Академический Документы
Профессиональный Документы
Культура Документы
A Project Report
Submitted to
University of Pune
For the partial fulfillment of the degree
Bachelor of Commerce
By
Adnan Y. Temrikar
INDEX
Chapter No.
1
1.1
1.2
1.3
1.4
1.5
1.6
2
2.1
2.2
2.3
2.4
2.5
2.6
3
3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9
3.10
3.11
4
5
6
Contents
Introduction
Need and importance of Project Work
Objectives of Project Work
Research Methodology
Definition of Bank
Importance of bank
Evolution of Banking
Organizational Profile
History of Bank
Profile of Bank
Milestones
Vision of bank
Functions of bank
Staffing Pattern
Theory Related To Topic
Opening of DEMAT Account
Dematerialisation
Procedure for Transmission and Transposition
Holding mutual funds units in dematerialized form
Rematerialisation
Transfer of Balances
Redemption or Repurchase
Pledge and Hypothecation
Account Freezing
Conversion of ISIN
Account Closure
Data Analysis and Interpretation
Conclusion
Annexure
Questionnaire
Bibliography
Page No.
ACKNOWLEDGEMENT
I have pleasure in successful completion of this work titled A STUDY OF DEMAT
ACCOUNT.
The special environment at B.Y.K College of Commerce, Nashik that always support
educational activities, faciliated my work on this project.
I Acknowledge the support, and encouragement, extended for this study by principle
Dr. H. R. Kochargaonkar.
I greatly appreciate the motivation and understanding extended for the project work by
Mr. Rajendra Sose(Manager) and the staff of the surveyed bank, who responded
promptly and enthusiastically to my request for frank comments despite their
congested schedules. I am indebted to all of them, who did the best to bring
improvements through their suggestions.
I am very much thankful to Prof. Mrs. S.S.More for her encouragement and guidance
for this project work. It would not have been possible for me to complete this work
without her suggestion on every part of this work.
I acknowledge the authors, whose work gave me insight and information related to this
subject.
I am thankful to Library staff and Administrative staff of the B.Y.K College who
directly or indirectly, have all been helpful in way or another.
I thank my father and mother who encouraged me to extend my reach with their help
and support, I have been able to complete this work.
Date:
Adnan Y. Temrikar
CHAPTER 1
INTRODUCTION
1. INTRODUCTION:-
research. All research needs adequate and accurate data. Research requires a
deliberation and expertise.
I undertook the following methods and finalized my project with the help of my guide.
Field method In this method I visited
Bank means "Any person, any institution or any company or any organisation which
accepts the deposits from the public which lent the money and which used invest
money is said as bank."
Co-operative banks are deeply rooted inside local areas and communities. They are
involved in local development and contribute to the sustainable development of their
communities, as their members and management board usually belong to the
communities in which they exercise their activities. By increasing banking access in
areas or markets where other banks are less present - SMEs, farmers in rural areas,
middle or low income households in urban areas - co-operative banks reduce banking
exclusion and foster the economic ability of millions of people. They play an
influential role on the economic growth in the countries in which they work in and
increase the efficiency of the international financial system. Their specific form of
enterprise, relying on the above-mentioned principles of organization, has proven
successful both in developed and developing countries
The Reserve Bank of India, India's central banking authority, was nationalized on
January 1, 1949 under the terms of the Reserve Bank of India (Transfer to Public
Ownership) Act, 1948 (RBI, 2005b).
In 1949, the Banking Regulation Act was enacted which empowered the Reserve Bank
of India (RBI) "to regulate, control, and inspect the banks in India."
The Banking Regulation Act also provided that no new bank or branch of an existing
bank could be opened without a license from the RBI, and no two banks could have
common directors.
Period between 1906 and 1911 was of Swadeshi movement which inspired local
businessman and political figures to form banks of and for Indian community.
During First World War and Second World War and two years post independence
banking in India was challenging. At least94 banks in India failed between 1913
and1918 due to world war related economic turbulence.
