As investors are aware, NSDL's SMS Alert facility for demat account holders enables investors to receive alerts for debits (transfers) to their demat accounts, credits in respect of IPO & offer for sale allotment and for failed instructions due to insufficient balance.
With effect from June 5, 2008, SMS Alert facility for demat account holders has been further enhanced. Investors can now receive alerts in respect of credits pursuant to sub-division and bonus.
The text of SMS alerts being sent to the account holders is as follows
Sub-division
"___ sub-divided shares of ______ (Company Name/ISIN as the case may be) credited on "Execution date" to your demat a/c no xxxx5678. Check with your DP or on IDEAS website if subscribed - NSDL”
Bonus
"___ shares of ______ (Company Name/ISIN as the case may be) credited on "Execution date" to your demat a/c no xxxx5678 in respect of Bonus. Check with your DP or on IDEAS website if subscribed – NSDL”.