Demat And It’s Benefits.
Just like Smartphone’s are convenient and beneficial to use than telephones, similarly holding securities in Demat form is more convenient and hassle free than holding securities in physical format.
So have a look at what is Demat account and its benefits.
The Demat Account is an account in which all shares & securities are held electronically.
The person holding securities in physical form can convert into electronic form, this process is known as Dematerialization.
All you need is open an Online Demat Account.
You can also convert your existing physical portfolio into electronic form through Online Demat Account with us.
Benefits of Online Demat account:
- Negligent transaction cost
- Easy transfer of security
- No worry of losing physical share certificate
- Hassle free & convenient way of holding securities
- Share splits & bonus shares automatically credited to account
- No paper work
- Multiple access option
- No odd lot problem, even one share can be sold
- Dematerialization & Rematerialization of securities
- Elimination of mismatch in bank account & address
- Elimination of bad deliveries
- Highly Secured
- Easy to Transact
- Any change made on Demat account gets auto reflected in all the securities held in Demat account.