Lifetime FREE Credit Card with 10X rewards
Most Searched
Top Products
Popular Searches
Bank Accounts
Populer FAQs
Signature is important and it is required to avail various products and services. To upload your signature
1. Go to More
2. Select Customer Service Dashboard
3. Select ‘Savings/Current Accounts’
4. Select ‘Upload Signature’ to upload your signature.
That's easy! Follow these steps to track your service requests:
1. From the home page of the app, tap on "Customer Service" section
2. Scroll down to "Track my service requests" to find all your requests
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account NowEnjoy Zero Mark-up on Forex Transactions on your FIRST WOW! Credit Card
Apply NowFinance
Summary: If you have a Demat account with a depository participant of NSDL, you can use the NSDL SPEED-e mobile application. But why use SPEED-e? Go through the benefits of SPEED-e and find out why it’s preferred for NSDL income tax payment and more!
National Securities Depository Limited (NSDL) has been rolling out various initiatives to facilitate internet and mobile application use for its services. STeADY allows brokers to deliver contract notes electronically while DAN is an online depository for account validation. With IDeAS, clients can get the updated balances of their Demat accounts. The SPEED-e electronic facility is featured as another such NSDL service for Demat account holders. If you have a Demat account with a depository participant of NSDL, you can use the SPEED-e mobile application.
Through SPEED-e, retail investors in the stock market may not only access Demat holdings but also carry out activities like confirming e-DIS and e-voting. They can avail the SPEED-e facility if their DP (Depository Participants) has registered with NSDL SPEED-e registration. How to access it? Use the SPEED-e login! You can find that out directly from your DP with your NSDL ID or log on to eservices.nsdl.com to find out the list of DPs registered to offer NSDL SPEED-e services. Besides, the mobile number of the sole holder or first/second/third holder must be registered with the Demat account for e NSDL related notifications.
Being an online facility, NSDL SPEED-e is making life easier for retail investors in many ways, not to mention facilitating NSDL income tax payments. Here’s a look at the features of SPEED-e and its benefits -
NSDL SPEED-e, an initiative of the National Securities Depository Limited (NSDL) in India, offers an array of online services to Demat account holders. Its top features include -
SPEED-e users receive prompt updates on delivery instructions as e-NSDL updates them, streamlining financial processes.
With SPEED-e, investors can submit delivery instructions online, eliminating the need for physical submission to DPs.
Submit margin pledge instructions easily through SPEED-e.
Participate in e-voting events, which simplifies shareholder involvement.
Handle mutual fund redemptions and repurchases seamlessly.
Submit both off-market and pledge-related instructions.
Avail features like multiple authorisations and freezing options, ensuring account security.
Efficiently manage and execute NSDL income tax payments.
NSDL SPEED-e, also called E-NSDL has revolutionised the way India approaches income tax payments. These online platforms not only offer unmatched convenience but also ensure secure and transparent transactions. For taxpayers seeking efficiency and simplicity, NSDL's digital solutions are a boon. Here are some benefits –
Avoid long queues and manual paperwork. This makes tax payments faster.
With e-NSDL, pay taxes without the need to visit banks or tax offices.
NSDL SPEED-e ensures all online transactions are encrypted and safe from threats.
It notifies users instantly about payment statuses and any updates.
Receive detailed receipts and payment confirmations immediately.
Accessible from any device. The platform's user-friendly interface makes browsing and paying straightforward.
Reduce paper waste by eliminating the need for physical forms.
Maintain and retrieve payment histories effortlessly .
To register for and avail of the NSDL speed-e facility, you can choose either password-based or e-token-based access.
To register as a Password-based user, follow the below-mentioned steps:
The DP authorises the registration request online and will notify you through e-mail. Clearing Member(s) will authorise the request for the addition of a pre-notified account through SPEED-e. If the CM has not subscribed to the SPEED-e facility, you will have to submit a consent letter in a prescribed format from CM to your DP. Once the DP authorises, you can access the NSDL SPEED-e facility. You can submit delivery instructions once CM authorises the addition of a pre-notified account.
Follow the below listed steps to register as an e-token user:
Joint Demat account holders can use SPEED-e service through one of the joint holders authorised by other holder(s) through a Power of Attorney. Smart card access allows multiple authorisations by joint holders. The entire NSDL speed e-registration process, be it password-based or e-token-based process, emphasises user accessibility while ensuring data protection. Furthermore, the SPEED-e login provides an intuitive user-friendly experience. It is worth noting that the platform’s inclusivity also extends to joint Demat account holders, showcasing NSDL's commitment to catering to a wide range of users.
Password-based access is provided based on the credentials you know, viz., your user ID and password. Both the user ID and the password are alphanumeric; the user ID can be three to eight digits, while the password must be eight to sixteen digits.
E-token access is provided based on what you have and know, i.e., the e-token and the PIN, respectively. In e-token use, the DSC authenticates that the person possessing the e-token and the PIN is gaining access. Unlike password-based access, e-token users can enjoy additional benefits of SPEED-e. This includes -
To convert from password-based access to e-token-based access, you must discontinue password-based access. To do so, you can go to the SPEED-e menu and select the “Change Service” option. You must also click on the check box to disable any or all the services availed. The DP will process your request for revocation. After the revocation request is accepted, you must follow the registration steps as an e-token user.
NSDL was established in 1996 and is currently one of the largest depositories in the world. Its SPEED-e is beginning to make trading and services easy and convenient for the millions of Demat account-holding retail individual investors in India. If you don’t have a Demat account, you can open one with IDFC FIRST Bank. Its instant Demat account opening process is paperless, and there are no account opening charges as well. Enjoy an AMC-free first year with the IDFC FIRST Bank Demat account and start your stock market investor journey.
NSDL SPEED-e is an innovative electronic service provided by the National Securities Depository Limited (NSDL) to facilitate the efficient and secure handling of Demat account transactions. Essentially, NSDL SPEED-e acts as a digital platform that enables Demat account holders to submit delivery instructions electronically, eliminating the need for physical submissions to their depository participants (DPs).
This initiative by NSDL is a clear reflection of the ongoing shift towards digitisation in the financial sector, ensuring that transactions are not only quicker but also more transparent and user-friendly. Through NSDL SPEED-e, the process of managing securities becomes streamlined, offering investors an enhanced experience with minimised operational hassles.
The SPEED-e process refers to the electronic method introduced by NSDL for Demat account holders to submit their delivery instructions online, rather than using traditional physical DIS (Delivery Instruction Slips). Initially, users need to register for the SPEED-e service, choosing either password-based or e-token-based access. Upon successful registration, users can access the platform by logging in through the SPEED-e portal.
Here, they can submit instructions related to the transfer of securities, pledge securities, and even manage mutual fund transactions. The platform provides real-time updates, ensuring that users are always informed about the status of their instructions. All submissions through SPEED-e are encrypted and secure, emphasising data protection.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.