CitiBank Demat Account Opening Procedure

Name of the Organisation : CitiBank India (online.citibank.co.in)
Type of Facility : Demat Account Opening Procedure
Location : Chennai

Website : http://www.online.citibank.co.in/

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Citibank Demat Account :
Store shares in electronic form :
Citibank Demat Account is an efficient way of guarding your shares and other eligible securities, by holding them in an electronic, Dematerialised form.

Top reasons for getting the Citibank Demat Account :
** Transact shares from your desktop
** No more dealing with physical shares
** No need to pay stamp duty

Invest Now : http://www.online.citibank.co.in/pro…at-account.htm

Features :
Integrated with your Citibank Account :
The Demat Account is integrated with your Citibank account. This helps in receiving automatic credit of dividend to your Bank account. Also, use the Bank account IPIN (for Citibank Online Internet Banking) and TPIN (for CitiPhone Banking) for accessing your Demat Account.

24-hours access to the account on all days :
View the Demat Account details at any time on Citibank Online. Get complete details of the account holders, nominee details and the holdings along with the value at a portfolio level as well as at an individual stock level. Also get transaction details for a specific stock or for all transactions in the account for the selected period.

Online Demat Transactions :
The Citibank Demat Account also allows you to transact online – using Citibank Online. Transfer the shares to any broker or any other beneficiary Demat Account of your choice*. Check the status of your transactions online and cancel the instructions (if they are still pending execution). There are no additional costs for such transactions.

For additional security, you can also create a beneficiary list of brokers and/or Demat Accounts. Transfer of shares will be permitted only to these accounts if the same is initiated through Citibank Online.

*Currently available only for accounts within NSDL (National Securities Depository Limited).

Alerts :
Get instant alerts on your mobile phone or on E-mail for Demat transactions initiated through Citibank Online.

Providing Liquidity :
Need immediate funds- Don’t want to sell your investments- Avail an overdraft against select approved securities in your Demat Account. You get a special rate of interest if your Demat Account is with Citibank.

Share Gateway for Online Trading :
Use the Share Gateway online connectivity with Citi Wealth Advisors and block/transfer shares. Go ahead and sell these shares using their online trading facility.

The following documents will be required :
** Account opening form completely filled and signed by all the holders.
** Introduction of all the joint holders (Photocopy of the Passport/Voters ID Card/Driving License/PAN Card).
** Address proof for all the joint holders. This could be any of the introduction documents (as above) if the address is the same as required for the account. Alternatively, a Copy of the Telephone Bill/Electricity Bill/Income Tax Returns/Bank Statement can also serve as address proof.
** Income Tax Permanent Account Number (PAN) is mandatory. It needs to be mentioned on the form. If you do not have a PAN, please fill and submit Form 60.
** Signature Card with specimen signatures of all the holders.
** 1 Photograph of all the joint holders with Signatures across the Photo.
** 1 Photograph and Signature of the nominee (if you are opting for the nomination facility).
** Form cum POA for giving transfer instructions using Citibank Online.

For More Details, Click Here : http://www.online.citibank.co.in/pro…at-account.htm