What is a demat account? Account through
which it or they are Kridfrokht
in the stock market. Shares and Securities Investor
hereby Ilecror Nick
Foform can keep up.
Securities in the
process of replacing the physical
format 'Dimetiriylaijeshn says. And the short form of 'frozen' is.
How to open a demat account ? Open
demat accounts is as easy as opening a savings account . You need your PAN
number, opening demat accounts with bank statements and salary slips will have
to be submitted by filling the form . Current account as soon as you purchase
shares - can sale .
How much it cost the cost of opening an
account is between Rs 300-700 . Also you have to pay annual maintenance charge
, which is different for different companies to demat .
You can put more than one demat account
? You can keep multiple demat accounts . But a company can create a maximum of
three accounts . In many cases take more than one demat account is mandatory .
For example, if your name is on Securities and Securities joint with some other
member of your family , you will need two demat accounts .
If the stock market or market -related
questions in your mind, then mail it to us with the answer to your question we
will publish bizquestion@dainkbhaskar.com .
Benefits
of Demat
A safe,
secure and convenient way for holding securities; Immediate transfer of
securities; No stamp duty on the transfer of securities;
Elimination
of risks that are associated with physical certificates like bad delivery, fake
securities, thefts, delays, etc.;
Reduction in paperwork;
Reduction in transaction cost; No odd lot
problem (even one share can be sold); Nomination facility;
Change in address recorded with DP gets
registered with all companies in which investor holds securities
electronically;
thus eliminating the need to deal with each of
them separately;
The transfer of securities is done by DP
eliminating correspondence with companies; Automatic credit into DeMat account
of shares, resulting from bonus/split/consolidation/merger etc.
Facility of holding investments in equity as
well as debt instruments in a single account
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