Keep track and manage your shares in an electronically safe and secure way
YES BANK offers a secure and convenient way to keep track of your shares.;
YES BANK has been enrolled as a Depository Participant with NSDL - India's first depository. You can avail all the Depository-related services by just opening a Demat account with NSDL through YES BANK.
With a wide range of depository-related services at competitive charges, YES BANK Demat Account makes it extremely convenient to manage shares and transactions.
Filling complaints on SCORES- Easy & Quick
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.
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.
Prevent Unauthorized Transactions in your demat account - 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 on the same day. Issued in the interest of investors.
Highly competitive service charges
No stamp duty on transfer of securities held in Demat form
Immediate transfer of securities
Nomination facility available
Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc
The bank offers services of dedicated and trained customer care officers at your branch, so your transactions are safe and worry-free.
Q. Do I have to keep any minimum balance of securities in my account?
A. No, there is no prescribed minimum balance. You can have a zero balance in your account.
Q. Can someone else operate my account on my behalf on the basis of a power of attorney?
A. Yes, if you authorise any person to operate your account by executing a power of attorney (POA) and submit it to us, that person can operate the account on your behalf. If you have given POA earlier and now wish to operate the account yourself, the POA has to be revoked by you in writing.
YES BANK offers a secure and convenient way to keep track of your shares.
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