Key Features of Banking Software for Easy Demat Transactions

• Have three-tier architecture that ensures that no-hackers can access one`s system and gives the bank, the depository account holder, the broker and its customer`s their peace of mind.
• Customers can do on market and off market trading and other transactions on their dematerialized shares
• Customer limits can be set.
• Brokers can view the transactions done by each of their customer over the Internet in form of reports. Brokers can set the limits for each customer.
• Depository account holder can maintain the account of each customer. This is done using a "Multi-currency" accounting method. It would also create electronic reports that can then be used to interface with the NSDL.
• Tree based navigation allows very easy use of the web site which saves time and effort and makes a customer come back for more.
• The bank can get more business by attracting more customers by offering this service and a one-stop shop for the customers for all their Demat transactions.
• Customer can get a confirmation that his order has been processed.
• The broker can be sure that the customer will be able to pay to buy shares or has the shares to sell as the broker will be able to see the customers account.
• The bank will be able to make commission on each transaction and also attract more customers because of this service
• The depository account holder will be able to attract more customers as this makes the whole process of transacting on dematerialized shares easier for the customer