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The cooperative sector has been playing distinct and significant role in the process of socio-economic development of the country. Therefore, cooperatives have been accepted as the best agency for agricultural credit with their organizational potential to reach millions of farmers and thereby establish the grass-root contacts. Cooperatives are a major economic force in developed countries and a powerful business model in developing ones. View more
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Fixed Deposit

5.75%

Individual (365 Days)

6.25%

Senior Citizen (365 Days)
More Rates
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The Gujarat State Co-operative Bank LTD.

How to Open a Demat Account

You can visit our branches offering Depository Services for opening the Demat account

We also provide to our Demat customers the following:

  • Dematerialization and Rematerialization of certificates.
  • Conversion of Mutual Fund units into demat form.
  • Pledge and Hypothecation of securities.
  • Nomination Facility.
  • SMS Alert Facility.
  • IDeAS (Internet based Demat Account Statement) facility for viewing the latest balances with valuation.

Functions of a Depository Participant

  • Dematerialisation
  • Rematerialisation
  • Holds securities in an electronic form
  • Settlement of market and off-market trades
  • Facilitating pledge of securities
  • Electronic credit on new share allotments

Benefits of Demat

  • No risk of mutilation or loss of physical securities
  • No risk of theft or fraud associated with physical securities.
  • No delays in transfers
  • No bad deliveries of securities
  • No risk of receiving fake/ forged/stolen certificates
  • Eliminates transfer deeds and consequently reduces paperwork
  • Investment is highly liquid, as there is shorter waiting period
  • Payments are much faster on securities sold in electronic form
  • Facility to pledge the securities
  • No problem of odd lots, even one unit is marketable
  • Faster disbursement of corporate benefits

Escalation Matrix

LevelPurpose
01Query / Complaint[email protected]
02Complaints regarding Depository Services[email protected]
03Escalation to NSDL[email protected]
04Final escalation
(If not satisfied with the above replies escalate)
https://www.scores.gov.in
A. Register on SCORES portal
B. Mandatory details for filling complaints on SCORES Name, PAN, Address, Mobile Number, E-mail ID
C. Benefits:
i. Effective Communication
ii. Speedy redressal of the grievances

Attention Investors:

1. Prevent unauthorized 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. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day issued in the interest of investors.

SEBI Notification:

2. 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.