IDBI Bank : Bank Demat Account Opening Procedure
Name of the Organization : IDBI Bank Ltd (idbi.com)
Type of Facility : Bank Demat Account Opening Procedure
Location : Mumbai
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Website : http://www.idbi.com/index.asp
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IDBI Bank Demat Account :
Electronic Securities Banking :
Welcome to world-class banking at IDBI Bank.
Paper securities are passe. Enter the world of dematerialised shares, bonds and other securities. Convert your securities to dematerialised form with IDBI Bank Demat Account. It’s as simple as opening a Savings Account.
Why Demat with IDBI Bank :
** Lowest fees
** Statement by emails
** Demat access through Internet, cell and phone
** Portfolio valuation on the account statements
** Online execution of transactions at branches
** Special rates for stock market intermediaries and sub brokers
** Transactions update from back-office four times a day
Benefits of a Demat Account :
** With IDBI Bank ’s Demat Account you can enjoy host of benefits.
** Lower Account Maintenance Charges
** Free Quarterly holding & monthly transaction statements
** Internet, Phone & SMS Banking
** IDeAS and SPEED- e facility available to view and transfer your securities online
Demat Accounts for NRIs :
If you are a Non-Resident Indian (NRI) who has invested in shares, bonds, debentures of Indian companies or would like to do so now, open a Demat Account with us either under NRI Repatriable or NRI Non-Repatriable category. Through our Internet Banking, you can view your Demat Account balances and print statement of transactions and holdings from anywhere in the world. Click the links below for more details.
Additional documents for NRIs :
** A copy of RBI approval
** A duly attested copy of POA (Power of Attorney), if any
** If account is opened by a POA holder, the signature verification of POA holder and a covering letter from the NRI for assigning POA to done along with signature attestation and an undertaking that as and when POA is revoked, it will be informed to the Bank in advance
** A duly attested copy of POA or POA registration number given by the company must be given along with each DRF submitted by such NRI
** Overseas address is mandatory in the account opening form
** NRO Account can be opened simultaneously for the purpose of debiting the charges. A debit authorization should be submitted
Tariff Charges : http://www.idbi.com/idbi-bank-demat-account.asp
For further assistance, please feel free to talk to your Relationship Manager at the nearest branch or E-mail us at dematcomplaints@idbi.co.in
How much is my account balance?
While using SMS Banking service using SMS, a user has to give a request as a short message through a mobile phone. The short message should be in a particular format. The message has to be sent to 9820346920 or 9821043718. After the message is sent, within few seconds, the user will receive a response on his or her mobile phone as a short message.
1. Balance enquiry
BAL CUSTOMERID PIN [ACCOUNT NUMBER]
Example:
Bal 400001 aaaaa
(All fields would be separated by spaces)
Account number is optional. By default, information is available for primary account number.