#1
December 31st, 2016, 02:34 PM
| |||
| |||
Demat Account Union Bank Of India
Hi I want to open a Demat account in the Union Bank Of India so can you please tell me that what are services offered by the bank so I can have an idea??? A Demat account is opened by the investor while registering with an investment broker (or sub-broker). Union e-Demat offers you online access to your Demat account through a single log-in to its internet banking service. You are able to do the following: See your Account Details See your Demat Holdings Get the statement of Account for a period See Billing Details Request for slip book Report loss of slip All that you need to have to avail this service is the access to the internet banking service of Bank, Union e-Banking, which is given free of cost to customers of Bank’s CBS branches. Demat benefits Easy and convenient way to hold securities Immediate transfer of securities No stamp duty on transfer of securities Safer than paper-shares (earlier risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc. are mostly eliminated) Reduced paperwork for transfer of securities Reduced transaction cost No "odd lot" problem: even one share can be sold Change in address recorded with a Depository participant (DP) gets registered 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 the need for notifying companies. Last edited by Neelurk; April 7th, 2020 at 08:17 AM. |
|