I am planning to open an DP (Demat Account) in Oriental Bank of Commerce (OBC) and searching for details about this account. Will you tell what benefits of opening this account in OBC and also provide DP Account opening form of bank so I can apply for opening account?

Oriental Bank of Commerce (OBC) is an India-based bank established in Lahore, is one of the public sector banks in India.

About Demat Services

Similar to opening a Bank Account to save money, make payment, transfers etc. you need to open a Demat account if you want to buy or sell stocks.

It is just like bank account where actual money is replaced by shares.

You don't need to have possession of any physical certificate showing that you own these shares

Benefits of DP (Demat Account):

A safe and convenient way to hold securities.
Immediate transfer of securities.
No stamp duty on transfer of securities.
Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc.
Reduction in paperwork involved in transfer of securities.
Reduction in transaction cost.
No odd lot problem, even one share can be traded.
Nomination facility.
Change in address recorded with DP gets registered with all companies in which investor holds securities electronically 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.




Please find the below attached file for the Oriental Bank Of Commerce DP Account opening form:


Contact:

Corporate Office
Plot No. 5, Institutional Area
Sector-32
Gurgaon – 122001

Telephone Nos.:

PBX board/ receiption numbers : 0124-4126200 and 0124-4126300
Toll Free Customer Care No. : 1800-180-1235
Toll Customer Care No. : 0120-2580001

Attached Files

DP Account opening form.pdf (2.73 MB, 91 views)