Qualified Depository Participant (QDP) is a SEBI registered Depository Participant authorized to facilitate the investments by Qualified Foreign Investors (QFIs) & Non Resident Indians (NRIs). Now any Qualified Foreign Investors (QFI) & Non Resident Indian can easily invest in Indian Stock Market by opening a Demat account with a Qualified Depository Participant (QDP).
Benefits of availing services of QDP:
- Only one Demat account with any one of the Qualified DPs
- Multiple trading accounts with one or more SEBI registered stock brokers
- Transactions through one designated overseas bank account, repatriation/ remittances to be transferred to the same account
- The sale proceed of equity shares to be repatriated within five working days of credit of funds to the single rupee bank account of the QDP
- Clear segregation of funds in the rupee pool account with appropriate records including audit trails on an ongoing basis.
Services we provide as a Qualified Depository Participant (QDP):
We provide the following services in India as a SEBI registered Qualified Depository Participant (QDP) in zero friction manner at most competitive prices. We have been granted QDP Registration by both the Depositories e.g. NSDL & CDSL.
- Opening the Investor Accounts under a self regulated mechanism.
- Administration of the transactions
- Open Centralized Financial Services Account
- For centralized services to investors, due diligence on the QFI obtaining PAN card and KYC conclusion
- Complete Account Servicing using their Automated Order Management System
- Open the QFI's share trading account with their designated broker
- Offer ERP based Custodian Clearing & Settlement
- QFI & Private Banker reporting through their direct log-in facility
- Local compliance including holding of tax deduction and payments
- Remittance of funds back to the investors in their designated convertible currency under the QFI instructions
To know more about us, visit https://www.alankit.com/
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Trustline offers depository services to its investor clients in India.
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