Back
Depository Services
Manappuram Finance is a Depository Participant (DP) of Central Depository Services (India) Limited.
We provide a single affordable and convenient demat account for holding all financial instruments. Physical security instruments can be converted into electronic (dematerialized) form enabling transactions to be processed by book entry. The investor who is known as a Beneficial Owner (BO ⃰) has to open a demat account for dematerialization of holdings or transfer of securities.
The depository system effectively eliminates paper based securities which could be forged, counterfeited or mutilated resulting in bad deliveries. Our objective is to offer you a hassle free dependable, economic and instantaneous transfer of securities.
Transfer of physical securities are banned by Regulator SEBI. IPO participation now possible only through Demat accounts.
Demat accounts offer the following benefits
- No TDS for listed demat NCD.
- Reduces transaction cost. No Stamp Duty.
- Effects immediate transfer of Securities during trade.
- Owners’ address change will not affect Dividend, Interest, Redemption, Bonus, etc. in demat securities.
- Eliminates all risks associated with physical securities like loss, theft, mutilation, forgery etc.
- Securities that can be dematerialized include Shares, NCD, Mutual Fund Units, Government Securities, Certificate of Deposits, Commercial Papers, etc.
- Dematerialized securities could be converted to physical by rematerialization (Remat) if needed.
- For any DP related grievance, please contact : [email protected]
KYC Compliance for Demat Account Holders
All Demat account holders are requested to update the following six KYC attributes:
- Name
- PAN details
- Address
- Mobile Number
- Email Id
- Income Range
The last date for updating KYC attributes is 31st March, 2022.
Non-complied accounts will be blocked by the Depository.
SCORES
Pan Card Services
-
New Pan Card
-
Correction Of Data
-
Lost card retrieval
-
Changing B/W card to Color
For HO Support please contact:
0487 3050265
0487 305022
Please Contact
