Depository Services
“MODES”- Motilal Oswal Depository Services
In the times of T+2 having a de-mat account linked to your trading account becomes really convenient. The non-trading clients can also avail of MODES.
Today MODES is available at all business locations of Motilal Oswal. In terms of number of accounts MODES is the second biggest Depository Participant in CDSL with over 150,000 accounts. The trust they have in Motilal Oswal is reflected by their cumulative holding in MODES worth over Rs. 3400 crores.
Holder of a MODES account receives regular account reports and an efficient service at all times. Clients having holdings over Rs. 10 lakhs receive special SMS service. They get recommendations on their holdings based on Motilal Oswal Research rated the "Most Independent Research - Local Brokerage" by Asia Money Brokers Poll 2006.
As an investor you will enjoy many benefits if you buy and sell shares in the depository mode. The following are some of the benefits you will enjoy: Ø No bad deliveries
Ø No risk of loss, mutilation or theft of share certificates
Ø No stamp duty for transfer of shares
Ø Reduced paper work
Ø Fast settlement cycles
Ø Low interest rates on loans granted against pledge of dematerialized securities by banks
Ø Low margin on securities pledged with banks
Ø Increase in liquidity of your securities because of faster transfer and registration of securities in your account
Ø Instant disbursement of non-cash benefits like bonus and rights into your account
Regular account status updates available from MODES at any point of time.
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DP account is now a must for each and every participant in the stock market, whether he is trader or and investor; whether he believes in fundamentals or in technical.