Investor Charter of Depository Participant
Our Vision
Towards making Indian Securities Market ‐ Transparent, Efficient, & Investor friendly by providing safe, reliable, transparent and trusted record keeping platform for investors to hold and transfer securities in dematerialized form.
Our Mission
- To hold securities of investors in dematerialised form and facilitate its transfer, while ensuring safekeeping of securities and protecting interest of investors.
- To provide timely and accurate information to investors with regard to their holding and transfer of securities held by them.
- To provide the highest standards of investor education, investor awareness and timely services so as to enhance Investor Protection and create awareness about Investor Rights.
Details of business transacted by the Depository and Depository Participant (DP)
- A Depository is an organization which holds securities of investors in electronic form. Depositories provide services to various market participants ‐ Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors in both primary as well as secondary markets. The depository carries out its activities through its agents which are known as Depository Participants (DP).
- Details available on the links below:
Description of services provided by the Depository through Depository Participants (DP) to investors
SL No
Brief about the Activity
Expected Timelines for processing by the DP after receipt of proper documents
| 1. | Dematerialization of securities | 7 days |
| 2. | Rematerialization of securities | 7 days |
| 3. | Mutual Fund Conversion / Destatementization | 5 days |
| 4. | Re-conversion / Restatementisation of Mutual fund units | 7 days |
| 5. | Transmission of securities | 7 days |
| 6. | Registering pledge request | 15 days |
| 7. | Closure of demat account | 30 days |
| 8. | Settlement Instruction | Depositories to accept physical DIS for pay-in of securities upto 4 p.m. and DIS in electronic form upto 6 p.m. on T+1 day |
SL No
Type of Activity /Service
Brief about the Activity / Service
| 1. | Value Added Services | Depositories also provide value added services such as a. Basic Services Demat Account (BSDA) 1 d.Distribution of cash and non-cash corporate benefits (Bonus, Rights, IPOs etc.), stock lending, demat of NSC / KVP, demat of warehouse receipts etc. |
| 2. | Consolidated Account statement (CAS) | CAS is issued 10 days from the end of the month (if there were transactions in the previous month) or half yearly (if no transactions). |
| 3. | Digitalization of services provided by the depositories | Depositories offer below technology solutions and e-facilities to their demat account holders through DPs: a. E-account Opening 4 b. Online Instruction for execution 5 c. e-DIS/Demat Gateway 6 d. e-CAS facility 7 e.Miscellaneous services 8 |
Details of Grievance Redressal Mechanism
SL No
Type of Activity /Service
Brief about the Activity / Service
| 1. | Investor Complaint/ Grievances | Investor can lodge complaint/ grievance against the Depository/DP in the following ways: a. Electronic mode ‐ iii. Emails to designated email IDs of Depository for NSDL: relations@nsdl.co.in The complaints/ grievances lodged directly with the Depository shall be resolved within 30 days. b. Offline mode [details of link to the form to be provided by DPs] |
| 2. | Investor Grievance Redressal Committee of Depository | If no amicable resolution is arrived, then the Investor has the option to refer the complaint/ grievance to the Grievance Redressal Committee (GRC) of the Depository. Upon receipt of reference, the GRC will endeavor to resolve the complaint/ grievance by hearing the parties, and examining the necessary information and documents. |
| 3. | Arbitration proceedings | The Investor may also avail the arbitration mechanism set out in the Byelaws and Business Rules/Operating Instructions of the Depository in relation to any grievance, or dispute relating to depository services. The arbitration reference shall be concluded by way of issue of an arbitral award within 4 months from the date of appointment of arbitrator(s). |
Guidance pertaining to special circumstances related to market activities: Termination of the Depository Participant
SL No
Type of special circumstances
Timelines for the Activity/ Service
| 1. | Depositories to terminate the participation in case a participant no longer meets the eligibility criteria and/or any other grounds as mentioned in the bye laws like suspension of trading member by the Stock Exchanges. Participant surrenders the participation by its own wish. | Client will have a right to transfer all its securities to any other Participant of its choice without any charges for the transfer within 30 days from the date of intimation by way of letter/email. |
Investor Complaints Data ‐ Depository Participants Data
| SL No | Received from | Carried forward from previous month | Recieved During the Month | Total Pending | Resolved* | Pending for less than 3 months | Pending for more than 3 months | Average Resolution time^ (in days) |
|---|---|---|---|---|---|---|---|---|
1 | Directly from Investors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2 | SEBI (SCORES) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 | Depositories | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
4 | Other Sources (if any) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
5 | Grand Total | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trend of monthly disposal of complaints- DP
| SL No | Month | Carried forward from previous month | Received | Resolved* | Pending** |
|---|---|---|---|---|---|
1 | January-2023 | 0 | 0 | 0 | 0 |
2 | February-2023 | 0 | 0 | 0 | 0 |
3 | March-2023 | 0 | 0 | 0 | 0 |
4 | April-2023 | 0 | 0 | 0 | 0 |
5 | May-2023 | 0 | 0 | 0 | 0 |
6 | June-2023 | 0 | 0 | 0 | 0 |
7 | July-2023 | 0 | 0 | 0 | 0 |
8 | August-2023 | 0 | 0 | 0 | 0 |
9 | September-2023 | 0 | 0 | 0 | 0 |
10 | October-2023 | 0 | 0 | 0 | 0 |
11 | November-2023 | 0 | 0 | 0 | 0 |
12 | December-2023 | 0 | 0 | 0 | 0 |
13 | January-2024 | 0 | 0 | 0 | 0 |
14 | February-2024 | 0 | 0 | 0 | 0 |
15 | March-2024 | 0 | 0 | 0 | 0 |
16 | April-2024 | 0 | 0 | 0 | 0 |
17 | May-2024 | 0 | 0 | 0 | 0 |
18 | June-2024 | 0 | 0 | 0 | 0 |
19 | July-2024 | 0 | 0 | 0 | 0 |
20 | August-2024 | 0 | 0 | 0 | 0 |
21 | September-2024 | 0 | 0 | 0 | 0 |
22 | October-2024 | 0 | 0 | 0 | 0 |
23 | November-2024 | 0 | 0 | 0 | 0 |
Trend of annual disposal of complaints- DP
| SL No | Year | Carried forward from previous year | Received during the year | Resolved during the year | Pending at the end of the year |
|---|---|---|---|---|---|
1 | 2017-18 | 0 | 0 | 0 | 0 |
2 | 2018-19 | 0 | 0 | 0 | 0 |
3 | 2019-20 | 0 | 0 | 0 | 0 |
4 | 2020-21 | 0 | 0 | 0 | 0 |
5 | 2021-22 | 0 | 0 | 0 | 0 |
6 | 2023-24 | 0 | 0 | 0 | 0 |
8 | 2024-2025 | 0 | 0 | 0 | 0 |
Grand Total | 0 | 0 | 0 | 0 |
Contact us
Have an inquiry? We’ll be happy to assist you
033-40266326
23, R.N Mukherjee Road, BNCCI House, 4th Floor,
Kolkata-700001