NSDL has enhanced the SMS alert facility as under
(1) Intra day alerts
SMS alerts in respect of transfer of securities (i.e. debit to client account) are now sent on the same day for delivery instructions effected upto 7.00 p.m. In respect of delivery instructions effected after 7.00 p.m., SMS alerts are sent on the following day.
(2) Alerts for pay-in related instructions (from Client to Clearing Member Pool account) remaining in overdue status due to insuffi cient balance
After the introduction of partial settlement of pay-in instructions from client account to the Clearing Member (CM) Pool Account, the instructions to debit the account of the client where there are insuffi cient balances will remain in "Overdue" status and will be carried forward till the pay-in deadline for execution. For such instructions which remain in "Overdue" status, SMS will be sent to the client about the instruction remaining in "Overdue" status. For those instructions which get executed (either fully or partially) at pay-in deadline, an SMS in the regular course for debiting the account of the client will be sent.
The text of SMS alerts for instruction remaining in overdue status due to insuffi cient balance after the execution date is as follows:
"Insuffi cient qty in your demat a/c ________ (Client ID) for transfer of _______ (number of shares) shares of ____________ (Company Name/ISIN as the case may be). Available qty will get transferred by pay-in date ________ (date, dd/mm/yy)"
This has been informed to Participants vide circular Nos. NSDL/POLICY/2009/0030 dated April 22, 2009 and NSDL/POLICY/2009/0033 dated May 6, 2009.