DEMAT account
 

DEMAT account

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DEMAT is a safe and convenient way to hold securities as it allows immediate transfer of securities. View the presentation to know the use of a DEMAT account, its benefits and more.

DEMAT is a safe and convenient way to hold securities as it allows immediate transfer of securities. View the presentation to know the use of a DEMAT account, its benefits and more.

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  • Full Name Full Name Comment goes here.
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  • how to apply for demat account
    im very much interested in taking kotak in demat and im proud to say that im a member of kotak
    love u kotak securities total my family is waiting for kotak can u plz suggest how to take demat step by step
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  • Hi @manohartammisetty, Please email us your contact details on kotaksocial@gmail.com so we can get in touch and give you more information about DEMAT account. Until then you can read about it here: http://bit.ly/DEMATfaqs
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  • what is DEMAT account
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  • Benefits of DEMAT• Benefit to the Company: The depository system helps in reducing the cost of new issues due to less printing and distribution cost. It increases the efficiency of the registrars and transfer agents and the Secretarial Department of the company. It provides better facilities for communication and timely services with shareholders, investor etc.• Benefits to Brokers: The depository system reduces risk of delayed settlement. It ensures greater profit due to increase in volume of trading. It eliminates chances of forgery. It increases overall of trading and profitability and also increases confidence in investors.
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  • The term Dematrefers to a dematerialized account for individual Indian citizens to trade in listed stocks or debentures in electronic form rather than paper, as required for investors by the Securities and Exchange Board of India (SEBI).Kotak Securities, an award winning ("Best Broker in India" by Finance Asia) brokerage firm in India offer online trading services & <a href="www.kotaksecurities.com/whatweoffer/demataccount.html">live share market</a> update & insights.

DEMAT account DEMAT account Presentation Transcript

  • DEMAT Account Demystifying Stocks
  • Introduction • Indian capital markets have seen an unprecedented boom in its activity in the last 15 years in terms of number of stock exchanges, listed companies, trade volumes, market intermediaries, investor population, etc. • However, this surge in activity has brought with it numerous problems that threaten the very survival of the capital markets in the long run, most of which are due to the large volume of paper work involved and paper based trading. • Since the paper work was not matching the rapid growth, there was a need for a better system to ensure removal of these impediments. • At this time DEMAT account was introduced to counter all these problems.
  • What is a DEMAT account? • DEMAT refers to a dematerialized account. Just as you have to open an account with a bank if you want to save your money and make cheque payments etc in the same way you need to open a DEMAT account if you want to buy or sell stocks. • It is similar to a bank account where actual money is replaced by shares. DEMAT account can be opened with any depository. • A depository is similar to a bank. It holds shares, which belong to investors, in electronic form. The investor has to open an account with the depository, through a Depository Participant. • The DP is an intermediary between the depository and the investor.
  • Depository Participant • In India, there are two depositories, viz., National Securities Depository and Central Depository Services. Most banks are DP participants, as are many brokers. A broker is separate from a DP. • A broker is a member of the stock exchange, who buys and sells shares on his behalf and on behalf of his clients. • A DP will just give you an account to hold those shares.
  • Benefits of DEMAT • DEMAT is a safe and convenient way to hold securities as it allows Immediate transfer of securities. There is no stamp duty on transfer of securities. • Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc. • There is a major reduction in paperwork involved in transfer of securities. • Change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately. • Automatic credit into DEMAT bonus/split/consolidation/merger etc account of shares, arising • Holding investments in equity and debt instruments in a single account. out of
  • Benefits of DEMAT • Benefit to the Company: The depository system helps in reducing the cost of new issues due to less printing and distribution cost. It increases the efficiency of the registrars and transfer agents and the Secretarial Department of the company. It provides better facilities for communication and timely services with shareholders, investor etc. • Benefits to Brokers: The depository system reduces risk of delayed settlement. It ensures greater profit due to increase in volume of trading. It eliminates chances of forgery. It increases overall of trading and profitability and also increases confidence in investors.
  • Is a DEMAT account necessary? • Nowadays, practically all trades have to be settled in dematerialized form. • Although the market regulator, the Securities and Exchange Board of India (SEBI), has allowed trades of up to 500 shares to be settled in physical form, nobody wants physical shares any more. • Therefore a DEMAT account is crucial for trading and investing.
  • Thank You • READ MORE Twitter Website Facebook
  • Disclaimer: Kotak Securities Limited, Registered Address: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai 400 051. Correspondence Address: 6th Floor, Kotak Infinity, Building No. 21, Infinity Park, Off Western Express Highway, General AK Vaidya Marg, Malad (East), Mumbai 400097. Tel no: 66056825. SEBI Registration Numbers: NSE INB/INF/INE 230808130, BSE INB 010808153 / INF 011133230, OTC INB 200808136, MCX-SX INE 260808130/ INB 260808135/INF 260808135 , NSDL IN-DPNSDL-23-97, CDSL IN-DP-CDSL-158-2001, AMFI ARN 0164. Compliance Officer - Mr. Sandeep Chordia. Tel. No: 022 6605 6825. Email id: ks.compliance@kotak.com. In case you require any clarification or have any concern, kindly write to us at below email ids: • For Trading Account related queries: service.securities@kotak.com • For Demat Account related queries: ks.demat@kotak.com. • • Alternatively, you may feel free to contact our customer service desk at our toll free numbers 18002099191 or 1800222299. You may also call at 30305757 by using your city STD code as a prefix. In case you wish to escalate your concern / query, please write to us at ks.escalation@kotak.com and if you feel you are still unheard, write to our customer service HOD at ks.servicehead@kotak.com.