123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Demat Account : A World Of Opportunities

Profile Picture
By Author: Vijay K Shetty
Total Articles: 2542
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Most people are well versed with the stock market and would like to trade in the stock exchange. The most knowledgeable shareholder makes a huge sum of money by gauging the financial situation and the economic climate. However, to invest in the share market today, it is necessary for all to open a demat account. Demat account refers to dematerialized account.

Through a demat account, you can buy, sell and transact without hefty paperwork or encumbering any delays. It is thus convenient, safe and secure. For newcomers, a demat account is just like a bank account except for the fact that the money is replaced by electronic shares that you can buy, sell or transact with. This minimizes the need for keeping any physical documents as supports to your share transactions.

To open a demat account you need to approach a bank. Indian financial governing bodies NSDL and CDSL have approved a set of depository participants (DPs) where you must open your demat account. Opening a demat account gives you the electronic authority over your shares which you could transact with. However, opening a demat account is not compulsory ...
... for trading in the stock market. The Securities and Exchange Board of India (SEBI), has allowed trades of up to 500 shares to be settled in physical form, but considering the ease of use of demat accounts and the control it gives over your assets, most people prefer demat accounts.

To open a demat account, you need to pay four kind of fees to the DPs – the account opening fee, the annual maintenance fee – which is levied in advance, the custodian fee – this is charged monthly and transaction fee – that depends on the kind of transaction. At the discretion of the DP, the account opening fee may be waived off.

So open a demat account, start trading in shares and discover endless opportunities.

Vijay K Shetty,
Get more information on Demat account opening, Loan Against Property

Total Views: 243Word Count: 336See All articles From Author

Add Comment

Investing / Finance Articles

1. India Vix: The Fear Gauge That Traders Rely On
Author: Chandan Sharma

2. Mortgage Loans In Hyderabad: Beyond Homes, Building Long-term Assets
Author: anilsinhaanni

3. A Complete Guide To Commercial Funding: Types, Pros & Cons
Author: Express Loan Services

4. How Commercial Property Loan Options Are Opening New Doors For You
Author: Truhome Finance

5. Stock Market Mentor
Author: Stock Market Mentor

6. Msme Statistics And Economic Impact In The Philippines
Author: MSME

7. How To Find The Best Equity Release Interest Rates: A Comprehensive Guide
Author: Financeadvisors

8. How Housing Finance Solutions Are Becoming Simpler Day By Day
Author: Truhome Finance

9. Bridging Loans Finance Lenders: The Bottom Line
Author: Bull Venture Capital

10. Why Low Interest Personal Loans In Hyderabad Are Perfect For Young Earners
Author: anilsinhaanni

11. Professional Ipo Advisory Services In India – Guiding Businesses From Private To Public
Author: Indiaipo.in

12. Comparing Different Online Pay Methods: Upi, Wallets, And Cards
Author: Saloni Mehta

13. 7 Common Myths About Term Insurance That Need Debunking
Author: Saloni Mehta

14. How Perth Settlement Services Support First-home Buyers And Investors
Author: Amelia Brown

15. Key Factors To Consider Before Choosing A Financial Advisor
Author: sonihegde

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: