Attention Investors
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.
Prevent Unauthorized Transactions in your demat account - Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day issued in the interest of investors.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
Schedule of Charges for Depository Services
Transaction Limits (Per Day)
| S.No | FEE HEAD | FEES |
|---|---|---|
| 1 | Account Opening and Closing | Nil |
| 2 | Stamp Duty, if any | Actual |
| 3 | DEMAT | Rs.2 per certificate with a minimum of Rs.100/- plus actual postage charges (subject to a minimum of Rs.50/-) |
| 4 | Account Maintenance Charges (AMC) Resident Individual and HUF | Rs.250 Per Annum (upfront) |
| Senior Citizen & Staff | Rs.125 Per Annum (upfront) | |
| Others | Rs.500 Per Annum (upfront) | |
| BSDA | NIL up to Rs.4,00,000 Rs.100 / annum Rs.4,00,001 to Rs.10,00,000 Rs.250 / annum Above Rs.10,00,000 | |
| 5 | Transaction (Market, Off Market and Inter Depository) (includes transfer to own account) Sell (Market) | Rs.15 per transaction |
| Sell (Off-Market) | Rs.15 per transaction or 0.01% of the market value (whichever is higher) upto a maximum of Rs.250/- | |
| Buy | Nil | |
| 6 | Pledge Creation | 0.02% of Market value with a minimum of Rs.25 per transaction |
| 7 | Pledge Closure | 0.02% of Market value with a minimum of Rs.25 per transaction |
| 8 | Pledge Invocation | Rs.20 per transaction |
| 9 | Remat | Rs.15 + Actual Postage Charges (Subject to a minimum of Rs.50/-) |
| 10 | Securities Lending / Borrowings | Rs.25 per transaction |
| 11 | Failed Instruction Charges | Rs.10 per transaction |
| 12 | SELL (Market and Off-Market) | Rs. 4.00 Per Debit Instruction |
| 13 | Rematerialisation | Rs.10/- for every hundred securities or part thereof with a minimum of Rs.10/- |
| 14 | Pledge Creation | Rs.25/- per Instruction |
Conditions
Tamilnad Mercantile Bank Ltd – Your Trusted Depository Participant with NSDL.
Tamilnad Mercantile Bank Ltd is an accredited depository participant registered with NSDL (National Securities Depository Limited), offering reliable and secure demat services.Our charges are highly competitive, and we pride ourselves on delivering prompt and seamless service.
Our demat account is designed to match your investment volume and frequency of transactions.
Choose Tamilnad Mercantile Bank Ltd – Where convenience meets confidence.
Speed-e & IDeAS for Demat account
TMB gladly introduces one more facility called SPEED-e and IDeAS from Nov 23, 2006. This facility will facilitate our clients to submit delivery instructions (Debit instructions) and view their demat account maintained with us online.
More complete details of this new service are available under this service document.
Online share trading
The bank has entered into tie-up arrangement with M/s. Religare Securities Ltd. for opening online share trading accounts with competetive brokerage structure. For more information please visit
Online Share Trading Platform.
For the Multi-level complaint resolution mechanism available at the Depositories
Offline share trading
The bank has entered into tie-up arrangement with M/s. Religare Securities Ltd. for opening offline share trading accounts with competitive brokerage structure. Note: From such Religare Trading Accounts, the bank receives 50% of the commission received from the customer.
Designated branches for Demat services
The following are the 76 branches that are currently authorized to offer / provide Demat Services to the customers.
Designated branches
Mutual fund holdings for Demat account
Please click this button for answers to your questions regarding transferring MF Holdings in Demat Account.
Demat account downloads
- Click Here Demat Account Opening Form
- Click Here Physical Shares Dematerialisation Request Form
- Click Here Demat Account Customer Rights and Obligations
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.
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 in the link https://nsdl.co.in/dpsch.php
Services offered by the Depository to investors through Depository Participants (DPs)
| S.No. | Brief about the Activity / Service | 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 |
(2) Depositories provide special services like pledge, hypothecation, internet based services etc. in addition to their core services and these include
| S.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) b. Transposition cum dematerialization c. Linkages with Clearing System d. Distribution of cash and non-cash corporate benefits. |
| 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: e. E-account opening f. Online instructions for execution g. e-DIS / Demat Gateway h. e-CAS facility i. Miscellaneous services |
Details of Grievance Redressal Mechanism
(1) The Process of investor grievance redressal
| S.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: . Electronic mode - i. SCORES (a web based centralized grievance redressal system of SEBI) [https://scores.sebi.gov.in/] Filling complaints on SCORES- Easy & Quick a. Register on SCORES portal b. Mandatory details for filling complaints on SCORES i. Name, PAN, Address, Mobile Number, E-mail ID c. Benefits: i. Effective Communication ii. Speedy redressal of the grievances SEBI has issued Master Circular on Online Resolution of Disputes in the Indian Securities Market vide its Circular No.SEBI/HO/OIAE_IAD-1/P/CIR/2023/145 dated July 31,2023. For more information, Investors may refer the SEBI circular ii. Online Dispute Resolution platform (ODR) for online Conciliation & arbitration - SMART ODR Website iii. Respective Depository’s web portal dedicated for the filing of compliant [https://investor.nsdl.com/portal/en/home] iv. Emails to designated email IDs of Depository The complaints/ grievances lodged directly with the Depository shall be resolved within 21 days. |
| 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). |
For the Multi-level complaint resolution mechanism available at the Depositories
Guidance pertaining to special circumstances related to market activities: Termination of the Depository Participant
| S.No. | Type of special circumstances | Timelines for the Activity/ Service |
|---|---|---|
| 1 | o 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. o 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. |
