An account, which is basically used to hold all the securities and shares in the electronic format, is called the Demat account. The full form of Demat account is the dematerialised account. During online trading, the purpose of the Demat account is to hold shares, which have been bought or dematerialised (converted from physical to electronic shares), thus making share trading easy for the users.
The Demat account service is basically offered by the depositors like CDSL and NSDL through the intermediaries / Depository Participant / Stock Broker such as Angel Broking. Actual charges of Angel Broking Demat Account vary as per a volume held in the account, type subscribed, and the terms and conditions lay by a depository and the stock broker.
What is the Demat account?
Demat Account, which is also known as the dematerialised account offers an amenity of holding the actual shares and securities in the electronic format. During online trading, shares are bought and then held in the demat account, thus facilitating simple trade for the users. A Demat Account holds all the investments an individual creates in shares, government securities, exchange traded funds, bonds and mutual funds in one place.
What is dematerialisation?
Dematerialisation is the procedure of converting a physical share certificates into an electronic form and that is a lot simpler to maintain and is available from anywhere throughout the world. The investor, who actually wants to trade online, simply requires opening a Demat with a Depository Participant (DP). The purpose of dematerialisation is to get rid of the requirement for the investor to hold physical share certificates and facilitating a seamless tracking and monitoring of holdings.
Demat Account service is basically delivered by the depositories such as NSDL and CDSL through intermediaries / Depository Participant / Stock Broker such as Angel Broking. The charges of demat account differ as per the volume held in the account, type subscribed, and the terms and conditions lay by the depository and the Stock Broker.
A demat account is also used for holding securities in an electronic format, after they are purchased or dematerialised. It is provided by two depositories – NSDL and CDSL respectively. Read more about the working, functions, and use of demat account here:
Importance of demat account
Angel Broking Demat Account offers the easy and safe and reliable way of holding shares and securities. This removes the risk of theft, forgery, loss and damage of physical certificates. The Demat account makes sure that the immediate transfers of securities. Once the trade is approved, the shares and securities are routinely transferred to your account. Automatic credit of the shares can simply take place in the event of a bonus received, company merger, consolidation, etc. The Demat account information regarding these activities is accessible online by simply logging into the account. You can actually trade on the go and from anywhere by utilizing the Smartphone or desktop. So, the requirement to visit the stock market to make transactions is eliminated.
Gain the profit
Angel Broking is one of the most well-known stock broking houses in India. The Angel Group is the member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and the two leading Commodity Exchanges in the country: NCDEX & MCX. Angel Broking is also registered as the Depository Participant with CDSL. Here are some of the advantages of opening a Demat account with Angel Broking:
- Invest easy and then earn quite better
- Gain access to the award-winning Angel Broking App – Trade, learn, and stay simply updated on the go. The app offers you the absolute latest news, reports, and real time updates at your fingertips. This also provides the Portfolio Health Check to help you maintain an ace portfolio.
- Get a superior chance of earning higher returns along with ARQ (a revolutionary auto-investment engine, powered by machine learning and deep industry insight, helps you earn better returns from your investments)
- Fastest account opening procedure – Start trading in 1 hour
- Highly secure and then speedy financial transactions
Whenever you are going to choose the right kind of angel broking account, all you need is to research about it properly.