The Hindu Business Line : Transfer your shares through mobile phone

Mumbai, Nov. 17 Investors can now submit share delivery instructions for pay-in purposes through their GPRS-enabled mobile phones using a new facility by National Securities Depository Ltd.

This service will especially benefit investors who are always on the move, said Mr Gagan Rai, MD and CEO, NSDL.

For registered users

Called SIMPLE (Submission of Instruction through Mobile Phone Login Easily) this facility will allow investors to submit their delivery instructions to transfer securities to their broker account (clearing member pool account) for pay-in through GPRS handsets.

Investors have to register for “SPEED-e service”. This is a facility to submit delivery instructions through the net, as a “Password User” through NSDL Depository participants.

The GPRS facility allows handset users to access the Internet.

“Upon successful login to the SPEED-e Web site, the option to submit instructions, view ISINs and Settlement Calendar will be available on the user’s mobile phone. The user will be able to use any of these options using the keypad of the mobile phone or by touching/clicking the screen of the mobile phone if it has an inbuilt touch-screen feature,” a news release from NSDL said.

“NSDL has over 1 crore customers maintaining their demat accounts with it.”

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