Demat Account

• Immediate transfer of securities.
• No stamp duty on transfer of securities.
• Elimination of risks associated with physical certificates such as bad delivery, fake securities.
• Reduction in paperwork involved in transfer of securities.
• Reduction in transaction cost.
• Nomination facility.
• Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately.
• Transmission of securities is done by DP eliminating correspondence with companies.
• Convenient method of consolidation of folios/accounts.
• Investments in equity, debt instruments and Government securities held in a single account.
• Automatic credit of shares, arising out of split / consolidation / merger etc., into demat account.

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• Dematerialisation i.e., converting physical certificates to electronic form.
• Rematerialisation i.e., conversion of securities in demat form into physical certificates.
• Facilitating repurchase / redemption of units of mutual funds.
• Electronic settlement of trades.
• Pledging/hypothecation of dematerialised securities.
• Electronic credit of securities allotted in public issues, rights issue.
• Automatic receipt of non-cash corporate benefits such as bonus, in electronic form.
• Freezing of demat accounts, so that the debits from the account are not permitted.
• Nomination facility.
• Services related to change of address.
• Transmission of securities.
• Other facilities viz. holding debt instruments in the same account, availing stock lending/borrowing facility, etc.

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