Open An Account

3 in 1 INDIAN BANK & ITS SUBSIDIARY INDBANK MERCHANT BANKING SERVICES LTD. (IBMBS)

UNDER THE ABOVE PRODUCT A CUSTOMER OPENS A SAVINGS/ CURRENT ACCOUNT WITH INDIANBANK WHICH IS LINKED/ MAPPED TO A DEMAT ACCOUNT AND A TRADING ACCOUNT WITH INDBANK MERCHANT BANKING SERVICES LTD.


A DEMAT ACCOUNT IS NEEDED BECAUSE:

a. IT IS A MUST TO APPLY IN INITIAL PUBLIC OFFICER (IPO), OFFER FOR SALE (OFS), FOLLOW ON OFFER ETC.

b. IT IS ALSO A MUST TO CONVERT PHYSICAL SHARES INTO DEMATERIALIZATION FORM TO SELL THE SHARES.

c. BONUS/DIVIDEND/RIGHT SHARES/ SPLIT SHARES ALLOTTED TO AN INVESTOR ARE AUTOMATICALLY CREDITED IN TO THE DEMAT A/C.

d. INVESTMENTS IN DEMATERIALIZATION FORM ARE SAFE, SECURE, CONVENIENT, AND FORGERY/RISK FREE.

e. TRANSACTION COST IN A DEMAT A/C IS VERY LOW AND HASSLE FREE COMPARED TO PHYSICAL FORM.