| Q. |
What
are the key benefits of a Demat account with Standard Chartered? |
| Q. |
What
are the general advantages of a Demat account? |
| Q. |
How
can I open my Demat Account with Standard Chartered? |
| Q. |
Where
can I get services for my Demat account with Standard Chartered?
|
| Q. |
What
is Demat Phone Banking? |
| Q. |
How
frequently will I get a statement pertaining to my Demat account? |
| Q. |
What
is the tariff of charges for Demat services from Standard Chartered?
|
| Q. |
How
should I pay the charges charged to my Demat account ? |
| |
|
| Q. |
What are the key benefits
of a Demat account with Standard Chartered? |
 |
| |
Safety |
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| > |
A personalised and numbered
Instruction Booklet (similar to a cheque book) for the customer
along with compulsory signature verification ensures safety
and security in processing of transactions |
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| > |
Execution of instructions
within the applicable timelines |
|
| |
Convenience |
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| > |
Easy access through Phone Banking in all cities of operation |
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| > |
Full fledged Service Desks
at branches |
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| > |
Room Service facility to open
the Demat account from the comfort of your home or office |
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| > |
Unique Transaction cum Holding
cum Billing Statement to enable you to understand transactions
on your depository account and charges levied in a transparent
and convenient manner |
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| > |
Convenient payment of charges
through your existing bank account or Standard Chartered credit
card |
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| |
Special Privileges |
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| > |
Immediate and Convenient Finance
Against Securities (FAS) against your Demat Shares at special
pricing. An immediate overdraft facility which you can use as
per your requirements and pay interest only on the amount and
for the period used |
|
| > |
Nominal pledge charges in case
shares are pledged for FAS facility from the Demat account opened
with us |
| |
TOP |
| Q. |
What are the general
advantages of a Demat account? |
> |
Trading in the Demat form eliminates
the cumbersome use of paper |
|
| > |
There is no stamp duty applicable
on the value of transferred shares compared to the physical
mode. This means a saving of nearly 0.5% in stamp costs |
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| > |
Normally brokerage for Demat
shares is lower |
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| > |
You can save share transaction
time by as much as 2 to 3 months. The shares purchased can be
transferred to your Demat account immediately on settlement
by your broker |
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| > |
You can maintain address and
bank account details for all your investments through single
communication with one Depository Participant |
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| > |
You can also avail Finance
facility against Demat shares in a simple and easy manner |
| |
TOP |
| Q. |
How can I open my Demat
Account with Standard Chartered? |
| |
All you have to do is call
any of our Depository
Service Centres or Phone Banking lines and we'll assist you with a better understanding
of the products and in opening the account. |
| |
TOP |
| Q. |
Where can I get services
for my Demat account with Standard Chartered? |
| |
You can avail of services on
your Demat account at any of our Depository
Service Centres. |
| |
TOP |
| Q. |
What is Demat Phone
Banking? |
| |
As a Demat account holder you
can get information on your Demat account through our Phone Banking service in your city. |
| |
TOP |
| Q. |
How frequently will
I get a statement pertaining to my Demat account? |
| |
You will get a Transaction
cum Holding cum Billing Statement on a quarterly basis. In addition
you will also receive a monthly statement in case there are
any transactions during the month. |
| |
TOP |
| Q. |
What is the tariff
of charges for Demat services from Standard Chartered? |
| |
Tariff of Charges for Depository
Services - Individual Beneficiary Accounts
w.e.f April 2004 |
|
| |
| Type of Charge |
Tariff |
Min per transaction |
| Account Opening |
Rs.200/- (inclusive of all legal and
documentation charges) |
- |
| Market, Off- Market Trades Buy/ Sell/Interdepository |
0.05% of transaction value |
Rs. 23/- |
| Dematerialisation |
Rs. 3/- per certificate |
Rs. 35/- per request |
| Rematerialisation |
Rs.50 per certificate |
- |
| Custodial Charges |
Rs.90 per quarter except for non transacting*
accounts where charge will be Rs.150 per quarter + NSDL
charges will be charged at actuals |
|
Pledge Requests
(Creation/Closure) |
Pledge to FAS account - Rs.25 per
transaction Other pledges - 0.04% of transaction value
|
Rs.100 |
|
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Please Note: |
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| > |
All charges and service standards
are subject to revision at the discretion of the Bank. |
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| > |
Any service, which is not
mentioned above, will be charged separately as per the applicable
rates from time to time. |
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| > |
For custody charges, an account
will be a transacting account if it has any market and/or off
market trade, dematerialization request, pledge creation and/or
closure request during the quarter. |
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| > |
All instructions for transfer
must be received at our designated service centres within the
stipulated acceptance time before the execution date of the
instruction. |
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TOP |
| Q. |
How should I pay the
charges charged to my Demat account ? |
|
| |
You can pay your Demat charges
by availing of any of these options: |
|
| |
Direct debit to any of your
savings or current account with Standard Chartered |
|
| |
Debit mandate to your non-SCB
account with a scheduled commercial bank, which is participant
of the Electronic Clearing Service (ECS) of RBI |
|
| |
Charge to your Standard Chartered
credit card |
