Maintaining a practice of conducting a minimum of three digital transactions each year for debit card renewal is important as it helps bolster security measures. By establishing regular transaction patterns, this approach aids in quickly identifying and preventing potential unauthorized activities on the card, contributing to a more secure banking experience.
Learn More What should be done in case during the cash withdrawal process, cash is not disbursed but the account debited for the amount?The customer may lodge a complaint online, click here to raise dispute online or can visit the card issuing branch.
Learn More How many days maximum would the bank requires to re-credit the account for such wrong debits?As per the RBI instructions, banks may re-credit such wrongly debited amounts within a maximum period of -7- working days, from the date of customer complain.
Learn More Is there any minimum and maximum cash withdrawal limit per day?Rupay Classic Card Daily Withdrawal limit of Rs. 50,000 (Kalupur Bank ATM’s) Daily Point of Sale (PoS) limit of Rs. 1,00,000/- Rupay Platinum Card Daily Withdrawal limit of Rs. 1,00,000 (Kalupur Bank ATM’s) Daily Point of Sale (PoS) limit of Rs. 1,25,000/-
Learn More What should one do if the card is stucked in by the ATM?The customer may contact the card issuing branch and apply for retrieval / issuance of a new card. This procedure is applicable even if the card is stucked in at bank’s ATM.
Learn More What is a Personal Identification Number (PIN)?PIN is the numeric password for use at the ATM. The PIN is separately mailed / handed over to the customer by the Bank while issuing the card. This PIN has to be reset to a new PIN by the customer. It is desirable to change the PIN on the first use. The PIN number …
Learn More Documents Requirement for PAN Services :-Category Documents required Individual For proof of identity: Copy of school leaving certificate or matriculation certificate or degree of a recognized educational institution or depository account or credit card bank account or water bill or ration card or property tax assessment order or passport or voter identity card or driving license or certificate of identity …
Learn More How can one transact at an ATM?For transacting at an ATM, the customer insert (swipe) their card in the ATM and enter their Personal Identification Number (PIN).
Learn More PAN Service @ The Kalupur Commercial Co-Operative Bank Ltd.Our Bank is authorized to service the PAN applications by UTI Infrastructure Technology Services Ltd. (UTIITSL). You can get your PAN card by simply filling up the application form and lodging the same at our 14 designated branches mentioned hereunder along with the documents prescribed.
Learn More How will my PAN card be delivered to me?UTIITSL will ensure delivery of your PAN card by mail at the address indicated by you in form 49A. Who can I contact for inquiries regarding PAN applications submitted after July 1, 2003? All such inquiries should be addressed to: The Vice President IT PAN Processing Centre, UTI Infrastructure Technology And Services Ltd Plot No. …
Learn More I have applied for a PAN and received my PAN number but have not received the actual PAN Card?Apply afresh in Form 49A at any IT PAN Service Center quoting the PAN allotted to you.
Learn More I have applied for PAN but have not received any communication from the Income Tax Department?In case you applied prior to notification of new form 49A on 29.5.2003 but have not received the PAN, you will have to apply afresh in new Form 49A at any IT PAN Service Center
Learn More The Income Tax Department has issued me a PAN card; can I obtain a new tamper proof PAN card?In order to obtain the new tamper proof PAN card you must submit a new application on form 49A at your local IT PAN Service Center. You need to indicate your existing PAN on the form and surrender your old PAN card. The cost for this is Rs. 103/-.
Learn More Are PAN cards issued prior to July 1, 2003 still valid?Yes, all PAN cards issued by the Department will remain valid. All persons who have been issued a PAN need not apply again.
Learn More Can a person obtain or use more than one PAN?No, obtaining or possessing more than one PAN is against the law.
Learn More Do you need to apply for a new PAN when you move from one city to another?A Permanent Account Number (PAN), as the name suggests, is a permanent number and does not change; however, you must notify your nearest IT PAN Service Center of an address change to ensure they have your most current information.
Learn More How much does it cost to apply for a PAN card at an IT PAN Service Center?UTIITSL has been authorized to collect a service charge of Rs. 110/- (for Indian Resident) and Rs. 1020/- (for NRI) per PAN application; which includes the cost of the new tamper proof PAN card. This amount must be paid in cash, or by a demand draft, at any IT PAN Service Center. This entitles you …
Learn More What if I submit an incomplete Form 49A?Your application will not be processed if it is incomplete. Your local IT PAN Service Center can assist applicants with any queries they may have.
