निक्षेपागार सेवाएँ

निक्षेपागार सेवाएँ

Majority of security related transactions in the Indian Capital market has been shifted to the De-materialised form. Therefore, it has become all the more necessary for Investors to maintain Depository accounts. To facilitate our clients including NRIs and investors in general, Corporation Bank has started depository services by opening a Specialised branch in association with National Securities Depositors Ltd. at Mumbai – 45, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai – 400 021 (Telephone Nos: 022 2288 1817 and 2288 5299, Fax No.2288 5298).

The physical security certificates are converted into electronic form that is called as "De-materialised form" ( Demat). The depository service is a facility for holding securities (tradeable in Stock Exchanges) in electronic form and transactions are processed by book entry. Under the arrangement, the depository acts as registered owner of the securities in electronic form in the books of issuing company and the client is the beneficial owner.

The Depository Participant through whom the Demat accounts are operated acts as an agent of the Depository. The National Securities Depository Ltd. (NSDL) and Central Securities Depository Ltd. are the two recognised depositories in India. Corporation Bank has started the depository services in association with NSDL who is the major player in the market.

The Depository and the Depository Participants are bound by regulations framed under the following:

  • Securities & Exchange Board of India Act 1992
  • The Depositories Act, 1996
  • Securities & Exchange Board of India (Depositories & Participant) Regulations 1996
  • Depository (NSDL) Bye-Laws
  • Business Rules framed by the Depository (NSDL)


The Depository through the Depository participants is offering the following services to their clients:

  • vOpening of Account
  • De-materialisation
  • Re-materialisation
  • Settlement of transactions
  • Pledge and Hypothecation
  • Stock lending and borrowing.


  • Immediate transfer of securities;
  • No stamp duty on transfer of securities;
  • Elimination of risks associated with loss, forged transfer, bad delivery, fake certificates etc;
  • Reduction in paperwork involved in transfer of securities;
  • Reduction in transaction cost;
  • Nomination facilities;
  • Easy and fast recording of change of address and avoids multiple correspondence;
  • Easy and cost effective transmission of securities;
  • Convenient method of consolidation of folios and accounts;
  • Need to maintain one account for equity and debt instruments;
  • Easy follow-up and verification with pass book.

Types of Accounts:

The following types of Accounts may be opened:

  • Individual in sole name
  • Individuals in joint names
  • Companies
  • Trusts


Some of the important features of Depository accounts are as follows:

  • More than one depository account can be opened in the same name or joint name
  • Maintenance of minimum balance is not required
  • One time standing instructions for receiving credits to the account/s
  • \

Procedure to open DP account:

  • Fill and sign the prescribed account opening form
  • NRIs should furnish attested copy/original Power of Attorney for operation of account;
  • Submit proper introduction and documents as proof of address;
  • Execution of required agreement

On opening the depository account, account holder will be provided with the following

  • Account No.- a unique combination of account no. with DP identification (I D);
  • Pre-printed instruction slips for depository service viz: dematerialisation, delivery instructions for trades etc., re-materialisation;
  • Provided with list of deadlines for giving instructions for various depository activities i.e. transfer for affecting sale, purchase etc.