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What are the benefits of online demat account?

Online demat account is a hassle-free way to maintain all your financial instruments like stocks, mutual funds, government securities, bonds, IPO shares in electronic form at one place. It has the following benefits:

  • You will never have to worry about bad deliveries.
  • No risk of loss, mutilation or theft of share certificate.
  • You no longer have to pay stamp duty for transfer of shares.
  • Everything is in electronic form which reduces paperwork and saves time.
  • Fast settlement cycles. You can purchase, hold and sell shares in electronic form.
  • Increase in the liquidity of your securities because of faster transfer and registration of securities in your account.
  • Instant disbursement of non-cash benefits such as bonus, right-issues, etc.
  • Regular account status updates.
  • Economical and competitive DEMAT charges with attractive schemes like lifetime free AMC (Annual account maintenance charges).
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