Monday 13 May 2013

How Is Demat Account Safe and Convenient

Demat Account basically refers to dematerialized account and is used for trading and investments made in shares. With Demat Account assures a quick and easy of way of buying and selling of shares. It escapes the individuals from the tedious procedures of filling in paper work. The buyer or the account holders just have to take care of the purchase and sale and rest all vital details will be taken care by Depository Participants. The Depositary Participants are called DP and they help in reflecting the monthly account statement of the shares just as in case of the normal bank account. With Demat account one need not to show any certificate for the purchase and sale of the shares, the holder can remain free from all complexities.

Demat account can be the matter of apprehension of numerous in the arcade but actually these accounts are highly safe and convenient to operate and indeed rescues individuals from paper work and tedious complexities. Usually the DP helps the individual to open the necessary account and guides through the official details. One can see for the register DP on the NSDL and CSDL sites, and can get the necessary information; DP wills indeed guide the account holder through all the requisite formalities. One can ideally nominate on these account, shares are available in the electronic forms. Individuals can also have the transaction cost being quickly transferred; also shares automatically get credited to the account of the holder and indeed skip the paper work. The method of operation is quick, easy, convenient and secure and indeed helps the individual in skipping the time taken during trading and helps in avoiding signature and loss of certificates and other important physical details. The account holder helps the individuals in rescuing from stamp duty and other formalities. The account can be opened before the first security is being purchased and one share can be sold as per the choice of the individual. Multiple demat account can also be opened as per the convenience and can be operated by multiple individuals.

For all those seeking to have the Demat account can get it done from the banks, usually bank don’t charge for the accounts but few banks do charge nominal fees. On monthly basis some small amount is charged for debiting and crediting securities from account and keeping the individual well updated with all important details. Few Depositary Participants charge for only debiting facility but others charge for both, it may vary.
Kumar Share Brokers Ltd. is a professionally managed corporate broking house. We offer all financial services like Trading In Stock Market, Equity Trading,Currency Trading, Commodity Trading, Nifty Trading,online Share trading, online trading accounts and free demat account as well.

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