Open a demat account

MINORs

Did you know that a child can open a demat account is he/she has a PAN? Investing through our child’s demat account  is the one of the ways to build wealth in long term.*

 

Teach them young!

We all know that a kid who is taught to invest younger will learn to invest longer. A kid has more to learn from secondary markets at a young age rather than from games or anime series!

 

Birthday gifts can be an investment!

Gift your kids’ stocks that will grow with him to give him the benefits of secondary markets when he turns a major. These will make a difference rather than perishable gifts that fade away with time!

 

How to open a Minor Demat Account?

Open Minor demat accounts offline at your nearest Federal Bank Branches.

 

*Information provided in this article is generic in nature and for informational purposes only. Investments in secondary markets are subject to market risk. It is not a substitute for specific advice in your own circumstances. This is an information communication from Federal Bank and should not be considered as investment advice.

 

Rights and Obligations of Beneficial Owner & DP as prescribed by SEBI and Depositories

R & O of BO & DP as prescribed by SEBI & Depositories — Click here

SEBI circular on 'Cyber Security and Cyber Resilience framework for Stock Brokers/Depository Participants — Click here

Safety to the Investor

Safety to the Investor


  • Securities Exchange Board of India (SEBI) has laid down certain rules and regulations for getting registered as a depository participant. With the recommendation of the Depository and SEBI's own independent evaluation a DP will be registered under SEBI. The investors account will be credited/debited by the DP only on the basis of valid instruction from the client.
  • The system driven mandatory reconciliation is done between the DP and NSDL. Periodic inspections of both DP and R&T agent are conducted by NSDL The data interchange between NSDL and its business partners is protected by standard protection measures such as encryption.
6 KYC attributes shall be mandatory for all new demat accounts opened with effect from August 01, 2021

6 KYC attributes shall be mandatory for all new demat accounts opened with effect from August 01, 2021


As per the guidelines issued by depositories (NSDL/CDSL), the following 6-KYC attributes are mandatory for existing demat account w.e.f from 01st July 2022. 

a. Name 

b. Address 

c. Valid PAN (PAN seeded with AADHAAR)

d. Valid mobile number 

e. Valid email-id 

f. Income range 

Thereafter, the non-compliant demat accounts will be made inactive and restrictions will be imposed on transactions w.e.f 01st July 2022.

In case PAN is not seeded with AADHAAR before the date specified by the Government, it will not be considered as a valid PAN for demat account opening. Also, those demat accounts which are not having valid PAN will be classified as non-compliant and will be inoperative w.e.f 1st July 2023. If the same mobile number / email ID is captured in more than 1 demat account in any of the Depository (NSDL/CDSL) and family flag is also not updated, those accounts will be classified as non-compliant and treated as inactive.

Kindly visit your branch for updating the KYC attributes mentioned above in the demat account

 

Advisory – KYC Compliance

  • All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
  • Investors may contact their respective stockbrokers / depository participants for updation of details in their trading / demat account.
  • The last date to update KYC is June 30, 2022.
  • Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
  • The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
  • On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
  • The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
  • To ensure smooth settlement, investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
  • Investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.

 

For registering a complaint with SEBI, please click on the SCORES portal link: https://scores.sebi.gov.in and SCORES mobile application for effective redressal of grievances.

Attention Investors

  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Click here for more details. 
  • Prevent unauthorized transactions in your demat account, kindly 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 NSDL/CDSL on the same day. Issued in the interest of investors.
  • 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.
  • In case of any grievance/compliant against the Depository Participant - Federal Bank Ltd, please email us at dpsa@federalbank.co.in. If you are not satisfied with the resolution, please click here

 

  • For registering a complaint with SEBI, please click on the SCORES portal link: https://scores.sebi.gov.in and SCORES mobile application for effective redressal of grievances.

    Filling complaints on SCORES- Easy & Quick :

    • Register on SCORES portal
    • Mandatory details for filling complaints on SCORES - Name, PAN, Address, Mobile Number, E-mail ID.
    • Benefits - Effective Communication & Speedy redressal of the grievances
  • If you are still not satisfied with the resolution, please visit ODR portal
  • Please email to report-mktmanipulation@nsdl.com for lodging any complaints with respect to market manipulation/fraudulent activities in the market or against Depository Participants.