How can an investor/ demat account holder purchase dematerialised securities?
• For receiving demat securities the demat account holder may give a one-time standing instruction to his/her branch DP. This standing instruction can be given at the time of account opening or later. He/she may also choose to give separate receipt instruction every time some securities are to be received. However, it is advisable to give standing instructions for “credits” at the time of opening Demat account. • The transactions relating to purchase of securities are summarized below: • Demat account holder purchases securities through a broker; • He/she makes payment to his/her broker who arranges payment to clearing corporation on the pay-in day; • His/her broker receives credit of securities in clearing account on the pay-out day; • His/her broker gives instructions to branch DP to debit clearing account and credit his/her account; • He/she receives shares into his/her Demat account. However, if standing instructions are not given at the time of opening the account, he/she will hav
Related Questions
- Government Securities & Debt Instruments Can an investor dematerialize his/her debt instruments, mutual fund units, government securities also in his/her demat account?
- Can debt instruments and government securities also be dematerialised in the same demat account?
- How can an investor/ demat account holder purchase dematerialised securities?
