Demat Account

What is a Demat Account?

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.

Why do you need a Demat Account?

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.

What can you do with a Demat account?

Transfer of Investments

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.

Dematerialization and Rematerialization

You can dematerialize or rematerialize your holdings by instructing your depository participants.

Loan Facility

Avail loan from banks and financial institutions against your securities as collateral.

Freezing your Demat account

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 and Easiest

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:

1

Click on the Sign up to go to the lead form. Fill in your personal information such as name, phone number, and email address.

2

Once you click on “Get OTP”, you will receive an OTP on your mobile number. Now type this OTP number to verify your mobile number.

3

Provide your PAN number for verification and Aadhaar for address validation.

4

Next, enter the Bank details which you would like to link to your Demat account for transactions. This account information will be used for pay in and payouts.

5

Select your segment of the trade from the list. Here you can choose between stocks, equity, commodity, and currency.

6

After that, you should upload the soft copies of your KYC documents. It includes your PAN card, Address Proof, Bank detail proof (canceled cheque or 3 monthly bank account statement), and signature on a white paper.

7

Finally, verify your Aadhaar with the UDAI OTP sent to your registered mobile number and e-sign the form.

Once your account is approved, you will receive an email with the credentials and account number. You can start trading in just 10 minutes!