Name of the Organaisation : ING Vysya Bank Ltd (ingvysyabank.com)
Type of Facility : Open Demat Account Online
Location : India
Website : http://www.ingvysyabank.com/
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Demat Account :
With practically all trading being conducted electronically, most settlements happen through Demat (Dematerialisation of securities). The ING Demat Account offers you a secure and convenient way to keep track of your shares and investments, how much you’ve bought and sold over a period of time, without the hassle of handling physical documents that get mutilated or lost in transit.
Features & Benefits :
As opposed to the earlier form of dealing in physical certificates with delays in transaction, trading through Demat has the following benefits.
** Settlement of securities traded on the exchange as well as off market transactions.
** Shorter settlements thereby enhancing liquidity.
** Pledging and Hypothecation of Dematerialized Securities.
** Electronic credit in public issue.
** Receipt of non-cash benefits in electronic form.
** No stamp duties on transfer of securities held in demat form.
** No concept of Market Lots.
** Change of name, address, dividend mandate, registration of power of attorney, transmission etc. can be effected across companies held in demat form by a single instruction to the DP.
Apply Now : ingvysyabank.com/personal…%%20%20Account
Types of Depository Accounts :
You can open two types of depository accounts :
** Individual Account
** Corporate Account
Individual Account :
An individual account can be opened under following two categories depending on the residential status of the applicant(s) :
** Resident
** Non-Resident
Resident Account :
For opening a resident account you would need to furnish the following documents :
** Completed application form signed by all the applicants. Once a Demat account is opened, the depository participant cannot make any alterations in the names, so please fill in your name very carefully.
** DP Client Agreement executed on a non-judicial stamp paper of Rs.200/-
** A set of photographs of all the applicants duly signed.
Proof of identity for all the holders (any one of the following)
** Voters ID Card
** Driving License
** Passport
** PAN Card (PAN card is mandatory for opening Demat)
Proof of correspondence address for all the holders (any one of the following) :
** Voters ID Card
** Driving License
** Passport
** Ration Card
** Bank statement or Electricity Bill or Telephone Bill (not more than 2 months old)
** Leave and License Agreement / Agreement for Sale
Other documents :
** Tariff sheet duly signed by all the account holders
** Valid debit authorization
Non Resident Account :
Apart from the documents required to open an ordinary resident account you would need to furnish the following documents :
** Copy of passport and visa attested by the branch after verifying with the originals
** Linked savings account has to be NRE/NRO as applicable.
For further information on opening a non-resident demat account please get in touch with our NRI cell at nri@ingvysyabank.com
Corporate Account :
Documentation & Procedure :
** Account opening form duly completed in all respects.
** Photographs of all the authorized signatories (duly signed) to be affixed on the reverse of the specimen signature card.
** Copy of Memorandum and Articles of Association duly attested by the Company Secretary/Director
** Board resolution on the corporate ‘s letterhead stating that the company desires to open a demat account with ING. It should also mention the details of the authorized signatories who will be operating the account as per the mode of operations decided by the board.
** DP Client Agreement to be executed on non-judicial stamp paper of Rs.200/-.
** Proof of address of the corporate :
** Document registered with Registrar of Companies
** Acknowledged copy of Income Tax return
** Leave & License agreement
** Copy of Agreement of purchase of office premises
** Proof of identity of authorized signatory.
For More Details, Click Here : ingvysyabank.com/personal…t-account.aspx
Missing some information :
If you do not have all the required information, call our phone banking on 1-800-425-9900 for assistance.