What is Demat Account? How to Open Demat Account| How to use Demat Account? Demat Account Login Kaise Kare.
Friends, today we will tell you about Demat Account , what is Demat Account and how to open this account Friends, in today’s era, there will be very few people who have not heard about the share market and those who know about the share market. They also know what is demat account, in demat account share holder keeps his shares like we keep our money in bank account and investor buys and sells shares through this account which is opened by depository and it all things related to this is what the advantages are opened to demat account and where to open demat account all information related to the following, which we are offering you.
- What is Demat Account?
What is Demat Account?
Demat account is an account which are the stock deposits have purchased and are in mutual funds, debentures, units and security in the same account as well as the purchase of shares you have much to be a demat account to -frokht It is important that Demat Account works like a bank account in which you do not have your money but shares of a company, when you want to sell the shares of a company, it is transferred to another investor’s account from here, just like you.
Transfer money from bank account. Earlier this process was very difficult, earlier when you used to buy shares, the company used to give you its documents and when you had to sell the shares, all the documents had to be deposited in the company but since the depository had deposited the Demat Account.This process has become very easy.
What are the types of Demat account?
There are three types of demat accounts available in the stock market. These accounts are prepared according to the profile of the investors. Following are the types of Demat account.
Regular Demat A 6 count
A regular demat account is opened for the investor entering the stock market. You can open this account with any deposit CDSL or NSDL pun register broker. Shares are invested and traded electronically through this account .
Repatriable Demat Account
This account is for Non-Resident Indians. Through this account nri invest in stock market. NRIs can transfer funds abroad using this account. At the same time people can also add this account in year joint holder who should be an Indian citizen only. Nomination facility is also available in this demat account.
Non-Repatriable Demat Account
This account is also for NRIs but no funds can be transferred abroad from this account . In this account people do not need NRO bank account. This account is opened by those people whose income is available both in India and abroad.
What are the things to keep in mind before opening a Demat Account?
If you also want to open your Demat account, then you have to keep the following things in mind:-
- Accounts can be opened wherever one is located in his/her city and the same is secured electronically.
- If you want to buy and sell shares in India, then you must have a demat account.
- If you want to apply your shares in the initial public offering, then you must have a demat account.
- How to Open Demat Account
How to open Demat Account
When you open your account in a depository, that account is called a demat account, it is decided by our broker that in which depository he opens your account, to open this account two big depository company NSDL and NSDL in India as directed by SEBI There is CDSL which determines the Demat Account and you must have seen that these two companies also make PAN cards. which are the following.
1- NSDL
Considered to be India’s oldest and trusted depository, it was started in November 1996, whose full name is National Securities Depositories Ltd.
2- CDSL
- This is the second depository of India, which is related to BSE i.e. Mumbai Stock Exchange, it was started in February 1999, its full name is Central Depositories Services Ltd.
- You do not need to go to these two companies to open a demat account, you can open your demat account by going to any bank or stock broker.
- How to Open Demat Account What is Demat Account
certain stock brokers
Apart from this, you can also open your Demat Account with some special stock broker .
- Sherkhan Private Limited
- zerodha
- Angel Broker Private Limited
Documents required to open Demat Account
You need the following documents to open a demat account
- pan card
- Aadhar card
- Passport size photo
- bank bank account number
- Passport or Ration Card (for address proof)
- How to Open Demat Account
- What is Demat Account
demat account fee
Demat account opening fee varies from bank to stockbroker and there are annual maintenance charges which are charged once in a year.
Demat Account Nomination
For your information, let us tell you that the way you fill the name of the nominee in the bank account, FD, All Life Insurance, in the same way it is necessary to have a nominee in the demat account at the time when you fill the form to open the demat account, then the name of your nominee Please fill it is very important for your secure future. So friends, in this way you can open your Demat Account and you can also easily buy and sell shares from the stock exchange.
What is Demat Account. How to Open Demat Account.