Post- Independence
The Reserve Bank of India, India's central banking authority, was nationalized on
January 1, 1949 under the terms of the Reserve Bank of India
In 1949, the Banking Regulation Act was enacted which empowered the Reserve Bank
of India (RBI) "to regulate, control, and inspect the banks in India."
The Banking Regulation Act also provided that no new bank or branch of an existing
bank could be opened without a license from the RBI, and no two banks could have
common directors
Nationalisation
Except SBI all the banks were owned and controlled by private persons. By 1960
banking system in India had become an important tool for economic growth. Banking
system in India had emerged as the largest employer than Prime Minister Indira
Gandhi decided to nationalise commercial banks .14 largest commercial banks were
nationalised in 1969 followed by 6 more in 1980. In 1993 New Bank of India was
merged with Punjab National Bank
Liberalisation
In 1990 Narsimha Rao came with the policy of liberalization of banking in India.
Licenses were given to set up private banks and we saw setting up of tech savvy banks
such as Axis Bank(earlier known as UTI Bank),ICICI Bank and HDFC Bank . Along
with the growth of Indian economy, banking sector in India saw growth at a very rapid
pace. Thanks to RBI strict norms Indian banks are considered to have clean, strong
and transparent balance sheets relative to other banks in comparable economies in its
region.
The Reserve Bank of India is an autonomous body, with its corrective measures we
have seen 2008 world financial crises having minimal impact on Indian banking
structure.
CHAPTER 2
ORGANISATIONAL
PROFILE
2.1 HISTORY OF BANK:The bank has a very humble but a very inspiring beginning. On 14 th September 1918,
The Saraswat Co-operative Banking Society was founded. Mr.J.K Parulkar became
its first chairman, Mr. N.B Thakur, the first Vice Chairman, Mr.P.N Warde, the first
Secretary and Mr. Shivram Gopal Rajadhyaksha, the first Treasurer. These dedicated
men in-charge of the society had a commendable sense of service and duty imbibed in
them. Even today, our honorable founders inspire a sense of awe and respect in the
bank and amongst the shareholders.
The society was initially set up to help families in distress. Its objective was to provide
temporary accommodation to its members in eventualities such as weddings of
dependent members of family, repayment of debts and expenses of medical treatment
and many more. The society was converted into a full-fledged Urban Co-operative
Bank in the year 1933.
The bank, was originally founded in 1918, that is close to Russian Revolution, also
witnessed as society and as a bank in the First World War, Second World Warand
Indias freedom movement and post independence in India. The two wars in particular
brought in their wake, paucities of all kinds and realities and stand by its members in
distress as a solid bulwark of strength.
2.2 PROFILE:Service to Common Man has been the motto of Saraswat bank for the last 91 years.
Bank in spite its growth in size has been able to offer to the customers the dual
advantage of Ability of Big Banks and Agility of Small Banks.
2.3 MILESTONES:By these sustained and assiduous efforts over 25 years after its inception, the bank has
gained strong foundation. By 1942, the bank was fulfilling all the banking needs of its
customers. The bank has established five branches within the city of Mumbai and one
each at Pune and Belgaum. In its 50th year, the bank chose a bee motif to symbolize the
banks emblem - a fitting and appropriate characteristic of a bank that believed in hard
work.
The bank has grown in stature, progress in its social and economic objective and
produced an image of themselves. Resultantly, in the year 1977 1978 the banks gross
income crossed the Rs. 3 Crore mark for first time. In 1988, the bank was conferred
with Scheduled status by R.B.I. The bank is the first co-operative bank to provide
Merchant Banking Services. The bank got permanent license to deal in foreign
exchange in 1978. Presently, it is having correspondent relation in 45 countries
covering 9 currencies with over 125 banks. In 1992 bank completed 75 years and also
crossed the business level of Rs.700 Crores.
