Demat Account

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What is a demat account?

Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder will have a Dematerialized account for the purpose of transacting.

Access to the Dematerialized account requires an internet password and a transaction password. Transfers or purchases of securities can then be initiated. Purchases and sales of securities on the Dematerialized account are automatically made once transactions are confirmed and completed.

There are two types of demat account: -

  1. Basic Services Demat Account (BSDA)
    This account is for the investors whose holding value of investment certificate or securities does not exceed over a couple of lacs. Hence, the maintenance charge is low, annually.

  2. Regular Demat Account
    The only difference between this kind and BSDA is in terms of charges. For a Regular demat account, the charges are more. However, they are worth for the convenience and services that it offers.

Why open a demat account with us?

Opening a demat account with us is a hassle-free process as your demat account would be a totally paperless account based on Aadhaar. This single account will help you manage all your investments in one place. One can use this account to trade in stocks, futures & options (F&O), as well as currencies at a flat rate.

There are many benefits of opening a demat account: -

  • Less paperwork
  • All the investments are held in electronic form.
  • Low risk
  • Fast working

What Are The Things You Should Know?

There are many benefits of opening a demat account: -

  1. Depository Participants (DPs)
    The financial institutions like banks and brokers who are empowered to offer demat account services are called Depository Participants. There are two kinds of depositories: CDSL and NSDL. This means that both these depositories hold details of your shareholding on your behalf, similar to banks that hold your money in different kinds of accounts.

  2. Electronic Certificate
    You own a portion of the company’s assets when you buy a share. There are three essential things that you need to start trading in the stock market: savings account in a bank, trading account and a demat account. To prove this ownership, you are entitled to receive a certificate.

  3. No Minimum Balance
    There is no minimum balance for you to hold a demat account. In fact, there is no minimum number of securities that you require to keep your account running.

  4. Portfolio Holding
    A demat account reflects all the stocks, bonds, mutual funds, exchange-traded funds, securities, and others, that you trade in too, in an electronic form. Every time you make a purchase, you demat account gets credited. And when you make the sale, the securities are removed from your account.

  5. Unique Identity Of Transactions
    When you register with a stock broking firm, you receive a unique trading ID which is used to conduct transactions. When you trade, you are required to deposit money in your demat account to place order for a stock. Once your order is executed, the shares are forwarded to your demat account using the unique ID.