Learn More Can Form 49A be completed on a typewriter?Yes, but the letters should be typed in CAPITAL letters and should be clearly legible.
Learn More Is it compulsory to mention a telephone number on Form 49A?No, indicating your telephone number is not compulsory; however, it may enable faster processing of your application.
Learn More Who can apply on behalf of a non-resident, a minor, or an individual deemed mentally debilitated?Section 160 of IT Act, 1961 provides that a non-resident, a minor, or an individual deemed mentally debilitated may be represented by a Representative Assessor. In such cases, an application for a PAN will be made by the Representative Assessor.
Learn More Is listing my father’s name compulsory for all female applicants (including married/divorced/widow)?Yes, all female applicants, irrespective of marital status, must indicate their father’s name on the PAN application.
Learn More Is a photograph compulsory for making an application for PAN?A photograph is compulsory only in the case of individual applicants. What is the procedure for applicants who cannot sign? In such cases, the left hand thumb impression of the applicant should be affixed on Form 49A at the place meant for signatures and it must be attested by either a Magistrate, a Notary Public …
Learn More How do I to find an Assessing Officer code?The Assessing Officer code may be obtained from the Income Tax Office where you submit your return of income. Applicants who have never filed a return of income may find an Assessing Officer code with the help of an IT PAN Service Center or jurisdictional Income Tax Office. In either scenario, the PAN application must …
Learn More What will be considered as a valid proof of address?Any one of the following items: a copy of an electricity bill, telephone bill, depository account, credit card, bank account, ration card, employer certificate, passport, voter identity card, property tax assessment order, drivers license, rent receipt, a certificate of address signed by an MP, an MLA, a Municipal Councilor or a Gazetted Officer; In case …
Learn More Which documents can serve as proof of identity in the case of individual applicants, including minors and HUF applicants?Any one of the following items: a copy of a school leaving certificate; matriculation certificate; degree of a recognized educational institution; depository account; credit card; bank account; water bill; ration card; property tax assessment order; passport; voter identity card; drivers license; a certificate of identity signed by an MP, an MLA, a Municipal Councilor or …
Learn More What documents and information must accompany the application for Form 49A?Individual applicants will have to attach a recent, colour, photograph (Stamp Size: 3.5 cms x 2.5 cms); any document listed in Rule 114 must be supplied as proof of identity and address; and the designation and code of the applicable Assessing Officer of the Income Tax department must be noted on the Form 49A.
Learn More Can an application for PAN be made using the old Form 49A?No, an application for a PAN can be made only on the new Form 49A revised by the Central Board of Direct Taxes on May 29, 2003.
Learn More What form is required to apply for a PAN? Can an application for PAN be made on plain paper?PAN applications can be made only on the new Form 49A which can be obtained from any IT PAN Service Center or you can also download the Form 49A from our website: http://www.utiitsl.com
Learn More What services are provided by IT PAN Service Centers?IT PAN Service Centers supply new PAN application forms (Form 49A), assist the applicant in filling out the form, collect the filled form and issue an acknowledgement slip. After obtaining a PAN from the Income Tax department, UTIITSL will print the PAN card and deliver it to the applicant.
Learn More How do I find an IT PAN Service Center?The location of an IT PAN Service Center in any city may be obtained from the local Income Tax Office, any office of UTI/UTIITSL or from the Income Tax department website ( www.incometaxindia.gov.in).
Learn More Where do I apply for a PAN?In order to improve PAN related services, the Income Tax department has authorized UTI Infrastructure Technology Services Ltd (UTIITSL) to set up and manage IT PAN Service Centers in all cities or towns where there is an Income Tax office. For convenience of PAN applicants in big cities, UTIITSL has set up more than one …
Learn More Who are those persons who are not required to obtain or quote Permanent Account Number?The following categories of persons are not required to obtain or quote PAN: Persons having only agricultural income and do not have any taxable income. Such persons will file a declaration (Form 61) in respect of transactions where quoting of PAN is mandatory; Non-residents; Central Government, State Governments and Consular Offices in transactions in which …
Learn More Who must have a PAN?All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN. Any person, who intends to enter into economic or financial transactions where quoting PAN is mandatory, must also obtain PAN. The Assessing Officer may allot PAN to any person either …
Learn More Is it compulsory to quote PAN on return of income?Yes, it is compulsory to quote PAN on return of income.
