SPEED-e is a common Internet Infrastructure that enables the Depository Participants (DPs) to provide depository services to their clients. Demat account holders (including Clearing Members) subscribing to this facility can submit delivery instructions to their DPs through SPEED-e website https://eservices.nsdl.com, instead of submitting delivery instruction slips (in paper form) to their DPs. The users of SPEED-e can also check latest balances and transactions in their demat accounts through a facility called Internet-based Demat Account Statement (IDeAS) and monitor the status of execution of instructions.
If you wish to avail of this facility, you have the option of password based or smart card based access to SPEED-e. For password based access, you should fill up an online registration form by choosing your own 'User-Id' and 'Password' and then submit the duly filled-in registration form in person to your DP and sign an agreement with the DP. The DP will authorise your request and thereafter you can start using SPEED-e with the User-Id and password.
For smart card based access, you should fill up the 'SPEED-e Application form' available on the SPEED-e website or can be obtained from your DP and then submit the duly filled-in form to your DP. After you sign an agreement with the DP, your DP will register you as a smart card user by assigning a User-Id and help you procure a Smart Card Kit, Digital Signature Certificate (DSC) and Personal Identification Number (PIN). Install the Smart Card Kit on to the computer and with the User-Id, DSC and PIN, you can start using SPEED-e.
In password based operation, the access is given on the basis of "What you know (User-Id & Password)". The User-Id should be 'Alphanumeric' with minimum of three and aximum eight characters. The password also has to be 'Alphanumeric' with a minimum of eight and maximum of sixteen characters.
In smart card based operation, the access is given on the basis of "What you have" (smart card) and "What you know" (the PIN). The smart card based operation affixes digital signature to the transactions which is non-repudiable and authenticates that only the person possessing the smart card and knowing the PIN has submitted the instruction.
The password users using SPEED-e can deliver securities only in favour of Clearing Members (Brokers). At the time of registration, the user must notify the details of Clearing Members (upto a maximum of three) in whose favour the credit can be effected. These Clearing Member accounts are referred to as Pre-Notified Clearing Member accounts. It is not necessary that the Pre-Notified Clearing Member is also a user of SPEED-e.
SPEED-e is an Internet website that receives the delivery instructions from the registered users. These instructions are downloaded by the DPs, in batches, from the SPEED-e website for execution in the DP's depository system. The status of execution of instructions is updated on SPEED-e website. The information regarding balances and transactions in demat accounts is available to the subscribers of IDeAS. Thus, you can check balances in your account, submit delivery instructions to your DP and verify the status of execution of those instructions.
The most important benefit of SPEED-e is the convenience of submitting delivery instructions. You can access the SPEED-e website from anywhere in the world at any point of time, check balances in your account, submit the instructions and track its status.SPEED-e eliminates the requirement of having to give the delivery instructions in paper form. Further, if you are a smart card user, you get an added benefit of freezing account(s) / ISIN(s) and / or specific quantity of securities under an ISIN through SPEED-e, which cannot be unfrozen even by your DP.
IDeAS (Internet-based Demat Account Statement) is the facility for viewing balances and transactions in the demat account updated on an online basis with a delay of maximum 30 minutes.
NSDL has launched a facility called IDeAS from January 1, 2004 for investors to view balances and transactions in demat accounts updated on an online but not real time basis. This facility is available to all the clients including Clearing Members (CMs) who have opened an account with any of the Participants under NSDL system.
Clients can view latest balances along with the value based on the previous day closing price in their demat account. *
Client can view transactions that have taken place in their demat accounts during the last 30 days.
This facility is available to the Users of SPEED-e, Clearing Members who have subscribed to IDeAS and to those clients whose Participants are registered for IDeAS. A demat account holder or a Clearing Member will have the option to access IDeAS either as a Password or a Smart Card / e-Token User.
For more information on SPEED-e log on to :https://eservices.nsdl.com,
For more information on IDeAS logon to: https://www.nsdl.co.in/SPEED-e.php and select IDeAS.
Disclaimer : While care has been exercised by NSDL compiling Price / NAV file. NSDL does not warrant completeness or accuracy of information and disclaims all liabilities, losses and damages arising out of use of this information. For any specific/latest information, you may contact the respective Stock Exchange / Mutual Fund.