PNB Demat Account
More on Demat Account
These days having a Demat account is as important as having a savings account and what’s more secure than choosing a bank like Punjab National Bank for opening a Demat account. Thinking, is it possible? Let’s give you clear and complete information about the PNB Demat Account.
PNB Demat Account Online
When opening a share market account, why not choose a Government demat account by choosing nationalized bank like PNB. It is a depository participant of NSDL and CDSL is known for offering all kinds of trading services to its clients for years.
The different services offered by the bank-based broker are:
- Demat account opening
- Dematerialization & Rematerialization of Shares
- Settlement of Off-Market Trades
- Provision to apply for IPO
- Pledging and Unpledging of shares
Now to prevent itself from high risk or not to get directly involved in the share market trade it has a tie-up with some of the renowned stockbrokers offering trading account services. Some of them are listed below:
- SMC Online
- IDBI Direct
- Aditya Birla Capital
So, if you want to have a hassle-free trading experience with any of the above then open a 3 in 1 Demat account and in turn get the Demat and bank account facility of the PNB.
These are the major features of the PNB Demat account, let’s now move ahead with the details of how to apply or open a Demat account with one of the oldest banks in India.
Open Demat Account Online PNB Bank
Now you can use the Demat account in PNB to link the trading account opened with the above-mentioned depository participant.
This is to simplify online transactions and offer you a better trade experience.
To reap the benefit, just open a saving account with PNB, or if already have an account then follow the steps below to link your Demat account with the bank.
- Login to the PNB internet banking using the mobile app or web app.
- Click on Retain Internet Banking.
- Log in using your Client ID and enter the Password.
- Once done click on Demat Account linking from the MENU.
- Click on Demat Account Linking Online.
- Select the PNB account number.
- Select the Depository and then the Demat account BOID you want to link.
- Click on Continue and then ENTER the OTP received on your registered mobile number.
- Submit the details and the Demat Account linked to your PNB account successfully.
On successful linking you would be able to check the following details of your Demat account:
- Transaction details
- Holding information
- ISIN of the company
- Brokerage information
- Customer Profile
Also, you can request a ledge and schedule a settlement after PNB Demat account linking.
Other than this, you can directly access the above-mentioned brokers’ website to open the 3-in-1 account with PNB.
PNB Demat Account Opening Form
Apart from the online process, you can also link your Demat account with PNB offline. For this either download the form or visit the nearest branch to activate the services.
Here are a few things to be kept in mind before you apply for linking the Demat account with the bank.
Make sure you have the following documents with you before activating the 3 in 1 Demat account services with PNB:
- Two Passport Size photograph
- PAN Card
- Aadhar Card for Address Proof
- Bank Account details
To avoid any hassle, check the list of documents required for Demat account.
Fill the form by entering all the details and signing the form wherever required.
Also, you can add nominees using the offline method to open the demat account in PNB.
Post this, send the form along with the self-attested photocopies of the above document to the head branch or submit it physically to the nearest branch.
PNB Demat Account Charges
Now let’s check out the charges you need to pay to activate the PNB Demat account services and to keep the account operative.
PNB Demat account charges involve different charges like dematerialization fees, pledging of shares, etc.
Apart from this, the depository participant charges fees for account opening and for maintaining the account.
Let’s check out some of the basic fees before checking the account opening charges details.
PNB Demat Account Opening Charges
Next comes the opening fees. Here the customers of PNB are provided with the relaxation as there are zero account opening fees in PNB.
So, now you can make your Demat account with IDBI, SMC Online, Geojit, and Aditya Birla 3-in-1 without paying any fees.
Here is the detail of account opening charges in PNB:
PNB Demat Account Annual Charges
As already known, the Demat account charges are not limited to opening fees. In fact, there are specific charges for maintaining the account and for keeping it active.
These AMC for Demat Account vary with the age and again there is a certain relaxation for senior citizens.
