If you have physical shares certificates and want to transfer them for online trading then you can do so by opening a demat account. A demat account is used to store the shares electronically. To trade online you need to open a demat account and a trading account. The demat account is used to store the shares and the trading account is used for trading online. You can open a 2-in-1 demat and trading account at any depository participant.
To open a demat and trading account you need to do the following
CDSL and NSDL are the two depositories in India. The list of depository participant for demat account opening is available online on the two websites. Why to trade online The many benefits of trading online are
How to convert the physical shares to demat You can convert the physical shares to demat only if they are in your name. You have to submit the shares to the DP. The DP will check the certificates and update your demat account. The physical shares after being transferred online are defaced. How to choose a depository participant If you choose a bank as a depository participant then you get quick processing, easy accessibility and convenience. The banks have a number of branches and some banks allow you to access the demat account from any branch. Some banks also offer online access to the demat account. The other depository participant for demat account opening process are brokers and financial firms.
1 Comment
2/20/2023 02:11:43 am
Thanks for sharing such a informative blog! Your professional looking invoice is ready in an instant. And you can drop in your business logo to give it the personal touch.
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