Learn More What is PAN?Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by an Assessing Officer of the Income Tax Department. A typical PAN is AFRPP1595D What is the purpose of having a Permanent Account Number (PAN)? It is mandatory to quote PAN on return of income, all correspondence with …
Learn More How would one know the IFSC code of the receiving branch?The beneficiary customer can obtain the IFSC code from his bank branch. The IFSC code is also available on the cheque leaf. The IFSC code is also available on the RBI website (https://rbi.org.in/scripts/BS_ViewRTGS.aspx). This code number and bank branch details can be communicated by the beneficiary to the remitting customer.
Learn More What is the essential information that the remitting customer would have to furnish to a bank for the remittance to be affected ?The remitting customer has to furnish the following information to a bank for effecting a RTGS remittance: Amount to be remitted Remitting customer’s account number which is to be debited Name of the beneficiary bank Name of the beneficiary customer CBS account number of the beneficiary customer * The IFSC Number of the receiving branch …
Learn More What about Processing Charges / Service Charges for RTGS-NEFT transactions?RTGS Charges : Rs. 2 to 5 Lacs : Rs.25/- + GST Rs. 5 Lacs & above : Rs.50/- + GST NEFT Charges : Up to Rs. 10,000 : Rs.2.5/- + GST Rs. 10,001 to 1 Lacs : Rs. 5/- + GST Rs. 1 Lacs to 2 Lacs : Rs.15/- + GST Above Rs. 2 …
Learn More Till what time RTGS-NEFT service window is available?Cut off Time : RTGS : 10:00 AM to 5:30 PM NEFT : 10:00 AM to 5:30 PM Online service available 24*7*365 Mobile Banking Internet Banking Settlement Time : RTGS : immediate settled NEFT : In batches of 30 minutes
Learn More Would the remitting customer get back the money if it is not credited to the beneficiary’s account? When?Yes. It is expected that the receiving bank will credit the account of the beneficiary instantly. If the money cannot be credited for any reason, the receiving bank would have to return the money to the remitting bank immediately. Once the money is received back by the remitting bank, the original debit entry in the …
Learn More What is the time taken for effecting funds transfer from one account to another under RTGS?Under normal circumstances the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank has to credit the beneficiary’s account within 30 minutes of receiving the funds transfer message.
Learn More Is there any minimum / maximum amount stipulation for RTGS transactions?The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs. 2 lakh. There is no upper ceiling for RTGS transactions.
Learn More How RTGS is different from National Electronics Funds Transfer System (NEFT)?NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. In DNS, the settlement takes place with all transactions received till the particular cut-off time. For example, currently, NEFT operates in hourly batches – there are eleven settlements from 8 am to 7 pm …
Learn More What is RTGS System?The acronym ‘RTGS’ stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting).’Real Time’ means the processing of instructions at the time they are received rather than at some later time.’Gross Settlement’ means the settlement of funds transfer …
Learn More Which type of SMS alerts to be sent to customers by Bank ?The Kalupur Commercial Co-Operative bank sends SMS alert to Customers for Financial and Non Financial Transactions as follows : Financial Transactions : Transfer Debit / Credit Cash Credit / Debit Clearing Credit / Debit RTGS – NEFT Debit / Credit Fund Transfer through Mobile Banking , E-banking ECS / NACH / NECS ATM Withdrawal / …
Learn More How many applications can be made from a bank account?SCSBs have to ensure that not more than Five (5) applications can be made from a bank account per issue.
Learn More How can the Registrar reconcile the data on ASBA Bids in case of public issues since the Registrar does not get the application in case of ASBA?Registrar will do the reconciliation based on data received from Stock Exchanges and the aggregate data received from SCSBs after closure of the issue regarding total number ofbids uploaded, the total number of shares applied for in such uploaded bids and total amount blocked for such uploaded bids.
Learn More Does SCSB have the discretion to select issues where it will provide service of ASBA?No. Once a bank is included in the list of SCSBs maintained by SEBI, it shall act as SCSB for all issues to come where ASBA is applicable.
Learn More What is the role and responsibility of the Controlling Branch (CB) of SCSB?CB is expected to act as a central point of co‐ordination for various intermediaries with SCSB i.e. Stock Exchanges, Registrar and Merchant Bankers.
