In case of any ambiguity, the contents of the English version would prevail.
Account Opening Documents.
| Name of Depository Participant | HDFC BANK LIMITED |
|---|
| CDSL |
| DP ID | Client ID |
Axis Bank is a registered member (Depository Participant) of NSDL. Axis Bank has been enrolled as a Depository Participant by the NSDL - India's first depository. You can avail of all the depository-related services by just opening an account with NSDL through Axis Bank.
CDSL. Being in a duopoly with NSDL, CDSL has created a strong market for itself and will continue to gain revenue as markets mature and volumes rise. A basket of 10 fundamentally sound stocks could do the trick in making wealth in the long term.
Promoters/Shareholders
CDSL is promoted by Bombay Stock Exchange Ltd (BSE Ltd) - the Asia's latest Stock Exchange. Other shareholders include HDFC Bank Ltd, Standard Chartered Bank and Canara Bank.9.How do I register for easi/easiest ?
- Login to CDSL's website and click on the link “Register Online” from the homepage.
- Select the facility (easi/easiest) you wish to register for.
- Enter your details like Login–Id, Email-Id, etc.
- Print the registration form.
TPIN is something CDSL has introduced to improve security and authorize you to take the demat account transaction in your hands. You have to now start the sell transaction by first entering the TPIN. Only when CDSL has validated you as an authorized user, you will be able to carry forward the trade.
The DP name is the depository participant's name. The name of the broker has to be entered in the box for DP name. Generally, the DP name is preceded by Depository, DP ID and DP account. In the depository section, you have to either choose NSDL or CDSL.
How to Check Demat Account Balance
- Visit the CDSL website.
- Login using the appropriate details.
- When requested, enter your 10 digit PAN number.
- Next, enter your 16 digits Demat account number.
- Enter your DOB.
- Complete Captcha requirements.
- Click to generate an OTP which will be sent to your registered mobile number.
Motilal Oswal Value Pack Scheme Brokerage
| Segment | Brokerage |
|---|
| Equity Delivery | from 0.10% to 0.40% |
| Intraday Cash or Future - Equity and Commodity | from 0.01% to 0.04% (both side) |
| Options - Equity | from Rs 20 to Rs 50 per lot (both side) |
| Currency F&O | from Rs 10 to Rs 22 per lot (both side) |
Difference between CDSL and NSDL
| Sr. No. | Particulars | CDSL |
|---|
| 4. | Number of depository participants registered | 599* |
| 5. | Investor Accounts | 2.11 crore* |
| 6. | Demat account number format | 16-digit demat account number |
| **- As on February 29, 2020 *- As on March 31, 2020 |
This account number is a 16 digit alphanumeric code. The first 8 letters is your DP ID and the last 8 digits is your Client ID. The Client ID along with your DP ID gives you a demat account a unique identification in the depository (CDSL or NSDL) where you have your demat account.
Your Zerodha demat account number is a 16 digit number consisting of DP ID and Client ID. Both are of 8 digits each. The Zerodha DP id is 12081600. It is the same for all customers.
The demat account number or demat ID is a 16-digit number. This number actually has two parts to it, being a combination of the DP ID of the broker and the client ID of the user. The first part is the DP ID while the second part is the client ID.
Investors can open multiple demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one demat account with the same DP. So, if you want to open two demat accounts, you need to open one account each with two different DP.
Rightly known as the banker to every Indian, SBI is a very reliable institution to bank upon. You can safely open a demat account in SBI Cap Securities and carry out your trading transactions through the demat account. The brokerage fees are rational.
Zerodha is as safe and genuine as any other stock brokers in India. It is regulated by SEBI and is a debt-free company. It has not been involved in any major regulation violation in 10+ years.
Demat Structure
| Type of Charge | NSDL Charges |
|---|
| On Market/ InterDepository/ Off Market | Transaction Charges :- Every Credit Transaction – Nil. Every Debit Transaction – ₹ 25/- per ISIN. |
| Pledge Creation | ₹ 5 - per ISIN + CDSL charges at actuals |
| Unpledge Creation | ₹ 5 - per ISIN + CDSL charges at actuals |
Yes, we can transfer shares from NSDL to CDSL demat account. The transfer of securities from an account in NSDL, to an account in CDSL is called an inter-depository transfer. You have to contact your stock broker whom you have your NSDL Demat Account to being the transfer.
You purchase securities in any of the stock exchanges connected to NSDL through a broker of your choice and make payment to your broker. Make sure you tell your broker you want only demat shares. Broker arranges payment to clearing corporation/ clearing house of the stock exchange.
For these services, CDSL charges a fixed amount to the issuer company based on the number of folios. Other segments:- Besides the above category, the company also earns through account maintenance charges, E-voting charges, ECAS charges and other operating revenues.
Any investor who wish to open a demat account, needs to approach a Depository Participant (DP) of his / her choice. Click here () to view the list of DPs associated with NSDL who may help you to open a demat account.
