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Demat Account related FAQs

Trending FAQ categories: stock market share broker pan card demat

What are the benefits of holding shares in a demat account? Is it mandatory for all investors to open a Demat account in order to trade on the stock market?

In the event of a purchase, shares held in depository can be immediately transferred. There is no stamp duty that must be paid for securities transfers. All risks associated with physical certificates such as fake securities, bad delivery, and other …

What does Dematerialisation process mean?

Dematerialization is when a physical certificate of an investor is converted into an equal number of securities in electronic form. The credit will be credited to the investor's account at his depository Participant. To dematerialize certificates you must first open …

Define Depository Participants.

Investors can access the services of Depository through its agents, known as depository participants (DPs). The depository appoints these agents with SEBI approval. SEBI regulations include three types of entities: DPs can be granted to banks, financial institutions and members …

Define Depository.

A depository performs like a bank, apart from that the securities that are stored are securities ( units, bonds and debentures, government securities, stocks, etc.). in electronic form. A depository is not only a place to store securities but also …

Is a minor eligible to open a trading account?

Yes, a Demat account can only be opened in the name a minor child's natural guardian (parents or court-appointed guardians). The minor child's guardian will manage the account until he or she becomes major. In this case, the Guardian must …

What are NSDL & CDSL?

NSDL is the National Securities Depository Limited which is involved with National Stock Exchange (NSE). CDSL refers to Central Depository Services Limited, which is involved with Bombay Stock Exchange. NSDL or CDSL are electronic depositories which hold securities in an …

Diffrenciate between Demat account number and Trading account number?

The DP assigns a demat account number (also known as client ID number) to each client. A trading account number is the number that the broker allocates for market trades.

Can a minor open a demat account?

Yes, a Demat account can also be opened for a minor. The minor's guardian will manage the account until he or she becomes major. In this case, the Guardian must be either the father or his mother. The court can …

Can a person keep more than one demat account with same name?

Yes. A person can have multiple demat accounts. An investor can open as many demat accounts as he like. Investors can open multiple accounts under the same name and with different DPs. Investors must adhere to KYC requirements, including proof …

If I don't hold any share in my demat account, do I need to pay any annual maintenance charge

Yes.But it differs from broker to broker as few asks for it whereas few don't.

What maintenance charges are there for a demat account? Is there any processing fees or hidden charges on transactions I make on a demat account?

Folio maintenance charges is also known as maintenance charges and are generally levied upfront. A transaction fee is charged to credit/debit securities from an account. This fee is calculated monthly. While for each transaction SBI charges a flat fees, some …

On Demat account how much interest is given?

Demat account can be used to hold Dematerialized securities such as shares, units of mutual funds, etc. It doesn't have any money in it. Therefore, this question is irrelevant.

Can I apply in an IPO if I don't have a Demat account?

An investor cannot apply for an IPO without a demat account. All public issues exceeding Rs.10 million must be in demat mode. If you wish to apply for an issue in a mandatory demat mode, then you will need a …

How securities can be transferred from one account to another?

Off-market transactions, i.e. transfers of securities from one account into another account, are possible. Without routing through brokers or stock exchanges, you can transfer securities from one account to another by providing the client identification number and depository participant identity …

Is it necessary to have an demat account to apply in an IPO?

It you need to have a demat account in respect to apply for an IPO. Allotments of shares in IPO are transferred to investors' demat accounts. Your IPO bidding application won't be considered for share allocation if you don’t provide …

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