DEMAT ACCOUNT SERVICES

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DEMAT Account Services

Managing your finances such as equity or debt can be a hassle, given the tasks you perform every day. Thankfully the Depository Act of 1996 has made it easier for everyone to manage their financial securities in a few clicks. Instead of receiving physical copies of shares or other securities, a demat account helps you to leverage the benefits of an online trading platform where you hold your financial security on a standardised electronic system.

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Demat Account can hold below range of Securities

Stocks
E-Gold
Bonds
Government securities
IPOs
Exchange-traded funds
Non-Convertible debentures
Mutual funds traded on the stock exchange

Benefits of A Demat Account

Traders can make a transaction at their convenience, making it convenient and time-saving.
There is no tedious paperwork required to register transactions.
No risk of theft, delays, or forging of physical copies of share certificates, bonds, etc. since the securities are stored in electronic form.
You have a single integrated platform for holding debt as well as equity instruments.
Automated credits made to register demat account in case of bonus, splits, mergers, consolidations, etc.
Eliminates need for multiple communications: every stakeholder is notified of the transaction through electronic alerts removing the need to contact the company, trader, investor.
Address changes are updated with every company invested in by the investor through the Depository Participant.
One single share can be bought/sold unlike earlier when shares were transacted only in lots.
Removal of stamp duty costs which were otherwise associated with physical records of securities has led to significant reduction in the cost of trading.