The beginning of 21st century has been a giant leap forward for the bank. Banks total
business was around Rs.4000 Crore in the year 2000 and almost tripled to Rs. 15925
Crore in 2007. Last two decades the bank has witnessed a steady growth in the
business and bank tied up with VISA International for issuance of Debit Card. The
bank has a network of 266 fully computerized branches. The bank is providing 24
hours service through ATM at 147 locations. As on 31st March 2012, bank business has
surpassed Rs. 33,000 Crore. Bank has retained its position as ZERO NET NPA bank
for eighth successive year.
2.4 VISION OF BANK:To emerge as one of the premier and most preferred banks in the country by adopting
highest standards of professionalism and excellence in all the areas of working. Bank
has an ambitious business expansion plan in place to have a presence in all major
cities of the country, reach a business level of Rs. 50,000 Crores by 2016 and RS.
1,00,000 Crores by 2018.
2.5
FUNCTIONS OF BANK:-
Bank performs the general commercial functions such as accepting deposits, giving
loans, providing remittances, issuing letter of credit.
Acts as an agent of RBI.
Under rights of issuer of stocks, shares.
An agent of central government or any corporation for housing scheme.
STAFFING PATTERN
Chief Officer
General Manager
(Assisted by directors and G.M.)
Controlling Officer
(Zonal or regional office)
(All the accounts of branches and balance sheets are to be analyzed in head office)
BRANCH
Branch Manager
Accountant
Clerks (1,2,3,4..)
CHAPTER 3
THEORY RELATED
TO TOPIC
3.1 OPENING OF DEMAT ACCOUNT: A person can open a DEMAT Account with NSDL or CDSL at his option.
Procedures are similar for opening both the accounts mentioned above.
The client who wishes to open a DEMAT Account with SARASWAT BANK can open
two types of account.
Individual Account
Corporate Account
Individual AccountAn Individual Account either Resident or Non Resident can be in name of individual,
Karta or minor.An account of minor has to be in sole name of minor only. No joint
holder for such account is permitted by NSDL. Similarly for HUF account there
cannot be a join holding. The account has to be opened in the sole name of HUF only.
Corporate AccountThe following are the requirements for opening the corporate account. NSDL/CDSL
does not permit DEMAT accounts in the name of partnership firm or proprietorship
firm. Hence for partnership/proprietorship accounts the DEMAT account can be in the
name of partners/proprietors and not in the name of the firm.
DOCUMENTS REQUIRED:
a)
b)
c)
d)
e)
f)
g)
h)
Proof of Address:
Passport, Ration Card
Voter ID card
Driving license
Bank passbook
Leave and license agreement/Agreement for sales
Verified copies of Electricity bills and telephone bills (not more than two months old)
NOMINATION:A client can avail of the nomination facility for his/her DEMAT Account. You can
nominate at the time of Account opening itself or any time in future by feeling the
Nomination Form. A nomination can be changed at any time by filling same form. By
availing of the Nomination facility, the nominee is entitled to receive share
outstanding in the name of the deceased client. However following categories of
investors cannot nominate
Minor accounts
HUF accounts
Power of Attorney holders
Accounts in the name of society, trust body corporate
However in CDSL, in case of minor accounts, the guardian can make a nomination on
behalf of the minor.
CHANGE OF ADDRESS:A client who wishes to change his address has to intimate the Depositary Participant
(DP) in writing about the same. The specified forms are available. Following
documents are required to be submitted for the change of address
A duly filled form for change of address. In case of joint holding all the holders must
sign the application.
Proof of new address along with original documents of new address and the bank
official will verify the document pertaining the new address along with original and
affix the stamp.
REPORTS:-
Once a new account is opened with are DP cell the client master detail for your
account along with personal identification number will be informed to you. Client ID
is required to be quoted on all future correspondence with our depository cell.
