Demat Account FAQs

Dematerialisation is a process in which your physical certificates get converted to an equal number of securities into electronic form which is credited into your account with your Depository Participant. In order to dematerialise the certificates, you will first have to open an account with a Depository Participant. You have to then request for the dematerialisation of your certificates by filling up a dematerialisation request form [DRF], which is available with your DP.

It is not compulsory for you to dematerialise your physical certificates. As per the Depository Act of 1996 you have an option to hold shares either in physical or dematerialised form.

Your share certificates that are already registered in your name and match with the list of securities admitted for dematerialisation by NSDL. NSDL frequently updates the list of companies which can be in the dematerialised form.

The process of dematerialisation normally takes about 15 days.

Your shares will no longer carry any distinctive numbers as it used to be in the physical form. Say you have 500 shares of company X, if you have another 500 shares of the same company X they will be treated as a total of 1000 shares held by you in company X.

Yes you can also dematerialise your odd lot shares.

Yes it can be done as desired. You can either fully or partly dematerialise your holding.

On materialisation your original share certificates would be cancelled, even if you rematerialise your share certificates, you will not receive the certificates with the same distinctive numbers as they become irrelevant on dematerialisation.

It is to convert your dematerialised holdings back to the certificate form. For rematerialisation you would have to forward your request to us, which will be verified for the balances you possess and forwarded to NSDL. NSDL will forward your request to the registrar who will print the certificates and despatch them to you.

Yes you can, but you may or may not get the same distinctive numbers. You will usually be allotted a new folio number. If you already have an existing folio number you may be allotted the same.

• On purchase your account with us will be credited with the requisite shares.
• Problems of bad delivery, fake certificates, shares under litigation, signature difference of the transferor(s) etc.
• Physical filling of transfer forms and affixing of share transfer stamps is not required.
• Also you are relieved from the risks of loss of certificates or fraudulent interception of certificates.

Once you have opened an account with a DP you can buy and sell shares in the electronic form, provided the buyer/seller holds shares in the electronic form. You can sell your shares through any broker. All you need to do is to give your DP account details. On buying shares in the depository mode you must similarly inform the broker about your depository account details so that the shares bought would be re-credited to your account with the DP.

You will be given a passbook or statement of account to inform you of the status of your account.

You have to give a clear instruction to your DP for any transaction in the prescribed forms, which will be provided at the time of opening the DP account. Your account will be given a credit/debit after settlement.

You will get a credit to your account with the DP at your option.

You will get your dividend warrants in the same manner as before. The company will send it to you irrespective of whether your stock dematerialised or physical form.

Corporate entitlements will be made in the same form as their original holding. You will have a choice with regards to right issues or optional conversion of debentures to shares between physical or electronic mode. However, in the case of bonus it will be in the same form as your original holding.

You need to register for i-Connect Depository services. Please fill an application form and submit to any of the Axis Bank branches offering Demat services.

Yes, your customer Id of savings account in Axis Bank will be linked to your Demat Account, for providing this facility.

The DIS book requested online will be delivered to your communication address registered with us.