A single demat account is a type of dematerialised account that is opened and maintained by a single individual, while a joint demat account allows multiple holders with equal rights. Converting single to joint is not possible.
5 min read27 Mar 2024Having a demat account grants you access to various benefits. Firstly, you can participate in Initial Public offerings (IPOs) and receive dividends, bonus shares, and other corporate actions directly into your account.
3 min read27 Mar 2024One must select a unique and complex password for their demat account. Avoid using easily guessable passwords such as ‘password’ or common phrases.
4 min read27 Mar 2024Demat accounts have revolutionised the ease of investing and trading but they entail associated charges. These fees are a reasonable trade-off for the convenience of electronic trading. However, it's essential for investors to understand the associated charges to make informed financial decisions.
5 min read27 Mar 2024NRIs can open demat accounts in India for stock market investments. They can participate in ETF investments, futures and options trading, but not intraday trading. NRIs can hold securities acquired as resident Indians even after becoming non-resident Indians.
6 min read26 Mar 2024Both the demat and trading accounts offer versatile functionalities, and linking the two ensures their combined utilisation.
4 min read26 Mar 2024In a demat account, a freeze and unfreeze option is a feature that allows account holders to temporarily restrict or enable certain activities related to their securities holdings.
4 min read26 Mar 2024The rise in equity investment is fueled by factors such as mobile trading platforms, regulatory initiatives, and a growing willingness among young Indians to take risks, emphasizing the importance of vigilance to safeguard investments amidst the surge in demat accounts.
1 min read19 Mar 2024Equity investment is rising due to shifting preferences, especially among millennials. Factors include mobile trading platforms, regulatory initiatives, and young Indians' willingness to take risks. With a surge in demat accounts, vigilance is key to safeguard investments from potential threats.
4 min read19 Mar 2024Transferring shares from one demat account to another is an important feature used by multiple investors. Here are the advantages as well as the online and offline process for making the transfer.
4 min read18 Mar 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared