Demat Account

Demat Account

RBL Bank offers Depository services for the benefit of its customers. Through this facility, customers can hold their securities in electronic form with Central Depository Services (India) Ltd (CDSL) and/or with National Securities Depository Limited (NSDL). Customers of the bank can open Demat account through our Designated branches which serve as Service Centers. Refer our List of DP Service Centers below.

Key Features

• Bring order to your investments and invest with ease: Demat services allow you to keep all your holdings, from IPOs to mutual funds, shares, and bonds, in a convenient electronic format.
• Keep a close watch on your investments: No more guesswork. Your Demat Account makes it simple and secure to track your investments, so you can stay on top of your portfolio.
• No physical paperwork hassle: Say goodbye to the hassle of physical paperwork and hello to the convenience of having all your investments in one place.
• Invest with peace of mind: Invest with confidence knowing that your investments are consolidated, organized, and accessible in just a few clicks.

How to open a Demat Account

For all future transactions such as purchase/ Sale in securities will be credited/debited to this account.

Simplification of KYC process and rationalization of Risk Management Framework at KYC (Know Your Client) Registration Agencies (KRAs)

SEBI vide circular SEBI/HO/MIRSD/DoP/P/CIR/2022/46 dated April 06, 2022 has specified the framework for validation of records by KRAs in securities market. SEBI has been decided to simplify the KYC process and rationalize the risk management framework as follows.

The KYC process shall mean obtaining the proof of identity (POI) and proof of address (POA) of the client. Further, PAN is the unique identification number of all participants transacting in the securities market. In the interest of investors and for ease of transacting in securities market, the client shall be allowed to open an account with intermediaries and transact in securities market as soon as the KYC process is completed. Thereafter, as a part of risk management framework, the KRAs shall verify the following attributes of records of all clients on receipt of KYC records:

• PAN (including PAN Aadhaar linkage, as referred to in rule 114 AAA of the Income-tax Rules, 1962)
• Name
• Address
• Additionally, the KRAs shall verify the client’s mobile number and email id
• In case of PAN exempt records, the other attributes i.e. name, address, mobile number and email id shall be verified by the KRAs

Clients in whose case, attributes of records cannot be verified, shall not be allowed to transact further in securities market until the attributes are verified.

The records of those clients in respect of which all attributes are verified by KRAs with official databases (such as Income Tax Department database on PAN, Aadhaar XML/Digilocker/ M-Aadhaar) shall be considered as Validated Records. The validated records shall be allowed portability i.e. the client need not undergo the KYC process again when he approaches different intermediary in securities market and the intermediary shall fetch the validated records from the KRA database.

For KYC registration, customer to please refer below mentioned steps:

• Customer to visit RBL Bank branch (preferably where customer is holding Demat account) and request for KYC registration form as per customer category.
• Customer to completely fill KYC registration form and submit duly signed & filled form to the branch.
• In case of Individual customer, proof of address and identity including photograph to be submitted along with KYC registration form.
• In case of Non-Individual customer, following documents to be submitted over and above the proof of address, identity including photograph of authorized signatory:

  Types of entity	Documentary requirements
  Corporate	Copy of the balance sheets for the last 2 financial years (to be submitted every year) Copy of latest share holding pattern including list of all those holding control, either directly or indirectly, in the company in terms of SEBI takeover Regulations, duly certified by the company secretary/Whole time director/MD(to be submitted every year) Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day to day operations Photograph, POI, POA, PAN of individual promoters holding control - either directly or indirectly Copies of the Memorandum and Articles of Association and certificate of incorporation Copy of the Board Resolution for investment in securities market Authorised signatories list with specimen signatures
  Partnership firm	Copy of the balance sheets for the last 2 financial years (to be submitted every year)  Certificate of registration (for registered partnership firms only) Copy of partnership deed Authorised signatories list with specimen signatures Photograph, POI, POA, PAN of Partners
  Trust	Copy of the balance sheets for the last 2 financial years (to be submitted every year)  Certificate of registration (for registered trust only) Copy of Trust deed List of trustees certified by managing trustees/CA Photograph, POI, POA, PAN of Trustees
  HUF	PAN of HUF Deed of declaration of HUF/List of coparceners Bank pass-book/bank statement in the name of HUF Photograph, POI, POA, PAN of Karta
  Unincorporated Association or a body of individuals	Proof of Existence/Constitution document Resolution of the managing body & Power of Attorney granted to transact business on its behalf  Authorized signatories list with specimen signatures
  Banks/Institutional Investors	Copy of the constitution/registration or annual report/balance sheet for the last 2 financial years Authorized signatories list with specimen signatures
  Foreign Institutional Investors (FIi)	Copy of SEBI registration certificate Authorized signatories list with specimen signatures
  Army/Government Bodies	Self-certification on letterhead Authorized signatories list with specimen signatures
  Registered Society	Copy of Registration Certificate under Societies Registration Act List of Managing Committee members Committee resolution for persons authorised to act as authorised signatories with specimen signatures True copy of Society Rules and Bye Laws certified by the Chairman/Secretary

• The KYC registration request will be initiated and supporting documents will be uploaded on CVL-KRA portal.
• CVL-KRA team will validate the documents, including email and mobile validation and complete the KYC registration process on successful validation, if documents found in order.
• In case of any change or modification in the updated KYC details, customer to visit RBL Bank branch and submit KYC modification form and supporting documents. Accordingly, KYC modification/updation request will be processed as mentioned above.

Customer can view their KYC status using below link:

https://www.cvlkra.com/

Path: Click on KYC Inquiry >> Enter PAN >> Update Captcha Code >> Submit (KYC details, status will be displayed on the site)