WELCOME TO UNION DEMAT

Union Bank of India now offers you the power of the value added, service oriented Demat Account- Union Demat. Union Bank is a Depository Participant (DP) of both (Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL).

To cater to your individual needs as diverse as your portfolio, Union Demat will empower you with hassle-free, fast and accurate electronic transactions. Plus you get Union Bank’s quality service which you are used to at all times.

UNION DEMAT: Conduct hassle-free transactions of your shares. Manager your securities at your fingertips.

WHY YOU NEED UNION DEMAT

Today, physical securities are converted to electronic book entries by a Depository. Union Bank of India as a Depository Participant will deliver and or receive securities on your behalf using your Union Demat account. According to the Depository Act 1996, the investor has the option to hold shares either in physical or electronic mode. However, subsequent SEBI guidelines prohibit the transfer of physical shares hence dematerialization of shares is a must. Hence, a Demat account is a must for trading and transacting shares and other dematerialized securities.  

WHO CAN OPEN A UNION DEMAT ACCOUNT?

An individual, Non-Resident Indian, Foreign Institutional Investor, Foreign National, Corporate, Trusts, Clearing Houses, Financial Institution, Clearing Member, Mutual fund and Bank can open a Union Demat Account.

THE PROCEDURE FOR OPENING A UNION DEMAT ACCOUNT

There are three ways a demat Account can be opened:

1. 1. Existing customer of the Bank can self-open the account through Internet Banking.
2. 2. Existing customer can visit the bank branch and fill a two-page simplified account opening form. The demat account can then be opened in CBS by the branch.
3. 3. Customer can visit the Bank branch and fill the detailed account opening form in case:
   1. a. The demat account needs to be opened in an order other than the existing order of savings account.
   2. b. A new customer wants to open the savings bank account as well as Demat account.

This form is verified by the branch and sent to the Merchant Banking Division at Fort, Mumbai for opening of demat account.

 

DEMAT account number is generated instantly for all the accounts opened through Internet Banking and accounts opened through CBS will be activated very next day. Trading accounts can be opened with our trading partners using the dedicated Web links or through their Relationship Managers.

 

DEMAT ACTIVITY INCLUDES

Opening Demat Accounts

Dematerialization

Rematerialization

Transfer of Securities

Mutual fund Repurchase / Redemption

Transmission of Securities

Pledge and Hypothecation

Client Master Maintenance

Demat Account Closure

Corporate Action Execution

DOCUMENTS REQUIRED

2 Latest photos

Address proof Copy

PAN Card Copy

ONLINE TRADING ACCOUNTS:

Presently we have tie up with the following trading partners through which we Facilitate trading activities:

1. a. SMC Global Securities Limited. (https://smconline.smcindiaonline.co.in:6060/)
2. b. GeojitFinancial Services Ltd. (www.geojit.com)
3. c. 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.

NOTE

For all demat account opening and related queries, please contact your nearest branch or drop an E-Mail to : [email protected] (for NSDL),  [email protected] (for CDSL) and [email protected] (for general queries).

UNION DEMAT is one more value-added service offered by Union Bank of India for you, our valued customer. We have always focused on customer service and satisfaction. We are committed to meeting all your needs and would only be 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”.