GROUP -10 AYON DASGUPTA GUNJAN AGGARWAL NAVEEN KUMAR RAMESH NAIR SAPTHAMI P.

ABOUT THE HDFC BANK



Major Indian financial services company.

 Incorporated in August 1994.  The Bank was promoted by the Housing Development Finance Corporation.  HDFC Bank has 1,725 branches and over 4,232 ATMs, in 779 cities in India.  As of 30 September 2008 the bank had total assets of Rs.1006.82 billion.

DEMAT ACCOUNT

Introduction to Demat.

Demat Process Explanation

DEMAT ACCOUNT PROCESS

PROCEDURE TO OPEN A DEMAT ACCOUNT

Fill account opening form

Sign an agreement with the DP

Required documents including address proof

Allocation of unique BOID

REQUIREMENTS FOR DEMAT ACCOUNT

One Passport size photograph, Proof of address like Voter ID card, electricity bill or Ration Card Employee ID Card, Bank attestation and Latest IT Return Share certificate(s) to DP. DP would forward them to the issuer / their R&T Agent. Deface the share certificate(s) you want to dematerialize by writing across Surrendered for dematerialization PAN Card (proof of identity) .As of April 2006 it is mandatory, if any person want to open a demat account should have a PAN CARD (Permanent Account number) . Without a PAN CARD you are not be eligible to open a Demat account

CHARGES FOR DEMAT ACCOUNT

CHALLAN FOR DEMAT For 1st year- free For 2nd year onwards-RS 500 pa

For trading account-RS 799 (one time payment) Has separate registration charges

SERVICES/BENEFITS OF DEMAT ACCOUNT

1.Settlement of Securities traded on the exchanges as well as off market transactions. 2.Shorter settlements thereby enhancing liquidity. 3.Pledging of Securities. 4.Electronic credit in public issue. 5.Automatic Credit of Rights / Bonus / Public Issues / Dividend credit through ECS.

SERVICES/BENEFITS OF DEMAT ACCOUNT(CONTD.)

6. Automatic Credit of Public Issue refunds to the bank account. 7. No stamp duty on transfer of securities held in demat form. 8. No concept of Market Lots.

CONTuu
9. Change of address, Signature, registration of power of attorney, transmission etc. were been effected ; now held in demat form by a single instruction to the DP. 10. Holding / Transaction details through Internet / email. 11. It avoids holding of physical forms of shares and there is no threat of loss, misplacement or theft of the same

FOR EXAMPLE, A PERSON OWNING 100 SHARES IN ABC LTD.

In NSDL depository system, the record of ownership will be shown as: ISIN INE 475C 01 012 ABC by demat 100 IN - India E - Company Last digit - check digit First four digits 475C - Company serial number; 01 - equity (it can be mutual fund units, debt or Government securities); 01 - issue number; 2 - check digit.