A Depository is like a bank where securities are held in electronic (Dematerialised) 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.
Stock Broking through HSBC Invest Direct Securities (India) Ltd.
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 and Saving account with J&K Bank and Stock Broking Account by filling Investor Registration form of HSBC Invest Direct Securities (India) Ltd., our business partner 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
Dematerialisation & Redemption of Mutual Fund Units
Conversion of existing mutual fund units (represented by statement of Account) into Dematerialised form.
Redemption of Mutual Fund Units held in Dematerialised Form.
IDeAS & SPEED-e facilities.
Facility of viewing your Demat Holding & convenience of submitting delivery instruction from any where any time by accessing the speed-website.
Depository Network
A network with full range of Demat and Tele-depository services. Our branches are at Gurgaon, Kashmir Division(Srinagar,Pulwama & Sopore) and Jammu Division(Jammu,Udhampur,Kathua)
Highly competitive rates to enable you to convert your holdings into the electronic form.
DELHI (NCR)
J&K Bank Depository Services , Plot No 132-134,Sector 44, Gurgoan, 122001.
J&K BANK Financial Services Centre, Sher-e-Kashmir Bhawan, Idgah Road. Residency Road Jammu (J&K) Phone:0191-2570400,2546032.Telefax:0191-2546032. email: fsc.keeper@jkbmail.com.
J&K Bank Financial Services Centre, Patel Nagar Akhnoor Road Jammu (J&K).
Phone:0191-2501074. Fax: 2501090 email-fsc.pattel@jkbmail.com.
J&K Bank Financial Services Centre, Adarsh Colony Udhampur (J&K). Phone:1992-272103,7298004746 Fax:272104. email:fsc.udmpur@jkbmail.com
J&K Bank Financial Services Centre,Main Bazar Kathua (J&K). Phone:01922-232390, 236954,Fax: 232392 email: fsc.kathua@jkbmail.com
Account Opening
You can open a Depository Participant (DP) Account, either through our Depository Network or 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.
Please write to us or contact any J & K Bank branch to obtain the account opening booklet.
