No. Dematerialised securities can be traded only at those stock exchanges which have established electronic connectivity with depository for settlement of dematerialised securities. NSDL allows such connectivity to those exchanges which have instituted a SEBI approved settlement guarantee system in place. Presently ten major stock exchanges are connected to NSDL.

No. Trading at the stock exchanges can be done only through a registered trading member (broker) of the stock exchange irrespective of whether the securities are held in physical or dematerialised form. DPs role will only be to facilitate settlement of trade in the dematerialised form, by transferring securities from and to the account of the investor, for selling and buying respectively.

Yes. SEBI has permitted dematerialised securities to be delivered against obligations in the physical segment at the stock exchanges connected to the depository.

No. Dematerialized securities of all the companies that are eligible for dematerialisation can be delivered against obligations in the physical segment. This also applies to delivery against auction of securities in the physical segment.

No. The trading and settlement cycle remain the same in the physical segment irrespective of whether the delivery will be made in physical or dematerialised form.

Any investor who buys securities through a stock exchange connected to the depository may receive his delivery in the dematerialised form, as dematerialised shares can be delivered in the physical segment at the option of the seller. Therefore those investors who buy securities from these exchanges should necessarily open a Depository account to take delivery of these shares.

Yes. In the exclusive demat segment, the trades can be squared off within the same day as this segment follows a rolling settlement cycle. In the physical segment the trades can be squared off within the trading period specified for that stock exchange. This is presently five working days, between wednesday to tuesday at NSE, monday to friday at BSE and thursday to wednesday at CSE. At CSE for some of the shares (classified as specified group) the trading period is 14 days.

No, if an investor squares off his position within the trading period, he does not need to open a Depository Account. Depository Account is required for taking delivery or giving delivery of dematerialised securities in case of buy or sell respectively. In case the investor squares off his trade, and hence, does not have to take or give delivery of dematerialised securities, the Depository Account is not used.

Yes. As in the physical segment, you can go long or short in the demat segment also.

As in the physical segment, such ceilings will be monitored by the concerned regulatory authority.

Yes. A traveller can buy tickets in India for surface transportation abroad against payment either in rupees or in foreign exchange from approved agents of overseas rail or road transport organisations.

In case the execution day is a NSDL business holiday, the next working day is taken to be the execution day.

The depository way of holding and transferring securities leads to substantial savings to an investor.

No. Each trading member (broker) should have one CM account for each of his cards in each of the exchanges.

No. Trades done in the AE and BE segments are netted off separately within a trading period. Separate obligation statements on the basis of these netted obligations will be downloaded by NSCCL (CC of NSE) on the basis of which trades are to be settled by the brokers.

No, a broker cannot directly inquire about the holding details of his clients from the clients DP.

At NSE, the AE and BE segments can be accessed by selecting the scrip you want to trade in and typing AE or BE in place of EQ. At the BSE, all scrips have a scrip code. For going to the demat segment, add 5,00,000 to the scrip code. For eg. if the scrip code of RIL is 325 in the physical segment, the scrip code to be typed for going to demat segment is 5,00,325.