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What is a Depository?

A depository is an organisation which holds securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronic form at the request of the investors through a registered depository participant. It also provides services related to transactions in securities.

Who is a Depository Participant?

A Depository Participant (DP) is an agent of the depository and is authorized to offer depository services to investors. According to SEBI guidelines, financial institutions, banks, custodians, stockbrokers, etc. can become DP with a depository.

Which are the Depositories in India?
  • Central Depository Services (India) Limited (CDSL) Promoted by BSE, BOI, BOB, SBI and HDFC Bank
  • National Securities Depository Limited (NSDL) Promoted by UTI, IDBI and NSE
What are the activities performed by the depository participant?

The services performed by the Depository Participant are listed below:

  • Account Opening & Maintenance
  • Dematerialization of Securities & Mutual Funds
  • Rematerialization of Securities & Mutual Funds
  • Transfer of Securities & Mutual Funds
  • Pledging / Unpledging / Invocation of Securities
  • Freeze/ Un-Freeze account
  • Account Modification
  • Account Closure
  • EASI Facility (For CDSL DP)
  • Registration of RGESS (Form A) & Release of Stock from RGESS (Form B).
What is the settlement cycle for share payin and payout?

In case you purchase or sell the shares the same is credited or debited from your demat / Trading account T+2 settlements.

What is CM BP ID?

CM BP ID stands for Clearing Member Business Partner ID. The client gets the CM BP Id from the clearing house at the time of registration.

What are the timings of share payin?

In case you have sold some shares in the market then you need to ensure that the shares are transferred from your demat account to Pay in account of clearing house or from the broker pool account to the clearing house before 10:30 am on pay-in day.

What is the use of POA?

On the base of POA (Power of Attorney) given & Signed by client at the time of account opening or Separately, SATCO Can debit the shares from client’s demat account to settle the pay-in obligation.

What is delivery instruction slip and what is its purpose?

Delivery Instruction Slip (DIS) is an instrument to get shares transferred electronically from one account to another within the same Depository or Inter-Depository and also to respective Exchanges for pay in purpose. Clients who have not provided POA a manual DIS slip has to be duly executed and submitted to SATCO.

What is the process for transfer of shares?
  • You can send the requests of transferring shares from one Demat account to another by filling Delivery Instruction Slip (DIS).
  • You can submit the DIS at your nearest branch or send directly at the below mentioned address:
  • Submit the documents at the below address:

    DP Department Satco Capital Markets Limited 17, Nobel Chambers, Ground Floor, Janmabhoomi Marg, Fort, Mumbai-400001
What is 'on market’ transfer?

Any transaction involving delivery of securities to a clearing corporation / Clearing House for sale of securities done on a stock exchange platform is termed as ‘On Market’ transaction.

What is 'off market' transfer of shares?

Off Market transaction is one which is settled directly between two persons where Clearing Corporation / Clearing House is not involved

What is the procedure to be followed for getting a new delivery instruction slip book?
  • For issuance of a new Delivery Instruction Book, you need to submit a Physical copy the Signed DIS Requisition slips from the Existing DIS Booklets.
  • If the DIS is lost or stolen, you need to submit the DIS requisition form. (Click here to download).
  • Submit the self-attested PAN card copy or any other identity proof.
  • You can submit the documents at your nearest branch or to RM or send directly at the below mentioned address:

    Department Satco Capital Markets Limited 17, Nobel Chambers, Ground Floor, Janmabhoomi Marg, Fort, Mumbai-400001
  • Identity proof of the third party submitting the DIS slip is mandatory
What is pledging of securities?

