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THE KALUPUR COMMERCIAL
CO-OPERATIVE BANK LIMITED.
   ABOUT US | DEPOSITS | LOAN | OUR SERVICES | DEMAT ACCOUNTS | TELE BANKING | FORMS | GUIDELINE
 

The Kalupur Commercial Co-operative Bank Limited is the first Ahmedabad based Co. Operative bank to work as a Depository Participant (DP) of National Securities Depository Limited (NSDL). It now offers to its customers a whole range of Depository services

::::::::::: DEPOSITORY SYSTEM

The concept of Depository

The Government of India enacted the Depositories Act in August 1996, thus pioneering the concept , of Depositories and entering the age of paperless settlement of securities. NSDL was inaugurated as the first depository in India on November 8, 1996 which is promoted by IDBI, UTI, SBI and NSE to provide electronic depository facilities for securities traded in equity and debt markets. 

Benefits of Depository System 

  • Bad deliveries, and all risks associated with physical certificates, such as loss, theft, etc. is eliminated as in the Depository system, physical securities are converted into electronic book entries.
  • Reduction in handling huge volumes of paper for Brokers, Custodian, Stock Exchanges, Banks, etc.
  • Settlement of trade is faster and free of problems thus enabling a higher frequency of portfolio turnover.
  • Transfer of shares is relatively inexpensive, speedy and does not involve the Transfer deeds and Stamp Duty payment. Besides this brokerage charged by brokers is also less as chances of bad delivery is almost eliminated.
  • Faster disbursement of Corporate benefits like Rights, Bonus, etc.
  • The problem of odd lot is totally eliminated as the market lot for transaction in Depository mode has been fixed as one share.
  • Periodic status reports to investors on their holdings and transactions, leading to better controls.

::::::::::: KALUPUR BANK AS A DEPOSITORY (DP) PARTICIPANT

National Securities Depository Limited (NSDL) carries out its Depository functions through a network of "Depository Participants" (DPs) who actually conduct business with the investors. The depository system functions very much like the banking system. Just like in a Bank one can open an account and deposit/withdraw transfer money, similarly one can open a securities account with a Depository Participant (DP), withdraw securities and instruct the DP to deliver/receive securities.

Services provided by Kalupur Bank as a DP

Bank is providing demat services to their saving/current account holder wherein the client will have to maintain minimum/adequate balance specified by the bank from time to time.

::::::::::: OPENING OF DEMAT ACCOUNT

The client needs to fill up specified form and execute a "Client -Participant Agreement" with the DP(Kalupur Bank). Demat account can be opened either singly or with one or more joint applicants. Any number of account can be opened with the DP or with different DPs. With Opening of an account the client gets identification number called "Client-ID"

The following documents are required for opening of a Depository account

For Individuals , Corporate & Clearing Members

  • Account opening form duly filled along with photographs.
  • Agreement along with Schedule" A' (rate structure) signed on all pages to be stamped .
  • Debit authorisation for debiting charges duly signed in connection to demat account.
  • In Case of individuals, for proof of Identity & address,† a copy of voterís ID card or driving license or passport is required. Additionally for proof of address, a copy of ration card or bank passbook is to be submitted, if required.† Originals will also be required for the above, which will be returned after verification.
  • For all account holders of individual account, HUF account, NRI account, Trust account & Corporate account PAN no is mandatory. Original PAN Card is require for verification.

Additional requirements for Corporate Account

  • MOA and AOA duly certified along with Board Resolution for Corporate
  • Copy of form No.18 in case of change of address duly attested by a director
  • Copy of form No.32 in case of resignation & new appointment of new director duly attested by a director
  • Certificate from present banker regarding satisfactory conduct of the current account.

Additional requirements for Clearing Members

  • SEBI Certificate for Clearing Member, Stock Exchange letter also required.
  • Clearing Member ID (CM) received from Clearing Corporation.
  • Partnership deed and list of partners and their addresses on the Firm's letterhead in case of Clearing Member is a partnership firm.

::::::::::: RATE STRUCTURE FOR DEPOSITORY SERVICES

SCHEDULE "A"

Fee Schedule for Depository Services 

(With effect from 1st September 2007)

SERVICES PROVIDED CHARGES
Account opening form and agreement along with stamp of Rs. 100/- Rs. 110/-

Dematerialisation

Rs. 3 per certificate plus Rs.25/- per request

Rematerialisation

 

Rs. 20/- for every hundred securities or part thereof or Rs. 20/- per certi, whichever is higher

Market/ Off market Transaction (per transaction) sale

Rs. 20/-

Late Transaction Charges (per sell transaction) Rs .20/- per instruction

Pledge charges Pledge Creation, Closure & Pledge Invocation

 

0.02% of the value of the transaction (Min Rs. 30/- )

Rejection of DRF (Postage) Sent through Courier / Registered A.D.

