- Corporate Office, High way, Mehsana - 384002
- info@mucbank.com
- 1800-233-6822 (MON - SAT: 10:30 - 18:00)(Except 2nd and 4th Sat)
"ATTENTION INVESTORS"
BANK provides depository services as a Depository Participant (SEBI Registration No : IN-DP-282-2016 ) with SEBI through Depository of NSDL. NSDL - India's first depository. You can avail all the Depository-related services by just opening a Demat account with NSDL through our BANK (Branches/ Demat Department, Head office, Mehsana).
With a wide range of depository-related services, BANK Demat Account makes it extremely convenient to manage securities, shares and transactions.
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.
Please submit copy of Aadhaar Card to the nearest DP servicing branch duly signed by holder(s) with a request on a plain paper, mentioning DP ID and Client ID (Demat account number), to update your Demat account with Aadhaar.
As part of Go-Green initiative, kindly update email ids, mobile numbers, bank account details in your demat account so as to receive all communication/ dividend, interest, redemption payment electronically with SMS alerts.
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
Dematerialisation: Facilitates converting physical share certificate into electronic balances.
Rematerialisation: Facilitates converting the electronic balances to physical (share certificate) form.
Account Transfers: Facilitates delivery/receipt of electronic balances consequent to off-market / market trades.
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.
IDeAS (Internet-based Demat Account Statement) is the facility for viewing balances and transactions in the demat account updated on an online basis with a delay of maximum 30 minutes. This facility is available to the Users of SPEED-e, Clearing Members who have subscribed to IDeAS and to those clients whose Participants are registered for IDeAS. A demat account holder or a Clearing Member will have the option to access IDeAS either as a Password or a Smart Card / e-Token User.
NSDL has launched a facility called IDeAS from January 1, 2004 for investors to view balances and transactions in demat accounts updated on an online but not real time basis. This facility is available to all the clients including Clearing Members (CMs) who have opened an account with any of the Participants under NSDL system.
For more information on IDeAS login to : https://eservices.nsdl.com and select IDeAS.
IDeAS https://eservices.nsdl.com is a secured Internet website set-up by NSDL for demat account holders (including CMs) to view latest balances and transactions in demat accounts.
Services under IDeAS are available to Clients as well as CMs. Clients/CMs who are desirous of using this service will be required to register as a 'User'. There are two types of Users viz., Password Users and Smart Card / e-Token Users.
CMs should fill-up the registration form for IDeAS available on IDeAS website ( https://eservices.nsdl.comclick on link to Downloads and select Application Form For CMs and Terms and Conditions for CMs) and send it to NSDL after obtaining their DP's attestation alongwith the subscription fee prevailing for the financial year. NSDL will provide the User-Id and Password and register the CM for IDeAS. Thereafter, with the User-Id and Password, CM can start using IDeAS.
e-Voting is voting through an electronic system on resolutions of company requiring members/shareholder's consent. The need for e-Voting arises when a company wishes to pass a resolution by Postal Ballot or Annual General Meeting or Extraordinary General Meeting.
Ministry of Corporate Affairs, Government of India has authorized NSDL for setting up an electronic platform to facilitate members / shareholders to cast vote in electronic form. e-Voting system created by NSDL is certified by Standardization Testing and Quality Certification (STQC) Directorate, Department of Information Technology, Ministry of Communications & IT, Government of India.
In addition to providing remote based evoting option, NSDL also facilitates companies to provide electronic voting option at meeting venue using portable devices like Tablets. Further, NSDL helps companies to conduct virtual meetings and live streaming of meeting proceedings.
Any company which wants to facilitate e-Voting can use NSDL's e-Voting system. This system is available for all the shareholders including those holding shares in demat form with NSDL or other depository and also those shareholders holding shares in physical form. Click here for details.
NSDL does not levy any fee or charge to shareholders for using e-Voting system.
Online Dispute Resolution (ODR) platform for online Conciliation and Arbitration
If the Investor is not satisfied with the resolution provided by DP or other Market Participants, then the Investor has the option to file the complaint/ grievance on SMARTODR platform for its resolution through by online conciliation or arbitration. [https://smartodr.in/register]
This is with reference to the notification and press release issued by the Ministry of Finance, Government of India & the Reserve Bank of India respectively, informing banks about Bank holidays on the Second and Fourth Saturday of the month. In view of this, as our Bank will not be working on the Second and Fourth Saturday of the month, Depository services will not be available to the Demat customers on these days.
While care has been exercised by The Mehsana Urban Co-Operative Bank Ltd. (DP) compiling Price / NAV / Face Value file, The Mehsana Urban Co-Operative Bank Ltd. does not warrant completeness or accuracy of information and disclaims all liabilities, losses and damages arising out of use of this information. For any specific/latest information, you may contact the respective Stock Exchange / Mutual Fund / Commodity Exchange.
If the DIS booklet is lost / stolen / not traceable by the account holder, the same must be intimated to the DP immediately by the account holder in writing.
Account holders are requested not to leave "blank or signed" DIS with the Depository Participants (DPs) or any other person/entity.
