What are the benefits of Opening a Depository account?
Elimination of postal delays , Elimination of bad deliveries , Elimination of loss of certificates in transit , Elimination of fake, forged, counterfeit and intercepted transfer-documents and certificates , Elimination of filling of transfer deeds and affixing of share transfer stamps , Almost immediate ownership of securities on settlement , Clarity in the title of ownership of securities at all times , Other Advantages , Conveniently conversion of securities into electronic and physical forms , Ready acceptance of securities held in electronic form for pledge and hypothecation , Public issue allotment , Corporate actions – Collection of rights/bonus shares etc.
