DEMAT SERVICES

SBI offers Demat services that would ensure free transferability of securities with speed, accuracy and security.
SBI is Depository Participant both with - National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL) through more than 1000 branches -

Features & Benefits

As opposed to the earlier form of dealing in physical certificates with delays in transaction, holding and trading in Demat form has the following benefits:

Account Maintenance & Safe custody:

Facilitates Maintaining Security Balance in electronic form.Dematerialization:
Facilitates converting physical share certificate into electronic balances.Rematerialization: Facilitates converting the electronic balances to physical (share certificate) form.
Account Transfers:
Facilitates delivery/receipt of electronic balances consequent to market / off-market trades.
Pledge/Hypothecation:
Facilitates blocking securities balance of borrowers in favour of lenders for obtaining Loans / advances against shares.
Initial Public offer:
Facilitates faster and direct credit of security balances into DP account on allotment through public issue of companies.
Disbursement of corporate benefits:
Facilitates faster and direct credit of security balance into DP account on account of non-monetary corporate benefits as bonus and rights issues.
Security Lending:
Facilitates earning extra income on your dematerialized holdings by the way of securities lending.
In fact what makes scripless holding in SBI DP account most attractive is the total ease of operation.
Once you open your account, you can easily convert your physical holdings to paperless form by surrendering your share certificate together with a Demat request form. Thereafter, on selling / purchasing securities, you only need to give an appropriate instruction to effect settlement.