2. Demat Account
A demat account helps investors hold shares and securities in an electronic
format. This kind of account is also called a dematerialised account. It also
helps to keep proper track of all the investments an individual makes in
shares, exchange-traded funds, bonds, and mutual funds in one place.
4. Benfits of Demat Account
●Seamless and fast transfer of shares
●Facilitates digitally secured storing of securities
●Eliminates theft, forgery, loss and damage of security certificates
●Easy tracking of trading activities
●All-time access
●Allows to add beneficiaries
●Automatic credit of bonus stocks, rights issues, split shares
5. Demat Account Services
●A Demat account provides a digitally secure and convenient way of holding
shares and securities. It eliminates theft, forgery, loss and damage of physical
certificates. With a Demat account, you can transfer securities immediately.
Once the trade is approved, the shares are digitally transferred to your account.
●A Demat Account does not require any 'minimum balance' of shares or
financial securities to be held in it. Also, you can hold more than one Demat
Account linked to a single PAN.