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Demat account opening

The Client can open a demat with Punjab and Maharashtra Co-op Bank Ltd (PMCBL) under NSDL. The procedure for opening demat account is simple. The client who wishes to open a demat account with PMBCL, can open two types of account:

• Individual account
• Corporate Account

Pan Card is mandatory for opening any type of Demat Account. Self Attestation required on all the document submitted as Proof of Identity and Proof of Address, original document required for verification.

Individual account

An individual Account either Resident or Non Resident can be in the name of an individual, Karta or Minor. The proof of address, proof of PAN card as well as proof of identity of all the account holders is required while opening a new demat account which should be self attested.
Any one of the following documents should be submitted as proof of Identity.

A. Proof of Identity:
Voter Id Card
Driving License
PAN card with photograph

B. Identity card/document with applicant's Photo issued by
• Central/state Government and its department
• Statutory/Regulatory Authorities
• Public Sector Undertakings
• Scheduled Commercial Banks
• Public Financial Institutions
• Colleges affiliated to Universities
• Professional Bodies such as ICAI,ICWAI,ICSI,Bar Council etc, to their Members and Credit cards/ Debit cards with photographs issued by Bank.
• Credit cards/Debit cards issued by Banks.
Any one of the following documents should be submitted as proof of address:

A. Proof of Address:
• Ration Card
• Passport
• Voter ID Card
• Driving License
• Bank Passbook-
• Leave and License agreement/ Agreement for Sale
• Verified Copies of :
Electricity bills (not more than 2 months old)
Residence Telephone bills (not more than 2 months old)

B. Identity card/document with address, issued by
• Central/State Government and its departments
• Statutory /Regulatory Authorities
• Public Sector Undertakings
• Scheduled Commercial Banks
• Public Financial Institutions
• Colleges affiliated to Universities (this can be treated as valid only till the time the applicant is a student) and
• Professional Bodies such as ICAI,ICWAI,Bar Council etc, to their members
Please note that the demat account of a Minor or a HUF has to be in the sole name of Minor or HUF. Joint name is not permitted by NSDL.
Change of Address
A client who wishes to change his address has to intimate the DP in writing about the same. The specified forms are available at any of the PMCBL branches. The following documents are required to be submitted for change of address:
1. A duly filled form for change of address. In case of joint holdings, all the holders must sign the application.
2. Proof Of new address along with original documents of the new address.
The PMCBL Official will verify the document pertaining to the new address along with the original and affix the stamp verified with original. Any one of the documents mentioned in the Account Opening module may be submitted as Proof of Residence.


A client can avail of the nomination facility for his/her demat account. You can nominate at the time of account opening itself or any time in the future by filling the nomination form. A nomination can be changed at any time by filling the same form. By availing of the nomination facility, the nominees are entitled to receive shares outstanding in the name of the deceased clients.
However the following categories of investors cannot nominate:
• Minor accounts
• HUF accounts
• Power of attorney holders
• Accounts in the name of society ,trust body corporate.


The nomination forms (Form JA), are available in any of the PMCBL branches.

Corporate account

The following are the requirements for opening the corporate account. NSDL does not permit the demat accounts in the name of partnership firm or proprietorship firm. Hence for partnership/proprietorship accounts, the demat account can be in the name of the partners/proprietors and not in the name of the firm. The following documents are required to be submitted along with the demat corporate account opening form:
• PAN card Copy of the Company
• Copy of Memorandum & Articles Of Association.
• Board Resolution for opening the Demat Account and the list of authorized signatories along with their specimen signatures and photographs, etc.
• Introduction by an existing account holder
• Proof of address of the corporate, evidenced by the document registered with Registrar of Companies or acknowledged copy of Income Tax Return or Bank Statement or Leave License Agreement/ Agreement for Sale.
• Pan card Copy , Photograph, Proof of identity and proof of address of the authorized signatories is required.
• Company's common seal is required on the Resolution copy, the Account opening form for corporate and also on the DP-Client Agreement.
• Verified copy of Form No 18 and Form No 32.

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