Instructions with same day execution date will be accepted at client's risk and responsibility without liability / claim on the bank.
Please strike-off the blank column which are not applicable on all the demat delivery instruction slips.
Customers are required to submit the Delivery Instruction Slip (DIS) for an "Off Market" Transaction along with the following details;
In terms of SEBI Circular No. SEBI/MRD/DEP/Cir-2/06 dated January 19, 2006 (www.sebi.gov.in), in respect of companies issuing shares by way of Initial Public Offer (IPO), the concerned ISIN under which the shares would be credited will be suspended at the time of crediting the shares (during the pre-listing period) and shall be activated only on the date of commencement of trading on the stock exchanges.
SEBI has commenced processing of investor grievances in a centralized web-based SEBI complaints redressal system, 'SCORES'. The investor grievances received by SEBI against DPs will be taken up electronically with the concerned Depositories through SCORES (https://scores.gov.in/Admin). The Depositories shall, in turn, take up the matter with the concerned DPs. This circular is available on SEBI website at www.sebi.gov.in under the categories "Legal Framework" and "Circulars".
Clearing Members are required to transfer Open Ended Mutual Fund units subscribed through the 'Order Entry Platform' of the Stock Exchanges within 1 working day after the pay-out.
For the benefit of Demat customers a separate email ID : demat@mucbank.com has been created for the purpose of addressing Queries, Feedback, Information, Suggestions etc. and the email ID : ifc@mucbank.com would be exclusively used for addressing Complaints / Grievances.
In case of no debit transactions carried out in the demat account for a continuous period of 6 months, then such accounts are treated as 'Dormant'. The account holder of such dormant accounts are advised to visit the branch personally for submitting the instructions for transfer of securities. If instruction is submitted through bearer, then please contact the branch where instructions are submitted to provide your confirmation of the transaction from your Demat Account.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
Investor Charter of DPThe Know Your Client (KYC) rule is an ethical requirement for those in the securities industry dealing with customers during the opening and on-going maintenance of accounts. It is implemented at the onset of the customer-broker relationship to establish the essential personal profile of each customer before any financial recommendations are made. The customer is also made aware of the need to comply with all the laws, regulations, and rules of the securities industry.
Know Your Client (KYC) means identifying and verifying the client’s identity and the identity of the beneficial owner through documents submitted for Proof of identity (POI) and Proof of Address (POA) and compliance with rules, regulations, guidelines prescribed under Prevention of Money Laundering Act from time to time.
The Know Your Client (KYC) verification is a set of standards and requirements used in the investment and financial services industries to ensure brokers have sufficient information about their clients, their risk profiles, and their financial position.
The Prevention of Money Laundering Act, 2002 (PMLA) along with the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 (PML Rules) are the principal laws enacted to prevent money laundering activities in India. As per PMLA rules, brokers and depository participants are required to perform client due-diligence and required KYC records of the clients.
Client can complete their KYC verification through physical & online KYC process. Goldmine provided both online & physical KYC facility to the investors.
More about KYC investor refer SEBI's KYC Norms - SEBI - FAQs (https://www.sebi.gov.in/sebi_data/faqfiles/may-2024/1715694256793.pdf)
KYC Registration Agencies (KRAs) is a unique centralized KYC framework developed and operated by Institutional & SEBI Registered entities under SEBI KRA Regulations 2011 which ensures a central storage of undated and verified KYC information and documents of every investor so that;
if investor information is updated at any intermediary touch point, the same is updated across all his / her accounts / relationships in securities’ markets such as demat accounts / trading accounts / mutual fund folios etc.
KRA (Know Your Client) Registration Agency is a SEBI registered intermediary to maintain KYC records of clients and provides centralization of KYC of the client.
KRA Validation refers to the process of verifying and validation the KYC attributes of KYC records stored in the KRA.
KRAs facilitate the clients to check their KYC status on the KRA website. The different KYC status and implications thereto are also available on the KRAs website.
Enter your 10-digit Pan and captcha and click on submit
Your KYC Status will be displayed as "KYC Validated / Registered / on-Hold/ or Rejected"
| KRAs | KYC Status Link | KYC Validation Link |
|---|---|---|
| CVL | https://www.cvlkra.com/ | https://validate.cvlindia.com/CVLKRAVerification_V1 |
| NDML | https://www.nsekra.com | https://kra.ndml.in/ClientInitiatedKYC-webApp/#/ClientinitiatedKYC |
| DOTEX | https://www.nsekra.com | https://www.nsekra.com |
| CAMS | https://www.camsonline.com/Investors/Transactions/KYC/About-KYC | https://camskra.com/PanDetailsUpdate.aspx |
| KARVY | https://www.karvykra.com/KYC_Validation/Default.aspx | https://www.karvykra.com/KYC_Validation/Default.aspx |
KYC Validated
Over 73% of investors are KYC Validated; you too are one of them.
You can do any transaction in any mutual fund, anytime
For more information please ref. Press Release (https://kra.ndml.in/kra-web/jsps/menu/Downloads.htm) by KRA Agencies on KYC information
