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Name of the Organization : The Federal Bank Ltd (federalbank.co.in)
Type of Facility : Open Demat Account
Location : Mumbai

Website : http://www.federalbank.co.in/home

Federal Bank Ltd Related Content:
Register For Internet Banking: https://www.indianjobtalks.in/24573.html
FedNet Online Registration: https://www.indianjobtalks.in/3670.html
Bank Passbook on Mobile: https://www.indianjobtalks.in/17146.html
Personal Banking Account: https://www.indianjobtalks.in/6881.html

How to Open a Demat Account?
Federal Bank offers a secure and convenient way of keeping track of your shares

Who can Apply?
** Any Indian national above 18 years of age with a valid PAN Card.
** An account with Federal Bank

Procedure for converting the physical shares into electronic form :
** To convert the shares into electronic form the investor should open an account with any of the depository participants.
** For opening an account the investor has to fill up the account opening form. An account number (client ID) will be allotted after signing the agreement which defines the rights and duties of the DP and the investor wishing to open the account. The client ID along with the DP ID gives a unique identification in the depository system. Any number of depository accounts can be opened
** After opening an account with the DP the investor should surrender the physical certificates held in his name to a depository participant.
** These certificates will be sent to the respective companies where they will be cancelled after dematerialization and will credit the investors account with the DP
** The securities on dematerialisation will appear as balances in the depository account
** These balances can be transferred like the shares held in physical form.
** Dematerialised shares are in the fungible form and do not have any distinctive or certificate numbers
** The securities in the demat can again be converted into physical form which is called as rematerialisation.

Documents Required :
** Proof of Identity-Any One Voter ID Card, Passport, PAN Card, Driving License, any other Government Issues ID card
** Proof of Address-Any One Passport, Voter ID Card, Ration card, Driving License, Copy of bank Pass Book, recent telephone/electricity bill.
** Passport Size Photograph.
** Copy of PAN card

Key Features :
** A Demat Account offers a secure and convenient way to keep track of shares .
** It provides the immediate transfer of securities.
** On transfer of security there is no stamp duty .
** Reduced cost on share and commodities transactions.
** Nomination Facility Available.
** Negligible paperwork involved in transfer of securities
** Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc.
** Any change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately.
** Transmission of securities is done by DP eliminating correspondence with companies
** Automatic credit into demat account of shares, arising out of bonus/split/consolidation/merger etc.
** Holding investments in equity and debt instruments in a single account .
** Regular statement of account of your transactions/holdings

Advantages of dematerialisation :
** No direct communication links exist between two business partners and all communications are routed through NSDL.
** A statement of account is received periodically by the investors. NSDL sends statement of account to a random sample of investors a s a counter check.
** The investor has the right to approach NSDL if the grievances of the investors are not resolved by the concerned DP.
** There is no risk due to loss on account of fire, theft or mutilation.
** There is no chance of bad delivery at the time of selling shares as there is no signature mismatch.
** Transaction costs are usually lower than that in the physical segment.
** The bonus /rights shares allotted to the investor will be immediately credited into his account.
** Share transactions like sale or purchase and transfer/transmission etc. can be effected in a much simpler and faster way.
** Rematerialisation
** Electronic holdings can be converted back into certificates if you wish to get back your shares in physical form.

For More Details, Click Here : http://www.federalbank.co.in/dematerialization-information-on-demat-accounts