My this article is particularly all details about Demat account means this article is answers to questions such as how to open account, what are the charges for the same, which documents are required for same, what are the benefits and disadvantages of the same, etc.If you like this article then please like us on Facebook so that you can get our updates in future ……….and subscribe to our mailing list ” freely “
Opening a Demat Account :The first step for opening Demat account is to register with the Depository Participant. Depository participant are the ones who authorise the persons whether they are eligible for Demat account or not by checking relevant documents. The list of depositories can be available from NSDL site. The second step for opening an account is to fill a form provided by D.P. and than third step is to surrender the physical copy of shares certificate which they would be converting in demat form. It is very simple process to open a demat account just as you open a bank account. Must Read - Difference between shares and stocks
Account opening charges :Normally there is no charges for account opening of demat, but than also some charges fees which may be refundable also. Banks are also now starting with account opening of demat account. They donot separately charge for account opening because they are knowing that they would be earning well when the party would be transacting with the commodity. There is no specific rule for keeping minimum balance in the demat account.
Documents required for opening a demat-account
- Proof of identity
- Proof of address
- Cancelled cheque for bank account number