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No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
Attention Investors :
Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers/Depository Participants. Receive information of your transactions directly from Exchange/NSDL/CDSL on your mobile/email at the end of the day. Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets
- once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Dear Client, Nomination is not mandatory for demat account. However, it is very much recommended to have nominee mentioned in the demat account. In the unfortunate case of death of sole account holder, it makes the process of transmission very easy and fast. If you do not wish to mention any nominee at the time of account opening, you are required to state that “I/We do not wish to make a nomination”.
As per guide lines issued by National Securities Depository Ltd. all the corporate account holders have to submit the copy of the Balance sheet and latest share holding pattern including list of all those holding control either directly or indirectly in the company every year in respect of their demat accounts for updating our records.