Is it possible to give delivery instructions to the DP over Internet?
Yes. NSDL has recently launched a facility for delivering instructions to your DP over Internet, called SPEED-e. The facility can be used by all registered users.
How does SPEED-e work?
You can submit delivery instructions electronically, on the SPEED-e website , after your DP has authorised you to operate your account through the SPEED-e facility. You can monitor the status of such delivery instructions to ensure that the instructions have been executed.:
How can I, as a Demat Account-holder / Clearing Member benefit from SPEED-e?
The benefit offered by SPEED-e to a demat account holder / Clearing Member is the convenience of conducting demat account transactions using an Internet connection from anywhere at anytime eliminating paperwork. Time and efforts for obtaining delivery instruction forms from your DP and submitting them to the DP every time you sell securities is saved. .
How can I register myself for SPEED-e?
Integrated is registered with NSDL for providing SPEED-e facility for demat account holders. There are two types of users for this facility, one is password based user who logs in with his password and can transfer securities only to three pre-specified broker accounts of his choice. The second is the smart-card based user who is issued a smart card for logging on to the site and can transfer the securities to any account. A password user can visit the SPEED-e website, fill-up the registration form available on the website. The website would allot a registration number and the DP of the client would authorise him for using the facility upon submission of a request with the registration number
A smart card user can download the form from the website, fill it and submit the same to its DP. The DP will process the form and enable the client for using the facility. The smart card user will also be issued a smart card reader and a smart card.
How does one operate jointly held Demat Accounts through SPEED-e?
For password based operation, only one user can operate the account. Joint holders will have to give a power of attorney to one joint holder among themselves. For smart card based operation, in addition to what is stated above, all the joint holders can operate the account independently or jointly using multiple authorisation facility.
