Depository Services

What is a depository?

A Depository is an organization 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 DEAMT account. The Depository services are carried over in the name of Canara bank Securities Limited (CBSL) a wholly owned subsidiary of Canara Bank. CBSL is having membership in both equity exchanges - NSE & BSE. CBSL is also offering Depository Services and is registered with NSDL.

CBSL Offers Online Trading (OLT), through web based portal www.canmoney.in
 Why DEMAT account:

• Shares are held in electronic form

• No need to safe keep share certificates

• No need to remember record dates of various companies

• Immediate transfer of securities

• No stamp duty on transfer of securities

• Risk of bad delivery, fake securities eliminated

• Reduced paper work for transfer of securities

• Reduced transaction cost

• Nomination facility available

• Automatic noting of change of address

• Easy transmission of securities

• Automatic credit of Dividend / bonus shares

• 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
• IDeAS (Internet based Demat Account Statement) FACILITY  FOR VIEWING AND DOWNLOADING BY DP CLIENTS.
• NSDL has launched ACE (Alerts to Clients through Email) for sending E-mails whenever change of address is noted in DPM system.

Why DEMAT account/Trading Account with Canara Bank/CBSL:

• Multi locational services across the country

• Competitive charges

• Customer friendly service

• IDeAS (Internet based DEMAT Account Statement) facility available for viewing and downloading transaction statements from internet

• CAN ROYAL Software( Exe based) provided to Customers for Live trading Experiences, and faster execution of Orders

• 100% subsidiary of Canara Bank

• A fully IT based company

• Free Trade Calls and Research Reports

• Paper less environment, i.e. Digitally signed contract notes, reports etc. sent by email

• Mobile Trading facility available in Android & iOS platforms

• Promotional Incentives

• Advantage of maintaining CASA account with Canara Bank, a top public sector Bank

• Active Institutional desk which handles big / bulk orders

• The company is directed by veterans of the financial sector field vis-à-vis MD & CEO of Canara Bank, ED of Canara Bank, GMs of Canara Bank and Reputed professionals

• The home page of www.canmoney.in is fully informative and with links to important sites of NSE/BSE/SEBI/NSDL/CDSL/RBI   etc.

• No hidden charges. Transparency in transactions

• Direct access to Capital Markets

• Dedicated & experienced staff

• Dedicated IT staff to monitor, trouble shoots and redress the customer queries / grievances.

• Well established systems & procedures

Services available:

• Account opening

• Dematerialization

• Transfer of securities

• Pledge services

• Freezing and un-freezing the depository account

• Nomination facility 

• Mutual Fund services

• Settling of death claims, if any in a faster mode

Other Related Services:

Presently CBSL offers following products through its portal www.canmoney.in

There are 4 products in the cash segment viz. Cash & Carry (CNC), Intra Day Trade (IDT), BITSOT and Margin plus.

In the derivative segment CBSL offers trading in FNO segment and Currency Derivative segment of NSE.

Besides online trading products, CBSL also provides online subscription facility to the IPO’s / Mutual Fund Schemes and offline subscription to OFS (Offer for Sale)/SGBs (Sovereign Gold Bonds).

One needs to have 3 in 1 account integration to avail Canmoney products:

PANCHARATNA ACCOUNT- Five utilities in one account

Products features detailed below and FAQs will enable the readers to have a clear idea about the products / operations.   

MUTUAL FUNDS :

INVESTMENT IN VARIOUS MUTUAL FUNDS MAY ALSO BE HELD IN DEMAT ACCOUNTS
AMC‘s are available on Can money Portal for online subscription through “BSE STAR” MF Platform: 

For More Details Regarding capital Market (Both Primary and Secondary), Depository Services, online trading, Compliance and Statutory Norms, Regulations, Please Visit the following Websites;
1. www.sebi.org
2. www.nseindia.com
3. www.bseindia.com
4. www.canmoney.in
5. www.nsdl.co.in
6. www.cdslindia.com
Documents required for DEMAT/OLTaccount opening:

• Application form       2. Sample form       3. Modification form

 Account opening and Brokerage Charges :
Consolidated charges - Rs.600/- to be paid at the time of opening the account. (Inclusive of Charges towards DP agreement (stamp duty), Power of Attorney and other expenses). ( If there is more than 5 transactions with in first three months of opening, brokerage upto Rs.600/- will be refunded)

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   
- Latest Telephone Bill ( not more than 2 months old)
- Driving License - 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 License                                         -   Passport
          - Identity Card with address, issued by Central/State Government and its       Departments

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 reque st letter along with cancelled of cheque leaf of new Bank account / Bank Statement

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 branches, a depository (demat) account 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 branches of our Bank. 

Contact Details :
Mumbai Office: 022- 43603855/ 22802455/43603800/ 43603845/ 43603848/ 22802445/  22802448 

Bengaluru Office: 080- 22291697/ 22105148/ 22271211

Branches/Offices can also generate the leads in the following link: The Marketing team of CBSL/Canara Bank will facilitate the Customer to open DEMAT/OLT account.

https://www.canmoney.in/register-here  {control + click to open the link}