Check out the details in the table below:
PNB Demat Account Online Trading
The PNB offers you the way to have the best 3 in 1 demat account by opening a:
- PNB Demat account
- PNB Saving account
- Trading account with stockbrokers
- SMC Online
- Aditya Birla
- IDBI Capital
Since PNB is registered with NSE, BSE and MSEI thus one can trade online in different segments including equity, commodity, derivatives without any hassle.
Let’s now find the major features provided by the depository participant to offer a better trade experience to its clients.
PNB Demat Account App
Here you can use the trading app of any of the above-mentioned stockbroker to gain a hassle-free trading experience:
- Market information on a single screen
- Advanced charts
- Real-time market updates
- Portfolio tracker with advanced features
- Free Research Calls
- News Feed
- Notification & Alerts
Using this feature, you can pick stocks, create watchlists, analyze using the research reports and advanced chart features, manage portfolios, etc.
So why wait for more to get in link trading account with the PNB Demat account to have an advanced and better trade experience.
PNB Demat Account Login
To log in to the PNB Demat account, just enter your client ID and Password. The client ID is the one sent to you once your Demat account is activated and successfully linked to the PNB.
Once login, choose the segment and stocks you want to trade or invest in and grab the valuable trading experience.
PNB Demat Account Reviews
PNB is one of the oldest banks and is offering great services and a good customer experience in banking services. The same goes with its Demat services.
With collaboration with the top and renowned stockbrokers, it offers a hassle-free experience to its clients.
Now the Demat account services can be clearly depicted through its mobile trading app performance the review and ratings of which is provided in the table below:
Since all the apps mentioned above have an average rating that clearly depicts that it lacks in offering satisfactory trading benefits and services to its clients.
Is PNB Demat Account Good?
Now after a complete review and details, here comes the question: Is PNB Demat account good enough?
Since PNB is not directly indulged in the stock market because of certain risks involved. This makes it a little risky for traders and investors to rely on such depositories for trading and securing their Demat shares.
To make the decision simpler for you here are some of the benefits and drawbacks of a PNB Demat account:
PNB Demat Account Advantages
Let’s begin with the benefits of opening a Demat account with PNB:
- Offering you the advantage of a 3-in-1 account
- Have a tie-up with some of the known full-service stockbrokers like SMC Online, Geojit, IDBI Capital, and Aditya Birla.
- It is one of the oldest banks in India and hence reliable.
- Provides research calls for free.
- Charges no additional brokerage.
PNB Demat Account Disadvantages
When PNB has a brand identity and credibility then are there any drawbacks of using its services?
Well! there are, and it is generally because of passive involvement of the bank in offering Demat Services.
Some other disadvantages are:
- The stockbrokers with which the bank has tie-up are comparatively new.
- Trading apps have average ratings, thus not offering a better user experience to their clients.
- Unlike other stockbrokers, it charges AMC fees from the very first year
PNB Demat Account Closure Form
Many times, traders or investors quit trading or switch their stockbrokers. In such cases, it is always better to close the existing account to avoid paying any additional fees or charges in the form of AMC.
So, if you too are looking forward to stopping using Demat account services of PNB close it today by filling an account closure form.
Here is one thing one must consider, the account opening process is completely offline, and hence either you have to visit the nearby branch or download the form and send it via courier or other postal services to the headquarter.
Other than this, one must keep the following things in check before closing the account:
- Make sure that there are no pending dues with the stockbroker.
- Transfer all your existing shares to another operative Demat account.
- Mention the appropriate reason for closing the account.
Once submitted, it usually takes 7-10 business days to close or deactivate the services.
PNB Demat account gives you the facility and benefit of trading with the 3-in-1 account. The bank-based depository participant comes up with the trading opportunity in different segments and hence one can trade across segments using the advanced trading app.
Above, all the broker comes up with the free account opening process and no additional brokerage fees for providing this service.
So open a Demat account now. Get in touch with us and we will assist you in opening a Demat account online for FREE!
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