How to buy dematerialised shares?
• You can purchase the share in any of the four exchanges where the bank is listed, through a broker of your choice and make payment to your broker. Make sure you tell your broker you want only in demat shares. • Broker arranges payment to clearing corporation / clearinghouse of the stock exchange • Broker receives credit in his clearing account with his DP on the payout day. He can immediately transfer these securities to your depository account, provided your account is already active. • You give instruction to the Bank for receiving credit in your depository account. If you have separate instructions to receive credits, no separate instruction for receiving credit will be required. • If the instructions match, your account with the Bank would be credited.
