How can I get dividends directly to the bank instead of the cheque? Is there any online application?

The process to receive dividends directly in your bank account is called 'link your demat account and the bank account'.

To link these two accounts, you will have to contact your Demat service provide or DP. If you have your demat account with your stockbroker, please contact him.

General steps to link your demat account and bank account:

1. Contact your demat account provider (your broker or bank).
2. They will send you a PDF form or ask you to send an email request.
3. Provide your demat account and bank account information.
4. Provide a canceled cheque of your bank account.
5. Send them to your demat account provider.

That's it, once received; the information is updated into the system in 2 days. As soon as your bank account is linked to your demat account, you will start getting dividends directly in your account.