Demat Account Is The Stepping Stone To Stock Trading In India-hypersnap-dx

Stocks-Mutual-Funds Demat account is the stepping stone to stock trading in India Demat stands for dematerialized account and it is imperative to have a demat account in order to trade in the stock market in India. A depository participant is the right entity who is authorized to open a demat account, most of the stock brokerage .pany act as a depository participant and facilitate in opening of a demat account. Demat is just one service that .es under depository participant (DP), another important service is remat (just the inverse of demat-converting electronic securities into a physical form). Transfer of securities/change of beneficial ownership and settlement of trades done on exchange connected to the Depository are some more services offered under the depository participant domain. While opening a demat account apart from the mandatory formalities the investor has to sign an agreement with DP in a depository prescribed standard format that specifies the rights and duties of both the parties. The demat account number is conferred a BO ID (Beneficiary Owner Identification Number). Asit C. Mehta Investment Interrmediates Ltd. (ACMIIL) a highly esteemed brand in the Indian stock market offers online stock trading facilities by the URL-investmentz. The online trading site also plays the role of a depository participant and facilitates in EASI forms, demat/remat and DIS requests, modification and closure forms. There are many plus points of subscribing to investmentzs depository participant services. In stock trading it is the most safest and convenient way of holding securities. It also brings down the cost on transactions, investmentz in this regard cites a very good example, the charges of transactions through bank tellers is always costlier than ATM transactions, similarly dematerialised securities are cheaper than physical securities. Investmentzs depository participant services allow shifting of securities at just one click. Dematerialised securities is a highly time saving process .pared to physical securities in stock trading as it avoids paper work, stamp duty charges and transaction cost. As mentioned before, the whole process is less risky it prevents, thefts, forgery, delay in transfer and delivery failures. The depository participant services of investmentz also make it possible to trade odd-lot shares, making it possible to trade even single shares. The additional facilities of depository participant are as follows It offers nomination facility. Any kind of change in bank account details will electronically intimidate all .panies in which investors hold any securities. Depository participant themselves transfer the securities without involving the investors in any kind of correspondence with the .panies. Shares that .e from bonus, split, consolidation, merger etc. are automatically gets credited into investors demat account. Public issues shares are directly credited into demat account of the applicants in quick time. About the Author: 相关的主题文章:

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