How are transactions effected through the Depository?
Ans: After you open an account with a DP, you can buy or sell shares in electronic form, provided the seller/buyer also holds shares in electronic form. You can sell the shares in the depository mode through any share broker. All you need to do is provide him the details of your account with the DP, with a delivery instruction to debit your share account with the number of shares sold by you. Similarly, when you buy shares in the depository mode, you must inform the broker about your depository account details so that the shares bought would be credited to your account with the DP. It is advisable to give free credit instruction to your DP to receive the credit to your account automatically.
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