IDEAS (INTERNET BASED DEMAT ACCOUNT STATEMENT):IDEAS is a facility available on the SPEED e website of NSDL for viewing balances
and transactions in DEMAT account by subscribing to IDEAS the client can view their
latest balances and transactions that have taken place in the DEMAT accounts.
STATEMENT OF ACCOUNT:Statement of account which includes holdings, transactions and pending DEMAT
status is sent to the account holders every month (if there are transactions in the
account).
If there are no transactions, statement of holdings will be sent quarterly. Statement of
account is sent also through email where client has registered for the same. For receipt
or statement through email please fill up the form for email registration and submit it
at any of the branches.
The bank has also registered for IDEAS. This is internet based DEMAT account
statement. The DEMAT statement sent by the bank to it has a unique feature of having
portfolio valuation of the holdings of the client.
3.2 DEMATERIALISATION:Dematerialisation is a process by which a client can get physical certificates converted
into electronic balances.
An investor intending to dematearialise its securities needs to have an account with a
DP. The client has to deface and surrender the certificates registered in its name to DP.
After intimating NSDL electronically, the DP sends securities to the concerned
issuer/R&T agent. NSDL in turn informs the issuer/R&T agent electronically using
depository system, about the request for dematerialization. If the issuer/R&T agent
finds the certificate in order, it registers NSDL as holder of securities (the investor will
be beneficial owner) and communicated to NSDL confirmation of request
electronically. On receiving such confirmation, NSDL credits the securities in a
depository account of investor with DP.
FEATURES:-
Holding in only those securities that are admitted for dematearilsation by NSDL can
be dematearilised
Only those holdings that are registered in the name account holder can be
dematearilised
Names of holders of securities should match with the names given for DEMAT
account
If some sets of joint holders have securities in different sequence of names, these join
holders by using Transposition Cum DEMAT facility can dematearialise the security in
same account even though the shares certificate are in different sequence of names. If
shares are in name combinations of x and y it cannot be dematearilised into account of
either or alone
Check the DEMAT performance of companies whose shares are to be given for
dematearilisation.
A client may in the normal chores receive DEMAT confirmation in about thirty days
from the date of submission of DEMAT request to DP.
PROCEDURE:The client (registered owner) to submit the request to DP in Dematearialisation Request
Form (DRF).
For dematearilisation, along with the certificates of securities to dematearilised. Before
submission, the client has to deface the certificates by writing SURRENDERED FOR
DEMATEARILISATION
The DP will verify the form is duly filled in and the number of certificates, number of
securities and security type(equity, debentures etc.) are as given in DRF. If the form
and security count is in order the DP will issue an acknowledgement slip duly signed
and stamped the client.
The DP will scrutinize the form and certificates this involves verification of client
signature on the dematearilisation request form with the specimen signature (the sign
on account opening form) if the signature differs the DP should ensure identity of
client.
Paid up status
ISIN (International Securities Identification Number)
Lock-in Status
Distinctive Numbers
In case securities are not in order they are returned to the client acknowledgement is
obtained. The DP will reject the request and return the DRF and securities in case
A single DRF is used to dematerialise the securities of more than one company.
The certificates are defaced in such a way that the material information is not readable.
It may advise the client to send the certificates to Issuer /R&T Agent and get new
securities issued in lieu thereof.
Part of the certificates pertaining to single DRF is partly paid-up, the DP will reject the
request and return the DRF along with certificates. The DP may advise the client to
send separate request for fully paid-up and partly paid-up securities.
Part of certificates pertaining to single DRF are locked-in, the DP will reject the
request and return the DRF along with certificates to the clients. The DP may advise
the client to send separate request for locked in certificates. Also, certificates locked in
certificates and also, certificates locked-in for different reasons should not be
3.3
PROCEDURE
FOR
TRANSMISSION
(NAME
DELETION)
AND
TRANSPOSITION DEMATERIALIZATION TO BE DONE TOGETHER:In case of death of one or more joint holders or joint holdings, the surviving joint
holders can get the name of deceased removed from the security certificates from the
physical certificates and get them dematerialized by following procedures mentioned
below
Make a request to the DP for deleting the names of the deceased by submitting
transmission form and the DRF form.
