A Demat Account is an account that allows investors to hold their shares in an electronic form. Open your Demat account now and start buying and selling shares.
The benefits of Demat are as follows:
- Easy and convenient way to hold securities
- Immediate transfer of securities
- No stamp duty on transfer of securities
- Safer than paper-shares (earlier risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc. are mostly eliminated)
- Reduced paperwork for transfer of securities
- Reduced transaction cost