SSPL Wealth P LTD is a registered member / Depository participant( Central Depository Services Ltd.) for providing DP services. Depository Participants (DP) act as intermediaries in clearing and settlement process between investors and depositors.
SSPL provides Depository services to individual and corporate investors.Why open with SSPL?
- A secured and convenient custodian to hold stocks and securities; (equity, mutual fund, bonds and debt instrument)
- Faster and secure transfer of securities;
- Change of address or bank account details can be digitally updated in all invested companies of the share and securities holders.
- Direct credit of shares and securities on Corporate actions like issuance of bonus, split, consolidation, merger etc.
- Direct credit of dividend to the investor bank account through ECS option.
- Beneficiary can view his holdings balances, transactions and value of the portfolio online through at one touch Easi facility.
- Eliminates the risks of physical certificates such as bad deliveries, fake securities, loss in transit, thefts etc.
- Eco - friendly paperless work in transfer of shares and securities;
- Lower and competitive transaction cost.
Other Services:-
- De-materialization of physical shares to electronic form and re-materialization of electric form to physical form.
- Inter and intra transfer of securities among the depositories.
- Pledging of shares for margins - Enhance your purchasing power.
- Nomination facility
- Transmission and transfer of securities
- SMS Alert facility.
Merchant Name: SSPL SECURITIES PRIVATE LIMITED
Steps to Pay UPI QR Code
Open UPI app > Select ‘Tap to Pay’ > Scan QR Code > Enter Amount
Depository FAQ
1. What is a depository? 
A depository is an organisation which holds
securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of
investors in electronic form at the request of the investors through a registered Depository
Participant. It also provides services related to transactions in securities.
2. Who is a Depository Participant?
A Depository Participant (DP) is an agent of the
depository through which it interfaces with the investor and provides depository services.
Public financial institutions, scheduled commercial banks, foreign banks operating in India with
the approval of the Reserve Bank of India, state financial corporations, custodians,
stock-brokers, clearing corporations /clearing houses, NBFCs and Registrar to an Issue complying
with the requirements prescribed by SEBI can be registered as DP.
3. What is dematerialization (Demat)?
De-materialisation is the process by which physical
certificates of an investor are converted to an equivalent number of securities in electronic
form and credited into the Beneficiary owners account with his DP.
4. Who is a Beneficial Owner (BO)?
When physical shares are converted in to electronic
form, the depository becomes 'Registered owner' in the books of the company and investors name
is removed from books of the company. Depository is holding shares in its records on behalf of
the investors who have opened a demat account with the depository. Hence all benefits are given
to the actual investor who is called as a “Beneficial Owner” (BO) of the securities.
5. Who is registered owner of Securities?
When securities of a company are held in physical
form by an investor, Name of the investor is recorded in the books of the company as a
‘Registered Owner of the Securities. Each certificate is identified by Folio number, certificate
number and distinctive range numbers.
6. Who is an RTA?
An RTA i.e. Registrar and Transfer Agent is an
agent of the issuer. RTA act as an intermediary between the issuer and depository for providing
services such as Dematerialization, Rematerialisation, Initial Public Offers and Corporate
actions.