A demat account is a digital account for holding shares, securities & bonds electronically. Know the step by step process of demat account opening with Religare Broking. It is fast & fully secure for all your online investment.
Fill the correct basic details - Name, email ID, phone number, address & PAN card number.
Add your bank details like - Account number, account type, IFSC code etc.
Upload document like - passport photo, address proof & identity proof
Verify your identity by esigning through Aadhaar based OTP verification.
On successful verification your demat account will be activated.
Securities and Exchange Board of India (SEBI) has made it mandatory for stockbrokers to verify KYC documents before offering services. Here are the documents you must upload online to open a demat account
Here are the features of Religare Broking demat account which makes it stand out in the market:
Get access to a wide range of security investment options with Religare Broking demat account.
Before you open a demat account, it is essential to understand its purpose. A Demat or dematerialisation account is used to hold securities in electronic form as long as you want. It facilitates the process, through which securities are digitized or dematerialised. People used to carry physical trade certificates before the launch of this service in 1996 in India. Since carrying and storing trade certificates is challenging, you can now open demat account online with Religare Broking to start your investment journey.
A demat account allows you to build diverse portfolios. Stocks, derivatives, bonds, mutual fund units, and other securities are stored in this account. An investor is allowed to have multiple demat accounts for trading. However, ensuring that should be linked with the brokerage/trading account. Here are some benefits of demat account opening you must consider:
t is essential to dematerialize financial securities. You cannot always depend on physical trade certificates issued by stock exchanges. Physical certificates can get lost or stolen. With a demat account you don’t have to worry about anything, as securities are stored in digital form.
It offers easy access to your portfolio holdings. You can use a smartphone, laptop, tablet, or any other device to log in to your demat account. With enhanced accessibility, you can track your portfolio at all times.
Your securities are always safe in a demat account. These accounts are protected via several layers of authentication to prevent unauthorized access & password-protected. However, you must not share their passwords with anyone.
It allows faster settlement of trade. When you purchase securities via the brokerage account, they are credited to the demat account. Similarly, securities are debited from this account when you decide to sell them in the market.
It allows you to hold different types of assets. You can hold stocks, bonds, mutual fund units, or other securities within the same demat account. Since all your holdings are in one place, tracking them and making informed decisions becomes easy.
It saves you from stamp duty charges, as they hold securities in electronic form. Since you aren’t holding physical trade certificates, there will be no duty charges. Annual maintenance charges , custodian, and other charges are also nominal.
Below are the factors that needs to be considered before applying or choosing a demat account provider:
You must place an order via your brokerage account to purchase shares. You can place a market order to buy shares at the current market price. You can also place a limit or stop-loss order with the brokerage account. When your order is executed, shares are transferred to your Demat account. Similarly, shares are debited from your dematerialisation account when you decide to sell them. It will be checked whether you have the shares you are trying to sell. After verification, a sale order is placed.
You become the legal owner once shares are transferred to your demat account. They will not be debited from your account until you place a sell order via the brokerage account. After every purchase or sale, you will receive a confirmation. You can check the demat account to confirm your holdings anytime. The settlement of a purchase or sale order will happen automatically and overseen by the stockbroker. Besides stocks, this account helps with the trade of many other securities. You don’t have to delve into technicalities, as investors only place sale or purchase orders.
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