Securities held in a depository account can be pledged to avail of loan/credit facility. Pledge of securities in CDSL/ NSDL depository requires that both the borrower and the lender should have account within a same Depository either in NSDL or CDSL

What is the procedure to Pledge the shares?
  • If you want to pledge your shares with the bank then you will have to make an agreement with the bank.
  • After the agreement is done, an agreement number is mentioned in the Pledge Request Form which has to be sent to DP
  • Pledgor and the Pledgee must have a beneficial account with the same depository as interdepository pledge is presently not permitted
  • DP department once verifies the request form their end & Initiate the Pledge creation. Then after Pledgee (Counterparty Account holder) requires Accept/Confirm the pledge creation on the basis of Generated Pledge Order no. to complete the Pledged Transaction. Pledged shares remain in Pledgor’s demat account under the Pledged lock in status which is nontransferrable till Pledged shares is closed/Released.
  • For pledging the shares entire stock has to be there in your bank account. Partial pledging will not allowed.
What is un-pledge of securities?

Un-pledge of securities is release of securities from Pledgee on repayment of the loan/credits by the pledgor.

What is the procedure to un-pledge the shares??
  • If you want to un-pledge shares, you need to submit an Un-pledge Request Form to DP.
  • DP will first check the pledge sequence number which is mentioned on the Un-pledge form & initiate the Pledge Closure request.
  • If bank/ pledgee confirm the closure request vide pledge sequence number then those shares are unpledged in Pledgors demat account in free balance
What are the statements that are provided by IIFL to the registered email id?

SATCO sends DP Transaction + Holding + Bill statement (monthly) to your registered email id.

What is Dematerialization of Securities?

Dematerialization is the process by which you can get physical share certificates converted into electronic form.

What is the process involved in Dematerialization?

You need to submit Dematerialization Request by sending a duly filled up Dematerialization Request Form (DRF) to the DP along with the original certificates of securities to be dematerialized. If the shares are held in maiden name then the client needs to submit marriage certificate along with DRF. You need to submit DRF which you will receive from your nearest branch or HO.

What is transposition?
  • Transposition means to change the order of holders of the shares i.e. the first holder may become second holder or third holder and vice versa.
  • So if name of the holders in demat account and physical form is not in order then transposition form must be filled.
  • For E.g.: The securities held by A B & C can be dematerialized in an account opened in the combination of A C & B, B C & A, B A & C, C A & B, and C B & A by submitting a transposition form with the demat request form.
  • Click here to download CDSL Transposition form
What is transmission?

Transmission is the process by which securities of a deceased account holder are transferred to the account of the surviving joint holder(s)/nominee/legal heirs of the deceased account holder by Submission of Notarized death certificate along with the relevant legal documents. If the account is joinlty held and one of the joint holder is deceased than shares will be transmitted to the single holder/ surviving holder.

What is rematerialization of securities?

Rematerialization is the process by which you can get your electronic holdings converted into physical certificates.

What is inter-depository sell?

Transfer of securities from an account in one depository to an account in another depository is termed as an inter-depository transfer.

What is EASI facility?

EASI: This is a facility introduced by CDSL for the clients to view holdings and transaction directly on

What is the process involved in Re-materialization?

You need to submit Rematerialization Request by sending a duly filled & singed Re-materialization Request Form (RRF) by account holder (s) to the DP on the below :-

To, SATCO Capital Markets Ltd, 17, Nobel Chambers, Ground Floor, Janmabhoomi Marg, Fort, Mumbai-400001

From where can Re-materialization Request form can be downloaded?

You can download the Re-materialization Request form (RRF) from the below link or coordinate with your branch for the Remat Request form. CDSL :

Procedure for Demat account closure?

You have to submit a demat closing form to your DP to close your account. If the account is jointly hold signatures of all the holders in the closing form is mandatory.

How to transfer your Demat account from one DP to another DP

If the client has 2 Demat accounts in two separate DPs the client can transfer the stock from one DP to another without filing the DIS slip.

The client has to submit the client master form from DP where your account is to be transferred along with an account closing form. The client master form should bear the rubber stamp of the DP and must be duly signed by the DP official.

Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the 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. |  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.
Dear Client, Pursuant to SEBI regulation, update your KYC details through KRA form with supporting documents at earliest to complete KYC-KRA requirement. If already submitted, kindly ignore. For any information, in this regard, please contact to our KYC Department on 022-66556772/73/74 or email at
● Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.     ● Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.     ● Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.    .......... Issued in the interest of Investors          
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