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Depository Services  Branch Login :   SMS :  MASTER DEMAT to 56767

Master Capital Services Ltd. boasts of an ever-growing customer base of over 95,000 account holders under its retail brand - “mastertrust”. We are depository participants with the NSDL & CDSL for trading and settlement of dematerialized shares. We perform clearing services for all securities transactions through our accounts. We offer depository services to create a seamless transaction platform – execute trades and settle these transactions. Depository Services is part of our value added services for our clients that create multiple interfaces with the client and provide for a solution that takes care of all your needs.

What is DEMAT Account?

“ DEMAT Account = Share Bank”

A Depository is like a bank where securities are held in electronic (dematerialized) form. In India, there are two Depositories -National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).

Under the Depositories Act, investors can avail of the services of the Depositories through Depository Participants (DP) such as Master Capital Services Limited. DP's are like bank branches wherein shares in physical form need to be deposited for converting the same to electronic (demat) form.

To enter into the system you have to open a Demat account with a DP for which an application in the prescribed form is to be filled and signed by the applicant along with supporting documents for different categories of Demat accounts.

Why “mastertrust” DEMAT services?

In our continuous endeavor to offer best of the class services to our customers we offer the following features:

Speed & Easiest - You can transfer securities 24 hours a day, 7 days a week through Internet

Consolidation Demat Account: Dematerialize your physical shares in various holding patterns and consolidate all such scattered holdings into your primary demat account at reduced cost.

Corporate Benefit Tracking: Track your dividend, interest, bonus through your account statement.

Mobile Alerts: Receive SMS alerts for all debits/credits

Dedicated customer care: Executives specially trained at our help desk, to handle all your queries.

Countrywide Branches: You are never far from “mastertrust” Demat Services outlet.

Competitive charges: You will find our service charges very competitive - offering the best value for your money.

Types of accounts

  • Resident individual

  • HUF

  • Partnership

  • Corporate & Clearing member account etc

  • NRI

Document Checklist

Individual account:

  • Individual recent passport size photograph(s)

  • Individual pan card (should be self attested)

  • Individual identity proof * (if photo is not clear on Pan card)

  • Address proof in the name of the individual

  • Bank proof in the name of the individual

Below mentioned documents are acceptable as Address proof & Bank proof:

  1. Address Proof:- Self attested Bank Passbook / Bank Statement accompanied with original bank attestation by the bank along with bank official stamp and signature / self attested bank statement (original) along with original cancelled cheque copy (bank statement should not be more than 2 Quarters old) / (Ration Card / Driving License / Passport / Voter ID Card / Electricity Bill / land line telephone bill (not more than 2 month old)

  2. Bank Proof:- personalized Bank Cheque copy / Non personalized Cheque copy accompanied with self attested bank passbook or self attested bank statement / Bank Passbook / Latest Bank Statement (not more than 2 quarters old) / Banker verification letter

Proprietorship Firm Account

  1. Proprietor Pan card

  2. Address proof & Identity proof in the name of the Proprietor.

  3. Address Proof in the name of the Proprietorship firm

  4. Bank proof in the name of the Proprietorship firm

  5. Declaration of sole proprietorship on letter head of the firm in the specified format

HUF Account

  1. Recent passport size Photographs of the Karta

  2. Pan card of the HUF & the Karta

  3. Address proof in the name of HUF

  4. Address proof & Identity proof of the karta

  5. Bank proof in the name of HUF

  6. Declaration of HUF firm should be signed in the specified format for Trading Account & DP accounts

Partnership Firm Account

  1. Recent passport size Photographs of Authorized partners

  2. PAN card of all the partners & the partnership firm

  3. Address proof in the name of Partnership firm

  4. Address proof & Identity proof of all the partners

  5. Bank proof in the name of Partnership firm

  6. Notarized Partnership Deed along with the list of partners duly certified and attested by all the partners

  7. Copy of the Latest ITR

  8. Declaration of the partnership firm on letter head of the firm in the specified format

Corporate Account

  1. Photograph(s) of all the authorized signatories

  2. PAN Card Copy of the Corporate

  3. PAN Card Copy for all authorized signatories

  4. Address proof of the Corporate

  5. Address proof of all the authorized signatories

  6. Bank proof for the Corporate

  7. Board Resolution on the original letter head in specified format required separately for DP (available in the kit) & for Trading account

  8. Certified true copy of MOA and AOA. This should be self attested and is required separately for DP, Margin DP & trading accounts

  9. Valid Certificate of Incorporation attested by authorized signatory

  10. Certified true copy of Balance Sheet for last 2 years

  11. Net worth certificate of the Corporate

  12. Copy of ITRs for last two years.

  13. Certified true copy of Annual Reports of Last 2 years

  14. Banker’s Verification on Banker’s letter head certifying the signatures of the Authorized Signatories

  15. List of director’s along with name, address and photographs to be provided along with their signatures on letterhead of the company required separately for DP, Margin DP & trading accounts.

