In the year of 1996 INC started issuing share certificates in electronic mode. All the existing certificates were added into one single account in the digital form to manage and transact. This account is known as the Demat account. The Demat account in general facilitates you to hold and transact your stocks, shares, mutual funds, bonds and other products such as ETF (Exchange Traded Fund) in the digital form at ease.
Since the entire financial platform of investing, trading, and maintaining has become digitized, it is important to have a Demat account. Also, the digitized account format allows easy maintenance and transparency of the trades and transactions. The dematerialised certification reduces the risk of duplicates and fake certificates.
Every account holder is given a unique account number to hold the shares and securities just like the bank accounts. Every month the statement of holding is sent to the account holder either electronically (through email) or post as preferred. This way, you can maintain and monitor your Demat account online easily.
You can transfer your investments from one account to another account at ease with Delivery Slip Instructions. You can electronically send your investments to another investor online just like a bank transfer.
You can dematerialize or rematerialize your holdings by instructing your depository participants.
Avail loan from banks and financial institutions against your securities as collateral.
Freeze and unfreeze your Demat account or specific securities for a particular period. Freezing your account blocks any transaction during this period. However, you should require a minimum or a specific number of shares in your Demat account to freeze it.
Easi (Electronic Access to Securities Information) is a online facility to the investors to access their demat account through CDSL website. Easiest ((Electronic Access to Securities Information and Execution of Secured Transaction) eases the online transaction through CDSL website. If the investors submit transaction instructions through their Easiest login, they need not submit separate DIS (Delivery Instruction Slip) to their DPs.
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How to Open DEMAT Account Online?
Demat Account Opening with Flattrade is an easy process with these simple steps: