What are the facilities offered by DP account?
• Dematerialisation i.e., converting physical certificates to electronic form. • Rematerialisation i.e., conversion of securities in demat form into physical certificates. • Facilitating repurchase / redemption of units of mutual funds. • Electronic settlement of trades. • Pledging/hypothecation of dematerialised securities. • Electronic credit of securities allotted in public issues, rights issue. • Automatic receipt of non-cash corporate benefits such as bonus, in electronic form. • Freezing of demat accounts, so that the debits from the account are not permitted. • Nomination facility. • Services related to change of address. • Transmission of securities. • Other facilities viz. holding debt instruments in the same account, availing stock lending/borrowing facility, etc.
