A depository is like a bank where securities are held in electronic
(dematerialized) form.
Dematerialization
It is the process of converting the securities held in physical
form (certificates) to an equivalent number of securities in electronic
form and crediting the same to the investor's demat account. Dematted
securities do not have any certificate numbers or distinctive
numbers and are dealt only in quantity i.e. the securities are
replaceable
Stock Broking through
INVESTMART an initiative of ILFS.
You can avail the facility of buying and selling of shares under
single roof. It integrates your Broker, DP and Bank on a single
platform.You may open a trading account by opening a Demat account
with J&K BANK, SAVING ACCOUNT with J&K BANK and Stock Broking
Account by filling Investor Registration form of INVESTMART an
initiative of ILFS and our business patner for providing broking
services.For further queries you may contact the DP branches of
J&K Bank
Depository Participant
of NSDL and CDSL.
In our country there are two central depositories
- National Securities Depositories Limited (NSDL) and Central
Depository Services Limited (CDSL).J&K BANK is Depository
Participant of both NSDL and CDSL.
Under the Depositories Act, investors can
avail of the services of the depositories through Depository Participants
(DPs) such as J&K BANK. DPs are like bank branches wherein shares
in physical forms need to be deposited for converting the same
to electronic (demat) form.
Market transaction
When securities are transferred from a beneficiary account of
an investor to a clearing member account of a broker for ensuring
delivery of securities on a stock exchange, then it is a market
transaction.
Off-market transactions
When securities are transferred from the beneficiary account
of one investor to that of another, and the transaction does not
get routed to the stock exchange, it is an off-market transaction.
Rematerialisation
(Remat)
It is the process of conversion of securities from electronic
to physical form
Depository Network
A network with full range of demat and teledepository services
our branches are at Delhi ,Srinagar and Jammu.
Highly competitive rates to enable you to convert your holdings
into the electronic form.
DELHI
J&K Bank Depository Service , G-40,Connought Place, New Delhi-110001
Ph:3737940,41,48 Fax:3737949
SRINAGAR
J&K Bank Depository Service , Residency Road, Branch Srinagar,
Telefax:0194- 2480056, 2480071
You can open a Depository Participant (DP)
Account, either through J & K Bank branches. There is no fee for
opening a DP account with J & K. However, a nominal fee will be
levied towards services, as per our tariff.
You can choose between Standard Rate Card
or Frequent Trader Rate Card as per your trading volume.
Please write to us or contact any J & K Bank
branch to obtain the account opening booklet.
