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What is a Demat account?

Like savings account holds money, demat account holds your investments in Shares, Bonds, Mutual Fund units etc. in an electronic or dematerialized format.

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  • Once you open a Demat Account, you can get rid of the trouble of physical possession of investments by dematerializing the same. The Demat account holds Shares, Exchange traded funds, Mutual Fund Units, Bonds etc. at one place in an electronic format. The process of sale, purchase and transfer of shares etc becomes significantly easier and the risks associated with paper certificates are mitigated.




    Step 1:

    In order to open a demat account; you have to select a Depository Participant (DP). Most of the Banks, Broking houses and financial institutions provide DP services. The list of DPs can be checked on the websites of depositories: CDSL www.cdslindia.com NSDL nsdl.co.in

    Step 2:

    You have to  open Demat  account. For opening an account you  have to fill an account opening form and provide copies of relevant documents along with a passport size photograph. PAN card is a mandatory document. All original documents are also required for verification.

    Step 3:

    You will then be provided with the rules and regulations, terms and conditions and schedule of demat charges levied.

    Step 4:

    There will also be in-person verification, where the DP staff would meet the client (resident Indian) in person, check the details in the account opening form & verify the same.

    Step5:

    Post this, the demat account will be opened and you will be given a demat account number. With this number you can access your account online.

    Click here to get the details of the charges.

    You have to provide  address proof, identity proof, passport size photograph and the account opening form.


    Address proof documents: Aadhaar Card, Driving license, Electricity bill etc.


    Identity proof documents: PAN card, Voter's ID, Passport, Aadhaar Card etc.

    Depository

    There are two Depositories in India namely, the CDSL and NSDL. They hold all the demat accounts. The Depository holds your shares on your behalf.

    Depository Participants

    Access to the  Depository is provided by the Depository Participants  (DPs). They act as the intermediary between the Depository and the investor. DPs could be banks, brokers or financial institutions that are empowered to offer demat services. You can open a demat account or a Beneficial Owner (BO) accounts with a DP, who will provide you a unique access to the Depository.


    Unique ID

    Each demat account has a unique number for identification purposes. This is the number you need to provide for transactions. The number will help the Exchanges and companies to identify your investments in your account.

    Portfolio Holding

    The demat account displays all your securities. So, whenever you check your account, you can see your portfolio holding and its details.

Benefits of Demat Account

  • Single Account to hold all Investments

    Demat account is not just for shares but also for Mutual Funds, IPOs, ETFs etc.

  • Easy to hold & transfer


    Dematerialized format is a safe way to hold securities and receive corporate action entitlements like dividend etc.

  • Freeze or lock accounts


    Keep your accounts frozen or locked for the desired span of time to avoid any debits in that period.

  • No Delivery Risks


    Dematerialization has eliminated delivery risk, reduced the paperwork and time involved.

Role of Demat Account in Buying/Selling of Shares

The funds are allocated from bank account to trading account,The order is sent to exchange,Once matching sell order is received the trade is confirmed,Shares get credited to demat account in 2 working days


The shares are allocated from demat account to trading account, The sell order is sent to exchange and executed once a buy and sell matching trade is received, Once matching buy order is received the trade is confirmed, Amount gets credited to bank account in 2 working days
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Why AxisDirect?


AxisDirect account brings all investment options together under one roof, giving you the power to diversify your portfolio. Demat, Savings and Trading account are linked together for ease of buying and selling. Trade in Equity, Derivatives, Mutual Funds, IPOs, ETFs, Bonds etc. through your 3-in-1 account.

 


Stay on top of your investments at all times. Choose the platform which suits you the best- simple to use AxisDirect Portal that works on all devices, Swift Trade – web platform with streaming market feeds, DIRECTTrade – a lightning fast desktop trading application, Mobile App, with which you have the markets at your fingertips.

 


Gaining investment knowledge mustn’t be boring neither should the lack of knowledge be a barrier to investing wisely. We have turned learning on its head and made it super fun!

 


The real success behind the art of investing is picking the right opportunities at the right time. That is why we have experienced professionals that do all the hard work so that you invest with confidence viz. Investment Ideas, Trading Ideas, SIP Ideas, MF Ideas and Derivatives Strategies.

 


AxisDirect is a great place to execute your investments. Don’t just take our word for it. Let our awards speak for themselves, few latest being Top Equity Broker of the Year by BSE Commodity Equity Outlook Award, Effectiveness in Financial Products and Services by DMA Asia ECHO Awards (Gold) and Best Use of Email Marketing by DMA International ECHO Awards (Gold)

 



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