Through this post, we’ll take you on a tour through India’s Top Demat Accounts. Here you’ll gain knowledge about which account offers lowest brokerage charges as well as which stock brokers provide various discount brokerage models or full service broking services.
Finance is at the core of our economy and every individual possesses financial intelligence within them. Don’t believe me? Once you read this post, I think you will agree. In today’s market-oriented society, our struggle has moved past finding food and clothing to finding better financial returns than before.
Now, we specialize in dealing in financial markets. From savings accounts and fixed deposits to buying and selling shares, stocks, debentures, commodities etc on the market – we do it all!
Out of every 10 people today, on average 5 or more hold shares individually in their name – right or wrong? As individuals we have increased the diversity of our investments options and realized the significance of stock markets industry.
What connects stock holding with trading on the stock market and us as investors? The answer lies within your DEMAT ACCOUNT.
What Is Demat Account (DAT Account)
In today’s modern era of online trading and buying/selling financial instruments, demat accounts provide you with a platform which enables this online. A Demat account acts as an enabler to buy/sell shares without going through all the paperwork involved with registration and acquisition processes.
Similar to any savings bank account, these financial instrument accounts hold shares, debentures and options instead of your cash.
Simply stated, demat accounts serve as a virtual vault where all your financial instrument holdings can be securely kept.
Demat Account Benefits and Offers It can be confusing trying to understand all that demat accounts offer; here is a brief outline. In addition to acting as a repository and platform for all your financial holdings, demat accounts offer many additional services such as:
Demat account is the cornerstone of successful entry and trade into the market, helping individuals purchase, sell and transfer shares within it.
This account not only houses your shares, but it also stores any dividends or interest earned on any financial instruments held within it – they will be directly deposited to it from time to time.
Launching a Demat account has many advantages; we can access our account from any location or via any mode (i.e. computer or phone). Furthermore, Demat accounts help convert physical shares to electronic ones more efficiently than before.
Your account balance and holdings can act as collateral security against loans you need for financing needs.
These accounts include a “Freeze” feature. When suspicious activity is identified in your account, simply freeze your account to prevent anyone else from accessing it – an effortless safeguard mechanism similar to credit cards that is easy and straightforward for use. Plus, accounts can be frozen/de-frozed according to individual needs!
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