Vijaya Bank, a Depository Participant (DP) with National Securities Depository Limited facilitates offers the following depository services

• Account Opening.

• Dematerialisation & Rematerialsation of securities.
• Electronic settlement of trades in stock exchanges connected to NSDL.
• Pledging/hypothecation of demat security holdings against bank loan.
  
• Electronic credit of securities allotted in public issues.
  
• Receipt of non-cash corporate benefits like bonus, rights in electronic form.
  
• Freezing of accounts whenever required so that debits from the account are not permitted.
  
• Nomination facility for demat accounts.
  
• Services related to change of address, bank account details etc.,
  
• Effecting transmission of securities.
  
• Other services like holding debt instruments in the demat account, availing stock lending/borrowing facility.

The salient features of the depository system and the procedures involved.

A depository can be compared to a Bank. A depository holds securities (like shares, debentures, bonds, units etc.,) of investors in electronic form. Besides holding the securities, depository also facilitates transactions in securities. A depository interacts with the market participants through Depository Participants. Investors intending to hold their securities in electronic form are required to open a demat account. An investor can open accounts with several DPs or he/she may open several accounts with a single DP. For conversion of physical holding into electronic form, the investor should surrender the physical certificates along with a request for dematerialisation form to his DP. Investors can convert their securities in electronic form into physical form if they so desire.

Benefits of holding securities in demat form:

• Elimination of bad deliveries
• Elimination of all risks associated with physical certificates.
  
• No stamp duty Immediate transfer and registration of securities.
  
• Faster settlement cycle. Buyer is secured.
  
• Faster disbursement of non-cash corporate benefits.
  
• Periodic status report
  
• Elimination of problem related to change of address, bank details, transmission etc.,
  
• Elimination of problem related to nomination. 
• Convenient consolidation of accounts, folios.
  

Demat account can be opened by submitting

• proof of identity
  
• proof of address along with the prescribed account opening form recently taken pass-port size photograph. 
• An agreement in the NSDL prescribed format executed by the investor/s.

• The process of converting the shares/securities held in physical form to an equivalent number of securities in electronic form and crediting to the investors account with his DP is called dematerialisation.
• Only those securities standing in the name of the demat account holder and which are in the list of securities admitted for dematerialisation at NSDL can be dematerialsed.

• Non–cash benefits like bonus, rights are distributed through the depository by crediting the entitled quantity of shares into share holder’s account.
• Cash benefits are dealt by the company or its R & T agents and are remitted to investors or credit his/her Bank Account directly.

• Every account holder will be given a transaction statement periodically detailing the current holding in each security and the transactions that are put through the depository account during the given period.
• Dematerialised securities can be pledged to a Bank/lender.
• For further details you may contact us or any of the following branches of our Bank.

Schedule of Service Charges

For the services offered the following are the rates:

Nil balance will be treated as one entry for computing custody charges
No pledge creation charges if pledge is created in favour of Vijaya Bank
Value of securities are computed as per NSDL
The rates are subject to change by giving 30 days notice by ordinary post
Clients not having operative account with the Bank/Branch should deposit an advance amount of Rs.1500.00 towards charges and maintain the same at all times.
Postage/Courier charges to be paid in addition to the above wherever applicable