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Depository Account

What is Demat Account?

A Demat Account is an account that allows investors to hold their shares in an electronic form. Stocks in Demat account remain in dematerialized form. Dematerialization is the process of converting physical shares into electronic format. A demat account number is required to enable electronic settlements of all the trades. Demat account functions like a bank account, where you hold your money and respective entries are done in bank passbook. In a similar form, securities too are held in electronic form and are debited or credited accordingly. A demat account can be opened with no balance of shares. You can have a zero balance in your account.

Why should you have a Demat Account?

As it is difficult to hold shares in physical forms because it involves a lot of paperwork, long process and risk of fake shares. So, for simple and seamless trading and investing, Demat account is must to trade in India’s stock exchanges. Although the Securities and Exchange Board of India (SEBI), has allowed trades of up to 500 shares to be settled in physical form but this option is not preferable any more. A demat account holds the certificates of financial instruments like shares, bonds, government securities, mutual funds etc. So, it involves the process of converting physical shares into electronic form and credited to investor’s demat account.

Beneficiary Account/Demat Account

An investor who wants to hold securities in dematerialised (demat) form and receive or deliver securities by inter-account transfers must have a depository account called beneficiary account with a DP of his choice.

How does Online Demat Account Work?

There are two Depositories in India - the National Securities Depositories Limited (NSDL) and the Central Depository Services Limited (CDSL), through whom the shares are held by the various depository participants. When you buy or sell shares, respective DP credits or debit your account accordingly.

How to Open Demat Account with DP TradeKING?

  • For opening demat account, you need to reach to DP (Depository participant) and fill up the account opening form and submit it along with necessary documents and a recent passport size photograph. You must carry original documents for verification.
  • The DP will provide you with the rules and regulations and terms & conditions for opening the account along with the charges for the same.
  • A member from the DP will contact you for In-Person Verification and check the details provided in the account opening form.
  • Once the application is processed, The DP will provide you with an account number and client ID. You can now access your demat account online with specified details.
  • There are two ways for opening a Trading & Depository Account with DP TradeKING Online:
    • Click here to open your own Trading and Demat account.
    • Alternatively, you can also call us on 02692 247502 from 9:15 a.m. to 6:00 p.m. Further, you can also mail us on kyc@dptradeking.com

Benefits of Opening an Online Demat Account with DP TradeKING

  • Zero* account opening charges
  • Strong RMS System works on 5X and 10X basis for delivery and intraday respectively.
  • Power packed back office that gives you one window access to your transactions and holding at anytime and anywhere.
  • No separate DIS slips required for selling or purchasing stocks in case POA (Power of Attorney) activated for auto debit on sale of securities.

* No Documentation Charge

Get On Board With DP TradeKING:

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