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Prime Benefits of a Demat Account

Chaya Ben by Chaya Ben
January 14, 2021
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With the emergence of a demat account in the nation, the share market has undergone a significant change. The instant switchover from manual to electronic trading has contributed to simplifying the maintenance and handling of shares. Today, having a dematerialized account bridges the gap between technology and finance in a more convenient way.

For shareholders, having the best demat account has become an integral criterion for trading. An increasing number of demat accounts in India justifiably denotes that it has an array of praiseworthy features. Thus, here’s to the key features of a dematerialized (demat) account.

What are the Key Features of a Demat Account?

The following are the prime features and benefits any shareholder would receive with a demat account.

  1. Easy Access

The online demat account gives stress-free and speedy access to statements and investments via net banking. The availability of these details can easily get received by users through smartphones, users, or other devices.

  1. Seamless Dematerialization of Advanced Securities

When shareholders have certificates in the physic format, they might require giving a set of instructions to the DP or depository participant for converting it into the electronic form. On a similar note, certificates available in electronic form can also get converted into a physical form if and when any problem or issue persists.

  1. Inclusion of Stock Dividends

With the introduction of demat accounts, there has been a change in the process. The trading industry shifted from time-consuming procedures and embraced quicker solutions. This way, receiving dividends, refunds, or interest, became simpler than ever. This process is better known as auto-credited. Updating the accounts of investors with bonus issues, stock splits, rights, and public issues has become convenient today through ECS or electronic clearing service.

  1. Easy Stock Transfers

Stock transfers on selling or buying have become less complicated. Gone is the era when physical share transfers would require about one month or more. Alongside a simplified process, the costs have come down too. The electronic form of transfers doesn’t include any additional duty, which otherwise would have complicated a physical process.

  1. Liquidity of Shares

With the simplified demat accounts, it has become convenient and faster to receive the money on selling stocks.

  1. A Loan Feature

Did you know that having a demat account will let you avail of a loan against securities that are held in the Demat Account? Yes, this is another great advantage of having a dematerialized account.

  1. Securities to Get Frozen in Demat Accounts

Another amazing benefit of having a demat account is that a specific quantity or type of securities in the account can get frozen by the account holder. The account holder will be able to freeze a demat account for a particular time span. This can stop any type of money transfers of any credit or debit card into the demat account.

A Final Note

Lastly, demat accounts also play a fundamental role in offering foreign investors great access to the share market of the nation. With a rise in the foreign money in the country’s share market, it has led to a boom in the economy.

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