Account opening process
This is the first process of any investor. The process of account with the depository
through a DP is similar to opening an account with a bank.
Procedures:
Procedures:
Approach DP
Fill up an account opening form
Sign a standard agreement when all processing completed then he is invested capital market.
*Investors purchase shares in any of the stock exchanges connected to depository through
*Investors purchase shares in any of the stock exchanges connected to depository through
*a broker of his choice and makes payment to his broker.
*Broker arranges payment to clearing house.
*Broker receives credit on his clearing account with his DP on the pay-out day.
*Broker gives instruction to his DP to debt his clearing account and credit’s account.
*Investors gives instruction to his DP for receiving credit in his investor account.
*If the instructions match investors account with his DP is credited.
