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Demat
05 July 2016
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What are the facilities offered in ProStocks Depository Account?

 ProStocks depository account offers following facilities: -

  • Dematerialization i.e., converting physical certificates to electronic form;
  • Rematerialisation i.e., conversion of securities in Demat form into physical certificates;
  • Facilitating repurchase / redemption of units of mutual funds;
  • Electronic settlement of trades in stock exchanges connected to CDSL;
  • Pledging/hypothecation of dematerialized securities against loan;
  • Electronic credit of securities allotted in public issues, rights issue;
  • Receipt of non-cash corporate benefits such as bonus, in electronic form;
  • Freezing of Demat accounts, so that the debits from the account are not permitted;
  • Nomination facility for Demat accounts;
  • Services related to change of address;
  • Effecting transmission of securities;
  • Easi-est facility;
  • Account monitoring facility over Internet for clearing members through Easi facility;
  •  SMS alert facility for debit transaction

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  • Guest - LT LEWIS

    about 4 years ago

    I am an NRI resident in USA. Have have shares in a number of companies in Physical form. All were purchased in the primary market using funds from my NRE account about 30 years ago. I want to convert to shares to demat, and sell these shares, and then invest some of the funds in Indian mutual funds and repatriate the rest. Can Prostocks assist me with this? Also since I am not interested in trading, do I need to have a NRE PIS account? From what I understand for my situation, I could manage with a NRE Non-PIS account. Please clarify. Also I need a Prostocks point of contact in Mumbai, so I can complete my work when I am visiting India later this year.

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    Guest - LT LEWIS
    about 4 years ago

    +91-8850317671 This is our dedicated mobile and whatsapp number for NRI . Please reach out

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