Understand the Complete Uses of Demat Account

A demat account acts like a bank vault or repository for your shares and other financial securities. You must also be aware of different types of demat account such as BSDA, regular demat account, repatriable, and non-repatriable demat account before opening one. 


A demat account facilitates ease of trading i.e. buying and selling securities becomes easier if you have a demat account. Transferring shares from one demat account to another is also possible. You can also use a demat account to monitor your holdings and investment portfolio. It can be accessed from anywhere from a laptop or mobile these days. Moreover, you can hold different securities in it and it eliminates the costs like stamp duty that is associated with physical or manual trading. 


Online trading with a demat and trading account is easier, and it also saves our time. The information regarding upcoming IPOs can also be traced via a demat account. Corporate benefits like stock splits, dividends, bonus shares, rights issue, etc. are directly credited to your demat account. All these uses of demat account make it one of the main necessities for trading and investing in the stock market.

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