Learn How To Open Demat Account

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Learn How To Open Demat Account
The stock market has become digital and from
certifications to trading of the equities,
everything is done online. To carry out these
functions a separate and special kind of account
is supposed to be opened in the bank, named
demat account. The account makes trading of
securities safe, easy, convenient and time and
cost efficient.
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Why is a Demat Account needed?

• For every shareholder, it is mandatory to open
  demat account. Here is the list of reasons for
  which this account is needed
• It is an electronic (dematerialized) form of
  share ownership certification.
• Helps to manage the shares.
• Helps in trading the shares.

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How to open a demat account?
It is very easy to open a demat account. How to
open demat account can be learnt by following
the mentioned steps
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• Step 1 Fill the query/account opening form
  online.
• Step 2 Submit the query/account opening form
  along with the photocopies of documents related
  to identity and address proof.
• Step 3 Sign an agreement related to the rights
  and duties in the depository standard format and
  get a copy of the same.
• Step 4 The demat account will be opened and
  Beneficial Owner
• Identification Number (BOID) will be given to the
  shareholder.

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Advantages of Demat Account
Demat
account
has made the
functions of the
stock market,
faster, easier and smarter. Here is the list of
the impressive advantages of this special
account
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• No paperwork is required to get the shares
  certified on purchase.
• Reduced cost due to elimination of materialized
  certification.
• Time-efficient.
• Different instruments, like equities and debt can
  be managed and traded on a sole account.
• Updates on the demat shares can be received.
• It is easy, safe and convenient to use.

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• Lower transaction cost.
• Shares are transferred instantly.
• Elimination of stamp duty at the time of
  transferring shares.
• Investors can work from anywhere.
• At the time of change in address, updating the dep
  ository
• participant is enough to get the new address
  registered with all the other companies.
• There is no specified minimum lot limit to sell
  or purchase the
• equities. Even one share can be sold or purchased
  at a time.

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Demat account is a boon to the share market and
has proved to be very helpful in carrying out
the functions very smoothly, effortlessly and in
a jiffy. So what are you waiting for? Open your
Demat Account now without any further delays.