OPENING DEMAT ACCOUNT
- For opening a Demat account, the customer is requested to collect the prescribed opening form from any of our designated branches.
- Fill up application form and submit with any of the notified branches convenient to the customer.
- Then an agreement is to be executed on requisite stamp paper.
- Applicant & joint holder/s has to submit in person, self attested copies of the PAN card,Address and Identity proof along with originals for verification, Bank account particulars and cancelled cheque leaf and passport size photograph along with the application.
- On opening the Account a unique BO ID (Beneficial Owner Identification) Number is alloted.
DEMAT SERVICES OFFERED BY SOUTH INDIAN BANK
- Rematerialisation i.e getting electronic securities available in BO Account converted back to physical form.
- Dematerialisation, i.e getting physical securities converted into electronic form.
- Maintain record of holdings in the electronic form.
- Receiving electronic credit in respect of securities alloted by issuers under IPO, bonus and rights shares etc.
- Settlement of trades by delivering/receiving securities from/in BO Accounts.
- Settlement of Off-market trades i.e transactions between BOs entered outside the Stock Exchange.
Investor Grievance Mail Id – demat@sib.co.in
Telephone Numbers – 0487-2420020 Extn 390
Tel/fax – 0487-2444769