Cell & Service Centres

PROCEDURE TO BE FOLLOWED BY OUR DP CLIENTS FOR EFFECTING CHANGE OF ADDRESS

THE FOLLOWING ARE MANDATORY AS PER NSDL TO PROCESS REQUEST FOR CHANGE OF ADDRESS: 

1. Written application for change of address signed by all the Demat clients. 

2. Any one of the following address proof  which contains  the new address to enable us to note your change of address: (ADDRESS PROOF SHOULD MATCH THE NEW ADDRESS). For joint account, all the clients have to sign the request for change of address.
   - Bank Pass Book Xerox or Bank Statement    - Ration card
   - Latest Telephone Bill ( not more than 2 months old)
   - Driving Licence - Voter’s ID  - Pass Port
   - Identity Card with address, issued by Central/State Government and
     its Departments.

3. ALSO any one of the following for Proof of Identity:  
   - PAN card with photo                              -   Voter ID Card
   - Driving Licence                                       -   Passport
   - Identity Card with address, issued by Central/State Government and its Departments

4. Latest transaction statement sent by the DP Cell Bangalore
   
   Further, the client or his authorized representative  has to personally visit to submit the above documents and show the originals for verification.

FOR CHANGE OF BANK ACCOUNT:

Please send  request letter along with cancelled of cheque leaf of new bank account.

IDeAS facility of NSDL – FOR OUR DP CLIENTS

As a value addition to the existing range of depository services, we have subscribed to IDeAS (Internet based Demat Account Statement) facility of NSDL to enable our clients to log in to NSDL website https://speed-e.nsdl.com for viewing their security balances and transactions in their demat accounts during the last 30 days and also to download month-wise statements for a period of 12 months.

IDeAS is only an additional facility and as such, DP will continue to send periodical statements to clients, irrespective of subscription to this facility.

To avail this facility DP Clients have to log in to https://speed-e.nsdl.com and proceed with the following four steps:

1. Click the hyperlink IDeAS under New Users and then click on ‘REGISTER’ under section Clients (Password Users).

2. Enter User-Id (between 3 and 8 characters) and Password (between 8 and 16 characters) of your choice (preferably alphanumeric) and fill-up all other particulars and click on 'SUBMIT' button.

3. Confirm the details entered on first screen by clicking ‘CONFIRM’ button.

4. Lastly, the screen will display an 'Acknowledgment' and 'Registration Number'. DP Clients have to click on “Print of this Registration Form” to print the form with the entered details on first screen, sign it and submit it in person to the nearest service center along with a copy of the latest Transaction Statement for authorization.

SMS ALERT FACILITY OF NSDL- FOR OUR DP CLIENTS

 NSDL has launched SMS Alert facility for demat account holders whereby investors can receive alerts for debits (transfers) to their demat accounts and also credits on account of AUTO CORPORATE ACTION  AND IPO ISSUES. Under this facility, investors can receive alerts for the debits (transfers) that have taken place in their demat accounts, a day after the debit (transfer). The alerts are sent to those account holders who have provided their mobile numbers to their DPs and DPs have activated such a facility in the computer system. These alerts are sent giving details, if the debits (transfers) are up to five ISINs in a day. In case debits (transfers) are for more than five ISINs, alerts are sent with a message that debits for more than five ISINs have taken place and that the investor can check the details with the DP or on IDeAS website, if the investor is an IDeAS subscriber. To avail this free facility, DP Clients are  requested to furnish their Mobile Telephone Number / e-mail ID along with a formal request to  the nearest service center to enable the SMS alert facility.

For further details please visit NSDL website www.nsdl.co.in

In Association with our Wholly Owned Subsidiary M/s Canara Bank Securities Limited (M/s CBSL), WE OFFER ONLINE TRADING FACILITY (OLT) TO OUR DP CLIENTS.

Salient features of Online Trading (OLT) facility are:

OLT is totally a technology driven product which suits all types of clients including tech-savvy younger generation clients , high net worth individuals who are active in capital market.   OLT is totally hassle-free in as much as clients trading in stock market can buy or sell securities without having to visit either the Bank or their DP.

Pre Requisite for availing ONLINE TRADING facility

A client should have an operative Bank account (CASA) with one of our CBS branches, a depository (demat) account with our Bank and a Trading Account with our broking subsidiary viz., M/s CBSL, Mumbai.   

For this purpose, three-in-one application form comprising of account opening forms for opening the above said three accounts has been devised and made available to clients by M/s CBSL through designated CBS branches of our Bank.  

Click here for list of designated CBS branches

Products Offered by M/S CBSL

• Cash & Carry

• Intra Day Trading

• Buy in Today Sell Out Tomorrow (BITSOT)

• Online Trading in Futures & Options

• Online subscription to IPOs

• Online investment in Mutual Funds

• Online trading in Currency Futures

 Salient Features of OLT

The state-of-the-art-technology integrates Trading Account with Depository Account and  Bank Account to ensure hassle free trading.  OLT clients can -

• Log on to "canmoney.in"  from “ANYWHERE” at  “ANY TIME” to trade

• After "buy" order is executed, Bank Account is debited online

• Sale proceeds credited to Bank account online.

• Online credit and debit of securities to depository account

• No need to write cheque; nor tender delivery instructions

Why OLT account with M/s CBSL

• M/S CBSL is a wholly owned broking subsidiary of our Bank

• Integrated account - Buy/Sell order gets executed seamlessly

• Instant Order confirmation

• Instant liquidity by prompt settlement

• Transparent dealing

• Safe and secure trading through user id and pass word

• Competitive tariff

• Access to Research Reports, Market Analysis etc

• Online monitoring value of portfolio  

• Online viewing of digital contract note and summary of all transactions

• Online monitoring of the status of orders

• Access to reports and data

• Online trading in Futures & Options

• Online trading in Currency derivatives

• Online subscription to IPOs

• Online investment in Mutual Funds

For opening a Trading Account with M/s CBSL

Documents required with Trading a/c application form:

1. Pass port size photo, duly signed across
2. Copy of PAN Card (Original to be produced for verification & return)
3. Copy of Bank Pass Book / Pass Sheet containing latest address and cust-id
4. Copy of client master sheet of demat account with Canara Bank
5. Furnishing of e-mail id is compulsorily required for sending digitally signed
   
   contract notes, which is compulsory as per Stock Exchange regulations.

Important

CLIENTS HAVING JOINT BANK ACCOUNTS AND JOINT DEMAT ACCOUNTS ARE ALSO PERMITTED TO AVAIL ONLINE TRADING FACILITY.  HOWEVER, TRADING ACCOUNT CAN BE  OPENED ONLY IN THE INDIVIDUAL (SOLE) NAME OF THE FIRST HOLDER OF DEMAT ACCOUNT.

For opening a Demat account with Canara Bank DP:

Documents required with Demat a/c application form:

1. Pass port size photo of self and of nominee
2. Proof of identity :- PAN Card(Mandatory)- original required for verification
3. Proof of address :  (copy of any one of the following) - Bank Pass Book / Ration Card / Pass Port / Voter ID card / Driving Licence (original required for verification)
4. Cancelled cheque leaf (proof of Bank Account details)
5. ECS debit mandate for recovery of DP charges where client has Bank a/c with other Banks
6. Letter of authorization for recovery of DP charges where client has Bank a/c with one of our CBS branches
7. Duly filled in LOT-286 which is obtained at the time of opening Bank A/c