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1. What is a Demat account ?

A Demat account is a type of account that enables you to store your shares in an electronic format. Physical shares are transformed into electronic forms and vice versa via a Demat account.

FREQUENTLY ASKED QUESTIONS

  • Transferring shares from one DEMAT account to another or from one investor to another is simple.
  • One can take advantage of benefits provided by the businesses in which they have invested, such as dividend payments, interest on investments, refunds, etc.
  • With a DEMAT account, one can also use loan and overdraft facilities.
  • The risk of losing or misplacing your investment certificates and proof of investments is decreased by DEMAT accounts. With just one click, all the information is readily available.

A Depository Participant is a broker or other organisation that allows you to purchase market securities. It acts as a connecting point between the two main depositories. In India, depository participants are banks, brokerage firms, and other financial institutions that are registered with the Securities and Exchange Board of India (SEBI).

Yes, up to three account holders can have a maximum of three Demat accounts mapped to their trading accounts by transferring their single or joint Depository Participant ID. For each Demat account you own, you will need to pay an annual maintenance fee, though.