Depository Services

Allahabad Bank was the first Nationalised bank in Eastern India to launch Depository Participant services from Kolkata with its own Server attached to the Premier Depository, National Securities Depository Services Limited (NSDL).

Inspired by the success of Depository Services, the Bank extended its Depository Functions through three major cities of Uttar Pradesh, Lucknow Varanasi and Kanpur and recently Mumbai was added to its growing list.

The contact details of all Depositories: -

At Kolkata-

Securities Department
Calcutta Main Branch
14, India Exchange Place,
Kolkata- 700 001
Ph.No : (033) 2220 7225/ 2220 3249
Fax : 2220 3015
E-mail : albcalm@cal.vsnl.net.in

At Mumbai –

D.P.Cell
Mumbai Fort Branch
37, Mumbai Samachar Marg,
Ground Floor, Mumbai- 400 023
Ph NO : (022) 2262 3224/ 2266 2018
Fax : 2266 1935
E-mail : fortdp@mum.allahabadbank.co.in

At Lucknow-

D.P.Cell
Lucknow Main Branch
Hazratganj, Lucknow- 226 001
Ph No : (0522) 228 8859
Fax : 228 8559

At Varanasi –

D.P.Cell
International Banking Branch
Taksal Theatre Building,
Nadesar, Varanasi- 221 002
Ph No : (0542) 250 4281
Fax : 250 7570

At Kanpur –

D.P.Cell
Kanpur Main Branch
The Mall, Kanpur – 208 001
Ph No : (0512) 233 1217
Fax : 233 1218

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Special features of DP Services of Allahabad Bank –

• Transaction costs one of the lowest among the Depository Participants.

• Delivery Instructions for Selling and Buying accepted on the same day i.e. on the date of execution upto 4 p.m.

• Special concessions for Investor having large volume of transaction.

• Special concessions for Clearing Members (Brokers) on the transaction charges.

• Courteous, Efficient and Personalised Customer Service.

• No Demat charges for shares of Allahabad Bank.

• Telephonic query for upto date holding.

Allahabad Bank also offers Credit facilities against Demat Shares at various branches.

DP Service Charges – For Beneficiary Accounts

Note

1. Annual Membership Fees will be taken upfront in first billing month. Annual Membership Fees will be charged on quarterly pro-rata basis for new clients.

2. Custody Charges will be realized at the end of the financial year. No Minimum or Maximum charges applicable.

3. Charges will be deducted from savings/current account to be opened by depository account holder.

4. All charges are subject to revision as and when decided by the DP.

5. *Instructions deemed at Client’s Risk

• Inter-depository transfer on the same day received after 14.00 hours.

• Off-market instruction with request to execute before 10.00 hours on the same day.

• Instructions submitted after 16.00 hours on the previous day of pay-in deadline.

NOTE:

Postage and other Out of Pocket Expenses to be realized on actual basis over and above the Service Charges

'Service Tax' to be levied extra as per circularized instruction.

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MISCELLANEOUS CHARGES

DP Service Charges - Clearing Members (Broker) Accounts

Note

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