Demat Accounts :
New India Co-Operative Bank Limited offers you a safe and convenient way to hold your shares in a dematerialised form. Holding shares in a demat format helps you safeguard yourself from loss of certificates, or any form of fraudulent practices. It makes the transmission and trading in shares and securities easy and convenient and eliminates the dangers of forged share certificates. New India Co-Operative Bank Limited is a participant of CDSL.
To open a DEMAT account, please contact the nearest branch,
For any demat related grievance, please write to us at
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."
For any grievance you may register your grievance to https://scores.gov.in
KYC is one time exercise - “KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
ASBA - no need to issue cheques - "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." (Currently in our Bank the ASBA facility is not available)