Effective Features Of Opening Trading Account
Demat accounts have been started in India since 1996. Initially, trading was done through brokers where you need to pay the brokerage to the middlemen. Why pay additional fees when you can manage your own account? Technological advancements have blessed the entire process of investment and trading and the entire procedure of holding, investing, and monitoring can be simple, convenient and obviously, cost-effective. If you haven’t opened a trading account till now, you should do it now and before that know the features well.
Why Is Trading Effective Through Online?
If you are looking for a quicker option of trading, you should go for this. Once you open an online account, you will be flooded with investment options. Also, you can buy and sell through your online account. You can earn aconsiderable amount of money through this without ever speaking to any broker. And you can handle this entire thing from the comfort of your home only. The essential features of the system will help you to understand the system better.
Features of Demat Account
The essential features of this system are as follows-
#1. Transferring Share Is Easy
If you contact the best online trading account in India, this is the feature that will attract investors initially. Transferring the holds can be easy through Delivery Instruction Slip (DIS) or Receipt Instruction Slip (RIS). Once you have all these slips, your transaction can go smoothly
#2. De/Rematerialization of Securities Can be Easy and Faster
If you have aDemat account, you can get instructions to the depository participant so that they can convert the physical certificates into the electronic version. Not only that, but the electronic forms can also be transformed into their physical form
#3. Multiple Accessing Options Help You to Access the Account
As Demat accounts are operated electronically, the users can access these accounts from several electronic modes. If you have computer, laptops or smartphone, accessing your account can be super easy.
#4. You Can Get Loan Easily
The Demat account holders often get additional securities which appeal to the loan providers and they consider them to provide loans. These holdings make it quite easy to get loans.
#5. You Can Freeze Your Demat Account
This is no doubt a unique feature that the Demat account holders enjoy. If required, they can freeze their account for a time being. If you want to get rid of unexpected debits or credits to your account, you can apply this method. Even if you have aspecific amount of securities, you can get this freezing option.
#6. Speedy E-Facility
The National Securities Depository Limited permits the investors to send electronic slips to the DP, instead of submitting that physically. This is easier, faster, and convenient way.
These are the essential features of Demat account and you can get several types of benefits after opening this. This cheaper process doesn’t include any middlemen and the investor can control his/her account in a best possible way.