On receiving of documents mentioned above the DP shall ensure that the certificates
submitted by the client are registered in the name of client along with the names of
deceased and the order of the names on the certificates is same as the client account.
The DP while processing the request for name deletion and dematerialization shall
ensure compliance of business rule and forward the same to the Issuer/R&T Agent.
On being satisfied with the documents received, the issuer shall carry on the name
deletion and dematerialization request process as per the described procedure.
TRANSPOSITION
Thereis now a new concept introduced inDEMAT called Transposition of shares.
Transposition means that if the shares are held in the name of A and B and the
customer has a DEMAT account in reverse order that is in the name of B and A
the shares can be dematerialized in the same account, and a new DEMAT account in
the name of B and A would not be required. The client has to submit the shares and
the DEMAT Request Form along with TRANSPOSITION Form.
3.4 HOLDING MUTUAL FUND UNITS IN DEMATERIALIZED FORM:The procedure for conversion of mutual fund units into dematerialized form through
the bank DP for NSDL and CDSL are as follows
NSDL:
The Client desirous of converting mutual fund units represented by statement of
account into dematerialized form shall submit to the DP the conversion request form
along with the statement of account showing the holding of mutual fund units.
Separate Conversion Request Form for each folio number must be submitted by
DEMAT account holder.
Conversion Request Form for lock-in and free units under the same ISIN number
should also be taken separately from client.
It should also be ensured that the mutual fund units submitted are admitted for
DEMAT.
The Conversion Request Form submitted by the client must be completely filled and
duly signed. The name in the DEMAT account held should be in same pattern of
holding mentioned on the statement of account and Conversion Request Form.
The AMC/RTA willafter due verification confirm the conversion request and credit the
mutual fund units in the clients account.
CDSL:
The Client desirous of converting mutual fund units represented by statement of
account into dematerialized form shall submit to the DP the Mutual Fund
Destatementization Request Form (MF-DRF) along with the statement of account
showing the holding of mutual fund units.
Separate Mutual Fund Destatementization Request Form for each folio number must
be submitted by DEMAT account holder.
Mutual Fund Destatementization Request Form for lock-in and free units under the
same ISIN number should also be taken separately from client.
It must also be ensured that the mutual fund units submitted are admitted for DEMAT.
The Mutual Fund Destatementization Request Form submitted by the client must be
completely filled and duly signed. The name in the DEMAT account held should be in
same pattern of holding mentioned on the statement of account and Mutual Fund
Destatementization Request Form.
The AMC/RTA willafter due verification confirm the conversion request and credit the
mutual fund units in the clients account.
3.5 REMATERIALISATION:It is the process by which a beneficial can convert the electronic balances in his
account in to physical share certificates. A client may withdraw its security balances
with the depository at any point of time by making an application to that effect to the
depository through its participant. The client shall make the request for withdrawal of
balance in his account in the Rematerialisation Request Form (RRF) as specified in
business rules. On receiving of RRF the participant shall check whether sufficient free
relevant security balance is available in the account of client. If enough balance the
participant shall accept the said RRF and & block the balance of client to extend of the
Rematerialisation quantity & electronically intimate the request to depository on
receipt of the request received referred to in bye law 9.4.4 above, the depository shall
block the balance of participant to the extend of Rematerialisation quantity in
depository system. The depository will intimate electronically all such accepted
rematerialisation applications to the issuer on daily basis.
The participant shall forward the RRF to issuer within seven days of accepting such
request from client the issuer after validating the RRF will confirm electronically to
the depository that the RRF has been accepted. Thereafter the issuer shall dispatch
certificates arising out of rematerialisation request within a period of 30 days from
receipt of such RRF.
On receipt of such acceptance from issuer the depository shall remove balances from
the respective participants account and participant shall remove the balance from the
respective client account.
