What are the advantages of opening demat account?
The holding and transfer of Securities in the Depository System is accomplished through the use of electronic book entries. Shares, NCDs, and other debt securities can be purchased and held by Demat account holders. They may access the account in the same way as they would a bank account, with the following benefits and security features:
You won’t have to pay any stamp duty on the transfer of securities.
Securities are transferred immediately and quickly.
‘Bad Deliveries’ are no longer accepted.
Elimination of risk due to loss, theft, mutilation, and so on.
Faster settlement and distribution of corporate advantages such as bonuses, rights, dividends, and so on.
Mismatches in bank accounts and addresses are eliminated.
Nomination facilities that are convenient.
Convenient Transmission formalities in the event of a holder’s death.
TDS is not deducted on Demat securities.
The consumer receives Demat account information and statements on a regular basis.
One of the major advantages of opening a demat account is the fact, that you will be able to buy and trade in securities. As a stockbroker we also offer such an account and in fact, we are offering Free Demat-Cum-Trading account.