What Is Demat Account Content

By Author: Arjun
Total Articles: 1
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An individual can open their Demat account by registering with an investment broker or a sub-broker. Access to a Demat account requires an active internet connection and a transaction password that is provided after the successful opening of a Demat account. The first step in opening a Demat account involves selecting a depository participant who acts as an agent to the depository. It will be followed by filling out the account opening form and submission of identity proof, address proof, PAN card, and a passport size photograph. A detailed description of all the acceptable documents can be found on the official website of the financial institution. Once an investor has agreed to the terms of the agreement and charges, an in-person verification is initiated. After the processing of the application is done, post verification, a client ID, or an account number is provided. It can be used by an investor to access their Demat account online. An investor can use this account for buying and selling shares, stocks, and derivatives and use it as a storehouse for the stock portfolio. With a Demat account, an investor will also need a ...
... trading account and a stockbroker for carrying out the purchase of sales of shares. A trading account typically reflects the history of buying and selling in a specific account. It is the duty of the broker to transfer the shares to a Demat account of the investor after the amount for purchase is paid before the pay-in date. It is compulsory for an investor to have a Demat account in order to purchase shares as trading equity involves the delivery of shares.