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FAQs on DP Account

DP Account

POA stands for Power of Attorney in DP account where in beneficial Owner appoint Angel broking as a lawful attorney on behalf of him/her for the purpose of Auto Pay-in of shares to exchange to discharge the settlement obligations in respect of securities sold by him/her or for the purpose of providing margin in respect of trading position taken up by BO. Please refer to the POA form in our KYC application for further details.

Yes, he can be a nominee to your demat account and since he is a minor, you need to provide guardian details for him in the KYC.

Transmission means transfer of securities from one demat account to new demat account due to the death of the sole account holder. Transmission can be applied by Nominee / Successor / Guardian of the successor or nominee (In case of Minor)

No, Nomination for Demat Account is an optional facility for client.

easi is a facility from CDSLwhere in a client can view his/her ISIN balances, transaction and value of the portfolio online through CDSL's website:

"In accordance with the SEBI circular CIR/MRD/DP/22/2012 dated August 27, 2012, with effect from October 1, 2012, all the Sole or First demat account holders, having value of securities not exceeding Rupees Two Lakhs, are eligible and have an option, to convert their existing demat account into Basic Services Demat Account (BSDA) at the time of AMC renewal by agreeing to certain terms and conditions as and further agree to pay charges for BSDA as mentioned in Schedule of Charges.* Procedure to opt for BSDA facility during account opening - Client need to provide 2 set of supplementary forms “DECLARATION FORM” and “TARIFF SHEET” duly signed and send it along with the KYC form."

Yes, you can do so by filling up the tariff sheet duly signed and by submitting the same to Angel branch.

You will get your DP statements on Quarterly basis.

Yes, even if there are no transactions executed in your account, you will be charged with the Account Maintenance Charges.

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