DEMAT Account came into existence in India in 1996, stocks and shares were issued and traded in physical paper form. With the age of computers and Technology, shares and securities are held electronically in a dematerialized form (DEMAT Account), instead of the investor taking physical possession of certificates. It allows you to buy, sell as well as transact conveniently without the need of any paperwork. Open your DEMAT account by registering with a Stock Broker from Faldayaka.
Nowadays, all trades are settled in dematerialized form. Although the market regulator, the Securities and Exchange Board of India (SEBI), has allowed trades of upto 500 shares to be settled in physical form, trading using a DEMAT account is widely accepted. Hence, you require to have a DEMAT account for dealing in Stocks and Shares.
ADVANTAGES OF DEMAT ACCOUNT
• Environment Friendly - Less paperwork since securities held in electronic form
• Secure and convenient way to keep track of shares
• Quick Settlement
• No Storage Risk – Unlike paper certificates dematerialized stocks and shares can’t be stolen or damage or forged
• All in one - Trade in Equity, gold ETFs and commodity futures