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SMS ALERTS (SMART) FACILITY FOR CDSL DEMAT ACCOUNT HOLDERS

CDSL is pleased to announce the launch of CDSL SMART (SMS Alerts Related to Transactions) services w.e.f. from October 01, 2007. CSDL SMART is SMS services being made available to all demat account holders who have accounts with CDSL. To avail this facility, CDSL demat account holders will have to get themselves registered and provide their mobile numbers to their DPs.

The SMART messages would be sent to demat account holders who have subscribed for the facility. The SMART messages would initially be sent for all types of debits, subject to a maximum of four ISINs, and for credits into the account due to IPO and corporate actions. CDSL reserves the right to change the frequency of intimation and the triggers that generate SMS alerts.The SMART alert service is presently not available to Clearing Member accounts, Client Beneficiary accounts or Client Margin Accounts. The Terms & Conditions-cum-Registration / Modification Form is attached herewith(see Annexure-A).


Procedure for Registration

  • The demat account holders desirous of availing the service will have to approach their DP. The DP will hand over a Terms & Conditions-cum-Registration / Modification Form (Annexure-A) for availing the service. Demat account holders can also download the Form from CDSL / DP website. Demat account holders will complete the Form and hand over the same to the DP.

  • If the Form is properly filled, then DP shall enter the same on the CDAS system.

  • Welcome message will be sent by CDSL to the mobile numbers registered.

  • The SMART service will be activated for the demat account holders as per details given in the terms and conditions mentioned in Annexure-A

Procedure for Cancellation

  • If the demat account holders intends to cancel the registration from the SMART facility, the Cancellation Form (see Annexure-B), will have to be filled up and given to the DP. The DP shall verify the demat account holders signature(s) against those present in the CDAS system.

  • DP shall enter the cancellation request in the CDAS system.

  • Cancellation message will be sent by CDSL to the mobile numbers registered.

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