What are the facilities offered by DP account?

What are the facilities offered by DP account?

Following facilities are offered: -

• Dematerialisation i.e., converting physical certificates to electronic form.

• Rematerialisation i.e., conversion of securities in demat form into physical certificates.

• Facilitating repurchase / redemption of units of mutual funds.

• Electronic settlement of trades.

• Pledging/hypothecation of dematerialised securities.

• Electronic credit of securities allotted in public issues, rights issue.

• Automatic receipt of non-cash corporate benefits such as bonus, in electronic form.

• Freezing of demat accounts, so that the debits from the account are not permitted.

• Nomination facility.

• Services related to change of address.

• Transmission of securities.

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