The NSDL Insta demat account facility can also be used by clients for various purposes such as applying for an initial public offering (IPO) and a new fund offer (NFO). The account for customers that can reportedly be opened within one minute. Federal Bank is not happy with its legacy treasury management system. Involving zero paperwork, the account can be set up via FedNet, the bank’s online portal, making Federal Bank the first in India to offer the service.
The bank can now offer stock market investors and traders instant savings and demat accounts and a doorstep service for opening of trading accounts. This has been achieved through strategic agreements with major stock broking houses.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.