Account Opening process link

Yes, a trading and demat account can be opened with PSL even if there are accounts with other brokers with the same PAN that may or may not be active. The PAN enables Indian regulatory authorities to identify the investments linked to their owners, irrespective of the number of demat accounts they own.

Providing bank account details at the time of demat account opening is mandatory. These bank details are communicated to issuer companies / RTAs for the purpose of crediting any amount payable to you (such as dividend, interest or maturity payment or redemption amount) directly in your bank account. It is therefore suggested that you provide details of your active bank account in the account opening form. Later, in case of change therein, please remember to inform to your DP.

In order to dematerialize certificates, you need to open a demat account. Once the demat account has been opened, you need to fill up a 'Dematerialization Request Form' in prescribed form and submit it to your DP along with the security certificates. Your DP will forward the demat request to the concerned issuer company or its Registrar and Transfer Agent for further processing. Once the request is confirmed by the concerned issuer company or its Registrar and Transfer Agent, it results in credit of electronic securities in the demat account of the respective investor.

Nomination is not mandatory for demat account. However, it is very much recommended to have nominee mentioned in the demat account. In the unfortunate case of death of sole account holder, it makes the process of transmission very easy and fast. In case you do not wish to mention any nominee at the time of account opening, you are required to state that ''I/We do not wish to make a nomination'' and submit a declaration in prescribed format as per sebi guidelines.

Delivery Instruction Slips are similar to your bank account cheque book. You should take care of following points in respect of DIS -

• Ensure that you receive DIS book from your DP. Do not accept loose slips (unless required so in urgent situations).
• Ensure that each DIS is pre-printed and serially numbered.
• Ensure that your Client ID is pre-stamped or pre-printed on each DIS.
• Do not leave your DIS with anyone else. Fill it and hand it over to your DP when you need to do so.
• Keep your DIS book safely. In case you happen to lose or misplace any slip or booklet, please inform your DP immediately in writing.
• If DIS has place (lines) to mention more than one instruction and you are not using all of them, then please remember to strike out the unused lines / space before handing it over to your DP to prevent misuse by any.
• Please ensure that the instruction slip is duly filled in with all required details and signed by all the joint holders before handing it over to your DP.

1. Date of payment.
2. Mode of payment (cash, cheque or electronic payment).
3. In case mode of payment is cheque or electronic payment, transferee's name, bank account number, bank name, transaction reference number for electronic payments or cheque number for cheque payments are required.

1. All debit transfers
2. Credits for IPO, sub-division and bonus
3. Failed instructions
4. Overdue instructions
5. Change of mobile number
6. Change of address
7. Debit of mutual fund units
8. Registration and de-registration of Power of Attorney
9. Modification, cancellation / deletion of nominee name
10. Pledge initiation, confirmation and invocation (to pledgor)
11. Blocking of and debit of shares in respect of tender offer instruction.
12. For change of address, registration and de-registration of DDPI in depository system, SMS alerts are sent to registered mobile phone irrespective of whether account holder has opted for this facility or not.