Citibank Demat Account is an efficient way of guarding your shares and other eligible securities, by holding them in an electronic, dematerialized form.
Citibank® Demat Account
Top reasons to open a Citibank Demat Account:
- Hold your securities in dematerialized form.
- Access your account anytime, anywhere, using Citibank’s award winning internet platform.
Citibank India branch today.
Important forms required for a Demat Account
Linked to your Citibank Account
The Demat Account is linked to your Citibank Savings/Current account. You may assign your linked Citibank account as a credit account to receive automatic credits of dividend. You can use the Bank Account IPIN (for Citibank Online Internet Banking) and TPIN (for CitiPhone banking) to access your Demat Account.
24-hours access to the account on all days
View the Demat Account details at any time on Citibank Online. Get complete details of the account holders, nominee details and the holdings along with the value at a portfolio level as well as at an individual stock level. Also get transaction details for a specific stock or for all transactions in the account for the selected period.
|Demat Charges for||Domestic Citigold||Domestic Non Citigold||Non Resident|
|& Citigold Private Client|
|Annual Maintenance Charges* (Non-BSDA)||Nil||Rs.500||Rs.750|
|Annual Maintenance Charges (BSDA**)||Upto Rs.150,000||Nil||Nil||Nil|
|(Based on Value of Holding)||From Rs.150,000 to Rs.400,000||Nil||Rs.100||Rs.100|
|Dematerialisation of shares||Rs.50 per request||Rs.50 per request||Rs.100 per request|
|Rematerialisation of shares||Rs.10 for every 100 securities or part thereof or a flat fee of Rs.50 per certificate, whichever is higher.||Rs.10 for every 100 securities or part thereof or a flat fee of Rs.50 per certificate, whichever is higher.||Rs.100 + Rs.10 for every 100 securities or part thereof or a flat fee of Rs.50 per certificate, whichever is higher.|
|Transfer-in (On-market & Off-market)||Nil||Nil||Nil|
|Transfer-out (On-market & Off-market)||0.05% (Min Rs.15)||0.06% (Min Rs.15)||0.06% (Minimum Rs.49)|
|Transaction cum Holding Statement||Nil||Nil||Nil|
The above mentioned charges are exclusive of applicable statutory levies/taxes including GST.
*Annual charges will be levied at the beginning of the second year and every year thereafter. These charges are waived for Citigold customers.
**BSDA (Basic Services Demat Account) - To know more on BSDA contact your Relationship Manager or you have option to access information on BSDA directly from NSDL website www.nsdl.co.in.
Click on to expand and on to minimize the details.
The following documents will be required:
- Account opening form completely filled and signed by all the holders.
- Introduction of all the joint holders (Photocopy of the Passport/Voters ID Card/Driving License/PAN Card).
- Address proof for all the joint holders. This could be any of the introduction documents (as above) if the address is the same as required for the account. Alternatively, a Copy of the Telephone Bill/Electricity Bill/Income Tax Returns/Bank Statement can also serve as address proof.
- Income Tax Permanent Account Number (PAN) is mandatory. It needs to be mentioned on the form. If you do not have a PAN, please fill and submit Form 60.
- Signature Card with specimen signatures of all the holders.
- 1 Photograph of all the joint holders with Signatures across the Photo.
- 1 Photograph and Signature of the nominee (if you are opting for the nomination facility).
- Form cum POA for giving transfer instructions using Citibank Online.
You need to open your Demat Account in the same holder combination, as you own the physical shares/securities.
Thus, if you currently own shares in the names of A, B and C - your Demat Account also needs to be opened in the same holder combination. In addition to the above, if you also own shares in the name of A and B only, a separate Demat Account needs to be opened in this holder combination.
Please Note: The sequence of the holders in the account is also very important.
However, if you own shares in the names of B, A and C (in this order), then these shares can be Dematerialised and credited to the account opened in the names of A, B and C (in this order). A transposition form would also need to be submitted along with the Demat request.
Please Note: All Demat Accounts with more than one holder are to be operated jointly by all the holders
i.e., these accounts cannot be operated as 'Either or Survivor' or 'Anyone or Survivor'.
- Physical Instruction - Transfer instructions, in the specified format (Annexure L) signed by all the holders of the Demat Account, must be handed over at any Citibank branch.
You can avail the following additional services for your Demat Account:
- Pledging shares in your account to avail an overdraft.
- Freezing the account/any specific security/specific quantity of a security.
- Nomination facility.
In case of:
- Dividend - for shares held in the Demat Account, the amount will be credited to your linked Bank Account.
- Bonus - the bonus shares will automatically be credited to your Demat Account.
- Rights - the allotted shares will be credited to your Demat Account or sent to you as physical certificates depending on the instructions you mention in the Rights application form.
Dematerialisation is the process by which your holding of physical share certificates is converted into an electronic record. The shares then reflect as a credit balance in your Demat Account. Dematerialised shares do not have any folio number, certificate number or distinctive numbers i.e., they are fungible.
To Dematerialise your shares, you need to submit the physical share certificates along with a Dematerialisation Form (DRF) to your Depository Participant. They will send the share certificates to the R & T Agent of your company, who will check and confirm if everything is in order. On confirmation, the shares will be credited to your Demat Account.
The electronic form is more popularly called the 'Dematerialised' form. The foremost and most important reason to convert it is because it is now mandatory to deliver the shares (for most script's as specified by SEBI) in Dematerialised form only, if you are selling the shares. Thus, if you hold physical shares, you may not be able to sell them. Additionally, there are several advantages of holding shares in the Dematerialised form:
- Elimination of risks associated with physical certificates e.g. theft, loss in transit, mutilation, fire, etc.
