Karnataka Bank offers Depository Services (i.e. Demat Account facility) to its customers to hold securities in dematerialized form. Bank has registered as Depository Participant (DP) with Central Depository Services (India) Ltd. (‘CDSL’ is one the Depositories in India.)
Kind attention - Demat account holders of the Bank
As per CDSL guidelines, Demat accounts without valid Mobile number, Email Id & Income range will be converted to inactive status after 31/07/2021. Please contact your Branch or Demat Section of the Bank (0824-2228319/320 or dpktkbank [dot] com) for further details and submit the required details/documents before 31/07/2021.
Bank also provides Trading facility through ‘3-IN-1 account’ tie up with Way2Wealth Brokers Pvt. Ltd and Demat & Trading facility through ‘2-IN-1 account’ tie-up with IIFL Securities.
3-IN-1 Account facility:
‘3-IN-1 account’ is a facility in which your Savings & Demat account will be with the Bank & Trading account will be with Way2Wealth Brokers Pvt Ltd.
2-IN-1 Account facility:
‘2-IN-1 account’ is a facility in which your Savings Bank account will be with the Bank and Demat & Trading account will be with IIFL Securities.
Bank is providing both these ‘3-IN-1 & 2-IN-1 account’ facilities on Referral & Non-risk Participation basis.
KBL Smart Trade a/c facility is available for existing customer of Karnataka Bank.
IIFL TEAM WILL CONTACT YOU