According to Sanjay Tandon, the depository service will reduce handling of huge volumes of paper work, eliminate all risks associated with physical certificates like loss, theft, forgery and mutilation and eliminate bad deliveries. In addition, it would also reduce transaction costs and facilitate stock lending and borrowing.

The company has offered the facility of opening an account within a minute at the counter as the DP is the first in and around Chandigarh with on-line connection. Demat instructions are punched on the same day as the receipt of documents and delivery is sent directly intopool account.