How can I purchase dematerialised securities?
• For receiving demat securities you may give a one-time standing instruction to your DP. This standing instruction can be given at the time of account opening or later. You may also choose to give separate receipt instruction every time some securities are to be received. The transactions relating to purchase of securities are summarised below: • You purchase securities through a broker; • You make payment to your broker who arranges payment to clearing corporation on the pay-in day; • Your broker receives credit of securities in clearing account on the pay-out day; • Your broker gives instructions to DP to debit clearing account and credit your account; • You receive shares into its account. However, if standing instructions are not given at the time of opening the account, you will have to give ‘Receipt Instructions’ to your DP for receiving credit,. • You should ensure that your broker transfers the securities purchased from his clearing account to your depository account, before t
The procedure for buying dematerialised securities in stock exchanges is similar to the procedure for buying physical securities. Investor may give a one-time standing instruction to receive credits into his/ her account or may give separate instruction each time in the prescribed format. The transactions relating to purchase of securities are summarized below: Investor purchases securities in any of the stock exchanges connected to NSDL through a broker. Broker arranges payment to clearing corporation. Broker receives credit of securities in clearing account on the pay-out day. Broker gives instructions to DP to debit clearing account and credit client’s account. Investor receives shares into its account. However, if standing instructions are not given at the time of opening the account, investor will give ‘Receipt Instructions’ to its DP for receiving credit. The investor should ensure that the broker transfers the securities purchased from the clearing account of the broker to the i
For receiving demat securities you may give a one-time standing instruction to your DP. This standing instruction can be given at the time of account opening or later. You may also choose to give separate receipt instruction every time some securities are to be received. The transactions relating to purchase of securities are summarised below: • You purchase securities through a broker • You make payment to your broker who arranges payment to clearing corporation on the pay-in day • Your broker receives credit of securities in clearing account on the pay-out day • Your broker gives instructions to DP to debit clearing account and credit your account • You receive shares into its account. However, if standing instructions are not given at the time of opening the account, you will have to give ‘Receipt Instructions’ to your DP for receiving credit You should ensure that your broker transfers the securities purchased from his clearing account to your depository account, before the book cl
