Opening a DP account with GRD
DP account is now a must for every participant in the stock market. GRD’s depository service offers a very simple and convinient mechanism to track and transact your investments without the of handling physical documents.
GRD DP Account offers dematerialisation, rematerialisation, transfer and pledging of shares, stock lending and borrowing.
There is no fee for opening DP accounts with us. However a nominal deposit (Non refundable) is changed services which will be adjusted against all future billings.
All investors have to submit their proof of identity and proof of address along with the prescribed account opening form.
- Copy of PAN card is Compulsory
- Passport-size photograph
- Copy of cancelled cheque for MICR verification
- Proof of identity : You can submit a copy of passport, Voter ID card, Driving licence or PAN card.
- Proof of address: You can submit a copy of Passport, Voters ID card, Driving licence, Ration card, Bank passbook/Statement or Telephone/Electricity Bill (not more then 2 month old) as proof of address.
You must remember to take original documents to the DP for verification.
Services
Dematerialisation
Dematerialisation is the process by which a client can get physical certificates converted into electronic balances maintained in his account with the DP.
Holdings in only those securities that are admitted for dematerialisation by National Securities Depository Ltd (NSDL) / Central Depository Services (India) Limited (CDSL) can be dematerialised.
Structure of holding in the securities should match with the account structure of the depository account. Now shares in different order of names can also be dematted.
Rematerialisation
Rematerialisation is the process by which a client can get his electronic holdings converted into physical certificates. The client has to submit the rematerialisation request to the DP with whom he has an account along with a Remat request form. The physical shares will be posted by the company directly to the client.
Delivery Instruction
1) Auto pay-in facility
2) Submit physical delivery instruction slip to our office.
Auto pay in facility:
You need to just concentrate on how to enhance your profit and make money. All other matters related to delivery of shares/securities is our task to execute. You just purchase and sell shares/securities and we will take care of rest of formalities. What else, we will provide you this facility at no extra cost.
We can change the way you deal in shares/securities only provided you give us opportunity to serve you. We will prove our credential in no time.
And more importantly, how do you judge which advice is reliable, authentic and has the least chance of failure.
PLEDGE
Pledge enables you to obtain loans against your dematerialised shares. So you get liquidity without having to sell your shares.
A highly simplified procedure may be availed of for pledging of securities in the electronic mode. The pledged securities continue to be reflected in the DP account of the clients (pledgor) but the concerned securities are “blocked” and cannot be used for any transactions. As and when the pledge is to be removed, based on confirmations received from both the pledgor and the pledgee, the blocked securities will be released to “Free Balance” of the account holder.
A very big advantage of using pledges in the electronic mode is that the securities continue to be in your account and therefore all benefits-viz Dividend, Bonus and Rights–accrue to the holder, ie you and not the bank (pledgee).