Learn More What is expected to be done by the SCSB, in case the investor withdraws his ASBA bid during the bidding period or after the bid closure in case of public issues?ASBA investor interested in withdrawing his/her application during the bidding process will approach the SCSB and request for deletion of the bids. SCSB will do the necessary to delete the bids from electronic bidding system and unblock the bank account. However, once the bidding period is over, ASBA investor will write to the Registrar giving …
Learn More What records a SCSB is required to keep in regard to ASBA facility?Electronic record of ASBA uploaded, account/amount blocked and unblocked. ASBA physical forms may be retained for a period of 6 months with SCSB for redressing complaints if any, of ASBA investor and thereafter the same may be sent to the issuer.
Learn More Will the investor get a confirmation from the Stock Exchanges on upload of bids in case of public issues?Yes, Stock Exchange electronic bidding system will provide for generation of order number which can confirm the uploading of bids. These order number as well as application number, will help SCSB as well as the investors in tracking their application. However, in the case of Rights issues, for the time being, the application data is …
Learn More Is it mandatory that only Designated Branch (DB) which accepts the ASBA has to upload the bids in the Electronic Bidding System?No, it is not mandatory. Depending upon the internal comfort and system of each bank, it is possible for DBs to collect applications, block the amount and then transfer to Controlling Branch (CB) for centralized uploading or DBs to only collect applications and upload directly. It may please be noted that as far as investors …
Learn More What data/details a SCSB is required to send to the Stock exchanges and Registrar?SCSB is required to upload details like Application number, DP ID, Client ID, Bid Quantity, PAN from ASBA form. In case of an Electronic ASBA, the ASBA investor himself/herself shall fill in all the above mentioned details in the online application system of the bank, except the application number which shall be system generated. The …
Learn More How does a SCSB get the file formats for uploading of bids?In case of public/rights issues, SCSB may approach the Stock Exchange offering electronic bidding system. They will inform SCSB about the file formats. It may be noted that only after the mock trial run done with Stock Exchanges and Registrar; the bank will be in position to submit a certification to SEBI as mentioned in …
Learn More Can SCSB transfer the blocked application money to a separate account instead of blocking the money in the same account?Yes, a SCSB can do it if it serves the purpose of blocking till allotment is finalized and interest, if any, is earned by investor till the amount is transferred to the issuer account.
Learn More Can SCSB outsource the task of collection of ASBA applications and uploading of the application details?SCSB is wholly responsible for any omission and commission done during the process and the bids which are uploaded in the electronic bidding system of Stock Exchanges has to be done through SCSB code.
Learn More Is SCSB required to validate/verify details given in ASBA?No, SCSB is not required to validate the details given in ASBA application. SCSB is however required to follow the normal diligence required in banking transactions.
Learn More What is a SCSB expected to do after receipt the ASBA?After receipt of ASBA, SCSB is expected to ensure (i) blocking of funds in the bank accounts mentioned in ASBA and (ii) uploading the details given in ASBA received physically or electronically, in the electronic bidding system of Stock Exchange(s).
Learn More If a SCSB intends to provide only electronic ASBA, is it possible?Yes, it is possible; however sufficient information to this effect should be made available to all the clients by the SCSB.
Learn More Can SCSB accept ASBA application electronically also?Yes, SCSBs can provide a facility of submitting ASBA through the internet banking facility to the investors electronically where the provision to block the account is provided.
Learn More Can a Cooperative Bank, become an SCSB?Any bank which is registered as bankers to an issue registered with SEBI in terms of SEBI (Bankers to an Issue) Regulations can become SCSB subject to satisfying other conditions specified by SEBI.
Learn More How a bank which has become a SCSB, get connectivity with electronic bidding system of Stock exchanges?The bank can contact the stock exchange offering electronic bidding system, which is presently being offered by Bombay Stock Exchange and National Stock Exchange to get connectivity and ensure that systems are in place to get the connectivity and secured transfer of data from banks to Stock Exchanges.
Learn More How can a bank become an SCSB?A bank which is registered with SEBI as a Banker to issue in terms of SEBI (Bankers to an Issue) Regulations can become SCSB subject to the following requirements: Submit a certification to SEBI confirming that it is capable of discharging the responsibilities of a SCSB. SEBI to include name of the bank in the …
Learn More I am a Bank and want to make a public issue through a book building. Can I act as a SCSB in the issue?Yes, you can act as a SCSB.