Rs. 25/-

Securities Lending/ Borrowing:                             Lending/Borrowing Initiation                               Lending/ Borrowing Confirmation                           Recall/ Repay Initiation                                Recall/Repay Confirmation     0.02% of the value of the transaction (Min. Rs. 35/-)
Annual Maintenance Charges Rs. 250/-
Other Charges (a) Stationary charges: Rs.25/- per annum

(b) Slip stop transfer: Rs. 50/- per request

(c) Modification of client Details: Rs. 10/- per request

Non-periodic Demat A/c. Statement Rs. 20/- Per A/c.for each month

Failed Delivery Instruction

Rs. 20/- per transaction

Ideas Facility Charges (Registration required)

Rs. 10/- per quarter
  • Fee schedule based on existing NSDL charges and is subject to change at the sole discretion of the bank.
  • All charges will be payable monthly. Charges will be debited to the saving/current Account of the party.
  • Service Tax will be payable levied separately as per the rules in force. request from NSDL.
  • The Value of transactions will be in accordance with the rate provided by NSDL.
  • ::::::::::: DEMATERIALISATION OF SECURITES  

    Demat is a process by which the physical certificates are taken back by the Company/Registrar and actually destroyed and the physical stock is converted into electronic entries in the depository system. This facility can be availed of after opening securities account with the DP .

    Procedure involved in case of dematerialisation

    • Investor surrenders defaced certificates marked 'Surrendered for Dematerialisation" along with Dematerialisation Request form (DRF) to the DP.
    • The DP intimates NSDL of the request and forwards the concerned certificate(s) to the registrar for the purpose of Dematerialisation.
    • Registrar confirms the dematerialisation request from NSDL.
    • Registrar validates the request, updates records & informs NSDL.
    • NSDL in turn updates its records and informs DP of such dematerialisation.
    • Thus the Investor's account gets credited
    • Registrar may reject demataisation request for any objection /reasons.

    Guidelines for Demat Sevice

    ::::::::::: REMATERIALISATION OF SECURITIES

    Rematerialisation is process of converting your electronic holdings in to share certificates in paper form.

    Procedure involved in case of rematerialisation .

    • Investor submits Rematerialisation Request Form (RRF) to DP.
    • DP intimates NSDL of the request and submits RRF to the registrar.
    • NSDL confirms Rematerialisation request to the registrar.
    • Registrar updates accounts .and prints certificates & informs NSDL .
    • NSDL updates account and Informs the same to the DP.
    • Registrar dispatches certificates to the investor.

::::::::::::::::REPURCHASE OF SECURITIES

Repurchase is process of getting NAV based realisation of a particular script in the list of securities.

Procedure involved in case of repurchase.

  • Investor submits Repurchase  Request Form (RRF) to DP.
  • DP intimates NSDL of the request and submits RRF to the registrar.
  • NSDL confirms Repurchase request to the registrar.
  • Registrar updates accounts .and prints cheque on basis of NAV of a particular security.
  • NSDL updates account and Informs the same to the DP.
  • Registrar dispatches cheque to the investor.

    ::::::::::: MARKET AND OFF MARKET TRANSFERS

    Settlement of Trades is faster and free of problems. The role of Kalupur Bank would be to carry out clients' instructions for the movement of securities on sale or purchase..

    Procedure involved when you sell shares

    • The investor places an order with the broker to sell shares, who in turn gives a contract note to the investor.
    • Investor instruct the Depository Participant by way of a "Delivery Instruction by Clients" slips
      (Annexure- L or Annexure- N)to debit the account with the number of shares sold.
    • The shares in turn will move from the clients account to the broker's Clearing Member (CM) account. The broker's CM account thus gets credited.
    • At the time of settlement Broker transfers securities from his CM account to Clearing corporation or Clearing House (CC/CH) by way of "Delivery-Out Instructions by CM for Pay- in" slips" , (Annexure -S). Thus the broker's account gets debited.
    • On the day of pay out investor will get cheque from his broker. 

    Procedure involved when you buy shares

    • The investor places an order with the broker to purchase shares who in turn gives a contract note to the investor.
    • At the time of settlement, the broker makes payment to CC/CH via the Clearing Bank.
    • The CC/CH then releases shares to the Broker's CM account.
    • The broker gives the DP "Delivery Instructions by Clearing Member on Pay-out" slips (Annexure T) to debit the CM account and in turn the investor's account gets credited.
    • †The investor gives the DP "Receipt Instructions" slips (Annexure M) to credit the securities account for the shares purchased.

    In case of off Market trades

    In case when shares are sold the client will give the DP " Delivery Instructions by clients" slips (Annexure L or Annexure- N) to debit the account by filling in details in box marked as "For Off-Market trades".

