Investors need to open a Demat account while registering with an investment broker. In the last decades, the stock market has turned into paperless trading. Thus, the Demat account has become a necessity. For investing in equities, you need to have a Demat account. Furthermore, if you’re thinking to open a Free Demat account in India, then ensure to choose the right service provider. Doing a little research definitely helps.
In this guide, we will discuss some of the benefits of opening a Demat Account:
1. It is safe- Threat of theft, damage or loss is always there in case of physical certificates or documents. Demat account is a solution to such problems as it allows to hold all the information in electronic form.
2.Easy share transfers- Investors can easily transfer their holdings using a delivery instruction slip (DIS) or receipt instruction slip (RIS) in case of buying and selling shares. These slips hold all the necessary details used for a smooth transaction.
3.Multiple accessing options- Demat accounts involve electronic operation and can be accessed using multiple modes. You can access these accounts using your laptop, smartphone or other such devices.
4.Corporate benefits and actions- Demat account holders get all the benefits offered by the company to the investors like dividends, refunds or return on investment.
5.Reduced transaction time- Earlier, the transaction time was pretty much long as sending shares to the registrar of the company to get shares transferred on your name would take a lot of time. But, that’s not the scenario anymore.
Demat accounts are well known for making life a lot simpler in every aspect by eliminating all the hectic manual processes. Are you looking forward to opening a free Demat account in India? Well, then NIFTY FRIEND can prove out to be the right choice for you.
To know more and to register, please visit http://niftyfriend.com/.