Nirmal BangProduct & Services

We offer a diverse range of financial services which includes institutional and retail brokerage of equity, derivatives, commodities, currency, online trading, depository services, distribution of IPOs , mutual funds, fixed deposits & bonds, dedicated desk for NRIs and institutional clients, insurance broking(both life & general), clearing services, margin financing, investment banking, portfolio management, wealth advisory & research.

Depository Services

  • Overview
  • Benefits
  • FAQ's

We at investment ideal offer depository service which is registered as a depository participant with NSDL& CDSL . Enjoy the dual benefits of trading and depository services under one roof and experience efficient, risk-free and prompt depository service.

Our customer-centric account schemes have been designed keeping in mind the investment psychology of consumers. With a competent team of skilled professionals, we manage over 250000 accounts and have a dedicated customer care centre exclusively trained to handle customer queries.

Our depository services offer you a secure, convenient, paperless and cost effective way to keep track of your investments in shares and other instruments over a period of time, without the hassle of handling physical documents. Your DP account with us takes care of your depository needs such as dematerialization, conversion of mutual fund units, mutual fund redemption, re-materialization, transfer and pledging of shares, stock lending and borrowing

When it comes to unmatched services , Nirmal Bang is the way to go

As an investor you will enjoy numerous benefits, if you do trading of shares in the depository mode. Below are some of the advantages & benefits you will enjoy especially with Nirmal Bang :

  • Economical and competitive DEMAT charges with attractive schemes like lifetime free AMC (Annual account maintenance charges).
  • Everything is in electronic form which reduces paper work and saves time.
  • Fast settlement cycles. You can purchase, hold and sell shares in electronic form.
  • Increase in liquidity of your securities because of faster transfer and registration of securities in your account.
  • Instant disbursement of non-cash benefits such as bonus, right-issues, etc.
  • No risk of loss, mutilation or theft of share certificate.
  • Regular account status updates.
What is Depository ?

A depository is an organization where the securities of an investor are held in electronic form. A depository can be compared to a bank. To avail of the services of a depository, an investor has to open an account with the Depository through a depository participant, just as he opens an account with the bank. Holding shares in the account is akin to holding money in the bank.

Why should I prefer to buy shares in the depository mode? Why should I have a demat account?

As an investor you will enjoy many benefits if you buy and sell shares in the depository mode. The following are some of the benefits you will enjoy: No bad deliveries. No risk of loss, mutilation or theft of share certificates No stamp duty for transfer of shares. Reduced paper work. Fast settlement cycles. Low interest rates on loans granted against pledge of dematerialized securities by banks. Low margin on securities pledged with banks. Increase in liquidity of your securities because of faster transfer and registration of securities in your account. Instant disbursement of non-cash benefits like bonus and rights into your account. Regular account status updates available from MODES at any point of time.

At present, India has only two depositories: National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL). NSDL is the first depository to have started in India, whereas CDSL followed them. However, most of the services offered by both these depositories are similar. Today almost all the companies listed in dematerialized form with NSDL are available with CDSL.

Who is a Depository Participant?

A Depository Participant(DP) is an agent appointed by the Depository and is authorized to offer depository services to all investors. An investor cannot directly open a demat account with the depository. An investor has to open his account through a DP only. The DP in turn opens the account with the Depository. The DP in turn takes up the responsibility of maintaining the account and updating them as per the instructions given by the investor from time to time. The DP generates and provides the holdings statement from time to time as required by the investor. Thus, the DP is basically the interface between the investor and the Depository. Example: BVC Modes is a DP of both Depositories (NSDL as well as CDSL). For the purpose of Internet Trading, you will have to open a demat account with BVC, who is authorized to offer you this service. We will be opening your demat account with CDSL. The balances in your account are maintained with the depository and are available to you through us. You can find the status of your holdings or transactions from time to time.

Who is a Beneficiary Owner(BO)?

The person who holds a demat account is a beneficiary owner. In case of a joint account, the account holders will be beneficiary holders of that joint account.

What is a BO Id?

The demat account number of the beneficiary holder(s) is known as the BO Id.

What is a DP Id?

A DP Id is the number of the depository participant allotted by the depository.

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