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December 31st, 2016, 02:34 PM
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Join Date: Mar 2012
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.
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