SMS Alert facility provides important updates to Clients on their mobile phones about some of the activities in their depository accounts, which facilitates risk mitigation and provides value added services. Clients and Participants have widely appreciated this facility.
With effect from May 20, 2017, NSDL has enhanced its SMS Alert facility whereby Pledgor Client will receive SMS alerts upon initiation and confirmation of securities pledged in their demat accounts. These SMS Alerts will be sent to the Clients on the same day when instructions for pledge initiation / confirmation are processed in respect of the pledgor demat account.
Sample text message of SMS Alerts is given below:
- a) Pledge Initiation:
On ________ (date, dd/mm/yy), Pledge initiation instruction for _____ (quantity) _______ (company name), has been submitted in respect of your demat a/c no. xxxx1234. NSDL.
- b) Pledge Confirmation:
On ________ (date, dd/mm/yy) Pledge initiation instruction for _____ (quantity) _______ (company name), has been confirmed in respect of your demat a/c no. xxxx1234. NSDL.
Demat account holders of NSDL will now receive SMS alerts directly from NSDL for following:
- All Debit Transfers
- Credits for IPO, sub-division and bonus
- Failed instructions
- Overdue instructions
- Change of mobile number
- Change of address
- Debit of Mutual Fund units
- Invocation of pledged securities
- Registration and De-registration of Power of Attorney
- Modification / Cancellation of nominee name
- Pledge initiation and confirmation
No charge is levied by NSDL to Participants for providing this facility to investors.
Further details about this circular are posted on NSDL website www.nsdl.co.in.
(Ref: Circular No. NSDL/POLICY/2017/0029 dated May 17, 2017)