Hi One of my friends is trying to open a demat account with a DP, arthaman, if I've spelt it correctly. Can we open an account with LTI even with DPs?
And please provide me with the guidelines required to open a demat account with NSDL and CDSL. -- G. Vamshi PH Res : +91 877-2243861 Mobile: +91 9949349497 E-mail ID: [email protected] Skype: gvamshi81 God helps those who help themselves On 9/18/09, Amar Jain <[email protected]> wrote: > Dear Sir, > > We both are traveling in the same boat. > Firstly, in which bank you have your bank account? > Because, you should open your demat account with the same bank. > > The point which needs to be noted is, most of the banks are opening account > with cdsl and not with nsdl. > The instructions for opening our account with cdsl is explained in dp > operating instructions point no. 2.5. For instructions, contact your nearest > DP since they only possess the copy of dp instructions. > You can also send your problems to: > > [email protected] > > Points need to be taken care while filling up the form: > > 1. All the thumb impressions on Demat account form, are need to be verified > by the branch manager. > In the case of State bank of India it is 9 thumb impressions. So, on 9 thumb > impressions, the stamp sign and the code of branch manager needs to be put. > > All the thumb impressions need to be done in front of branch manager. Then > only he will verify. > > Note: the stamp of the branch manager should not contain any disclaimor > which says "We are not lible for unauthorize use of something....", because > if it contains any such, your form will be rejected. > > 2. All zeroxed documents must contain your thumb impression on each, with > the verification of branch manager. All will same. Stamp, sign and branch > manager code. > > 3. A statement should be there which says that complete form has been red in > front of you, with the verification of branch manager and should be signed > by two witnesses. This is the requirement of DPCPC and not of CDSL but it > needs to be done. So where that statement should be or actually where it is > for that contact your DP. > Because this is today's rejection so tomorrow I am going to find it out that > where it should be written. So cant be precise about this part. > > I only know the process of thumb impression since I do that only. > > These much rejections I have got uptill now, so only this much I will be > able to tell you!!! > > The procedure is dam lengthy, so be patient and your DP should be > co-operative then you can proceed further even with rejections! > > Prayers from my heart, that you never get rejections due to lack of > awareness of guidelines on the part of DPCPC. > > Now talking about trading form: > > First your demat account should be opened then only trading account... > > All thumb impressions on trading form needs to be notrised. > > The agreements included in the form should also be notrised. > > In the case of notry here, they will put a stamp and sign on all the thumb > impression, and at the last page last thumb of form, they put some red ceal > or something... or perhaps some red stamp. > > But every agreement needs to be notrized. > > > The superb part of this process, in the case of Motilal Oswal trading form > there are 39 thumb impressions. Below 30 or 34 thumb impressions I have > never seen any form. So just think of some good source who can get it > notrized or get ready to pay good amount to notry people. > I know this much only. > > My best wishes. > > I am not trying to make you afraid, but just explaining you all the > difficulties which are coming in my path. > Hope it helps, > Amar Jain. > ----- Original Message ----- > From: "jignesh thakur" <[email protected]> > To: "accessindia" <[email protected]> > Sent: Thursday, September 17, 2009 11:57 PM > Subject: [AI] information needed for demate > > > Hi all, > I want to open demate account for online trading. So please advice me > which demate is good for us? And please share your experience. > Thanks in advance. > > > > To unsubscribe send a message to [email protected] with > the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > > > > To unsubscribe send a message to [email protected] with > the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in
