Learn all about Demat Account
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.
Five Factors to Consider When Choosing an Equity Broker
29 July 2024 | 3 mins read
If you are looking to start your stock market investment journey, one of the first factors to consider is choosing an equity broker. An equity broker is an intermediary who operates between an exchange and an investor. An equity broker may be an individual agent or a firm/platform that charges fees or commission to execute buy/sell orders. While some equity brokers only offer equity or stock broking, others offer more investment options as well. Brokers are registered under share depositories National Securities Depository Ltd (NSDL) or Central Depository Services India Ltd (CDSL). When you choose equity broker to begin your journey into stock market investing, you should keep in mind some factors.
What Does Zero Brokerage Mean
29 July 2024 | 7 mins read
Brokers play a vital role in the stock market by facilitating buy and sell transactions on behalf of their clients. In exchange for their services, brokers charge a fee which is usually referred to as brokerage. While the terms ‘fixed fee brokerage’ and ‘flat brokerage’ are quite common and known among investors, the term ‘zero brokerage’ is also gaining momentum as investors aim to save every penny behind their trades. But what exactly does zero brokerage mean? Let’s find out.
Advantages of Zero Brokerage Trading
29 July 2024 | 4 mins read
A zero brokerage account is an account where no charges are levied on traders by the broker while executing trades. On the other hand, a traditional trading account requires some percentage of the total trade value to be paid by the client in terms of brokerage. The benefits of zero brokerage accounts such as affordability and transparency have made them a popular choice. They allow you to concentrate on your trades without having concerns about expenses. Moreover, they have made it possible for most small investors to take part in trading. The term “zero-brokerage” may suggest that there are no costs associated with carrying out transactions. But please note that there will be regulatory charges or transaction fees levied by the exchanges.
Difference Between Full Service and Discount Brokerage Account
29 July 2024 | 3 mins read
Opening a brokerage account is the first step in your investment journey. A brokerage account acts as a bridge between you –the investor- and the market. Thus, it is important to pick the right broker to build a strong foundation for your trading journey. This is where the long-standing ‘full-service vs. discount brokerage’ debate becomes prominent. While the former offers both access to an investment platform and advisory services to their clients against high brokerage, the latter provides clients with only the basic tools needed to trade in the market, that too, at a discounted rate. To understand full-service brokerage vs. discount brokerage debate better, we look at the key differences between the two: