Shares and securities in India are held electronically in a dematerialized account and that dematerialized account is also known as the Demat account. It is a very good thing as the person who is purchasing shares does not have to tke any kind of physical possessions of the certificates and hence can have only this Demat account.
What is a Demat Account? A Demat account is basically an account which is opened by the person who invests in the stock market and with this account a person gets registered with an investment broker. To make the electronic settlements of the trade possible, this Demat account number is issued to that person. To have the access to this Demat account a person will be issued with an internet password and also a transaction password. After this a person can easily move on to his purchases or transfers. This is how you get the answer of the question that how to open a Demat account? Advantages of a Demat Account This Demat account has a lot many advantages coming along with it. Some of the major advantages of having a Demat account are that it helps a person in making immediate transfers of the securities. Another very big advantage of having this Demat account for the Demat Shares is that it is very easy and convenient to hold securities with a Demat account Also this thing has really reduced the paper work as everything is now digitalized and hence become much more easier and also very quicker. Apart from all these advantages, there is one very big advantage which comes along with this Demat Account and that is that it has reduced the transaction costs a lot and hence helping the people by a huge extent. A person can also have this Demat account by opening a Demat account online. To open a Demat account online a person just only needs an internet connection and right from his home a person can easily open a Demat account for him and that too very easily. This way of getting this account is getting more and more popular nowadays and a lot of people are using this way to get themselves a Demat account.
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September 2017
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