  16. List of Authorized Signatories along with their signatures & Photographs on the company’s letterhead

  17. Copy of latest shareholding pattern including list of all those holding more than 5% in the share capital of the company duly certified by the company secretary/whole time director/MD)(copy of the updated shareholding pattern to be submitted every year)

  18. Form-32 along with ROC receipt in case of change in director.

  19. Form-18 along with ROC receipt in case of company address change

NRI Account


Repatriable

  1. Copy of valid passport

  2. Foreign address proof

  3. Bank statement of latest quarter of NRO account.

  4. Rest all same as Individual account

Non-Repatriable

  1. Copy of valid passport

  2. Foreign address proof

  3. Rest all same as Individual account

Service charges

You can visit our branches for opening the Demat account. There is no fee for opening a DP account with “mastertrust”. However, a nominal fee will be levied towards services, as per our tariff. You can choose between the schemes we offer depending upon the frequency of and volumes of your transactions.
 
SCHEME Scheme A
(Rs. 2500 in advance out of which Rs. 2000 is refundable/adjusted on closure of A/c and/or change of scheme after one year from the date of a/c opening)		 Scheme B Scheme-LF
Rs. 555/- (Inclusive of taxes) for Life Time maintenance free account and Rs. 555/- (Inclusive of taxes) for conversion of existing account to life time maintenance free
Account Opening Charges Nil Nil Nil
Account Maintenance Charges Nil Rs. 200/- payable in the beginning of the year and Rs. 300/- p.a. on renewal. Nil
Dematerialisation Charges Rs. 20/- Per DRF plus
Rs. 3/- per Certificate		 Rs. 20/- Per DRF plus
Rs. 3/- per Certificate		 Rs. 20/- Per DRF plus
Rs. 3/- per Certificate
Rematerialisation Charges Rs. 20/- per every 100 securities or
part thereof; or a flat fee of
Rs. 20/- per certificate whichever
is higher will be payable		 Rs. 20/- per every 100 securities or
part thereof; or a flat fee of
Rs. 20/- per certificate whichever
is higher will be payable		 Rs. 20/- per every 100 securities or
part thereof; or a flat fee of
Rs. 20/- per certificate whichever
is higher will be payable
Custody Nil Nil Nil
Transaction Charges
(per Transaction)
Receipt / Purchase
Delivery / Sale

Nil
Rs. 11/-		 All Charges Payable upfront

Nil
Rs. 15/-		 All Charges Payable upfront

Nil
Rs. 14/-(within DP*)
Rs. 25/- (outside DP*)
Pledge Charges (per Transaction)
Creation
Invocation / Closure
Rs. 40/-
Rs. 20/-
Rs. 50/-
Rs. 25/-
Rs. 50/-
Rs. 25/-
Lending / borrowing Charges
Borrowing
Landing
Repay
Rs. 40/-
Rs. 40/-
Rs. 20/-
Rs. 50/-
Rs. 50/-
Rs. 25/-
Rs. 50/-
Rs. 50/-
Rs. 25/-
Speed-e & Ideas Subscribers
(Password User)		 Rs. 100/- p.a Rs. 100/- p.a Rs. 100/- p.a
* Master Capital Services Limited
In addition to the above the following out of pocket expenses shall also be charged.
 

  • Instruction Booklet : Rs. 10/-, 20/- Containing 10, 20 Leaves.

  • Failed Instruction Intimation : Rs. 20/- per intimation per instruction.

  • Additional Statement of Holding/Transaction : Rs. 2/- per Page + Postage.

  • Non periodic statement & other communications shall be charged @ Rs. 20/- per mail.

  • Charges are subject to revision at Depository Participant’s sole discretion by giving 30 days notice and shall be informed by circulars sent by ordinary post/press advertisement/Electronic Communication/courier/personal messenger/Website ( Website means www.mastercapitalindia.com and/or http://www.mastertrust.co.in and/ or its pages and links and/or any other website(s)/links/pages/applets Participant may inform from time to time)

  • Incase of demat rejection postage shall be charged @ Rs. 30/- for dispatch to the client for removal of objection.
     