Learn More What is expected to be ensured by the issuer?Issuer shall, in consultation with Lead managers, ensure the following: Registrar to issue appointed by the issuer has capability to comply with the procedures laid down by SEBI for ASBA and shall treat ASBA and Non‐ASBA application at par. Sufficient number of physical ASBA application forms are printed and made available to all SCSBs. ASBA …
Learn More Does issuer has discretion to appoint SCSBs?Issuer is deemed to have entered into an agreement with SCSBs who have been recognized as such by SEBI. As such, issuer has no discretion in choosing SCSBs.
Learn More Is issuer required to provide ASBA facility for all issues?Yes, the issuer is required to provide ASBA mode in all public issues/rights issue where not more than one payment option is given to the investors. For example, if in any public / rights issue provides payment option as shown below shall not be allowed in ASBA facility. Amount Payable per equity Payment Method -I …
Learn More What if the SCSB is not the applicant’s banker?ASBA forms can be submitted only at the SCSBs. In case investor does not have an account with any of the SCSBs, then he cannot make use of the ASBA.
Learn More Is there a better chance of allotment if one applies in IPO through ASBA?The chance of getting allotment is same for all the applicants whether application is made through ASBA or non‐ASBA. ASBA is a simple, easy and smart way of applying in public issues. There are many advantages of applying through ASBA like money does not go out of investors’ account, no hassle of refund, investor keep …
Learn More In case a person is having bank account with a branch, for example, at Kolkata can he submit IPO application through ASBA at a branch of the bank in Guwahati.Yes, this can be done provided that your bank have core banking facility and the ASBA Form is submitted at a branch which is identified as designated branch by the bank.
Learn More What happens when the issue fails/is withdrawn?In case the issue fails/withdrawn the SCSB shall unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Learn More Will there be any different treatment in allotment for ASBA and Non –ASBA forms?No. ASBA forms will be treated similar to the non‐ASBA forms while finalizing the basis of allotment.
Learn More Will I get the acknowledgment of receipt for applications submitted through ASBA From the SCSB?Yes. The SCSB shall give a counterfoil as an acknowledgment at the time of submission of ASBA and also the order number, generated at the time of uploading the application details, if sought by the investors in case of need.
Learn More Are the bids submitted through ASBA and uploaded in the electronic bidding system of the stock exchange, in case of public issue through book building, reflect in the demand graphs displayed in the website of stock exchanges?Are the bids submitted through ASBA and uploaded in the electronic bidding system of the stock exchange, in case of public issue through book building, reflect in the demand graphs displayed in the website of stock exchanges?
Learn More Can I apply in an issue through ASBA facility and through “normal existing system of payment through cheque” in an issue?No. An investor can apply either through ASBA or through existing system of payment through cheque. If an applicant applies through both, ASBA as well as non‐ASBA then both the applications having the same PAN, will be treated as multiple application and hence will be rejected.
Learn More Can I submit my ASBA to a broker as is being done in the present issue process applying through cheque?You are required to submit ASBA to the SCSBs only.
Learn More Do I necessarily need to have a DP account with the SCSB where I intend to submit the ASBA application?No. Investors need not necessarily have their DP account with the SCSB, where they are submitting the ASBA form.
Learn More If I withdraw my bid made through ASBA, will the bank account be unblocked immediately?If the withdrawal is made during the bidding period, the SCSB deletes the bid and unblocks the application money in the bank account. If the withdrawal is made after the bid closure date, the SCSB will unblock the application money only after getting Appropriate instruction from the Registrar, which is after the finalization of basis …
Learn More 14. Whether my bank account will be blocked or only the amount to the extent of application money is blocked?No. the entire bank account will not be blocked. Only the amount to the extent of application money authorized in the ASBA will be blocked in the bank account. The balance money, if any, in the account can still be used for other purposes.
