What Is Demat Account, How To Open A Demat Account And Which One Is The Best ? - SwisterNews

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Sunday, 22 December 2019

What Is Demat Account, How To Open A Demat Account And Which One Is The Best ?

A Demat account is an account to hold financial securities in electronic form. In India, Demat accounts are maintained by two depository organisations, NSDL and CDSL. A Depository Participant, such as a bank, acts as an intermediary between the investor and the depository. 
             The Demat account number is quoted for all transactions to enable electronic settlements of trades to take place. Access to the Dematerialized account requires an internet password and a transaction password. Transfers or purchases of securities can then be initiated. Purchases and sales of securities on the Dematerialized account are automatically made once transactions are confirmed and completed (source: wikipedia).

Opening a Demat account is not a rocket science. It is very simple. And a lot of companies are available in the market who will help you to open the Demat account. 
              Here is the list of best Demat account opening companies because they charge a minimal amount to opening or trading your Demat account. 

(1) 5paisa : Open a free Demat Account in 5 minutes and pay just Rs. 10/Trade.  

(2) Upstox : Open a free Demat Account and get partner benefits of  worth Rs 28,000.  

(3) Zerodha :

(4) Angel Broking : Open a free Demat Account in 5 minutes and pay just Rs. 20/Trade.  

To open your Demat Account, keep your Aadhaar Card, Pan Card, Bank Passbook with you. You just need to upload all of your these documents and also you need to verify yourself by IPV process. In which you need to upload your 10 seconds video.

When you complete all the processes, your Demat Account will be activated within 24 hrs*.

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