5 Fun Facts About Demat Account

1. Fun facts about demat account

2. Introduction With the Demat account, the entire procedure of investing, trading, holding, and monitoring becomes convenient, cost-efficient, and faster. It’s is very similar to your bank account and works in a similar way. The only difference between a bank account and a Demat account is that a Demat account holds securities instead of cash. A Demat Account holds securities in the form of shares, bonds, mutual funds, government securities, or exchange-traded funds. Demat account avoids the hassle of all the paperwork you need to make trading transactions.

3. 5 fun facts about demat account You can transfer securities with your Demat Account instantly, which reduces the paperwork The shares and securities of a Demat Account can be held collateral to get a loan Your demat account can be linked with multiple trading accounts If you do not use your demat account for six months straight, it will be frozen The account number varies for CDSL & NSDL

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