Learn More Can I withdraw my ASBA bids? If yes, how?Yes, you can withdraw ASBA bids. During the bidding period you can approach the same bank to which you had submitted the ASBA and request for withdrawal through a duly signed letter citing your application number, TRS number, if any. After the bid closure period, you may send your withdrawal request to the Registrars before …
Learn More Can I use the existing application form for public issues for applying through ASBA?Investor is requested to check the form carefully. In case of public issue, the application form for ASBA will be different from the existing application form for public issues. The application forms will be available with designated branches of SCSB. In case of rights issue, there will not be a separate form for ASBA. The …
Learn More Am I required to submit ASBA only physically?No, you can either fill up the physical ASBA form available with SCSB and submit the same to the SCSB or apply electronically/online through the internet banking facility (if provided by your SCSB).
Learn More How many applications can be made from a bank account?Five (5) applications can be made from a bank account per issue.
Learn More Can I submit ASBA in any of the banks specified in the list of SCSBs?No, ASBA can be submitted to the SCSB with which the investor is holding the bank account.
Learn More What is Self certified Syndicate Bank (SCSB)?SCSB is a bank which is recognized as a bank capable of providing ASBA services to its customers. Names of such banks would appear in the list available on the website of SEBI. [Also see answer to question (6)]
Learn More Where should I submit my Application Supported by Blocked Amount (ASBA)? How shall I know which bank and which branch of that bank is the designated branch for accepting ASBA applications?List of Self Certified Syndicate Banks (SCSBs) and their designed branches i.e. branches where ASBA application form can be submitted, is available on the websites of BSE ( www.bseindia.com ) and NSE ( www.nseindia.com ) and on the website of SEBI ( www.sebi.gov.in ). The list of SCSB would also be given in the ASBA …
Learn More Can I make application through ASBA facility in all issues?Yes, you can make application through ASBA facility in all the issues i.e. public and rights.
Learn More Is it mandatory for investors eligible for ASBA, to apply through ASBA only?No, it is not mandatory. An investor, who is eligible for ASBA, has the option of making application through ASBA or through the existing facility of applying with cheque.
Learn More What advantage an investor has in applying through ASBA vis‐à‐vis applying through an application with a cheque?Applying through ASBA facility has the following advantages: The investor need not pay the application money by cheque rather the investor submits ASBA which accompanies an authorization to block the bank account to the extent of the application money. The investor does not have to bother about refunds, as in ASBA only that much money …
Learn More Who can apply through ASBA facility?SEBI has been specifying the investors who can apply through ASBA. In public issues w.e.f. May 1, 2010 all the investors can apply through ASBA. In rights issues, all shareholders of the company as on record date are permitted to use ASBA for making applications provided he/she/it: Is holding shares in dematerialized form and has …
Learn More Detailed procedure of applying in IPO through ASBA.Under ASBA facility, investors can apply in any public/ rights issues by using their bank account. Investor submits the ASBA form (available at the designated branches of the banks acting as SCSB) after filling the details like name of the applicant, PAN number, Demat account number, bid quantity, bid price and other relevant details, to …
Learn More What is “ASBA”?ASBA means “Application Supported by Blocked Amount”. ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the …
Learn More ASBA (Application Supported by Blocked Amount):Our Bank is SEBI approved SCSB (Self Certified Syndicate Banker) and provide ‘ASBA’ facility to our account holders through our all This facility is made available to the holders of savings account, current account, FDOD accounts, Cash Credit. against shares and Cash Credit against Govt. Securities. Investors can apply in any public/ rights issues by …
Learn More Can I freeze my account?NSDL system provides the facility to freeze the depository accounts for any debits or for both, debits and credits. In an account which is “freeze for debits”, no debits will be permitted from the account, till the time it is unfreeze.
Learn More What precautions does NSDL take to protect the data in its depository system?The data carries a high importance in the NSDL depository system. NSDL has taken necessary steps to protect the transmission and storage of data. The data is protected from unauthorized access, manipulation and destruction. The following back up practices are adopted to protect the data: Local Back up Remote Back up Disaster Recovery Site In …
Learn More What will happen if my DP goes bankrupt or stops operation?In a rare event of your DP going bankrupt or closing the operations, the interests of the investors will be fully protected. In such a situation, the investors will be given an option of either transferring the securities to a new DP or they may rematerialise the securities.
Learn More What security do I have if the only proof of my holdings in the depository is merely a piece of paper indicating my account balance?No transaction can be effected in your account without your written authorization. Further, if you are away for a long time, you have the facility of freezing your account wherein only credits into your account will be allowed and no debit will be possible.
Learn More What happens if I lose my Transaction Statement?You should inform your DP and obtain a duplicate Transaction Statement.
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