Online demat account is a hassle-free way to maintain all your financial instruments like stocks, mutual funds, government securities, bonds, IPO shares in electronic form at one place. It has the following benefits:
- You will never have to worry about bad deliveries.
- No risk of loss, mutilation or theft of share certificate.
- You no longer have to pay stamp duty for transfer of shares.
- Everything is in electronic form which reduces paperwork and saves time.
- Fast settlement cycles. You can purchase, hold and sell shares in electronic form.
- Increase in the liquidity of your securities because of faster transfer and registration of securities in your account.
- Instant disbursement of non-cash benefits such as bonus, right-issues, etc.
- Regular account status updates.
- Economical and competitive DEMAT charges with attractive schemes like lifetime free AMC (Annual account maintenance charges).
