To open a demat account, the documents required are as under - 1. PAN 2. Bank statement (last 3 months) 3. KYC details 4. Address proof 5.ITR 6. Your photo

Dear Friend Usha **Meaning** :- Demat account is use to trade in securities shares and derivatives in electronic form i.e. dematerialized form. Like the way bank keeps our money in with themselves , demat acocunt hold our shares and securities but in electronic format. instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker). The Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder will have a Dematerialized account for the purpose of transacting shares **Benefits**:- 1) The bonus/right shares allotted to the investor will be immediately credited into his account. 2) There is no risk due to loss on account of fire, theft or mutilation. 3) Transaction costs are usually lower than that in the physical segment. 4) A demat account also helps avoid problems typically associated with physical share certificates. For example: delivery failures caused by signature mismatch, postal delays and loss of certificate during transit. 5) Further, it eliminates the risks associated with forgery and due to damaged stock certificates. 6) Demat account holders also avoid stamp duty and filling up of transfer deeds. The biggest advantage of having demat account is that you don't have to pay for stamp since these are electronically stored which reduces the transaction cost 7) Reduction in paperwork environment. 8)Easy and convenient way to hold securities 9) Immediate transfer of securities **Documents to open Demat Account"-** 1) PAN (Compulsory) 2) Bank statement Copy (last 3 months) 3)Bank crossed Cheque (If required) 4) Proof of address 5)KYC details 6)Income Tax Return 7)Two colour photos

Hiiii friend.... **DEMAT ACCOUNT** In India’s banking terminology, the term DEMAT Account refers to a deposit made at an Indian financial institution that can be used for investing in shares of stocks and other financial assets. Securities are held electronically in a DEMAT Account, thereby eliminating the need for physical paper certificates. **Benefits of Demat A/c** • It is an easy and convenient mode to hold securities with reduced brokerage fee • The risks of misplacing the physical certificates or that of thefts, fake securities or time delays are reduced since Demat accounts are electronic as opposed to the old paper based system • There is no stamp duty involved in transferring of securities since they are being held in electronic form • Since the Depositary Participants are enlisted by either National Securities Depository Limited or Central Securities Depository Limited and are core-linked, any change made with a Depositary Participant is updated with the Depository as well as other Depository Participants. • There are no restrictions on transactions. As a Demat account holder, one can sell or buy even a single share, which is not possible if the securities are in physical form. This is because; physical shares are stacked together collectively whereas Demat shares are easily divisible electronically. This is akin to being able to pay a single paisa online via net banking despite not having a physical one paisa coin with you. **Documents required are:** - Pan card - Address proof (Light Bill, Telephone Bill, Voter ID) - ITR - Passport size photos - Bank statement and details. In short all KYC documents are required. Thanks & Regards,

Demat Account simply means a Dematerialized Account. It is an account to trade in share and securities in dematerialized form. Reduced paperwork for transfer of securities Reduced transaction cost No "odd lot" problem: even one share can be sold Change in address recorded with a DP gets registered with all companies in which investor holds securities eliminating the need to correspond with each of them separately. Transmission of securities is done by DP, eliminating the need for notifying companies. Automatic credit into demat account for shares arising out of bonus/split, consolidation/merger, etc. To open a demat account, the documents required are as under - 1. PAN 2. Bank statement (last 3 months) 3. KYC details 4. Address proof 5.ITR 6. Your photo

Dear Usa > Demat Account It is an account to trade in share and securities in dematerialized form. Benefits 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 No "odd lot" problem: even one share can be sold Change in address recorded with a DP gets registered with all companies in which investor holds securities eliminating the need to correspond with each of them separately. Transmission of securities is done by DP, eliminating the need for notifying companies. Automatic credit into demat account for shares arising out of bonus/split, consolidation/merger, etc. A single demat account can hold investments in both equity and debt instruments. Traders can work from anywhere (e.g. even from home). Documents PAN (Compulsory) Bank statement (last 3 months) Address Proof Income Tax Return Two colour photos Bank crossed Cheque (If required) KYC details Thanks

Demat Account simply means a Dematerialized Account. It is an account with the investor that is used to hold securities electronically instead of taking and keeping physical possession of security certificates. Demat account number is quoted and used for all transactions to enable electronic settlement of trade. There are so many benefits of Demat.... Its easy and convenient way of holding securities The transactions are fast i.e you can transfer securities immediately Transaction cost has been reduced..you don't need to pay stamp duty and all To open a demat account, the documents required are as under - 1. PAN 2. Bank statement (last 3 months) 3. KYC details 4. Address proof 5.ITR 6. Your photo

Dear Usha, When you want to make trading in share and securities than you shall be used of demat account. demat account is used to make trading and investment in stock market. in this account you hold share and securities as investment and trading. when you want to open a demat account than you should fill the requisite form of service provider and along with this form you have need to submit the identity and address proof and cancelled cheque along with bank statement. also you have to submit passport size photo. Any other query feel free to contact us Writer CA Chitranjan Agarwal

DEMAT meaning Dematerialisation. It refers to a deposit made at an Indian financial institution that can be used for investing in shares of stocks and other financial assets. Securities are held electronically in a DEMAT Account, thereby eliminating the need for physical paper certificates.