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DEMAT SERVICES
 

The Lakshmi Vilas Bank is offering Depository services for the benefit of its customers. Through this facility, our customers can hold their securities in electronic form with National Securities Depository Ltd (NSDL).Thus the customers of the bank can now open Demat accounts with us through our designated branches.

A Demat Account is an account which holds the Beneficial Owner's (BO's) securities in electronic form. There are many advantages in opening a Demat account and keeping the securities in dematerialized form.

Major advantages are

Ø   It is a safe and convenient way to hold securities compared to holding securities in physical form. 

Ø  It eliminates damage, loss, theft and misusage of physical certificate

Ø  No stamp duty is levied on transfer of securities held in Demat form.

Ø  Change of address, registration of Power of Attorney etc can be effected across companies by one single instruction to DP.

Ø  Shares can be traded and transferred even in single number which was not possible earlier

Customer’s can walk in to the branches for the following type of services:
 

·         DEMAT and Trading Account Opening.

·         Transfer of Shares(Market & Off Market)

·         Dematerialization (DEMAT) of shares ( Physical to electronic form)

·         Account/ISIN/Quantity level freeze and unfreeze of Accounts

·         Change of address and change of bank details

·         Nomination related queries-Change of nomination/deletion of nomination

·         Creation of pledge/Hypothecation, Closure of Pledge/Hypothecation

·         Rematerialization of shares in their account. (Electronic form to Physical form)

·         Transmission of Shares/Transposition of shares

·         Securities Lending and borrowings

·         Closure of DEMAT Accounts.

·         General enquires on statement of holdings of their DEMAT account/bills etc.

·         Other related queries on DEMAT

For all your information and queries, please contact our nearest Branch or write to dpcell@lvbank.in
Help Line No (Toll Free)
    1800 - 425 - 2233
NetBanking LVB i Net  

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