Union Bank of India offers you the power of the value-added, service-oriented Demat account - Union Demat. Union Bank is a Depository participant of Central Depository Services Ltd. (CDSL) and National Securities Depositories Ltd.(NSDL).
We cater to your individual needs on investment in equity/ debt in secondary market as per diversityin your investment portfolio. Union Demat empowers you with hassle-free, fast and accurate electronic transactions.
Today, physical securities are converted to electronic book entries by a Depository. Union Bank of India as a Depository Participant delivers and/or receives securities on your behalf using your Union Demat account. As per the Depository Act 1996, the investor has the option to hold shares either in physical or electronic mode. SEBI has notified that all the transactions will take place only in the electronic mode. Thus, you need Union Demat to transact the securities. However, you can later rematerialise the electronic securities and hold them in physical form.
An individual, Non-Resident Indian, Foreign Institutional Investor, Foreign National, Corporate, Trusts, Clearing Houses, Financial Institution, Clearing Member, Mutual Funds, Banks and Other Depository Account.
You have to fill up a Demat Account Opening Form, submit two photographs of the applicant along with self-attested photocopy of PAN Card/Driving Licence / Election ID Card / Passport/ UID and your Demat account number will be intimated to you on your registered mobile number and email id immediately on completion of processing of your application.
You get additional benefits designed for your convenience. You will receive Transaction and Holding Statements as per CDSL and NSDL Guidelines. Nomination facility, Freezing / Defreezing facility etc are also available.
Opening and maintaining of Demat Accounts
Pledging and unpledging
Submit the application form in a prescribed format to the branch.
Mention beneficiary bank and branch name with Indian Financial System Code (IFSC). The beneficiary bank's branch should be registered with the Reserve Bank of India under its RTGS system.
Message will be sent in electronic form in a highly secured manner through Reserve Bank of India to beneficiary bank’s branch.
Credit to beneficiary’s account will be made within 2 hours from the receipt of message by the beneficiary's banker.
UNION DEMAT is one more value-added service offered by Union Bank of India for you, our valued customer. We have always focussed on customer service and satisfaction. We are committed to meeting all your needs, and would only be too glad to tell you more about Union Demat. So come, let us enter a new phase in securities management and dematerialize financial assets the “Union Demat” way.
All our Demat account holders can avail the net-based facilities ‘Easi’ & ‘Easiest’ provided by CDSL and NSDL ‘Ideas’ & ‘Speed-e’
For further details, please contact the nearest Branch or send an E-mail at:
To prevent Unauthorized Transactions in your demat account - Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile no. And email ids for all debit and other important transactions in your demat account directly from CDSL/ NSDL on the same day.
" 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".
Union e-Demat offers you online access to your Demat account through a single log-in to its internet banking service. You are able to do the following:
1. See your Account Details
2. See your Demat Holdings
3. Get the statement of Account for a period
4. See Billing Details
5. Request for slip book
6. Report loss of slip
All that you need to have to avail this service is the access to the internet banking service of Bank, Union e-Banking, which is given free of cost to customers of Bank’s CBS branches. Visit your branch and request internet banking facility. We will make available the entire information on your Demat account on 24x7 basis.
For further details, please send an E-mail at : email@example.com
Presently we have tie up with the following trading partners through which we
Facilitate trading activities
SMC Global Securities Limited. (www.smctradeonline.com)
Sharekhan Ltd. (www.sharekhan.com)
IDBI Capital Ltd. (www.trade.idbicapital.com)
GeojitFinancial Services Ltd. (www.geojit.com)
ReligareBroking Ltd. (www.religareonline.com)
This facility lets you trade in the comfort of your home or office. No need to give Cheque/ Drafts. You can trade with complete ease without needing the assistance of others.
Copyright © 2021 Union Bank of India. All rights reserved
For more information about SUD Life Insurance products click here