#201
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Demat account is used to held shares and securities electronically . This account opened by the investor while registering with an investment broker . Punjab National Bank (PNB) is a nationalized bank offers facility to open Demat account . Documents required with application form to open Demat Account: Photograph of holders Photograph of nominee Pan-card Witness-two person Details of bank account Proof of Identity: Passport Voter ID Card Driving License PAN Card with photograph Unique Identification Number (UID/Aadhaar Card) Identity card/document with applicant’s photo issued by Central/State Government Proof of Address: Passport Voter ID card Aadhaar Letter issued by Unique Identification Authority of India Driving License Bank passbook/Bank statement (Not more than 3 months old- as on date of receipt of documents) Unique identification Number (UID/Aadhaar card) Utility bill Features of PNB demat account : Dematerialization Rematerialization Settlement of trades Settlement of off-market trades Electronic credit in respect of securities allotted under IPO Receiving non-cash corporate benefits, such as, allotment of bonus and rights shares, stock split, etc. Pledging/Un-pledging of securities Providing periodical statement of transactions Here is the attachment.
__________________ Answered By StudyChaCha Member |
#203
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Punjab National Bank was founded in 19 May 1895, it is an Indian financial services company and it is one of the Big Four banks of India, along with State Bank of India, ICICI Bank and Bank of Baroda. Punjab National Bank offer Service for Opening of Demat account….. For it firstly you will have to Login… For Login, you will have to register, here I am giving you process for register….. Firstly go to the official website of Punjab National Bank which looks like this image: ![]() Now on this page you will see “Depository Services” option click on that option a new page will open which look like this image: ![]() Now on this page you will get “FOR OPENING DEMAT & ONLINE TRADING NEW USER SIGNUP HERE” section….. Now in this section, you have to fill require details…… Charges for Demat account opening You need not pay anything for opening the account except the stamp charges. For account maintenance, PNB charges you Rs 250 per annum and Rs 115 per annum if you are an employee of the bank. Account maintenance charges for institutions are Rs 350 per annum. For dematerilization, you pay Rs 2.25 per certificate including postage. The minimum charge for this is Rs 25. For creation of pledge you will pay Rs 60 per instruction. In case you want to modify the account, you will pay Rs 50 per request. PNB does not charge anything for closing a pledge.
__________________ Answered By StudyChaCha Member |