• How to register to easi/easiest account?
• What is the use of easi/easiest account?
• How can we protect PoA through easi/easiest account?

What is easi?

Electronic access to securities information( easi) is a convenient, easy to operate internet based facility, which allows Demat Account Holder (also called registered Beneficial Owners (BOs)) to access their Demat account directly from the website of CDSL (www.cdslindia.com), anytime anywhere, avoiding back office of Depository Participant, through which you would have opened your Demat Account.

What is easiest?

Electronic access to securities information and execution of secured transactions(easiest), permits Demat Account holders to submit freeze, unfreeze, off-market, on-market, inter-depository and early pay-in debit instructions from their demat account. All the facilities and benefits of easi are automatically made available to a subscriber of easiest.

What are the benefits of easi/easiest to Demat Account Holder/ (Beneficial Owner) BOs?

1. Freeze and unfreeze holding in part or full or even part quantity of particular Scrip/ISIN. By this, even after giving PoA to Stock Broker, you can make sure that PoA cannot be misused, as ISIN can be frozen and you may unfreeze when you want to sale particular scrip and quantity. By this process, you can make PoA inactive for whatever period, you would like. ( not available in easi)
2. Viewing and printing of holdings and/or transactions for last 30 days in their account. (no restriction in easiest for number of days)
3. Viewing and printing the valuation of holdings in their demat account based on the previous day’s closing price on BSE.
4. Viewing multiple demat accounts through a single login id.
5. Monitoring corporate announcements related to the securities, held in their demat account. A BO also has the additional option to add up to 25 ISINs not held in their demat account, but wishes to monitor corporate announcements for such ISINs.
6. Transfer to other BO/ Demat account. ( only in easiest)

What are the different types of account transfers available on easiest?

There are two types of account transfers available on easiest:

1. Trusted account - Transfers: Permits transfers of securities from a BO/Demat Account Holder account to any 4 CDSL demat accounts of the BOs choice, which have been pre-notified by the BO/Demat Account Holder.
2. Account of choice - Transfers: Permits transfers of securities from a BO/Demat account holder’s account to any other demat account. All the on-market, off-market, early pay-in and inter depository transactions are authenticated by means of a digital signature. The digital signature should be obtained from any of the RA (Registering Authority) of TCS (Tata Consultancy Services). CDSL being one of the RAs of TCS also provides Digital Signature at a cost.

PROCEDURE FOR REGISTRATION EASIEST FACILITY OF CDSL DEMAT ACCOUNT HOLDER

Sole holder BO/Demat Account holder, who wishes to register for easiest facility, will have to click on To “Register for Easiest” link available on the CDSL loginpage-

web.cdslindia.com/myeasi/Home/Login

1. For registration, Sole holder BO/Demat Account Holder should enter his 08 digits - DP ID and 08 digits- Client ID and click in the check box & then click on Next.

   

2. OTP will be received on the CDSL registered mobile no. [Registered for SMS alert] In case of NRI OTP will be received on the CDSL registered email id. Then submit the OTP and click on Next.

   

3. The BO/Demat Account Holder will be required to enter the preferred user name, security question & answer & Select the type of transfer i.e. trusted account transfer/Account of Choice transfer.

   

   • In case of trusted account transfer, User will be required to enter the trusted account holders demat account no. of the BO’s/Demat Account Holder’s choice [any four CDSL demat account], wherein the BO wishes to transfer the securities.

   • If the BO wishes to group any of his other demat account/s, BO/Demat Account Holder has the option to do so at the time of registration also.

4. At the end of the registration, in case of Account of choice User, message will be available to the User “Registration request forwarded to the DP for authentication” In case of trusted account registration two message will be available to the BO/Demat Account holder at the end of the registration “Registration request forwarded to the DP for authentication” and “Duly signed trusted account holders forms to be submitted to the DP for authentication of trusted account holders” and only trusted account declaration form and/or grouping form [if any account is grouped during registration] will be available to the BO for download.

5. Once the DP authenticates the easiest registration of such sole holder BO/Demat Account Holder and when the user is logging to his/her easiest account facility for the first time, system will generate and send an OTP on registered mobile and registered email ID incase of NRI, the user will be prompted to enter the OTP at first time login.

Why should I subscribe /register for the easiest?

Easiest, not only provides all the benefits of easi, but also gives a BO/Demat Account Holder the convenience of executing debit/credit instructions from their demat account, over the internet, anytime anywhere. Biggest advantage of easiest is to Freeze and unfreeze holding in part or full or even part quantity of particular Scrip/ISIN. By this, even after giving PoA to Stock Broker/ relatives, you can make sure that PoA cannot be misused, as ISIN can be frozen and you may unfreeze when you want to sale/ transfer particular scrip and quantity. By this process, you can make PoA inactive for whatever period, you would like. ( not available in easi)

Do a BO/ Demat Account Holder still need to submit instruction slip(s) to the DP when executing transaction(s) on easiest?

No. A BO who submits instruction(s) through easiest need not give any instruction slip(s) to their DP.

If I am registered for easi, can I register for easiest?

Yes, you can by selecting the option ‘Upgrade BOID to easiest’, in your easi account login.

Can a BO/Demat Account Holder submit multiple transactions through easiest?

Yes. The easiest upload facility enables a BO/Demat Account Holder to submit multiple transactions in a single file.

Who can avail of the upload facility?

All BOs/Demat Account Holders who have opted for the account of choice login only, in easiest can avail of this facility. A BO/Demat Account Holder would have to approach their DP to have their upload rights activated.

Can I monitor corporate announcements for the shares in my demat account through my easiest login?

Yes, you can monitor corporate announcements for the securities held in your demat account through your easiest login. You can also add ISINs not held in your demat account, but wish to monitor corporate announcements for such ISINs.

Additional Links:

• How to use easi/easiest for Demat Account of CDSL?

• Why Stock Brokers ask for Power of Attorney (PoA) of Demat Account?

• How to avoid misuse of Power of Attorney (PoA) by Stock Broker/ Brokerages or relatives?

S P Toshniwal
Founder and CEO
www.prostocks.com

In this article you will learn about these similar quires:

• Demat Account Vs Trading Account
• Why Demat Account required?
• Why Trading Account required?
• Who can open Demat Account?
• Who can open Trading Account?

Depository Beneficiary Account is popularly known as Demat Account. Demat Account is like an electronic locker to keep securities in electronic (dematerialised) form.

Securities like Bonds, Debentures, Equity Shares, Preference Shares or any securities having ISIN can be held in Demat Account. Securities having ISIN can be held in Demat Account even when they are not listed on any Stock Exchange. Client opting for equity segment (cash market) in Trading Account are mandatorily need to have Demat Account. Demat Account is to be open with Depository Participant (DP) of either CDSL or NSDL. ProStocks is Depository Participant of CDSL. Your Stock Broker can also be your DP. All Stock Broker are not DP.

Trading Account is used for buying and selling listed shares and securities at recongnised Stock Exchanges and different from Demat Account. Trading Account can be opened only by Stock Broker. Your Trading Account will be used for both trading as well as investment. Shares purchased through Trading Account are held in Demat Account and shares sold through trading account are transferred from Demat Account to Stock Exchange through Stock Broker.

S P Toshniwal
Founder and CEO
www.prostocks.com

ProStocks advanced IVR allows you to take five most sought after reports yourself either on same call or on your email ID.

You will need to call from your registered mobile number to +91-22-62 43  43  50.

System will recognize you based on your registered mobile number and no further authentication required.

In case you have your family members account also against the same mobile number with ProStocks, system will recognize this and you would be automatically asked to select client code for which you need the report / information.

Thereafter:

• Press 1 - In case you need information over the phone (Mobile):
• Press 2 - In case you need information on Email:
• Press 9 - For Assistance with customer care representative for call-and-trade or any other enquiry.

Thereafter:

• Press 1 - for Balance Confirmation
• Press 2 - for Bill Summary
• Press 3 - for Stock Holding Report
• Press 4 - for Trade Details
• Press 5 – for Net Outstanding Position

Alternatively, you can directly dial the required enquiry using below options.

• Press 11 for Financial Balance Confirmation over the phone
• Press 12 for Bill Summary over the phone
• Press 13 for Stock Holding Report over the phone
• Press 14 for Trade Details Summary over the phone
• Press 15 for Net Outstanding Position over the phone
• Press 21 for Financial Balance Confirmation on your registered Email ID
• Press 22 for Bill Summary on your registered Email ID
• Press 23 for Stock Holding Report on your registered Email ID
• Press 24 for Trade Details Summary on your registered Email ID
• Press 25 for Net Outstanding Position on your registered Email ID

S P Toshniwal
Founder and CEO
www.prostocks.com

IPO Investment

In Jan 2016, SEBI made it mandatory for all application in IPO and FPO ( Initial Public Offering and Follow on Public Offering ) to be through ASBA (Applications Supported by Blocked Amount) in which Bank of the client has to create lien ( block the amount in bank account) in favour of the Issuer. Upon allotment, lien will be removed and Client bank account will be debited to the extent of allotment amount. This solves problem delay in refund of IPO application amount upon none or part allotment. Issuer will be given amount post allotment by the Bank to the extent of allotment amount.

IPO application through cheque payment is no longer allowed. Now Stock Broker is not able to offer paperless application to client through their trading website.

Now all paperless ASBA application are possible through your bank account. Majority of the bank’s allowing their client to make IPO ASBA application from their online bank account. Client having account in those bank account who are not offering paperless ASBA application or those client who do not do online banking has to fill the physical application and submit to syndicate member for onward submission to client’s bank for creating lien marking in the client ‘s bank account.

Before 2016, broker was taking IPO application from its client along with cheque and submitting to Registrar. In that process, investor’s money was collected by the issuer and in case of over subscription, they have to refund the amount. Collecting funds even before allotment and refund in case of non allotment was time consuming process and there were many complaints from investors for non refund, delayed refund , time taken for listing due to manual process etc . ASBA has solved all such issues and also investor is able to earn interest as money is lying in their own bank account till allotment, Listing time has shortened etc.

Let’s discuss how ASBA (Applications Supported by Blocked Amount) process works

With ASBA process, banks need to be part of Self-Certified Syndicate Banks (SCSBs). Once bank receive approval as SCSB, they can take IPO application physically on their branches or provide an online IPO investment platform through net banking facility.

ASBA process is applicable to all book-built public issues provided only one payment option by retail individual investors.

Each Self-Certified Syndicate Bank is authorized to accept IPO application which requires Applicant Number, PAN Number, DP Number, Bid Quantity details.