Demat account

[spooja00752]

Demat account is it free ? which is the best company ?

[KartikBhatt]

A Demat account is an account which holds the Securities or shares of the investors in electronic form. Investors can open a Demat account with any firm of your choice. Having a Demat account is mandatory to invest in the Stock Market. In fact it is highly helpful. It is also a very secure way of holding securities. It leads to eliminating the risks of theft or any kind of damage as in the case of physical paper certificates for various things. Everything is managed digitally, so transfer of shares is quite fast and simple. Demat accounts in India are provided by many stock brokerage firms. IIFL Securities is among the leading Stockbrokers in India. You can open a Demat account with them. They offer almost all kinds of financial services. They have a very proficient research team to help the investors with all the financial matters. They provide online platforms to cater to all investment needs. The IIFL Securities App is a powerful platform with all the tools required to trade easily. A single Demat account allows you invest in equities, mutual funds, IPOs, derivatives and many more. You can also open your account online. Consider opting for their services and start investing.

[KartikBhatt]

 A Demat account allows you to hold your shares and other securities digitally. It makes the buying and selling process easy. It will help you convert your Physical Securities into electronic forms that will be easy to maintain. You can Dematerialization & Rematerialisation of Securities and other Corporate Benefits. The SEBI has made it mandatory to open Demat accounts who want to invest in the Share Market.
To open a Demat account, you need to submit documents to the service provider. These documents will help you complete your KYC and activate your Demat Account.
For Identity proof, you need to submit any of the following-
Aadhar card.
PAN card.
Voter card.
Driving license.
For Address proof. Any of the following documents you need to submit-
Electric bill.
Telephone bill.
Passport.
A Bank passbook is also required to authenticate your Bank account proof.
According to the Securities and Exchange Board of India (SEBI), PAN Card is mandatory to open a Demat account.
Although several charges start from a Demat account opening to the annual maintenance of the account, you just need to choose the Depository Participant. We also consider factors such as reliability, add-on services, and utility provided by the service provider. So before opening a Demat account, properly research every factor.