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Andhra Bank


Andhra Bank

DMAT Account Service


A Quality Product from
Andhra Bank [View Profile]
Hyderabad - India

Description :
Andhra Bank now offers you the power of the value-added, service-oriented Demat account-AB Demat. Andhra Bank is Depository participant of Central Depository Services Ltd (CDSL). DP ID No: 13040800 and National Securities Depository Services Ltd (NSDL)- DP ID No. IN303204 To cater to your individual needs as diverse as your portfolio, AB Demat will empower you with hassle-free, fast and accurate electronic transactions.

Who can open AB Demat Account ?

An individual, Non-Resident Indian, Foreign Institutional Investor, Foreign National, Corporate, Trusts, Clearing Houses, Financial Institution, Clearing Member, Mutual Funds, Banks.

The Procedure for Opening AB Demat Account

You just have to fill up an Account Opening Form, submit a photograph of the applicant along with copiesd of address proof i.e. a photocopy of driving license / Election ID Card / passport/Voter Card/Electricity bill( recent) or Telephone bill(land line, not older than 2 months) and Your Bank account statement/Pass Book copy. Your Demat account number will be intimated to you immediately on the completion of processing of your application. PAN Card Compulsory as sole identity proof as per SEBI guidelines.

Besides, you also get additional benefits designed for your convenience. You will receive Transaction Statements and all other additional statements from time to time. Nomination facility, Freezing / Defreezing facility is also available.

Demat Activity include:

Opening and maintaining of Demat Accounts





Pledging and unpledging

Safe custody

View Complete Catalog

Andhra Bank

NRI Services: -Particulars of NOSTRO Accounts Maintained by International Banking Division Mumbai. -List of branches authorised to handle / transact foreign Exchange. -Mandatory fields for Wire Transfer of funds in EUR to any Branches of Andhrabank. -Mandatory fields for Wire Transfer of funds in GBP to any Branches of Andhrabank. -Mandatory fields for Wire Transfer of funds in USD to any Branches of Andhrabank. International Business Services: Exporters: -Advising Letters of Credit established by foreign buyers -Obtaining Credit Report on buyers abroad -Negotiation of documents under Letters of Credit Collection of Bills -Packing Credit Finance in Indian Rupees -Packing Credit Finance in Foreign Currencies -Export Earners' Foreign Currency Account -Forward Exchange cover. Importers: -Opening Letters of Credits on behalf of Bank's Constituents -Issue of Bank Guarantees on behalf of Bank's Constituents -Collection of Bills -Obtaining reports on Exporters/Sellers abroad -Facility for remittance of proceeds by Mail Transfer/Teletransfer/Swift -Import loans in Foreign Currency -Loans for import of capital goods. Student Services, Services to International Tourists, Services to Businessmen, Services for Medical Treatment Abroad.

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