A demat account enables the utilization of electronic means to facilitate investors in holding and ensuring smooth, faster and secure trading, investing and monitoring of shares. the expansion of demat accounts is clear , as almost 50 lakh new investors have joined the capital markets from April to September.
While opening a demat account has become simpler with online facilities, we also endeavor to empower investors with facilities that new investors won’t remember of.
While most investors use mobile applications provided by their depository participants (DPs), it’s not widely known that the depositories also offer mobile applications, which are easily available, the appliance also helps investors reconcile their holdings thereupon available on the depository participant’s application.
Such facilities make sure that an SMS alert for all kinds of modifications, debit and credit transactions, IPO allotments and company action etc is shipped to the beneficiary owner.
Nomination Facility: it’s advisable for all new investors to avail the said facilities provided by depositories.This is often almost like the method followed for e-payments while making e-commerce transactions.
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