Exclusive Offer: No Brokerage until Dec 31st + 5 Free Trades every month, for life + Free Online Stock Trading    START NOW >
Chittorgarh logo
Contact Us   Facebook   Go
IPO's in India
  IPO Dashboard
  Current IPO List
  IPO Calendar
  Performance Tracker
  Grey Market Premiums
  IPO Ratings
  IPO Reviews
  IPO Message Board
  Basis of Allotment
  IPO Alerts
  IPO Prospectus Docs
  IPO Reports (Historic)
  IPO News Live
  IPO FAQs
  IPO Alert Blog
Current IPOs-BSE, NSE
More IPO's...
Current SME IPO's
More SME IPO's...
Subscribe with us...
 Free Email Alerts
 Name
 Email 

India Stock Market
  Stock Message Board
  Stock Market Home
  NSE Bulk Deals
  NSE Circuit Filters
  Corporate Announcements
  Market Holidays
  Stock Gadgets
Bonds & NCDs
  Current Bonds / NCDs
  Discuss Bonds
Stock Trading Brokers
  Broker Comparison
  Stock Broker Articles
  Discount Brokers
  Zerodha (Trade at Rs 20)
  RKSV
  Trade Smart Online TSO
  Traditional Brokers
  ICICI Direct
  Sharekhan
  Kotak Securities
  SBI Securities
  HDFC Securities
  Reliance Securities
  Bajaj Capital
  Standard Chartered
  Geojit BNP Paribas
  IDBI Capital
  Motilal Oswal
  Angel Broking
  Ventura
  Indiabulls Securities (ISL)
  India Infoline (IIFL)
  Religare Broking

IPO FAQs » Demat Account FAQ's

Ask your question

IPO Frequently Asked Question(s) provide answers to commonly asked questions about IPO’s in Indian Stock Market. This IPO FAQ Category helps IPO investors for their better understanding of IPO’s and to resolve their quires.

We welcome you for your comments to improve answers of the questions asked in this category. Please feel free to post comments. We appreciate your participation in building this page simple, easy to understand, relevant and correct information provider to the Indian Investor Community.

If you don't find answer of your question, do not hesitate to ask our expert team by clicking 'Ask your question' link on the top of this page.

<< Check out all FAQ's about IPO's

1

Is it mandatory to have a demat account to apply in an IPO?

Yes it's mandatory to have a demat account to apply in an IPO. IPO Allocated shares are transfer to investors demat account. If you don't provide correct demat account information your IPO bidding application will not consider for share allotment.

Always double check that you provided correct DP ID and Client ID details in the bid/application forms before submitting the form.

    0 Comment(s) - Read / Post Comments  
 

2

How do I transfer from one demat account to another demat account?

Transfer of securities from one account to another account can be affected through off-market transactions (i.e. without routing through the broker or stock exchanges) by furnishing the depository participants identity number and the client identity no. The duly filled in slip is to be submitted to the concerned DP with whom you have the demat account. The transfer is affected by NSDL after receiving the executed document forwarded by the DP on behalf of the Client. Charges are applicable and the transferor will have to disclose the market value of the shares intended to be transferred in a separate form which is to be annexed along with the off-market transfer slip.

Answered by Mr Ramu

    11 Comment(s) - Read / Post Comments  
 

3

I do not have a demat account. Can I apply in an IPO?

No, an investor can not apply in IPO without demat account. All the public issues of size in excess of Rs.10 crore has compulsorily in demat mode. So if you want to apply for an issue that is being made in a compulsory demat mode, you are required to have a demat account and also have the responsibility to put the correct DP ID and Client ID details in the bid/application forms.

    3 Comment(s) - Read / Post Comments  
 

4

How much interest do I get on demat account?

Demat account is for holding Dematerialized securities (Shares, Unit of Mutual funds etc). It does not have any amount in it. Hence the question of Interest does not arise.

Answered by IPO Champion

    4 Comment(s) - Read / Post Comments  
 

5

What are the maintenance changes for a demat account? Are there any hidden charges or processing fees on the transactions I do on demat account?

Maintenance charges are also known as folio maintenance charges, and is generally levied in advance.

The transaction fee is charged for crediting/debiting securities to and from the account on a monthly basis. While some DPs, such as SBI, charge a flat fee per transaction, Some DPs charge only for debiting the securities while others charge for both.

Answered by Shweta

    2 Comment(s) - Read / Post Comments  
 

6

Do I have to pay yearly maintenance changes even I do not hold any shares in my demat account?

Yes but it differs from broker to broker. Some brokers have annual maintainence and some dont.

    1 Comment(s) - Read / Post Comments  
 

7

Can a person have more than one demat account on his name?

Yes, a person have more than one demat account on his name. There is no restriction on number of demat accounts which an investor can open. An investor can open more than one account in the same name with the same DP and also with different DPs. For all the accounts, investor has to strictly comply with KYC norms including Proof of Identity, Proof of Address requirements as stipulated by SEBI and also provide PAN number. The investor has to show the original PAN card at the time of opening of demat account.

    3 Comment(s) - Read / Post Comments  
 

8

Can a Demat account opened for a minor?

Yes Demat account can be opened in the name of a minor. The account will be operated by a guardian till the minor becomes major, Guardian has to be the father or in his absence mother. In absence of both, father or mother, the guardian can be appointed by court.

    1 Comment(s) - Read / Post Comments  
 

9

What is the diffrence between Demat account number and Trading account number ?

Be the first to answer this question.

    2 Comment(s) - Read / Post Comments  
 

10

What is CDSL and NSDL ?

Be the first to answer this question.

    1 Comment(s) - Read / Post Comments  
 
 

 

More IPO FAQ  List of all IPO Investment related Frequently Asked Questions (FAQ's)

More IPO FAQ  Ask your question

 

Online Stock Trading ICICIDirect Sharekhan Zerodha Ventura Indiabulls RKSV Trade Smart Online (TSO) Reliance Sec Religare Motilal Oswal
IPO Dashboard Current IPO List IPO Calendar IPO Performance Tracker IPO Grading / Ratings IPO Basis of Allotment IPO FAQ's IPO Alert Blog 
Home Page Current NCD's / Bond's in India Stock Market Message Board General Discussion Forums Contact Us Guest Book About Us Sitemap
Subscribe to Free IPO Alert Emails ... Name:       Email:      
Chittorgarh.com All rights reserved. For questions, comments, suggestions and praise Contact Us today.