NSDL had launched SMS Alert facility for demat account holders on September 1, 2007. This facility enables investors to receive alerts for debits (transfers) that take place in their demat accounts. These alerts are sent if the debits (transfers) are up to five ISINs in a day. The SMS alert facility is now enhanced as follows:
(1) In cases of debits (transfers) for more than five ISINs, alerts are sent with a message that debits for more than five ISINs have taken place and that the investor can check the details with the DP or on IDeAS website, if the investor is an IDeAS subscriber. In such cases, the following message is sent to the account holders :
"Securities of more than 5 companies (ISINs) debited from ur demat a/c No ________ (Client ID) on __________ (date, dd/mm/yy). Check details with ur DP or on IDeAS website if subscribed..NSDL"
(2) Investors can receive alerts for credits that have taken place in their demat accounts in respect of corporate actions for IPO and offer for sale allotment. In such cases, the following message is sent to the account holders:
" ______ (number of shares) shares of ____________ (Company Name) credited to your demat a/c no_________ (Client ID) on __________ (date, dd/mm/yy) in respect of Public Offer...NSDL"
The SMS alert facility is available to the investors provided they have given their mobile numbers to their DPs and the DPs have captured the numbers in the computer system and have also enabled (ticked) the SMS flag in their system.
No charge is levied by NSDL on DPs for providing this facility to investors.
