What is a demat account and who needs to open it?
2 years, 6 months ago

What is a demat account and who needs to open it?

Live Mint  

A growing number of people have started trading to earn some extra money, or to create an alternative stream of income. However, one must be aware that opening a demat account is the first step before foraying into the stock market. In India, demat account services are primarily provided by two depository bodies known as NSDL and CDSL. The next step requires filling out the demat account opening form and completing KYC. Upon approval, the applicant will be given a Beneficial Owner Identification Number which can be used to log in to the respective demat account.

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History of this topic

How to open demat or trading account for minors | Step-by-step guide
1 month, 1 week ago

How to open demat or trading account for minors | Step-by-step guide

India TV News  

Demat or trading account for minors: Since there is no specific age restriction for opening a demat account, it can be opened in a minor’s name by their parent or legal guardian. Documents required for opening minor's demat account: Guardian's Documents: PAN Card of the parent. Provide KYC Documents: Submit the necessary KYC documents, which usually include identity proof and …

How to Open a Demat Account & Trading Account Online with BlinkX
6 months, 2 weeks ago

How to Open a Demat Account & Trading Account Online with BlinkX

Hindustan Times  

Opening a Demat and Trading account is a vital first step for anyone looking to invest in the stock market. Step-by-Step Guide for Demat and Trading Account Opening Here’s a step-by-step guide to open Demat account with BlinkX: Step 1: Mobile & Email Verification Step 2: Enter PAN & Choose Plan. Step 3: Submit Bank Account & Documents via Digilocker …

Demat vs Trading Account: What is the difference and how do they work?
6 months, 3 weeks ago

Demat vs Trading Account: What is the difference and how do they work?

Live Mint  

You may have heard about demat accounts, which is a must for owning shares and other securities such as exchange traded funds. But you will do well to remember that you have to open a trading account alongside a demat account to be able to seamlessly buy and sell shares on the stock markets as well as transact in other …

Demat Account Meaning
1 year ago

Demat Account Meaning

ABP News  

A Demat account is like a secure digital storage space for your stocks. The DP ID comprises the initial eight digits of the account number, playing a crucial role in various transactions such as converting physical shares to Demat, transferring shares between Demat accounts, or moving funds from a Demat account to a bank account. Standard Demat Account Designed for …

Is your Demat account dormant? Know the procedure to terminate it
1 year, 10 months ago

Is your Demat account dormant? Know the procedure to terminate it

India Today  

The Demat Account is one of the important accounts that carry the financial securities of the account holders digitally. If the account has existing active balances, they can be combined into a single account, and the remaining redundant Demat accounts can be cancelled. For the closure of the Demat account, the account holder needs to visit the DP office or …

What is the difference between a demat and a trading account?
2 years, 2 months ago

What is the difference between a demat and a trading account?

Business Standard  

Trading account A trading account is used to purchase and sell shares and other securities. The shares that investors buy using their trading account are stored in the demat account. Demat account In a demat account, investors can store their shares, bonds, government securities and mutual funds in electronic form in one place, reducing the risk of theft or damage. …

Demat account count tops 10 crore
2 years, 3 months ago

Demat account count tops 10 crore

Deccan Chronicle  

MUMBAI: The number of demat accounts in the country crossed the 100-million mark on August 31, 2022, showing the equity culture is slowly but steadily picking up in India, especially in tier 2 and tier 3 cities. The initial public offering of Life Insurance Corporation, which opened on May 4, led to many first time investors opening their demat accounts …

How to get KYC updated for demat account?
2 years, 6 months ago

How to get KYC updated for demat account?

Live Mint  

Through demat and trading accounts, you can now trade stocks digitally. As the name implies, know your customer assists brokers and DPs in understanding and verifying the credentials of an investor seeking to register a demat account and trade in equity. It also assures that cash invested in and generated through a trading and demat account may be traced back …

LIC IPO: From demat account opening to subscription, guide for first time investors
2 years, 7 months ago

LIC IPO: From demat account opening to subscription, guide for first time investors

India Today  

Life Insurance Corporation of India's initial public offering is all set to be opened for subscription on May 4. Those who are willing to participate in the subscription process of LIC's IPO, must open a demat account. - Investors need to select a broker through which they want to open a demat account. - Once the broker is selected, the …

LIC IPO: LIC-Aadhaar Linking, Having Demat Account Must to Buy Shares; How to Do Them
2 years, 10 months ago

LIC IPO: LIC-Aadhaar Linking, Having Demat Account Must to Buy Shares; How to Do Them

News 18  

LIC IPO: The draft papers of the LIC IPO is set to be filed over the weekend, reports have suggested. Further subscribing to any public offering in India is only possible if you have a valid DEMAT account,” LIC had said in an Here is How LIC Policyholders Can Link PAN-LIC 1. Enter the OTP into the portal and then …

LIC IPO: You Need a Demat Account to Subscribe to LIC IPO; How to Open it
2 years, 10 months ago

LIC IPO: You Need a Demat Account to Subscribe to LIC IPO; How to Open it

News 18  

As the government of India moves forward to achieve one of its biggest divestment targets by floating the LIC IPO, common people in the country are also gearing up to invest in the offer. The LIC is also reportedly trying to woo in bidders by creating separate provisions for its policyholders, many of who are new to the stock market, …

How to open an NRI Demat account in India?
3 years ago

How to open an NRI Demat account in India?

Live Mint  

Indians that reside and earn in a foreign country are known as Non-Resident Indians. Having a NRO or NRE bank account is mandatory before opening the NRI demat account. Once your PINS letter is obtained by the bank with which you have your account, you can open both a trading and demat account, following this you are enabled to trade …

Here's how to open a Demat account in India; follow these steps
3 years, 4 months ago

Here's how to open a Demat account in India; follow these steps

India Today  

A Demat account stands for Dematerialisation account. Having a Demat account makes the process of holding shares and securities in an electronic form easier for the investor. Step 2: Visit the official DP’s website and fill in the Demat account opening form. Step 7: After thorough checking of the documents and other complete forms by the DP, the request for …

Here is a Step-by-step Guide to Open Demat Account
4 years ago

Here is a Step-by-step Guide to Open Demat Account

News 18  

A Demat account, also known as Dematerialised account, allows people to invest in stocks and shares and hold them in an electronic format. Below is the step-by-step guide to open a Demat account with Groww: Step 1: On your smartphone, download Groww app or visit to Groww website – groww.in. https://groww.in/ Step 3: Provide the relevant details including occupation, income, …

Ways to keep your demat account safe
4 years, 3 months ago

Ways to keep your demat account safe

Live Mint  

Whenever there’s news of scam at a stockbroking house, investors rush to transfer their securities to another company. Here’s how to use the services available with depositories—Central Depository Services Ltd and National Securities Depository Ltd —to transfer securities to another demat account without approaching your broker. When a client wants to transfer securities to another demat account, he fills up …

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