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Demat Account

Demat Account, Trading Account, Stock Market Trading, Online Trading
Q. What are the benefits of opening a demat account?
A.

The benefits of participation in a depository are:

No AMC for the first year*
Quick transfer of securities
No stamp duty on transfer of securities
Elimination of risks associated with physical certificates such as bad delivery, fake securities, etc
Reduction in paperwork involved in transfer of securities
Reduction in transaction cost
Nomination facility
Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately
Holding investments in equity, debt instruments and Government securities in a single account
Automatic credits into demat account, of shares, arising out of split/consolidation/merger etc.
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