    In case when shares are purchased., the client will give the DP " Receipt Instructions" slips (Annexure M) to credit the account by filling in details in box marked as'' to be filled in if Deliverer is a Client

    **The client can give standing instructions for credit wherein the shares purchased will get credited automatically into the account.

    ::::::::::: PLEDGE

    The pledgor (borrower) can pledge their dematerialised shares held in electronic form by making an application to the DP. The securities lying in the beneficiary account of the pledgor (borrower) can be pledged In favour of the pledgee (lender / bank).

    Procedure involved when shares are Pledged

    • For Initiation of the Pledge
      • The Pledgor (Borrower) will give DP instructions as to Creation of Pledge as laid down in (Annexure W)
      • Similarly the Pledgee (Lender) will give instructions to his DP as to Confirm the Creation of Pledge as laid down in (Annexure W)
      • On receipt of instructions from both the Pledgor (Borrower) and Pledgee (Lender) through their DPs the Depository (NSDL) will create the Pledge.
    • For Closure of the Pledge:
      • The Pledgor (Borrower) will give DP instructions as to Closure of Pledge as laid down in (Annexure W)
      • Similarly the Pledgee (Lender) will give instructions to his DP as to Confirm of the Closure of Pledge as laid down in (Annexure W)
      • On receipt of instructions from both the Pledgor (Borrower) and Pledgee (Lender) through their DPs the Depository (NSDL) will close the Pledge
    • Invocation of Pledge : 
      • In case where pledgor fails to repay the amount borrowed, pledgee may instruct his DP to invoke the pledgor. Pledgee's (lender/Beneficiary) account will be credited with the share who in turn will sell off shares to set of borrower account.

    Holdings

    Kalupur Bank as a DP will hold securities in its custody (in electronic form) on behalf of its clients. The client will be provided a statement which will give details about the transactions done in the account as well as securities held by the client in the securities account on a regular basis.

    Freezing / Locking of investors accounts

    Securities account can be freezed /locked for any given period of time as a security measure. During this period no debits can be made to the clients account. This additional facility is given just to avoid any unauthorised operations of the account. The client may freeze particular ISIN (Company). Particular quantity of ISIN or whole account.

    Receipt of Corporate benefits

    In case of any rights/bonus issues, the distribution of share entitlements will be done in electronic form by NSDL on basis of information provided by the company. In case of monetary benefits when a company announces dividend, NSDL will provide the details of all persons having electronic holdings of that particular company and the company will disburse the dividend to such holders by sending them dividend warrants directly or though ECS.

    New public issues

    In case of fresh public issue it is possible to get allotment of shares in electronic form. Applicants will have to mention their Client ID Number and the name of the DP in the application form. In such, case shares allotted will be credited directly to the securities account of the client. It is therefore evident that, depository is a much more safe, user friendly, reliable, quick, cost saving mode of holding and transacting securities. We therefore request you to seriously evaluate this option. We are always available to you for any assistance or clarifications with a view to serve you in a better way.

    ::::::::::: D-MAT  Services at a glance

    1. Services at Branches

    Bank provides various services like

    • Account opening for new demat accounts
    • Acceptance of demat request forms
    • Issuance of delivery slips
    • Acceptance of delivery slips for market & off market trades.

    ::::::::::: At following branches  Demat facility is  Available

  1. Anand
  2. Anandnagar,
  3. Bopal,
  4. Drive-in Road,
  5. Kalupur,
  6. Madhupura,
  7. Maninagar,
  8. Nava Wadaj,
  9. Panchvati,
  10. Patrakar Colony,
  11. S.M. Road,
  12. Sola Road,
  13. St.Xavier's Road,
  14. Usmanpura,
  15. Vadodara,
  16. Vasna
  17. Vastrapur
  18. 2. Services through Telephone/Internet.

    Customer can avail 24 hours demat balance services through Tele-demat & IDEAS.

    Tele - Demating Services : Through this service customers can receive their   demat account balances on Telephone No.s 079-27541076,079-27541248,       079-27582035,  079-27582036. 

    IDEAS : IDEAS  is a service which gives customers internet based demat account balances & transaction for last five days. This service is available with at par charges with NSDL,  Rs. 10/- per quater per Account. ( http : //speed-e.nsdl.com)

    SMS : Customer have to register their mobile no's to demat dept. On credit of shares in their account they will receive SMS. This will be much more helpful in case of IPO allotment

     

    Guidelines for Demat Sevice

 

>> Depository System

>> Kalupur Bank as a
     Depository Participant

>> Opening of
     Securities Accounts

>> Rate Structure

>> Dematerialisation

>> Rematerialisation

>> Market and Off
     Market transfers

>> Pledge

>> Facilities

>> Branches @

>> Tele Demating

079-27541076
079-27541248
079-27582035
079-27582036