Does the order of holding and bank account and other details in the demat account have to be the same?
Yes. The order of holding and bank account and other details in the demat account have to be the same as given in the application form. • Does the mode of holding in the application form have to be the same as that in the demat account? Yes. In case a Unit holder has opted to hold Units in the demat mode, the mode of holding mentioned in the application form should be the same as that existing in his demat account. In case of any mismatch the application will be rejected. • Does the nominee mentioned in the application form have to be the same as that in the demat account? Yes. The nomination should be the same as given in the demat account. In case the nomination details provided by the Unit holder in the application form vary, the nomination details as per his demat account will prevail. • If I apply for the units during the NFO period through a switch transactions can I get the units in demat form? Yes. To enable the same the Unit holder will have to provide the demat account detail
Yes. The order of holding and bank account and other details in the demat account have to be the same as given in the application form. • Does the mode of holding in the application form have to be the same as that in the demat account? Yes. In case a Unit holder has opted to hold Units in the demat mode, the mode of holding mentioned in the application form should be the same as that existing in his demat account. In case of any mismatch the application will be rejected. • Does the nominee mentioned in the application form have to be the same as that in the demat account? Yes. The nomination should be the same as given in the demat account. In case the nomination details provided by the Unit holder in the application form vary, the nomination details as per his demat account will prevail. • If I apply for the units during the NFO period through a switch transactions can I get the units in demat form? Yes. To enable the same the Unit holder will have to provide the demat account detail
Related Questions
- What are transactions that can be done in an NRI Trading Account / Demat Account if PIS Bank account details are not submitted?
- Does the order of holding and bank account and other details in the demat account have to be the same?
- Does the mode of holding in the application form have to be the same as that in the demat account?