Demat Account – Your Gateway to Digital Investing
What is a Demat Account?
A Demat (Dematerialized) Account is an electronic account used to hold financial securities such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs). It eliminates the need for physical share certificates, making trading seamless and secure.
What is a Demat Account?
- Safe & Secure :- Eliminates the risk of loss, theft, or damage to physical share certificates.
- Easy & Paperless Transactions :- Enables buying and selling of securities online without paperwork.
- Faster Settlements :- Reduces transaction time, with shares credited or debited instantly.
- Cost-Effective :- Saves on stamp duty and handling charges related to physical shares.
- Access to Multiple Investments :- Hold and manage shares, mutual funds, bonds, ETFs, and government securities in one place.
How Does a Demat Account Work?
- When you buy shares, they are credited to your Demat account.
- When you sell shares, they are debited from your account.
- It is linked to a trading account and bank account for seamless transactions.
How to Open a Demat Account?
Choose a Depository Participant (DP):
Banks, brokers, and financial institutions offer Demat accounts.
Submit KYC Documents:
PAN card, Aadhaar, bank details, and a passport- size photo.
Complete In-Person Verification (IPV):
Securely to verify your identity ,Done online or physically, Complete In- Person Verification.
Get Your Account Details:
Once approved, you’ll receive a Demat Account Number (BO ID) to start trading.