3.6 TRANSFER OF BALANCES:Participant shall not execute any debit or credit in the account of the client without
authorization from such client. The mode and the authorization shall be specified in
business rules.
Where there is transfer of balance from the client of one participant to the client of
another participant both the delivering and receiving participant must enter
instructions for delivery and receipt respectively. After instructions are matched in
depository system, such transfer shall be executed in participants account in the
depository and the participant shallin turn execute such transfer in clients account.
In the event of participant ceasing to be a participant for the depository, the client of
that participant may, either request for rematerialisation of securities or request of
transfers of balances in its account with another participant the depository may on
receipt of a court order transfer the balance. Standing the participants account to
another participant account.
3.7 REDMPTION OR REPURCHASE:In case the issuer gives an option to the client for repurchase or redemption of
securities held in dematerialized form, the client on exercising his option shall submit
the participant the Redemption Request Form(RF).The participant shall ensure that the
client submits a separate RF for each security for each account maintained by the
client with the participant. The participantshall ensure that RF submitted by his client
is completely filled and duly signed. The participant shall verify signatures on each RF
with records held.
Participant shall ensure that the client has sufficient free holdings in his account before
executing the instructions and signed, the RF to Issuer/R&T Agent.
Participant shall authorize the RF enclose the client details printed from the DPM(DP)
and forward it to the issuer. The Issuer shall verify the form and the request, and if in
order confirm the request for redemption in the DPM and pay the proceeds directly to
client.
3.8 PLEDGE AND HYPOTHECATION:If a Client who do not wish to sell their shares can avail loan against their holdings and
intends to create a pledge on a security owned by him he can make an application in
his regard in a form specified in business rule to the depository through the
participants, who has his account in respect of such securities. The pledgor and the
pledge must have an account in depository to create a pledge. However, the pledgor
and the pledge may hold an account with two different participants.
The participant after satisfaction that the securities are available for pledge shall make
note in its records, of the notice of the pledge, and forward the application to the
depository. The pledgor and the pledgee are required to initiate creation and
confirmation ofpledge by submitting form W. Where the DP of the pledgor and the
pledgee is different, pledgees acceptance or rejection is communicated electronically
to the pledgors DP. The depository after receiving confirmation from the participant
shall within 15 days of the receipt of application create and record the pledge and send
an intimation of the same to participants to pledgor and pledgee.
On receipt of intimation under law the participants of both pledgor and pledgee shall
inform the pledgor and pledgee of the entry of creation of pledge. If the depository
does not create the pledge, it shall within 15 days of the receipt of application under
law send along with the reasons, intimation to the pledgor and pledgee.
The pledgor and the pledgee may request the cancelation of the entry of pledge made
under law making an application to the depository through its participant. The
participant shall make a note in its record and forward the request to depository.
Once the loan is repaid the pledgor is required to initiate closure request to his DP. The
pledged status will change to free balance once the pledgee confirms the repayment of
loan and confirms closure of pledged through the DP.
Where the pledgor has defaulted repayment of loan, the pledgee may invoke the
pledge in its favor. The process of creation of closure of pledge is simplified an
expeditiously done as the client maintains a depository account. Inspite of shares being
in placed status, the beneficiary will be entitled to corporate benefits offered by the
companies from time to time.
If the client intends to create a hypothecation on the securities owned by him, he may
do so in accordance with provisions of law. The depository shall invoke the entry of
hypothecation made under law after receiving confirmation from the participant of the
hypothecator through an application made by hypothecator to the participant in the
form specified in the business rules.
3.9 ACCOUNT FREEZING:Participant shall freeze the account of a client maintained with him on return
instruction received by the participant in that regard from the client concerned in the
form specified business rule.
The participant shall freeze the account of a client on instruction received by him in
this regard from the depository, pursuant to the orders of the central of the state
government, SEBI or any order passed by the court, tribunal or any statutory authority
in this regard provided further that the frozen account shall be released on instructions
from the client in the case of bye law 9.3.1 above and orders of the relevant in case of
bye law 9.3.2.
