Manage Your Investments with SIB Demat Account

South Indian Bank’s Demat Account offers a secure, paperless, and efficient way to manage your investments. It converts physical securities into electronic form, ensuring safety, easy accessibility, and quick transactions. Effortlessly hold, monitor, and transfer shares, bonds, mutual funds, and other investments, all with the assurance of reliability and convenience.

Secure Holdings: Keep your investments safe from physical damage, theft, or loss with electronic storage.
Effortless Transfers: Transfer your securities quickly and seamlessly without paperwork.
Simplified Tracking: Track and monitor all your investments online in one place.
Transparent and Accessible: Enjoy competitive fees, clear processes, and easy accessibility anytime.

Opening a demat account with SIB is simple and customer-friendly. Follow these steps to get started:

Online:
Using the Mirror+ App:

Log in to the Mirror+ app.
Go to the “investments” section and select “NSDL Demat Account.”
Submit your Aadhaar card and other required details.
Receive account details on your registered contact upon verification.

Using SIBerNet (Net Banking):

Log in to SIBerNet.
Navigate to the “Invest” tab and select CDSL/NSDL Account Opening.
Submit Aadhaar card, PAN, and other required details.
Account details will be sent after successful processing.

Physical Application:

Visit your nearest South Indian Bank branch.
Collect and complete the Demat account opening form (CDSL/NSDL).
Submit the form along with:
- Self-attested copies of PAN, address, and identity proof (originals required for verification).
- Bank details like the statement or cancelled cheque with the applicant’s name.
- Passport-size photographs.
Receive your unique BO ID (Beneficial Owner Identification) upon successful processing.

Statutory Charges at the time of Account Opening	Free
Advance/Deposit	Nil
Account Maintenance	Rs.200/- +GST for accounts other than Corporate accounts. Rs. 1,000/- +GST for Corporate accounts.
Dematerialisation	Rs.75/- +GST for accounts other than Corporate accounts. Rs.1,000/- +GST for Corporate accounts.
Rematerialisation	Rs.10/- +GST for every 100 securities (maximum Rs.5 lakh) or Rs.10/- +GST per certificate, whichever is higher.
Transaction (Debit)	Rs.25/- +GST
Pledge Creation	Rs.100/- +GST
Pledge Creation confirmation	Nil
Pledge Closure	Rs.100/- +GST
Pledge Closure confirmation	Nil
Pledge Invocation	Nil
Failed instruction charges	Nil
Destatementisation	Rs.50/- +GST per SOA
MF Redemption	Rs.25/- +GST

General info

Corporate Office Address	Demat Cell Registered Address
South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India	South Indian Bank Ltd Demat Cell, 2nd Floor Shanu Tower , North Kalamassry, Ernakulam, 683 104, Kerala , India

Contact details

Details of Contact Person		Contact No.	Email Id
Client Servicing	Nivin Mathew Thomas	8800441248	demat@sib.co.in nivinmathewthomas@sib.co.in
Head of Client Servicing	Jayachandran S	9656670786	jayachandran@sib.co.in
Compliance Officer	Reny M V	9847285668	reny@sib.co.in

Convenient Access to Demat Account Information

CDSL EASI: For availing “EASI” Electronic Access to Securities Information, where by a demat a/c holder can view his holdings in internet, Log in to www.cdslindia.com register for “ EASI “Submit the form at DP for authorisation “CDSL SMART” SMS ALERT FACILITY of transactions /bonus/IPO Credits to the beneficial owners mobile. Register with DP using the form provided along with the opening form.
NSDL SPEED E: The users of SPEED-e can also check latest balances and transactions in their demat accounts through a facility called Internet-based Demat Account Statement (IDeAS) . Customers are advised to download NSDL SPEED-e app to get holding and transaction details in your demat account and valuation of your holding anytime anywhere.

IMPORTANT INSTRUCTIONS TO DEMAT ACCOUNT HOLDERS

Note: As per SEBI rule PAN card copy is mandatory for Demat Accounts from 1st April 2006. For Accounts suspended for Debit for want of PAN Card copy Beneficial owners should submit verified self-attested PAN Card copy to DP IMMEDIATELY for unfreezing of accounts

BENEFICIAL OWNERS ARE REQUESTED TO UPDATE BANK RECORDS WITH DP
BLANK AND SIGNED DELIVERY INSTRUCTIONS(DIS) SHOULD NOT BE LEFT WITH YOUR BROKER /DP
SUBMIT THE DIS WITHIN THE SPECIFIED TIME(Trading Day+1day before 3.30. pm)TO YOUR DP TO AVOID AUCTION &MONETARY LOSS
PLEASE CHECK NOMINATION IS ENTERED IN YOUR DEMAT ACCOUNT
IF NOMINATION IS NOT REQUIRED SUBMIT THE NOMINATION FORM SIGNED AS “I/WE DO NOT WANT TO NOMINATE”

