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About Demat Account Opening All Details
Opening a demat account provides several benefits to investors such as compulsory electronic settlement of trades, safety of holding securities electronically, no stamp duty on transfers, instant liquidity, and ease of transactions. A demat account must be opened with a Depository Participant (DP) of a depository like CDSL. Investors can choose to open additional demat accounts with the same or different DPs. Standard documents like PAN card and address proof must be submitted during account opening. Demat accounts can be opened by individuals, jointly or in the name of a minor or trust. Account details can later be modified and securities can be transferred between accounts. Investors are updated on transactions through account statements and online facilities from
Detailed Information
Author: | ['a_kaarthik'] |
---|---|
Publication Year: | 2010 |
Pages: | 8 |
Language: | English |
Format: | |
Price: | FREE |
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