Simplified online process for NSDL demat account holders to avail SPEED-e facility

NSDL has launched a simple online process to enable demat account holders to avail NSDL’s Internet based SPEED-e facility. The registration process can be completed online without the need to visit office of your DP.

Steps to Register are given below –

  1. Visit NSDL e-Services website
  2. Click option New user registration → SPEED-e → REGISTER
  3. Select option A) Clients → Password Users
  4. Fill up the details online.
  5. Add CM BP ID(s) of your Clearing Member (Stock broker) under Pre-notified Account. You may add upto 6 members.
  6. An One Time Password (OTP) will be sent on the mobile number and email ID registered in the demat account.
  7. Validate your registration request using the OTP received.
  8. Upon successful validation of OTP, registration request will be sent to concerned DP and Clearing Member(s) for authorisation.
  9. DP will authorize the registration request electronically and inform you through email.
  10. Clearing Member(s) will authorise clients request for addition of pre-notified account through SPEED-e facility Incase, your Clearing Member has not subscribed to SPEED-e facility, then you need to submit a consent letter in a prescribed format from CM to your DP.
  11. You will be able to access SPEED-e facility after authorisation by your DP and may submit delivery instructions after successful authorisation of addition of pre-notified account by Clearing Member.

Detailed information is available at Circular No. NSDL/ POLICY/2020/0054 dated April 29, 2020.

Leave a Reply