Mandatory Updation of KYC Attributes of Demat Account holders

As per CDSL communique no. CDSL/OPS/DP/POLCY/2021/333 dated 29.07.2021 and NSDL circular No NSDL/POLICY/2021/0036 dated April 07,2021, it is mandatory to update all the Demat accounts with the following 6 KYC attributes:-

Name
Address
PAN
Valid mobile number
Valid email-id
Income range

For updating Address/PAN: Submit the duly filled Demat modification form & KYC sheet (hard copy) along with self-attested PAN copy & Address proof and passport size colour photograph to your nearest SIB branch
For updating Mobile no./Email id/Income range: Submit the duly filled Demat modification (hard copy) to your nearest SIB branch
Click here for CDSL Demat modification form
Click here for NSDL Demat Modification form

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day......................issued in the interest of investors.

Please find the KRA link and step by step KYC updation procedure

1. CVL KRA Link : https://www.cvlkra.com/

To check the KRA status visit the following link https://www.cvlkra.com/ under KYC Inquiry enter PAN number and CAPTCHA validation click on submit.
CVL KRA Validation link : https://validate.cvlindia.com/CVLKRAVerification_V1/

Customer need to click on CVL KRA validation link enter PAN number, Mobile Number, E mail ID registered in KRA portal, OTP will be delivered to customer’s registered mobile and E mail validation link to registered e mail id, Client need to validate both Mobile and E mail id for KRA completion

2. NDML KRA Link : https://kra.ndml.in/kra-web/jsps/pos/KYCClientInquiry_NEW.jsp

To check the KRA status visit the following link https://kra.ndml.in/kra-web/jsps/pos/KYCClientInquiry_NEW.jsp enter PAN number and CAPTCHA validation click on submit.
NDML KRA Validation link : https://kra.ndml.in/kra/ckyc/#/initiate
Customer need to click on NDML KRA validation link enter PAN number and CAPTCHA à Click on submit à Enter Mobile Number , E mail ID registered in KRA portal , OTP will be delivered to customer’s registered mobile and E mail validation link to registered e mail id, Client need to validate both Mobile and E mail id for KRA completion.

Grevence Redresal

Procedure for filing complaint on SCORES – Easy & Quick :
a. Register on SCORES portal
b. Mandatory details for filling complaints on SCORES
i. Name, PAN, Address, Mobile Number, E-mail ID
c. Benefits :
i. Effective Communication
ii. Speedy redressal of the grievances

Demat - Online Dispute Resolution Institutions for the resolution of Investor complaints - https://smartodr.in

HELP US TO REACH YOU

Now opening a Three in One account in South Indian Bank has become more easy. Just provide us with your details and our representatives will be at your doorsteps to help you all the way.
Click here to enter your details

Download Forms Here
CDSL Demat Opening Form for Individuals

NSDL Demat Opening Form for Individuals

CDSL Demat Account Opening Form for Other Entities

NSDL Demat Account Opening Form for Other Entities

CDSL Dematerialisation request

NSDL Dematerialisation request

CDSL Account Details Addition/Modification/Deletion Request Form

NSDL Account Details Addition/Modification/Deletion Request Form

CDSL Mutual Fund Destatementization

NSDL Mutual Fund Destatementization

Investor Charter

Demat Services and Inestor Charter

Apply Now

QUESTIONS & ANSWERS

Frequently Asked Questions

To get answers to the frequently asked queries

A Demat account allows you to hold securities such as shares, bonds, and mutual funds in electronic form. It is essential for secure and easy trading, eliminating the risks associated with physical certificates.

You can open a Demat account by visiting any South Indian Bank branch or applying online. You will require documents including identity proof, address proof, a passport-sized photograph, and a PAN card.

Yes, annual maintenance charges (AMC) apply. These charges vary based on the type of account. Please refer to the fee schedule for specific details.

Absolutely. South Indian Bank provides online access to your Demat account, allowing you to view holdings, track transactions, and manage your portfolio from anywhere.

Shares can be transferred by submitting a transfer request through your account. Electronic transfers are typically completed within 2–3 business days.

No minimum balance is required for a Demat account. However, applicable fees such as AMC will continue to apply, even if the account is inactive.

Inactive accounts may still incur AMC charges. After a certain period of inactivity, reactivation may be required for future transactions.

Yes, you can open and manage multiple Demat accounts across different banks or depository participants.

South Indian Bank ensures high levels of security for Demat accounts, with secure electronic holdings that reduce risks associated with physical documents.

You can close your Demat account by submitting a request at any South Indian Bank branch. Ensure that all dues are cleared and holdings are transferred or sold before initiating closure.

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