One must get benefitted by a demat account, There are some reasons to have a demat account:
1 Safe and convenient way of holding securities.
2 Easy and instant transfer of securities.
3 If the securities are held in Demat account, No stamp duty is charged on transfer of securities.
4 Risk of losing physical stock Certificates, thefts and bad delivery of Shares is eliminated.
5 Less paperwork required in transactions..
6 Single shares can be bought or sold through a demat account.
7 Address change once recorded with DP gets registered with all companies, the stocks of which are held by investor.
8 Dividend and credits are automatically released.
Tags :
online, open, account, opening, demat