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Demat

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Demat


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RemittanceNRIs who wish to invest in shares, bonds, debentures of Indian companies can opt for the Demat facility with us. We convert your physical holding of securities (backed by physical share certificates) to electronic balances held in a Demat account. You can have securities balances either by converting your existing physical certificates, or by buying them in dematerialized form.

Demat facility offers the following features:

  • Account mintenance & safe custody: Facilitates maintaining security balance in electronic form.
  • Dematerialization: Facilitates converting physical share certificate into electronic balances.
  • Rematerialization: Facilitates converting the electronic balances to physical (share certificate) form.
  • Account transfers: Facilitates delivery / receipt of electronic balances consequent to market / off-market trades.
  • Pledge / hypothecation: Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
  • Initial public offer: Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies.
  • Disbursement of corporate benefits: Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits such as bonus and rights issues.
  • Security lending: Facilitates earning extra income on your dematerialized holdings by the way of securities lending.

Note: To opt for Demat facility and to have the Portfolio Investment Scheme operationalised, please contact any SBI branch authorised to handle Portfolio Investment Scheme.