Overview
PhillipCapital India P. Ltd. as a Depository Participant (DP) offers a safe & convenient way to hold securities in electronic form as compared to paper form. It offers freedom from delays, forgeries, settlement risk and paper work. We are Depository Participant of Central Depository Services Limited (CDSL) as well as National Securities Depository Limited (NSDL). An investor desirous of holding his securities in electronic form can open a Demat Account with us by completing necessary account opening formalities.
After getting the demat account number from the DP, the account holder can cause credit of fresh purchases of securities to his demat account and/or transfer the balances held in demat account held with other DP to this newly opened demat account. He can also tender the securities held by him/her in physical form to DP for dematerialization and credit to the demat account.
Services offered by PhillipCapital as Depository Participant:
- Pledging of shares
- Dematerialization of physical shares into electronic form
- Re-materialization to convert the dematerialized into physical form
- Inter and intra depository transfer of securities from one demat account to another
