Learn all about Demat Account
How to Close Your Demat Account Online
13 February 2025 | 6 mins read
In today’s digital era, managing your financial investments is easier than ever. One key component of the investment process is the Demat account, in which you hold your shares and securities in an electronic format. However, there may come a time when you need to close your Demat account. Whether you’re switching providers, consolidating your holdings, or simply no longer need the account, knowing how to close your Demat account online is essential.
Demat vs Statement of Accounts: How Do You Store Your Mutual Funds?
13 February 2025 | 6 mins read
The mutual fund industry in India has witnessed remarkable growth in recent years, emerging as a preferred investment vehicle for millions of investors. This surge in popularity is a testament to the growing trust and awareness of mutual funds as an investment option. As more Indians turn to mutual funds to build their financial portfolios, one crucial decision investors face is how to store their mutual fund units. Two primary methods are available: through a Statement of Account (SOA) or a Demat account. Understanding the differences between these two options can help you make an informed choice. This blog aims to explain these storage methods in detail and examine their advantages and disadvantages.
What is Demat Account Holding Statement
28 January 2025 | 4 mins read
Just like a bank account holds cash deposits, FDs, etc., a Demat account is required to hold and trade shares and securities electronically. When money is credited or debited in your bank account, you can cross-verify it by checking your bank statements. Similarly, when you buy or sell shares and securities, you can check your Demat account holding statement for a detailed summary. A Demat account holding statement provides a summary of all the shares and securities held in your account. It also contains details such as the current value of securities and date of purchase and is important for tax-filing purposes.
What type of brokerage account is right for you?
28 January 2025 | 5 mins read
After the pandemic, there has been a sudden rise in the number of demat accounts (also known as brokerage accounts) in India. More and more people are looking to invest and trade in stocks as they learn about the stock markets and their potential to create long-term wealth. But as a beginner, you may wonder where to start your investment journey. The answer is by opening a brokerage account. But you also need to decide which type of brokerage account is right for you. Should you opt for a traditional full service brokerage account or a discount brokerage account? And what about zero brokerage accounts? With so many options, it is easy to get confused. But don't worry, this article will answer all your questions.
What is a Ledger Balance in a Demat Account?
24 December 2024 | 6 mins read
When you open a Demat account, you are likely thinking of investing in securities, maybe in the stock market. Whatever securities you wish to invest in, be it bonds, stocks, mutual funds, or ETFs, you need a Demat account with a linked trading account and a bank account to transact your trades seamlessly. For those untrained in the financial markets, a Demat account is an electronic or digital account that stores all your securities in an electronic format. This eliminates the requirement for physical holding certificates and Demat accounts prove to be safe storehouses to keep your assets.
What is an NSDL Demat Account? Benefits, Usage, and How to Open One
24 December 2024 | 6 mins read
Transactions undertaken by traders and investors on the stock market are carried out through the facilitation of two depositories in India, the National Securities Depository Limited and the Central Depository Services Limited. The acronyms commonly used for both depositories are NSDL, and CDSL, respectively. The NSDL, considered a major Indian depository, is a centralised securities depository situated in Mumbai. It was launched in August 1996 and stands out as the first electronic securities depository having a large national reach. For investors, the NSDL is an important entity to know about as you can open a Demat account to trade in the stock market only through any of two depositories.
What is BO ID and How to Find Your BO ID
24 December 2024 | 6 mins read
If you have opened a Demat account, or are planning on opening one, then it is quite likely you must have come across the term BO ID. But what does BO ID mean, and why is it essential for investors in the share market? Let us understand what BO ID is, its significance, and how you can find it easily.
How to reactivate your trading account ?
24 December 2024 | 7 mins read
If you haven't used your trading account in a while and want to start trading again, you've come to the right place. We will walk you through the steps to reactivate your dormant trading account. We have you covered, from knowing the dormancy period to paying any dues and dealing with reactivation expenses. Following these instructions will allow you to quickly reactivate your inactive account.
