NKGS Cooperative Bank
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Home - Services - Ancillary Business

Ancillary Business
 
Bank offers various Value Added Services,
Demat Stamp Franking
Desk Drawing Safe Deposit Locker
Life Insurance / Non-Life Insurance Forex
I-Connect
 
Demat

Our Bank has always been in the forefront to add on value to its products, to offer best of the services to customers with convenience. The bank has tied up with NSDL as a Depository Participant (DP) offering Demat services at all branches

Features & Benefits
Securities in electronic form

With a Demat account enjoy safe, secure and convenient buying, selling and transacting securities with less paperwork and delays in converting securities to electronic format

Dematerialisation of shares

Securities registered in your name are surrendered to (DP) and sent to the respective company, which "Dematerialise" it and credit security to the depository account

Re-materialisation of shares

Convert the securities back into physical form

Faster, risk free and low cost settlement

Depository functions like a securities bank, where the dematerialized securities are traded and held in custody, facilitating faster, risk free and low cost settlement

Elimination of possible mutilation & misplacement, postal delay and counterfeit shares

Low brokerage charges

Quick ownership of securities on settlement resulting increase in liquidity

Avoids confusion in the ownership of title of securities

Pledge and Hypothecation

Easy pledge /hypothecation of shares

Quick receipt of public issue allotment

 

Our depository services will conveniently take care of all demat hassles

Speedy opening of your demat accounts
Internet viewing of details of holdings and transactions through Ideas
Confirmation of transaction through SMS
On line validation of physical securities
Shorter settlements thereby enhancing liquidity
No stamp duty on transfer of securities held in demats form.
No concept of market Lots.

Change of name, address, dividend mandate, registration of power of attorney, transmission etc. effected across by a single instruction

Settlement of Securities traded on the exchange & off -market transactions
Pledge and Hypothecation of Dematerialised Securities
Electronic credit in case of public issue
Receipt of non-cash benefits in electronic form

* Conditions Apply

 
         
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