A Demat account holds your shares and securities in electronic format. You need to select a depository participant (DP), which can be banks, financial institutions, brokers, or any entity authorised by SEBI to open your Demat account.
Share market investing in the bygone days involved a lot of paperwork. It was complicated and cumbersome until dematerialisation of shares made buying, selling, and holding shares effortless.
Demat is like a bank account that holds your shares and other securities. The statement of demat holdings broadly consists of a statement of demat transactions and demat holdings statement.
A critical tool for maximizing your wealth and safekeeping, Demat accounts make share trading quick and easy. It eliminates the risks and challenges associated with physical share certificates. In India, if you wish to invest in the stock market, it is mandatory to open a Demat account.
A Demat account, short for Dematerialisation Account, is necessary to invest in and hold stocks and shares. There were a total of 16.8 million Demat accounts in India in 2009 which increased to 30.8 million in 2017 and, subsequently, to 34.8 million in 2018. This rise of Demat accounts in India can be attributed to an increasing amount of awareness among the masses.
Listed shares can be expensive, which makes it difficult for investors to increase their holdings. On the other hand, bonus shares provide an alternative by boosting a person's ownership position in the business without adding to expenses.
The time to open a demat account would vary depend on whether you opt to open the demat account online digitally or offline.
Read on to know what you need to do to prevent yourself from a financial loss in case you have lost or misplaced your physical share certificate
Equity investing has become a common practice in India as new retail investors are looking to make better profits than other investment avenues and multiply their wealth over time. The Securities and Exchange Board of India, which regulates the Indian securities market, has made tremendous efforts overtime to shift the investing process from physical to digital. Today, it takes a few clicks on the mobile or the laptop to seamlessly buy and sells shares.
If you want to participate in an Initial Public Offering (IPO), purchase shares, and start trading in stock markets, one of the first requirements is to have an online Demat Account. A Demat or dematerialised account holds your shares and securities in the electronic format.
For decades, trading in the financial markets has remained a prime lucrative opportunity for various investors across India. Today, with the advent of modern, online trading platforms and tools such as the efficient demat account, trading has become even more lucrative than ever.
Demat Account is as important as having a bank account as it gives access to various investment options. Having a Demat account, it is easy to invest and trade in equities, derivatives, currency, commodities, mutual funds, and more.
The Indian stock market has evolved to offer better features and ease of trading to new-age investors. There was a time when the Indian share market followed the open outcry system where if investors wanted to buy and sell shares, they had to be physically present at the stock exchanges.
TPIN has come in prominence after SEBI expressed reservations about the erstwhile system of giving a signed power of attorney or POA to the broker to debit shares from the demat account against stock deliveries.
It is not possible to have joint trading accounts. But a joint demat account is allowed. This joint demat account can have 1 primary account holder and up to 2 joint account holders.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor), PFRDA Reg. No. PoP 20092018

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.