How to Check your Demat Account Status?
24 December 2024 | 7 mins read
A Demat account is used to hold your securities safely and digitally. When you open a Demat account, you can store your securities like stocks and bonds in digital formats. Much like a bank account stores your money and issues regular bank account statements to monitor your transactions, a Demat account stores your securities and you can monitor it by checking Demat account statements. The purpose of keeping track of your accounts is to know whether funds have been credited to your account in the case of bank accounts. However, in the case of a Demat account, the purpose of knowing its status would be to check if the securities bought were credited to your Demat account. Commonly, investors fail to check their status, but it is important to do so, especially as you can check this online. This article tells you how to check Demat account status.
What Is DP ID In The Demat Account?
27 August 2024 | 6 mins read
With a Demat account, you can keep securities and shares digitally, doing away with cumbersome paper certificates. While it is operated by you, it is opened through a Depository Participant (DP). DPs are intermediaries that enable smooth electronic trading of securities, much like banks and brokerage firms. The DP in charge of your account may be identified by the eight-digit DP ID. Understanding the meaning of DP ID in a Demat account is essential as it ensures the accuracy and security of your transactions. Stock market trading would be far more chaotic and susceptible to errors without it. Let's explore the DP ID's meaning, applications and how it is different from your Demat account number.
How to Find Demat Account Number from PAN
23 August 2024 | 6 mins read
A Demat account stores your shares electronically, eliminating the need for physical certificates. If you're wondering, "How to know a demat account number using a pan card?" - This article is for you. In this detailed guide, we'll take you through the process of creating a Demat account online, highlight the multiple benefits of attaching your PAN card to it, and show how to find a Demat account number from PAN online.
NRI Demat Account Opening Process
6 August 2024 | 6 mins read
Starting your investment journey in the Indian stock market as a Non-Resident Indian (NRI) opens up an array of possibilities. Before investing in stocks, funds, and bonds, it is essential to understand the first step: creating an NRI Demat Account. This account serves as your digital entrance for securely storing and managing your varied assets. In this article, we'll walk you through the steps on how to open an NRI Demat account, ensuring you know how to manage different aspects of the Indian stock market. Currently, m.Stock account opening is not available for NRI & Non-Individual accounts.
Difference between Dematerialisation and Rematerialisation
29 July 2024 | 7 mins read
Recently, the Securities and Exchange Board of India (SEBI) has mandated that all securities be issued in a dematerialised form. It has also made it mandatory for traders to possess their securities in a demat form if they wish to sell them through the stock exchanges. However, as of now, traders are also allowed to convert their dematerialised securities back to their physical form through the process of rematerialisation. If you’re a trader getting into the intricate world of the securities market, then it is important for you to know what dematerialisation and rematerialisation of shares entail, and how different they are from one another.
How to Calculate Brokerage in the Share Market?
29 July 2024 | 4 mins read
When you buy or sell shares through a stock exchange, there are quite a few fees and charges that you would have to pay for every transaction. Among the many different charges, brokerage is by far the most significant. Therefore, it is important to learn how to calculate brokerage in the share market to make informed decisions. Brokerage is basically a fee that stockbrokers charge for enabling you to place trades on the stock exchange through their trading portal. Depending on the stockbroker with whom you’re associated, you might have to either pay brokerage as a percentage of the total trade value or as a flat-rate fee for every successful trade. Brokerage is payable only on successfully executed trades. If you have any pending or unexecuted trades in your order book, then you won’t have to pay any brokerage on these transactions, until after they’re executed. Also, brokerage is payable on both buy and sell orders on delivery and intraday trades.
How to Transfer a Brokerage Account?
29 July 2024 | 4 mins read
A Demat account is a must-have in your trading and investing journey. However, as your investment goals change and the available opportunities grow, you may not wish to continue with your current broker. The good news is that you have the option of transferring your brokerage account to a different broker. While this process might seem daunting at first, it is quite straightforward once you understand the nuances of the steps involved.