Why do we need a demat account ?
Today, one can easily observe that all shares have to be settled in a dematerialised form. The Securities and Exchange Board of India (SEBI
), has allowed trades of up to 500 shares to be settled in physical form. However, traders no longer wish to hold physical shares. Therefore the demat and trading accounts are must for trading nowadays. You can also open a demat account in banks/financial institutions/stock brokerage firms. Though options are there still you can give time finding best demat account in India. If you are going to choose stock broking company for opening demat account, it will act act as a DP performing the role of intermediary between the depositories -- CDSL or NSDL and the trader.How to open best demat account in India?
We are giving the basic steps for doing so, that are common in firms. Submit an application to a DP attached with documents. Once you have your demat account opened, you can now take a step forward for a trading account with a stock broker of your choice.
Additionally the top demat account may facilitate the account of benefits. Like the best demat account lowest brokerage charges in india
, good element of leverage, though it may incur small losses sometimes but the probability of unlimited profit do exist with it. The shares or stocks bought are reflected in your demat account. Any already held physical share can be dematerialized and transferred to the respective account.