The depository shall freeze the account of a participant to the extent, the securities are
held in
On the orders of the central of the state government, SEBI or any order passed by the
The issuer shall verify the form and if in order confirm the request for conversion of
ISIN and provide to the depository details of request. On receipt of conversion details
the depository shall cause necessary credit entries to be made in the accounts of the
client on a date requested by issuer. In case records are rejected by depository, the
issuer shall send the rectified records within seven days of the requested date. If the
issuer fails to send the records within seven days of requested date it shall proceed to
issue securities in the physical form.
At the time of creating accounts of beneficial owners, if accounts are either in the
status of to be closed or suspended for all such allotments will be credited to DP
Suspense Account by the depository. The depository shall carry out a reversal
function and credit the clients account after resolving the balances.
3.11ACCOUNT CLOSURE:A client wanting to close an account shall make an application, in the format specified
to that effect in the business rule to the participant. A client may close its account if no
balances are standing to its credit in the account. In case any balances exist than the
account may be closed in the following manner
CHAPTER 4
DATA ANALYSIS
AND
INTERPRETATION
YEARS
2007- 2008
2008 - 2009
2009 - 2010
2010 - 2011
2011 - 2012
No of Demat A/c
5000
4000
3000
Total Demat Accounts 2000
1000
0
2008 2009 2010 2011 2012
Years
(The above Graph indicates the Rise and fall in opening of DEMAT Accounts)
From the above graph, we can interpret that in the year 2008 that there were positive
factors in opening of DEMAT account. People were interested to open DEMAT
accounts, but at the time intervals in the year 2009 there was a drastic fall in opening
of new DEMAT accounts, the decrease was due to share markets crashing down
heavily from 21,000 points to 16,000 and the holders started to sale their shares. As the
period moved on in the year 2010 the Securities and Exchange Board of India (SEBI)
which is the governing body passed a law stating that accounts with zero balance
should not be in process and there was a further decline. In 2011, SEBI passed another
law that the person opening the new account should have a PAN card compulsorily.
And as we can see in the graph in 2012 the opening of DEMAT accounts is on a rise.
CHAPTER 5
CONCLUSION
Conclusion:After studying the project, I understood the importance and the flourishing
returns of the investors in stock markets due to dematerialization and rematerialisation
of the account. As these facilities which were introduced, the two aspects expanded
rapidly with awareness of investors in investing the stock market. These processes
reduce the frauds and help the investors to show a drastic change.
Findings:Due to vast and proper use of IT and computer in the corporate world and
especially in the share market the work of dematerialization and rematerialisation has
become rapid and easy. Investors can now buy and sale shares in just few seconds.
Investors can get their statement of account whenever they wish with the process of
IDEAS. DEMAT Accounting has made share broking much easy.
As it has made easy through my work I have found out that there is increase
in the opening of DEMAT accounts.
BIBLIOGRAPHY
Books:
1. Theory and practical of banking, N.V. Subramaniam, Jeevandeep Prakashan
2. Banking law and practice, P.N. Varshaney, Sultan Chand & Sons.
3. Introduction to banking, Dr. C.G. Vaidya Dr. J.K. Ghoda,AnmolPrakashan
Websites:
1. www.nsdl.co.in
2. www.cdsl.co.in
3. www.sraswat.com
QUESTIONNAIRE
Account?
What are the documents required while opening a Demat Account?
What are the precautions to be taken while opening a Demat Account?
What is the meaning of Dematerialisation?
What is the meaning of Depository Participant and Registar & Transfer Agent?
What is the meaning of Rematerialisation and how can it be dematerialized shares
rematerialized?
How the transfer of balances takes place?
When an account is freezed by the Depository Participant?
How can pledge or hypothecation be created on the security owned?
When an account is closed by the participant?