  • Any other services not specified above shall be charged extra.
     

  • Taxes and other government levies extra as applicable from time to time.
     

  • Any Modification in client master will be charged @ Rs. 20/- per modification.
     

  • All the charges are payable on monthly basis under scheme A and under all other schemes all charges are payable upfront.
     

  • Service charges for DP services for trading clients of Master Trust Ltd., Master Capital Services Ltd., MTL Shares & Stock Brokers Ltd., Master Commodity Services Ltd. will be debited to their trading accounts.
     

  • Master Capital Services Limited may suspend/freeze the depository services of the account holder on non payment of outstanding bill till the time outstanding DP service Charges is received.
     

Do’s & Don’ts

Before you open your account...

  • You can collect your account opening form from any of our branches or download it from our site itself.

  • As prescribed by Depository bye-laws, accounts have to be opened in the exact order in which the name(s) appear on the share certificate.

  • Remember that Holding pattern A B is not the same as BA. However, minor differences like abbreviations, spelling mistakes can be ignored provided signatures recorded with the registrar / company is the same.
     

Get your account opening form details right…….

  • All columns are filled in. Write NA wherever not applicable.

  • Bank account number with complete address and 9 digit MICR numbers are filled correctly. This will facilitate effective disbursement of monetary corporate actions into your account.

  • Signature of account holders are always in black.

  • If you would like to receive credit of shares purchased directly into your account, mark standing instruction as 'Yes'.
     

After your account is opened……

  • Once your account is opened, you will be allotted a client identity number. You will be sent an operating kit containing

  • Details of your account as recorded by MASTER CAPITAL SERVICES LTD..

  • Copy of the agreement entered into with MASTER CAPITAL SERVICES LTD..

  • "Delivery instruction by client" booklet allotted to your demat account. This booklet helps you transfer shares from your account to broker account and other accounts.
     

Now you are ready to operate your DP account.
 

FAQs

Account Opening & Operations

  1. Can I open more than one account with “mastertrust” ?
    Ans. Yes, you can open more than one account with “    mastertrust”. There is no restriction on the number of accounts you can open with the same Depository Participant (DP).
     

  2. Do I have to keep any minimum balance of securities in my account?
    Ans. No, there is no prescribed minimum balance. You can have a zero balance in your account.
     

  3. Can someone else operate my account on my behalf on the basis of a power of attorney?
    Ans. Yes, if you authorize any person to operate your account by executing a power of attorney (POA) and submit it to us, that person can operate the account on your behalf. If you have given POA earlier and now wish to operate the account yourself, the POA has to be revoked by you in writing.
     

  4. How do I register a change in my signature with “mastertrust”?
    Ans. You would have to make a request in writing. You would also have to get your signature duly attested by your banker, with whom you hold the bank account that has been specified for receipt of dividend.
     

Dematerialization

  1. Can I dematerialize all my depository eligible securities through the same account?
    Ans. Yes. You can choose to have all your securities deposited in a single account provided that the securities have the same holders.
     

  2. Can odd lot shares be dematerialized?
    Ans. Yes, Odd lot share certificates can also be dematerialized.
     

  3. How do I demat shares with Pre-Marital / Maiden names?
    Ans. In such cases you need to submit a certified true copy of the marriage certificate along with the Demat Request Form (DRF), when you give your shares for dematting. Also provide an attested new specimen signature.
     

Trading /Settlement

  1. Can I buy and sell shares through “mastertrust”?
    Ans. No, shares can be bought and sold only through a stockbroker. “    mastertrust” helps in delivering the shares against a sell transaction or receiving the shares for a buy transaction.
     

  2. Can I deliver dematerialized securities against an obligation in physical segment, in all stock exchanges?
    Ans. Yes, SEBI has permitted dematerialized securities to be delivered against obligations in the physical segment at the stock exchanges connected to the depository.
     

  3. Is the facility of delivering dematerialized securities in the physical segments of the stock exchanges, available only for those securities that are to be compulsorily sold in the demat segment of stock exchanges by institutions?
    Ans. No, dematerialized securities of all the companies that are eligible for dematerialization can be delivered against obligations in the physical segment. This also applies to delivery against auction of securities in the physical segment.
     
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