Below are the sources through which Client can submit instruction for Block Mechanism.
Display Order
4
Description
Pay-in instructions (both EPI and Non-EPI) must be submitted to the Depository system with the 'execution date' between the trade date and pay-in date (within stipulated time before pay-in deadline). In case the client submits a pay-in instruction before that, say before the trade date, the 'execution date' should be on or after the trade date. If the client submits an instruction with an 'execution date' before the trade date, such instructions may be rejected. Participants are requested to take note of the same and inform their TMs/CMs/Clients suitably.
EPI instruction through Block Mechanism is not mandatory but it’s optional. Normal existing Early Pay-in process through CM pool account shall also continue and remain unchanged. The Account Transfer or Inter Depository Transfer (IDT) with block facility for transferring the securities from client’s demat account to the CM’s account will be always initiated with Early Pay-in facility in NSDL system. Upon execution of instruction with block with EPI facility, the securities immediately gets blocked and details are shared with respective Clearing Corporation (CCs) so that client gets EPI benefits.
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