Depository Account Services
D-Mat Account Introduction:- D-Mat - an abbreviation of dematerialization , allows investors to hold share certificates and securities in electronic form insted of physical form, Demat Accounts is like a bank account. like in bank accounts you electronically hold money, in deamt account you hold shares electronically.
What is meant by demat account? :- D-Mat Accoount is an account that is used to holds shares and securities in electonic format. The full form of Demat account is a dematerialsied account... The charges of Demat account vary as per the volume held in the account, type subscribed, and the terms and conditions laid by the despository and the stock broker.While trading online D-mat account is used to hold shares and securities in dematerialised /electronic formst. under dematerialisation, your share certificates are converted form physical form to electronic form so as to increase their accessibility . you need a Demat Account number to settle trades electronically.
What is D-Mat account and its benefits? :- One of the biggest benefits of demat account is that it allows traders and investors to hold their shares and securities in electronic format. This makes the entire process of trading, investing, holding and monitoring shares and securities much faster, easier, cost- efficient and convenient.
Is D-Mat account safe ? :- When you open a demat account you have to indicate to your DP whether you want to actually open the demat account with the NSDL or CDSL....Hence , for all purposes you do not worry about the safety of your shares held with your DP. They are safe and secure as any asset can be.
Who maintains D-Mat account ? :- A demat accounts ( short for Dematerialized account ) is an account to hold financial securities ( equity or debt) in electronic form. in India Demat accounts are maintained by two depository organisations, national Securities Depository Limited and Central Depository Services Limited.
What are the features of D-Mat account ? :-
- Easy share transfers..
- Faster dematerialisation & rematerialisation of securities..
- Pledging facility to avail loan.
- Freezing demat accounts.
- Multiple accessing options
- SPEED E- facility
- Corporate benefits & acyions
What are the aims and objectives of D-Mat account? :-
Aims and objectives of D-Mat account are to hold all the share in electronic or dematerialized form.
To hold the certificates of an investor's financial instruments like bonds, government securities, shares, mutul funds and exchange traded funds insted of giving the physical possession of certificates to him.
Disclaimer :-
Meghama Capital ( Meghama Wealth Management Services ) Only act as between client and the company inviting or Accepting Fixed deposit , known as principle company, Naither company,Employee certified the information provided by the Principle Company and shall not be liable under any condition.
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