- Reduction in handling huge volumes of paper.
- Elimination of problems related to change of address, transmission, etc.
- Faster settlement cycle. You therefore get your money/shares much faster.
- Periodic statements and hence ease of portfolio monitoring.
- Lower costs due to lower brokerage rates charged by brokers and no stamp duty.
- There is no minimum lot in case of Dematerialised shares. You can therefore buy/sell even 1 share.
- There is greater transparency in the whole process.
- Continue holding them as free shares in your Demat Account.
- Transfer the shares to any other person who has a Demat Account.
- Sell these shares.
- Pledge them to avail a loan/overdraft.
Yes, you will need the services of a broker who will help you execute your buy/sell transaction on the exchange.
You need to inform him that you want the shares credited to your Demat Account. You will need to provide him with your Demat Account details.
It is very simple. All you need to do is fill and sign the transfer instructions (Annexure L), which is akin to a Bank Account cheque book - and hand it over to your Depository Participant. Your broker should be able to help you with the type of instruction ('On-market' or 'Off-market' instruction) and the relevant details required for such an instruction. In all probability, you will need to do an 'On-market Transfer' to your broker by entering the following details:
- CM BP ID - Clearing Member Business Partner ID of your broker.
- Settlement Number - the settlement number in which your shares were sold on the exchange.
- Market Type - the market type in which your shares were sold on the exchange.
All these details will be provided to you by your broker.
Please remember there are strict deadlines within which the shares must be transferred.
In India, we currently follow the T+2 rolling settlement cycle. Simply stated, the broker through whom you have sold your shares needs to deliver the same to the exchange on the 2nd business day after the day of trade. Hence, you need to deliver the shares to your broker latest by day T+1 i.e., the next business day.
E.g. if you have sold your shares on Monday (Day T), you need to transfer the shares to your broker latest by Tuesday (Day T+1) to enable the broker to deliver the shares to the exchange on Wednesday (Day T+2). (Please also see the time limits for instructions on Citibank Online).
Please note that the Bank branches will remain closed on the 2nd and 4th Saturdays of each month, and depository services will not be available on these days.
Annexure L is a transfer instruction form, which needs to be signed by all the joint holders of the Demat Account, and submitted to the Citibank branch. The Annexure L is akin to the cheque book for your Bank Account.
A personalized Annexure L booklet is sent to you along with your welcome kit at the time of account opening. For additional booklets, you need to send a request signed by all the holders of the account.
If you are an existing Demat customer, please login to Citibank Online to view your portfolio.
The form is available here.
If you are new to Citibank, a Savings Account would be required for setting up a Demat.
Choose your type of account:
To view or download a copy of updated Terms and Conditions for Depository services, please click here.
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As per NSDL vide its Circular No. NSDL/POLICY/2021/0122 dated December 15, 2021; standardized reason codes for off market transfers have been provide. You are requested to refer to Annexure A in the circular for the list of reason codes. For further details click here
Clients are requested to update their mobile number and email ID in their Demat Account to participate in e-Voting process. For details click here. Kindly reach out to your RM for any further clarifications
Clients can use the following declaration format to update Mobile number/E-mail ID/Family Flag and submit it at the nearest branch, please click here for the form.
As per Circular No.: NSDL/POLICY/2020/0138, OTP for off market transfers is mandatory effective 01 Nov 2020. For details click here. Kindly reach out to your RM for any further clarifications.
Investor Grievance Redressal: As per SEBI vide its letter no. SEBI/HO/MRD1_ICC1/P/CIR/2022/05 dated January 5th, 2022; you can also lodge your grievances Online with SEBI at https://scores.gov.in. For details, click here.
Updation of Aadhaar in demat account: As per Circular No.: NSDL/POLICY/2018/0015 dated March 14, 2018; you can update aadhaar details on https://aadhaar.nsdl.com/AdhaarSeeding/ to update your Aadhaar in all your demat accounts with NSDL. For details click here.
As per the notification received from Government of India, Stamp Duty collection is effective from 01st of July 2020.For details click here. Kindly reach out to your RM for any further clarifications. Please note that the Bank branches will remain closed on the 2nd and 4th Saturdays of each month, and depository services will not be available on these days.
If you are an individual with an existing Citibank demat account and have not submitted your CKYC form to Citibank, please submit the same at our branch. Please click here for the form. *For details on circular, click here.
Effective March 15, 2020, NSDL has issued Circulars No. NSDL/POLICY/2020/0029/0030/0033 regarding Yes Bank Limited Reconstruction Scheme, 2020, for details please click here.
Effective Jan 29, 2021 changes in off-market transfer reason codes are applicable. For details click here. Kindly reach out to your RM for any further clarifications
As per NSDL Circular No.: NSDL/POLICY/2019/0053, detailed additional reason codes to cover certain types of transactions are provided below. Please click here.
As per NSDL Circular No.: NSDL/POLICY/2019/0047, detailed additional reason codes to cover certain types of transactions are provided below. Please click here.
With reference to NSDL Circular No: NSDL/POLICY/2021/0074 dated July 17, 2021 and Circular No. NSDL/POLICY/2021/0073 dated July 17, 2021, in case you wish to avail Block with Early Pay-in facility, you need to submit Annexure 1 (Block with early pay-in details) along with the share transfer instruction for sale transaction. Click here to download the form.
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