STEP 1.

sms RUDRA to 56767

What is Demat account.

The term DEMAT(Dematerialized Account) Account refers to a deposit made at an Indian

financial institution that can be used for investing in shares of stocks and other financial

assets. It is like a bank account and can be used to store securities stored in an elec-

tronic form. Some Examples are:

- Stocks

- Mutual Funds

- Bonds

- IPO

STEP 2.

STEP 3.

To open a DEMAT Account

- Select the DP (Depositiory Participant)

- Fill up the account opening form

- Furnish proofs

- Provide original PAN card

STEP 4.

Advantages of DEMAT

- Reduction in papaerwork

- Reduction in transaction cast

- Automatic credit into demat accont of shares

- No risk

- No signature mismatch

- Traction costs are usually lower

DEMAT account Facts

- you can open multiple DEMAT account.

- Can have maximum 3 account holders

- No changes in account holder names

- Can have nil balance