Simplified online process for NSDL Demat account holders to avail SPEED-e facility
NSDL has
launched a simple online process to enable Demat account holders to avail
NSDL’s Internet based SPEED-e facility. The registration process can be
completed online without the need to visit office of your DP.
Steps to Register
are given below -
1.
Visit NSDL
e-Services website https://eservices.nsdl.com.
2.
Click option New
user registration ? SPEED-e
3.
Select option A)
Clients ? Password Users ? REGISTER
4.
Fill up the
details online.
5.
Add CM BP ID(s)
of your Clearing Member(s) (Stock brokers) under Pre-notified Accounts. You may
add upto 6 members.
6.
An One Time
Password (OTP) will be sent on the mobile number and email ID registered in the
Demat account.
7.
Validate your
registration request using the OTP received.
8.
Upon successful
validation of OTP, registration request will be sent to concerned DP and
Clearing Member(s) for authorization.
9.
DP will
authorize the registration request electronically and inform you through email.
10.
Clearing
Member(s) will authorize client’s request for addition of pre-notified account
through SPEED-e facility. Incase, your Clearing Member has not subscribed to
SPEED-e facility, then you need to submit a consent letter in a prescribed
format from CM to your DP.
11.
You will be able
to access SPEED-e facility after authorization by your DP and may submit
instructions after successful authorization of addition of pre-notified account
by Clearing Member.
Detailed
information is available at Circular No. NSDL/ POLICY/2020/0054 dated April 29, 2020.